Global Automotive Active Safety Market to be Propelled by Increasing Focus on Road Safety and Stringent Safety Regulations

Automotive active safety refers to the preventive safety systems present in a vehicle that help prevent or mitigate road accidents and at the same time, enhance the driving experience. On the other hand, passive safety systems are those that help minimize damage during a collision or accident. Active safety systems are usually electronic and computer-controlled components that help keep the vehicle in the correct lane and also shows what is in the blind spots.

Examples of automotive active safety systems include brake assist, ABS (Anti-lock Braking system), NVS (Night Vision Systems), ESC (Electronic Stability Control), LDWS (Lane Departure Warning System) DMS (Driver Monitoring System), ACC (Adaptive Cruise Control), and FCW (Forward Collision Warning), among others. These systems help monitor the vehicle’s braking and tire systems, generate alerts on detecting a dangerous situation, and maintain a safe distance from the vehicle ahead.

The global automotive active safety market is expected to grow at a CAGR of 9% during 2019 to 2024. Increasing number of vehicles on the road and the consequent rise in the number of accidents are increasing the demand for automotive active safety systems. This, in turn, is boosting the growth of the global automotive active safety systems market.

With the increasing focus on vehicle and road safety, governments in both developed and developing countries are introducing stringent safety regulations. To implement these regulations, automotive manufacturers are incorporating various safety features in cars. They are also investing huge sums in R&D activities to develop advanced safety features or systems.       

Apart from these, the automotive industry is moving towards autonomous vehicles. Presently, vehicles have reached the Level 2 or second generation of automation, which can be described as partial automation. On the other hand, level 4 and 5 refer to full automation. The demand for autonomous vehicles is increasing across the globe and this factor will give a major boost to the global automotive active safety systems market.

Asia Pacific and North America are going to dominate the automotive active safety systems market. Increasing production of new vehicles, coupled with the growing demand for safety and increasing use of automotive active safety system, is propelling the Asia-Pacific market. The growth of the North American market is mainly being driven by stringent government regulations.

The European market is also expected to register impressive growth in the coming years. In Europe, the German automotive industry is known for manufacturing cars that are highly valued for both design and safety. The growth of the European automotive active safety systems market will be driven by technology enhancement and the presence of a world class R&D infrastructure.

The key players that are dominating the global automotive active safety systems market are Robert Bosch GmbH (Germany), Continental AG (Germany), ZF Friedrichshafen (Germany), Delphi Technologies (U.K.), Autoliv (Sweden), Valeo (France), Hyundai Mobis (South Korea), Denso Corporation (Japan), Magna International (Canada), Infineon Technologies (Germany), PSA Peugeot Citroen (France), and Borg Warner Inc. (US).

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