Automotive Active and Passive Safety Systems Market Trends, Sector Overview 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 894.5 million units in 2023. The market will grow at a CAGR of more than 3% during 2023-2028. Since driving distractions from phones, music, and infotainment are becoming more commonplace, automakers are researching and developing advanced safety and driver assistance systems to protect the passengers inside the vehicle from collisions. 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 PESTER analysis. 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) | 894.5 million units |
CAGR (2023-2028) | >3% |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Key Regions | Asia-Pacific, Europe, North America, South America, and MEA |
Key Companies | Autoliv, Joyson Safety Systems, ZF Friedrichshafen, Toyoda Gosei, and Hyundai Mobis |
Key Sectors | OE Front Airbags, OE Side Airbags, Front Cameras, and Front Infrared Sensors |
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Automotive Active and Passive Safety Systems Market Trends and Drivers
Safety Features in Commercial Vehicles: Globally, active safety features on commercial vehicles are becoming increasingly mandatory in most developed markets. Mercedes-Benz trucks have created features such as Active Drive Assist 2 and Active Brake Assist 5 to increase vehicle and road safety. Continental has developed a camera-based all-around monitoring system for special and construction vehicles as well.
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Automotive Active and Passive Safety Systems Market Segmentation by Regions
In 2023, Asia-Pacific accounted for the highest automotive active and passive safety systems market 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. An 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 2022
A few of the top companies operating in the market are:
- Autoliv
- Joyson Safety Systems
- ZF Friedrichshafen
- Toyoda Gosei
- Hyundai Mobis
Autoliv introduced a new airbag technology that enhances inflation by drawing in surrounding air through pressure differences. An inflator equipped with the new technology can detect a collision signal. After that, several inlet tubes are used to propel high-speed gases quickly and at high pressure.
Autoliv is also taking strategic actions to aid the growth of the automotive safety systems market. In July 2023, it announced its intention to reduce its geographic footprint by closing facilities in a few countries.
Automotive Active and Passive Safety Systems Market Analysis by Companies, 2022 (%)
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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, front cameras, front infrared sensors, 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:
- 22nd September: Great Wall Motor (GWM) and Autoliv China announced a new partnership that will produce innovations such as an integrated safety system for autonomous vehicles and an overhead passenger airbag that extends from the car’s ceiling.
- 3rd August 2023: ZF Friedrichshafen is a Zeppelin-Stiftung affiliate that makes auto parts. It announced that an airbag production and research and development (R&D) center will be built in Wuhan, China.
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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
- Front Cameras
- Front Infrared Sensors
- 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 2030 and 2036. 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.
Joyson Safety System
ZF Friedrichshafen
Toyoda Gosei
Hyundai Mobis
Tokai Rika.
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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 894.5 million units in 2023.
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What will the automotive active and passive safety systems market growth rate be during the forecast period?
The automotive active and passive safety systems market will grow at a CAGR of more than 3% during 2023-2028.
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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.
-
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 regional market in 2023.
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Which are the key companies in the automotive active and passive safety systems market?
A few of the top companies operating in the automotive active and passive safety systems market are Autoliv, Joyson Safety Systems, ZF Friedrichshafen, Toyoda Gosei, and Hyundai Mobis, among others.
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