Global Automotive Active Safety System Market Overview
The Global Automotive Active Safety System Market size was valued at USD 84.91 billion in 2023 and is projected to reach USD 326.43 billion by 2032, growing at a CAGR of 16.14% from 2024 to 2032.
The automotive active safety system is a technology that helps the driver to maintain control over the vehicle for avoiding road accidents and to improve the driving experience under various road conditions and situations. The different kinds of technology in the car inform any issues with vehicles to drivers. This system includes forward collision warning (FCW) and lane departure warning (LDW), automated lighting, traffic warnings, adaptive cruise control, smartphone connectivity, automated braking system. When a potentially dangerous situation is created, the FCW and LDW generate the alert. Moreover, for monitoring the brakes and tires of the motor vehicle and maintaining a safe distance from the vehicle ahead, autonomous emergency braking (AEB), electronic stability control (ESC), and adaptive cruise control (ACC) perform a crucial function. The high presence of the major players in the automotive active safety system in the world so increasing the production of commercial as well as passenger vehicles is the key driver that reinforces the growth of the market of automotive active safety system market.
Market Dynamics And Factors For Automotive Active Safety System Market
Drivers:
Growing Demand for Safety Features in Vehicles
The demand for safety-featured vehicles is increasing globally and is a major factor that provides growth to the automotive active safety system market. Growing concern about accidents among the people, so manufacturers are mostly invested in the development of vehicles with safety features. For instance, according to World Health Organization, about 1.3 million peoples die each year due to road traffic crashes. Thus, peoples give the first preference for safety when purchasing vehicles. The National Research Center survey stated that about 65% of buyers believe safety is a big priority when shopping for any vehicle. The safety features include accident avoidance, anti-lock brakes, airbags, electronic stability controls, roof strength, and seat belts. This feature helps to prevent crashes and run-off road accidents. Thus, safety-featured vehicles becoming more popular and governments of various countries also focused on the production of the vehicles with their features that boost the growth of the automotive safety system market.
Restraints:
High Capital Investment in Automotive Active Safety System
The production cost of vehicles with safety features is high which hampers the growth of the automotive active safety system market. Owing to stringent rules of the government regarding safety the manufacturers are more invested in the development of the various featured vehicles. Due to growing production costs their selling cost also increases and which not affordable for middle-class peoples, thus their demand is decreased which restrict the growth of the market for automotive active safety system.
Opportunity:
Opportunity In Supportive Government Regulations
Several governments have stringent rules and regulations that support increasing the production of the featured vehicles which provides a lucrative opportunity for the automotive active safety system market. The National Highway Traffic Safety Administration (NHTSA) and the U.S. Environmental Protection Agency (EPA) are the agencies that regulated automobiles and auto parts. Vehicle safety issues are regulated by NHTSA. To prevent road accidents these governmental agencies, make standard features like forwarding collision warning (FCW) and lane departure warning (LDW). The safety standards are divided into three main categories; crash avoidance, crashworthiness, and post-crash. Owing to this standard the manufacturers are invested in the production of the featured vehicles that provide the remunerative opportunity for the automotive active safety system market during the forecast periods.
Segmentation Analysis Of Automotive Active Safety System Market
By Type, Anti-lock braking systems (ABS) have maximum market share in the automotive active safety system market. This system is one of the best safety features mostly used in modern vehicles. An anti-lock braking system provides quiet benefits like stopping the car from skidding and preventing possible hazards. The ABS technology helps to decrease the risk of wheels locking, and increase the stopping power, especially on ice. This system contains sensors that continuously check the action of the wheels and track their speed by the controller. Thus, in any emergency condition, brakes are prevented from locking. So, ABS technology is a life-saving technology that helps the driver to maintain control over their vehicles. The ABS technology includes an ABS speed sensor, valves, brake fluid, a pump, and a controller. Moreover, the cars have an ABS technology system, which has a lower risk of accidents, some insurance companies provide special insurance packages on the ABS-installed vehicle, and these cars give better resale values. The advanced traction control and ABS have some of the same basic infrastructures and both have a similar mechanism. Owing to this advanced feature with its benefits increasing mandates regarding ABS technology for all new modern vehicles support the growth of the market.
By Application, the passenger vehicles segment dominates the automotive active safety system market owing to expanding logistics and passenger transportation industries. The demand for passenger vehicles is increased among the middle-income group population and increased the standard of living in developing countries. The government initiatives and regulations have a large impact on the passenger car industry which helps to grow the demand for passenger cars during the forecast periods. Due to the growing demand for passenger vehicles, their production is increased worldwide. For instance, according to Statista, more than 57 million passenger cars were produced in 2021 globally. The demand for passenger cars from the working population is high which supports the growth of the market over the forecast period.
