Global Market Insights Inc. says the Automotive Active Safety Systems Market will reach $443.4 Billion by 2032.

Major participants in the automotive active safety systems market include Valeo SA, Hyundai Mobis, Continental AG, Magna International Inc., Denso Corporation, ZF Friedrichshafen AG (ZF LIFETEC), Bosch Mobility Solutions.

Selbyville, Delaware, September 30, 2024 (GLOBE NEWSWIRE) —

Automotive active safety systems market valuation is projected to exceed $444.3 billion by 2032. Global Market Insights Inc. Research analysis by

Government regulations and safety standards are driving this growth. As governments implement stricter safety rules, automakers are integrating advanced safety features into their vehicles.

For example, the European Union’s General Safety Directive requires all new vehicles from 2022 to include features such as advanced emergency braking and lane keeping systems. This regulation encouraged automakers to invest in technologies such as anti-lock braking systems and electronic stability control. Meeting these standards and improving vehicle safety ratings, increasing market demand for automotive active safety systems.

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A notable trend in the industry is the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies. These advances enhance active safety systems, allowing real-time data processing and precise hazard predictions. AI-powered systems analyze data from sensors and cameras to predict and prevent collisions. These systems are constantly evolving, improving their capabilities with various driving scenarios. This trend not only increases the effectiveness of active safety systems, but also forms the basis for advanced autonomous driving features, fueling innovation and expansion in the market.
The overall market is classified by vehicle, component, sales channel, technology and region.

In the passenger car segment, the automotive active safety systems market had a market share of approximately 83%. This leadership is driven by strong consumer demand for safety features in personal vehicles. With safety regulations tightening and consumers’ increasing emphasis on vehicle safety ratings, automakers are installing advanced active safety systems, such as emergency braking and lane assist features, into passenger cars. The dominance of the segment is further strengthened by the global sales volume of passenger cars. In addition, as security technologies advance and market competition intensifies, the adoption of these systems in passenger vehicles is also accelerating.

In 2023, the OEM segment took a leading position in the automotive active safety systems market with a share of nearly 85%. Original Equipment Manufacturers (OEMs) play a crucial role in the deployment of active safety systems into new vehicles and position themselves as the main suppliers of these components. The advantages lie in early access to state-of-the-art safety technologies, ensuring that new models comply with stringent safety regulations from the start.

By producing security systems in bulk, OEMs benefit from economies of scale, reducing cost per unit. Its partnerships with safety technology suppliers facilitate the integration of the latest innovations, such as advanced collision warnings and electronic stability control, into its vehicles. With rising safety standards and rising consumer expectations, OEMs face increasing pressure to deliver comprehensive safety features and solidify market leadership.

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The Asia Pacific region has emerged as the dominant player in the global automotive active safety systems market, accounting for a significant share of approximately 31% by 2023. This dominance is due to the region’s increasing vehicle production and increasing emphasis on safety awareness. Countries such as China, Japan and South Korea are important countries driving the region’s increasing production volumes and therefore the demand for active safety systems in light of stringent regulatory requirements.

Partial parts of the report table of contents (TOC):

Part 1 Methodology and Scope

1.1 Research design

1.1.1 Research approach

1.1.2 Data collection methods

1.2 Basic estimates and calculations

1.2.1 Base year calculation

1.2.2 Key trends in market forecast

1.3 Prediction model

1.4 Primary research and validation

1.4.1 Primary sources

1.4.2 Data mining sources

1.5 Market definition

Chapter 2 Executive Summary

2.1 Automotive Active Safety Systems Market 360⁰ summary, 2021 – 2032

Part 3 Sunday Analytics

3.1 Industry ecosystem analysis

3.2 Supplier environment

3.3 Profit margin analysis

3.4 Cost breakdown analysis

3.5 Technology and innovation environment

3.6 Patent analysis

3.7 Key news and initiatives

3.8 Regulatory environment

3.9 Strike forces

3.9.1 Drivers of growth

3.9.1.1 Increasing demand for vehicle safety features

3.9.1.2 Strict government regulations regarding vehicle safety

3.9.1.3 Increasing adoption of advanced driver assistance systems (ADAS)

3.9.1.4 Technological developments in sensor and software technologies

3.9.2 Industry pitfalls and challenges

3.9.2.1 High cost of advanced security systems

3.9.2.2 Integration complexity and potential reliability issues

3.10 Growth potential analysis

3.11 Porter’s analysis

3.12 PESTEL analysis

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