PUBLISHER: The Business Research Company | PRODUCT CODE: 1455396
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455396
Automotive active safety systems encompass the incorporation of advanced technologies into vehicles to prevent accidents and alleviate the impact of collisions. These systems employ sensors, radar, cameras, and other technologies to continuously observe the vehicle's surroundings and aid the driver in potentially perilous situations.
The primary components within automotive active safety systems consist of anti-lock braking systems, driver monitoring, blind spot detection, night vision systems, adaptive cruise control, tire-pressure monitoring systems, lane departure warning, and other features. An anti-lock braking system (ABS) is a safety technology that prevents a vehicle's wheels from locking up when brakes are applied, ensuring tractive contact with the road surface and enabling the driver to maintain control over the vehicle. Various sensor types, including camera sensors, radar sensors, and lidar sensors, are employed for diverse applications, spanning passenger cars, light commercial vehicles, heavy commercial vehicles, and SUVs.
The automotive active safety systems market research report is one of a series of new reports from The Business Research Company that provides automotive active safety systems market statistics, including automotive active safety systems industry global market size, regional shares, competitors with an automotive active safety systems market share, detailed automotive active safety systems market segments, market trends and opportunities, and any further data you may need to thrive in the automotive active safety systems industry. This automotive active safety systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The automotive active safety systems market size has grown rapidly in recent years. It will grow from $44.23 billion in 2023 to $49.13 billion in 2024 at a compound annual growth rate (CAGR) of 11.1%. The growth observed during the historic period can be attributed to several factors, including rising traffic accidents, regulatory mandates, consumer demand for safety, influence from the insurance industry, and integration with advanced driver assistance systems (ADAS).
The automotive active safety systems market size is expected to see strong growth in the next few years. It will grow to $70.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The projected growth in the forecast period can be attributed to various factors, including the development of autonomous vehicles, the implementation of vehicle-to-everything (V2X) communication, integration of machine learning and AI, concerns regarding cybersecurity, and the integration of smart infrastructure. Major trends anticipated in the forecast period encompass collaboration between automakers and technology providers, increased awareness of pedestrian and cyclist safety, advancements in sensor technologies, sensor fusion technology, and the adoption of driver monitoring systems (DMS).
The rising demand for electric vehicles (EVs) is poised to drive the expansion of the automotive active safety systems market in the future. Electric vehicles are defined as vehicles powered by electricity stored in rechargeable batteries or other energy storage devices. Due to the quiet nature of electric vehicles, which may make them less noticeable to pedestrians and other road users, the adoption of active safety systems, such as pedestrian detection and collision avoidance, becomes essential to issue warnings or interventions and prevent potential accidents. These systems aim to enhance traction, stability, and maneuverability by actively controlling the vehicle's acceleration, braking, and steering, thereby reducing the risk of accidents and enhancing overall safety during EV operation. For example, in March 2023, a report by the International Energy Agency highlighted the exponential growth of electric car markets, with sales exceeding 10 million in 2022. The proportion of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022, and is projected to reach 14 million in sales by the end of 2023, representing a 35% year-on-year increase. Consequently, the growing demand for electric vehicles is fueling the growth of the automotive active safety systems market.
Key players in the automotive active safety systems market are concentrating on developing advanced technological solutions, such as driver monitoring systems (DMS), to cater to broader customer bases, boost sales, and increase revenue. A driver monitoring system (DMS) is a technology designed to monitor and analyze the behavior and condition of a vehicle's driver. For instance, in March 2021, Smart Eye AB, an AI company based in Sweden, introduced the AIS for the automotive aftermarket. The AIS stands out as a high-quality and cost-effective automotive-grade driver monitoring system, tailored for commercial vehicle fleets and the automotive aftermarket. Specifically addressing challenges faced by drivers during long-distance journeys and night shifts, the AIS employs gaze tracking technology to ensure drivers maintain focus on the road, thereby reducing the occurrence of road accidents. With a commitment to enhancing safety for drivers, passengers, pedestrians, and other road users, the AIS incorporates advanced features, including the ability to recognize faces, even when partially covered by masks or sunglasses. By closely monitoring the driver's eye, face, and head movements, the system detects potential distractions such as eating, drinking, smoking, or phone use, while also issuing alerts at the first signs of drowsiness.
In June 2023, Magna International Inc., a Canadian automaker manufacturer, acquired the Veoneer Active Safety business from SSW Partners for an undisclosed sum. Through this acquisition, Magna strengthens its active safety business and positions itself as one of the few providers ready to handle the growing complexity brought on by sophisticated software, system, and integration difficulties, by offering clients a comprehensive range of products. Veoneer Safety System is a Swedish automotive electronics safety systems company that provides night driving assist systems, active safety sensors, mono- and stereo-vision cameras, airbag control units, and crash sensors.
Major companies operating in the automotive active safety systems market report are Robert Bosch GmbH, ZF Friedrichshafen, Continental AG, HyundAI Mobis, Magna International, DENSO Corporation, Valeo SA, Aptiv PLC, Borg Warner Inc., TRW automotive, Infineon Technologies, Autoliv Inc., Knorr-Bremse, Toyoda Gosei Co. Ltd., Hella GmbH & Co. KGaA, Bendix Commercial Vehicle Systems LLC, Visteon Corporation, Ficosa International S.A., Mobileye, HERE Technologies, Delphi Technologies, FLIR Systems, PSA Peugeot Citroen (parent Stellantis N.V.), Takata Corporation, Freescale Semiconductor Inc
North America was the largest region in the automotive active safety systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive active safety systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the automotive active safety systems market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The automotive active safety systems market consists of revenues earned by entities by providing lane-keeping assist (LKA), forward collision warning (FCW), autonomous emergency braking (AEB), cross traffic alert (CTA) (BSD), lane change assist (LCA), and more. The market value includes the value of related goods sold by the service provider or included within the service offering. The automotive active safety systems market also includes sales of radar systems, cameras, traction control systems, and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Automotive Active Safety Systems Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on automotive active safety systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for automotive active safety systems ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The automotive active safety systems market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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