Regional Analysis Of Automotive Active Safety System Market
North America is expected to dominate the market for the automotive active safety system, due to the high presence of automakers and financially strong populations. With the rising accident cases in the North American region, thus peoples are more concerned about safety. According to National Highway Traffic Safety Administration, there were 42,915 people died in the crashes of motor vehicles which is increased by 10.5% as compared to 2020. Thus, people in this region have increasing demand for vehicles with safety features. Thus, automotive industries in North America engaged in the production of vehicles equipped with the automotive active safety system. For instance, Statista stated that the auto industries in the United State, Canada, and Mexico 2021, produced 13.43 million motor vehicles. Apart from this the government of North America developing stringent regulations for improving road safety that propels the automotive active safety system market of this region.
The Asia-Pacific is the second-dominated region in the automotive active safety system market owing to its high population base and the growing number of accident cases. For instance, according to Statista in 2021, there was the highest number of road accidents recorded in Guangdong, China it is about 4678 and in Japan, there were 305.2 thousand accidents recorded in the same year. Due to this rising number of road accident cases, automotive manufacturers established safety features in cars and engaged in research and development of novel technology in the automotive active safety system. Thus, the automotive active safety system market of the Asia Pacific will increase during the forecast period.
Europe has significant growth in the automotive active safety market owing to the high adoption of the new technology. Europe is a well-developed country so the financial condition of the European people is very well and they give the much interested in purchasing the new car and other vehicles. For instance, according to Statista, in 2021 about 2.62 new cars were registered in Germany and 1.65 million cars in the United Kingdom in the same year. Thus, the manufacturer in Europe engaged in the production of vehicles equipped with safety features. Statista stated that German is dominated country in the production of passenger cars. Its production accounted for 3.1 million passenger cars in 2021. Additionally, peoples are more aware of road accidents so their high priority is safety when purchasing cars or vehicles that boost the market of the automotive active safety system in the Europe region.
Covid-19 Impact Analysis On Automotive Active Safety System Market
COVID-19 began in Wuhan (China) in December 2019 and has since rapidly grown around the globe. In terms of confirmed cases and reported deaths, the US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are among the countries that have been most severely impacted. Because of the lockdowns, travel restrictions, and business closures, COVID-19 has had an impact on the businesses and industries of numerous nations. The pandemic had led to negative growth in the automotive active safety system. Due to lockdown, social distancing, and other government regulations, significant fall in automobile demand and reduce the use of vehicles. Thus, decreasing the number of cases of accidents and the economic condition of people decreased during the pandemic. The result is no demand for vehicle safety systems and slowed down the process of production. Thus COVID-19 has a negative impact on the automotive active safety system market.
Top Key Players Covered In Automotive Active Safety System Market
- Bosch (Germany)
- Continental (Germany)
- Delphi (UK)
- ZF Friedrichshafen (Germany)
- Autoliv (Sweden)
- Takata (Japan)
- Bendix CVS (US)
- FLIR Systems (US)
- Hella (Germany)
- Hyundai Mobis (South Korea)
- Infineon Technologies (Germany)
- Toyoda Gosei (Japan)
- Freescale Semiconductor (US)
- Navteq (US)
- Valeo (France) and other major players.
Key Industry Development In The Automotive Active Safety System Market
- In May 2024, ZF Friedrichshafen AG and Hon Hai Technology Group (Foxconn) finalized their joint venture, ZF Foxconn Chassis Modules, which commenced operations on April 30, 2024. Valued at ā¬1 billion, this partnership seeks to drive innovation and growth in automotive chassis systems by combining ZF's engineering expertise with Foxconn's proficiency in electronics.
- In April 2024, Volvo Buses unveiled advanced active safety systems aimed at enhancing driver safety and reducing accident risks. These systems are equipped with various components, prioritizing the protection of vulnerable road users, such as pedestrians and cyclists.
- In September 2023, Great Wall Motor (GWM), a leading Chinese vehicle manufacturer, and Autoliv China, a subsidiary of Autoliv, Inc. (NYSE: ALV, SSE: ALIVsdb), the global leader in automotive safety systems, announced their intention to collaborate on addressing the opportunities and challenges emerging in the rapidly evolving global automotive industry.
- In June 2023, Magna International strengthened its active safety portfolio by acquiring Veoneer Active Safety, a leading provider of automotive electronic safety systems. This acquisition establishes Magna International as a key supplier capable of managing the growing complexities of advanced software, systems, and integration, offering a full range of solutions to its clients.
