PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1368766
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1368766
According to SPER Market Research, 'Automotive Active Bonnet Market Size- By Vehicle Type, By Component, By Material, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Automotive Active Bonnet Market is predicted to reach USD 5.36 billion by 2033 with a CAGR of 9.51%.
A vehicle's passive pedestrian safety system that lessens the impact of a collision on a pedestrian is the automotive active bonnet. It is intended to create a space that absorbs shock between the engine and the bonnet, which lessens the force that a pedestrian would experience when bumping into the vehicle while it is in motion. Additionally, it lessens knee injuries to pedestrians in collisions.
Furthermore, on the automotive active bonnet market, the COVID-19 epidemic had a considerable effect. Production, supply, and consumer demand were all disrupted in the automotive sector. The demand for active bonnets decreased as a result of the lockdown procedures and the global reduction in car sales caused by the economy. The market is anticipated to pick up steam as the situation improves and the automobile sector resumes production, propelled by a growing emphasis on safety.