Press release
Automotive Active Safety System Market To Grow At A Surprising Growth Of USD 179.42 Billion by 2028
The Global Automotive Active Safety System Market size was valued at USD 62.95 billion in 2021 and is projected to reach USD 179.42 billion by 2028, growing at a CAGR of 16.14% from 2022 to 2028.
Automobile safety is the study and use of design, construction, equipment, and legislation to reduce the likelihood and effects of motor accidents and traffic on roads, Automotive active safety systems keep an eye on the road ahead and the vehicle's performance to warn the driver and alert any accidents before they happen. In cases where avoiding a collision is not practicable, active safety devices can lessen the force of impact. A vehicle may sense its surroundings by using sensors like radar, cameras, and ultrasonic sensors. Processors then analyze such data, serving as the driver's second set of eyes and taking appropriate action as necessary.
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Market Dynamics:
Driver:
Rise in the number of vehicle accidents all over the world in this the situation creates awareness among the people about Automotive Active Safety System, Active safety measures have great promise for improving vehicle on-road safety by preventing emergencies completely, or at the very least, by actively assisting the driver in correctly mitigating them. Government authorities throughout the world have been forced to implement numerous pieces of legislation that mandate some active safety systems in order to safeguard the safety of vehicle drivers and fellow passengers due to the the growing burden of traffic accidents and the costs they impose on public health.
Opportunities:
The demand for vehicles is driven by increasing per capita income, population growth, and favorable foreign direct investment. The desire for better road safety standards rises along with the demand for more automobiles, which will drive up the market for automotive active safety systems soon. For the reduction of road accidents, the government is also looking to adopt policies related to the automotive active safety system.
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Market coverage
•Available market numbers - 2022-2028
•Base Year - 2021
•Forecast Period - 2022-2028
•Segments covered - By Type, By Application
•Competitive Landscape - Bosch (Germany),Continental (Germany),Delphi (UK),ZF Friedrichshafen (Germany),Autoliv (Sweden),Takata (Japan)
Market Segmentation
By Type
• Anti-lock Braking System (ABS)
• Lane Departure Warning System (LDWS)
• Driver Monitoring System (DMS)
• Adaptive Cruise Control (ACC)
• Others
By Application
• Passenger Vehicles
• Commercial Vehicles
• Others
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By Region
•North America (U.S., Canada, Mexico)
•Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
•Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
•Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
•South America (Brazil, Argentina, Rest of South America)
Major Key Players Considered in the 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.
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Key Industry Development In The Automotive Active Safety System Market
In April 2022, ZF Friedrichshafen launched a pioneering Collision Mitigation System (CMS) for city buses. To avoid frontal collisions with other road users, including vehicles, bicycles, and pedestrians, the system provides active braking and it also helps counter the adverse impact of braking momentum on passengers.
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https://introspectivemarketresearch.com/reports/tugger-automated-guided-vehicle-market/
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