Global Automotive Active Safety System Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 84.91 Bn. |
Forecast Period 2024-32 CAGR: |
16.14% |
Market Size in 2032: |
USD 326.43 Bn. |
Segments Covered: |
By Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By Application
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Automotive Active Safety System Market by Type
ā5.1 Automotive Active Safety System Market Overview Snapshot and Growth Engine
ā5.2 Automotive Active Safety System Market Overview
ā5.3 Anti-lock Braking System (ABS)
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2023-2032F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Anti-lock Braking System (ABS): Geographic Segmentation
ā5.4 Lane Departure Warning System (LDWS)
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2023-2032F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Lane Departure Warning System (LDWS): Geographic Segmentation
ā5.5 Driver Monitoring System (DMS)
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2023-2032F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Driver Monitoring System (DMS): Geographic Segmentation
ā5.6 Adaptive Cruise Control (ACC)
āā5.6.1 Introduction and Market Overview
āā5.6.2 Historic and Forecasted Market Size (2023-2032F)
āā5.6.3 Key Market Trends, Growth Factors and Opportunities
āā5.6.4 Adaptive Cruise Control (ACC): Geographic Segmentation
ā5.7 Others
āā5.7.1 Introduction and Market Overview
āā5.7.2 Historic and Forecasted Market Size (2023-2032F)
āā5.7.3 Key Market Trends, Growth Factors and Opportunities
āā5.7.4 Others: Geographic Segmentation
Chapter 6: Automotive Active Safety System Market by Application
ā6.1 Automotive Active Safety System Market Overview Snapshot and Growth Engine
ā6.2 Automotive Active Safety System Market Overview
ā6.3 Passenger Vehicles
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2023-2032F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 Passenger Vehicles: Geographic Segmentation
ā6.4 Commercial Vehicles
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2023-2032F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 Commercial Vehicles: Geographic Segmentation
ā6.5 Others
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2023-2032F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 Others: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
ā7.1 Competitive Landscape
āā7.1.1 Competitive Positioning
āā7.1.2 Automotive Active Safety System Sales and Market Share By Players
āā7.1.3 Industry BCG Matrix
āā7.1.4 Ansoff Matrix
āā7.1.5 Automotive Active Safety System Industry Concentration Ratio (CR5 and HHI)
āā7.1.6 Top 5 Automotive Active Safety System Players Market Share
āā7.1.7 Mergers and Acquisitions
āā7.1.8 Business Strategies By Top Players
ā7.2 BOSCH (GERMANY)
āā7.2.1 Company Overview
āā7.2.2 Key Executives
āā7.2.3 Company Snapshot
āā7.2.4 Operating Business Segments
āā7.2.5 Product Portfolio
āā7.2.6 Business Performance
āā7.2.7 Key Strategic Moves and Recent Developments
āā7.2.8 SWOT Analysis
ā7.3 CONTINENTAL (GERMANY)
ā7.4 DELPHI (UK)
ā7.5 ZF FRIEDRICHSHAFEN (GERMANY)
ā7.6 AUTOLIV (SWEDEN)
ā7.7 TAKATA (JAPAN)
ā7.8 BENDIX CVS (US)
ā7.9 FLIR SYSTEMS (US)
ā7.10 HELLA (GERMANY)
ā7.11 HYUNDAI MOBIS (SOUTH KOREA)
ā7.12 INFINEON TECHNOLOGIES (GERMANY)
ā7.13 TOYODA GOSEI (JAPAN)
ā7.14 FREESCALE SEMICONDUCTOR (US)
ā7.15 NAVTEQ (US)
ā7.16 VALEO (FRANCE)
ā7.17 OTHER MAJOR PLAYERS
Chapter 8: Global Automotive Active Safety System Market Analysis, Insights and Forecast, 2017-2032
ā8.1 Market Overview
ā8.2 Historic and Forecasted Market Size By Type
āā8.2.1 Anti-lock Braking System (ABS)
āā8.2.2 Lane Departure Warning System (LDWS)
āā8.2.3 Driver Monitoring System (DMS)
āā8.2.4 Adaptive Cruise Control (ACC)
āā8.2.5 Others
ā8.3 Historic and Forecasted Market Size By Application
āā8.3.1 Passenger Vehicles
āā8.3.2 Commercial Vehicles
āā8.3.3 Others
Chapter 9: North America Automotive Active Safety System Market Analysis, Insights and Forecast, 2017-2032
ā9.1 Key Market Trends, Growth Factors and Opportunities
ā9.2 Impact of Covid-19
ā9.3 Key Players
ā9.4 Key Market Trends, Growth Factors and Opportunities
ā9.4 Historic and Forecasted Market Size By Type
āā9.4.1 Anti-lock Braking System (ABS)
āā9.4.2 Lane Departure Warning System (LDWS)
āā9.4.3 Driver Monitoring System (DMS)
āā9.4.4 Adaptive Cruise Control (ACC)
āā9.4.5 Others
ā9.5 Historic and Forecasted Market Size By Application
āā9.5.1 Passenger Vehicles
āā9.5.2 Commercial Vehicles
āā9.5.3 Others
ā9.6 Historic and Forecast Market Size by Country
āā9.6.1 U.S.
