Automotive Active and Passive Safety Systems Market Trends and Analysis by Technology, Companies and Forecast to 2028
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Automotive Active and Passive Safety Systems Market Report Overview
The automotive active and passive safety systems market size was 548 million units in 2023. The market will grow at a CAGR of more than 2% during 2023-2028. Since safety is one of the key buyer concerns, more vehicles are being equipped with autonomous components such as sensors, cameras, and ECUs.
Moreover, major suppliers have partnered with software technology companies to bring forward better driver assistance systems. In 2023, Asia-Pacific accounted for a significant share of the automotive active and passive safety systems market.
Automotive Active and Passive Safety Systems Market Outlook, 2023-2028 (Million Units)
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The automotive active and passive safety systems market research report provides a comprehensive overview of the automotive safety systems market trends and drivers. The automotive safety systems market also provides a detailed overview of technological developments and innovations, PESTER analysis, and leading component suppliers at a global and regional level. Furthermore, evaluate strategic initiatives by market players and their recent product innovations to identify growth opportunities. The report also provides an overview of patent filings across sectors, regions, countries, and top applicants.
Market Size (2023) | 548 million units |
CAGR (2023-2028) | >2% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Autoliv, ZF TRW, Takata, Toyoda Gosei Co., Ltd., and Jinzhou Jinheng Automotive Safety System |
Key Sectors | OE Front Airbags, OE Side Airbags, OE Curtain Airbags, and DAS Rearview Cameras |
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Automotive Active and Passive Safety Systems Market Trends
A few of the key trends shaping the automotive active and passive safety systems market are the focus of commercial vehicles on safety and the development of software technology, among others.
Development of software technology: Drivers are becoming more distracted daily from phones and other causes while driving. Hence, automakers are researching and developing advanced safety and driver assistance systems to protect the passengers inside the vehicle from collisions.
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Automotive Active and Passive Safety Systems Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest share among all the regions
The key regions in the automotive active and passive safety systems market are Asia-Pacific, Europe, North America, South America, and MEA. Increasing demand for luxury cars and government restrictions related to vehicle safety are driving the Asia-Pacific market. Rising consumer income levels and increased vehicle manufacturing in developing countries provide further growth potential for the region.
Automotive Active and Passive Safety Systems Market Analysis by Regions, 2023 (%)
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Automotive Active and Passive Safety Systems Market – Competitive Landscape
Autoliv accounted for the highest market share in 2021
A few of the top companies operating in the market are:
- Autoliv
- Takata
- ZF TRW
- Toyoda Gosei Co., Ltd.
- Jinzhou Jinheng Automotive Safety System
Autoliv is popular as a safety equipment specialist supplier. The occupant restraint systems market leader unveiled a new airbag technology that uses pressure differences to draw in the surrounding air and augment the inflation process.
Moreover, the company is taking strategic actions to aid the growth of the automotive safety systems market. In July 2023, it announced its intention to reduce its geographic presence by closing facilities in a few countries. Such approaches will reduce the company’s cost structure and streamline its logistics and geographic reach.
Occupant Restraint System Analysis by Companies, 2021 (%)
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Automotive Active and Passive Safety Systems Market Segmentation by Sectors
The key sectors in the automotive active and passive safety systems market are OE front airbags, OE side airbags, OE curtain airbags, DAS rearview cameras, and others. In 2023, OE front airbags accounted for the highest share of the automotive active and passive safety systems market.
Automotive Active and Passive Safety Systems Market Analysis by Sectors, 2023 (%)
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Automotive Active and Passive Safety Systems Market – Latest Developments
A few of the latest developments in the automotive active and passive safety systems market are as follows:
- 3rd August 2023: ZF Friedrichshafen is a Zeppelin-Stiftung affiliate that makes auto parts. They announced that an airbag production and research and development (R&D) center will be built in Wuhan, China.
- 6th June 2023: Honda plans to introduce 5 new high-end SUVs in India by 2030 including Elevate. The petrol engine in the Elevate has a full set of active and passive safety features.
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Segments Covered in this Report
Automotive Active and Passive Safety Systems Sector Outlook (Value, Million Units, 2018-2028)
- OE Front Airbags
- OE Side Airbags
- OE Curtain Airbags
- DAS Rearview Cameras
- Others
Automotive Active and Passive Safety Systems Regional Outlook (Value, Million Units, 2018-2028)
- Asia-Pacific
- Europe
- North America
- South America
- MEA
Scope
- Trends & Drivers: Provides an overview of the current key trends and drivers that will influence the sector’s growth in the future.
- Technological Developments: Provides a detailed overview of technological developments and innovations in the sector.
- PESTER Analysis: Provides a detailed understanding of political, economic, social, technological, environmental, and regulatory factors impacting the sector.
- Sector Forecast: Provides deep-dive analysis of the global market covering volume growth during 2018-2028, and spot estimates for 2023 and 2028. The analysis also covers a regional overview across four regions highlighting sector size and growth drivers.
- Competitive Landscape: Provides an overview of leading component suppliers at a global and regional level, besides analyzing the recent product innovations and key strategic initiatives taken by the companies.
- Patent Analysis: Provides an overview of patent filings in the sector across regions, countries, and top applicants.
Reasons to Buy
- The report provides OEMs and component suppliers’ latest information on market evolution to help formulate sales and marketing strategies.
- The report provides authentic market data with a high level of detail to help gain a competitive edge in the market.
- The report provides its readers with up-to-date information and analysis to uncover emerging opportunities for growth within the sector.
- The report analyzes regions and competitive landscape that can help companies gain insight into the region-specific nuances.
- The report assesses the key trends that drive customer choice and the future opportunities that can be explored in the region. Actionable insights on trends can help companies in revenue expansion.
- The report helps gain competitive intelligence about leading component suppliers in the region with information about their market share and growth rates.
Takata
ZF TRW
Table of Contents
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Figures
Frequently asked questions
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What was the automotive active and passive safety systems market size in 2023?
The automotive active and passive safety systems market size was 548 million units in 2023.
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The automotive active and passive safety systems market size was 548 million units in 2023.
The automotive active and passive safety systems market size was 548 million units in 2023.
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Which was the leading sector of the automotive active and passive safety systems market in 2023?
In 2023, OE front airbags accounted for the highest share of the automotive active and passive safety systems market.
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Which was the leading region in the automotive active and passive safety systems market in 2023?
Asia-Pacific was leading the automotive active and passive safety systems market in 2023.
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Which are the key companies in the automotive active and passive safety systems market?
The top companies operating in the market are Autoliv, Takata, ZF TRW, Toyoda Gosei Co., Ltd., and Jinzhou Jinheng Automotive Safety System.
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