MarketResearchNest.com adds “Global Automotive Active Safety System Market 2017-2021” new report to its research database. The report spread across 86 pages with table and figures in it.
Research analysts forecast the global automotive active safety system market to grow at a CAGR of 12.49% during the period 2017-2021.
About Automotive Active Safety System
Active safety systems are incorporated in automobiles. These systems help in preventing the risk of collisions or accidents. These systems consist of electronics and computer-controlled components. These include braking systems such as brake assists; traction control system (TCS); electronic stability control (ESC) and forward-looking, sensor-based system such as Advanced Driver Assistance Systems (ADAS); adaptive cruise control (ACC); and collision warning (CW); and avoidance, and mitigation systems. These help drivers in interpreting signals from various sensors, which, in turn, facilitate better controlling of vehicles.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive active safety system market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
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The market is divided into the following segments based on geography:
Technavio’s report, Global Automotive Active Safety System Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio recognizes the following companies as the key players in the global automotive active safety system market: Bosch, Continental, Delphi Technologies*, and ZF Friedrichshafen.
Other Prominent Vendors in the market are: Autoliv, Hyundai Mobis, Valeo, DENSO, Magna International, FLIR Systems, and Infineon Technologies.
Commenting on the report, an analyst from Research team said: “One trend in the market is rising use of driverless and connected car providing better safety. It is possible that the intervention between the pedestrian protection system (PPS) and ADAS would activate the collision avoidance system (CAS). In such a case, connected car technologies are expected to warn a vehicle to stay clear of the swerving range for the PPS to get activated.”
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According to the report, one driver in the market is increase in safety concerns. Globally, the use of vehicles has increased. People are driving vehicles for long distance journey, which has increased the average kilometers traveled by passengers. Road transport is expected to be one of the prominent modes of ferrying in the coming years. Mobility is also a necessity for industrial competitiveness but may have a negative impact on the environment, sustainability, and safety aspects. Over the last decade, the automotive industry has been actively working on improving the road safety by preventing accidents and reducing injuries. Many safety measures are focused on drivers, as human errors are the prime cause of accidents. Many technical measures, especially active safety system, works effectively in preventing accidents by warning the driver to take precaution before its occurrence.
Further, the report states that one challenge in the market is price increase of automobiles. NCAP regulations force automobile manufacturers to reinforce their vehicle structure to comply with Euro NCAP standards. This helps them pass the frontal impact crash tests at a speed of 56 kph (34.79 mph) and side impact crash tests at a speed of 50 kph (31.06 mph). Equipping entry-level vehicles with active safety systems increases the cost of small and compact automobiles. In India, the prices of entry-level automobiles are expected to increase in the range of $467–$544. This is due to the government’s mandate to install safety features, such as airbags, seatbelt reminders, ABS, and child restraint systems in all new automobiles. The prices of low-end models of a few small and mid-segment vehicles may also increase because India NCAP is making this a mandate for all automobiles.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Key questions answered in this report: What will the market size be in 2021 and what will the growth rate be; What are the key market trends; What is driving this market; What are the challenges to market growth; Who are the key vendors in this market space; What are the market opportunities and threats faced by the key vendors; What are the strengths and weaknesses of the key vendors;
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Mr. Jeet Jain