āā9.6.2 Canada
āā9.6.3 Mexico
Chapter 10: Europe Automotive Active Safety System Market Analysis, Insights and Forecast, 2017-2032
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Type
āā10.4.1 Anti-lock Braking System (ABS)
āā10.4.2 Lane Departure Warning System (LDWS)
āā10.4.3 Driver Monitoring System (DMS)
āā10.4.4 Adaptive Cruise Control (ACC)
āā10.4.5 Others
ā10.5 Historic and Forecasted Market Size By Application
āā10.5.1 Passenger Vehicles
āā10.5.2 Commercial Vehicles
āā10.5.3 Others
ā10.6 Historic and Forecast Market Size by Country
āā10.6.1 Germany
āā10.6.2 U.K.
āā10.6.3 France
āā10.6.4 Italy
āā10.6.5 Russia
āā10.6.6 Spain
āā10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Automotive Active Safety System Market Analysis, Insights and Forecast, 2017-2032
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Anti-lock Braking System (ABS)
āā11.4.2 Lane Departure Warning System (LDWS)
āā11.4.3 Driver Monitoring System (DMS)
āā11.4.4 Adaptive Cruise Control (ACC)
āā11.4.5 Others
ā11.5 Historic and Forecasted Market Size By Application
āā11.5.1 Passenger Vehicles
āā11.5.2 Commercial Vehicles
āā11.5.3 Others
ā11.6 Historic and Forecast Market Size by Country
āā11.6.1 China
āā11.6.2 India
āā11.6.3 Japan
āā11.6.4 Singapore
āā11.6.5 Australia
āā11.6.6 New Zealand
āā11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Automotive Active Safety System Market Analysis, Insights and Forecast, 2017-2032
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Anti-lock Braking System (ABS)
āā12.4.2 Lane Departure Warning System (LDWS)
āā12.4.3 Driver Monitoring System (DMS)
āā12.4.4 Adaptive Cruise Control (ACC)
āā12.4.5 Others
ā12.5 Historic and Forecasted Market Size By Application
āā12.5.1 Passenger Vehicles
āā12.5.2 Commercial Vehicles
āā12.5.3 Others
ā12.6 Historic and Forecast Market Size by Country
āā12.6.1 Turkey
āā12.6.2 Saudi Arabia
āā12.6.3 Iran
āā12.6.4 UAE
āā12.6.5 Africa
āā12.6.6 Rest of MEA
Chapter 13: South America Automotive Active Safety System Market Analysis, Insights and Forecast, 2017-2032
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Anti-lock Braking System (ABS)
āā13.4.2 Lane Departure Warning System (LDWS)
āā13.4.3 Driver Monitoring System (DMS)
āā13.4.4 Adaptive Cruise Control (ACC)
āā13.4.5 Others
ā13.5 Historic and Forecasted Market Size By Application
āā13.5.1 Passenger Vehicles
āā13.5.2 Commercial Vehicles
āā13.5.3 Others
ā13.6 Historic and Forecast Market Size by Country
āā13.6.1 Brazil
āā13.6.2 Argentina
āā13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Automotive Active Safety System Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2022 |
Market Size in 2023: |
USD 84.91 Bn. |
Forecast Period 2024-32 CAGR: |
16.14% |
Market Size in 2032: |
USD 326.43 Bn. |
Segments Covered: |
By Type |
|
|
By Application |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
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Companies Covered in the report: |
|
Frequently Asked Questions :
The forecast period in the Automotive Active Safety System Market research report is 2024-2032.
Bosch, Continental, Delphi, ZF Friedrichshafen, Autoliv, Takata, Bendix CVS, and other major players.
The Automotive Active Safety System Market is segmented into Type, Vehicle Type, Offering, and Region. By Type, the market is categorized into Anti-lock Braking System (ABS), Lane Departure Warning System (LDWS), Driver Monitoring System (DMS), Tire-Pressure Monitoring System, Night Vision System, and Others. By Vehicle Type, the market is categorized into Passenger Vehicles, and Commercial Vehicles. By Offering, the market is categorized into Hardware, and Software. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Active safety in the automobile industry refers to a vehicle's Advanced Driving Assistance Systems (ADAS) that help drivers reduce the severity of accidents or avoid them entirely by regulating steering, braking, and propulsion. Forward collision warning with automatic emergency braking decreases rear-end collisions by 50%, according to the Insurance Institute for Highway Safety.
Global Automotive Active Safety System Market size was valued at USD 84.91 billion in 2023 and is projected to reach USD 326.43 billion by 2032, growing at a CAGR of 16.14% from 2024 to 2032.