Global Automotive Safety System Market Size is valued at USD 154.5 Bn in 2024 and is predicted to reach USD 369.2 Bn by the year 2034 at an 9.2% CAGR during the forecast period for 2025-2034.
Key Industry Insights & Findings from the Report:
The equipment installed into a vehicle to lessen the likelihood and severity of traffic collisions is referred to as an automotive safety system. The vehicle safety system is a critical component in the automobile manufacturing industry. Safety systems are employed in the automotive industry to ensure the safeness and security of automobiles and passengers.
Seatbelts, airbags, antilock braking systems, electronic traction, stability control systems, lane departure warning, blind-spot recognition, and driver monitoring are all utilized to ensure the safety of passengers. Vehicle demand is being driven by rising population, per capita income, and favorable foreign direct investment. With increased vehicle demand, demand for higher road safety regulations rises, boosting the automotive safety system market expansion soon.
However, the global market for car safety systems has been poorly disrupted by the COVID-19 pandemic. The COVID-19 pandemic slowed economic growth in nearly all major countries, altering consumer purchasing patterns.
National and international travel have been hampered due to the lockdown applied in many nations, which has dramatically disrupted the supply chain of numerous sectors worldwide, consequently increasing the supply-demand gap. As a result, a lack of raw material supply is likely to slow the manufacturing rate of automobile safety systems, severely impacting the automotive safety system market growth.
The automotive safety system market is segmented on the basis of technology, on-highway vehicle, off-highway vehicle, electric vehicle, and offerings. The technology segment includes active safety systems (anti-lock braking systems, automatic emergency braking, blind spot detection, electronic brake force distribution, electronic stability control, forward-collision warning, lane departure warning systems, traction control system, and tire pressure monitoring systems), passive safety systems (occupant protection and pedestrian protection systems, whiplash protection systems).
The on-highway vehicle type include buses, light commercial vehicles, passenger cars, and trucks. For off-highway vehicles, the market is segmented into agriculture vehicles and construction vehicles. The electric vehicle segment includes battery electric vehicles, fuel cell electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. By offering, the market has been segmented into hardware and software.
The passenger cars category is expected to hold a major share of the global automotive safety system market in 2024. Growing passenger car sales and production in developing nations are likely to boost segment expansion in this market. The increased use of safety features in passenger automobiles as a result of severe government safety rules is also expected to fuel market expansion in this sector.
The hardware segment is projected to grow at a rapid rate in the global automotive safety system market. The hardware safety system is adopted primarily due to its simple complexity and inexpensive installation cost. Despite being complicated, highly integrated, and expensive, the software system is significantly more precise and trustworthy in terms of safety features.
The North American automotive safety system market is expected to register the highest market share in terms of revenue in the near future. The region's rising population, combined with one of the best road infrastructures in the world, encourages automakers to create high-powered automobiles, which will drive the expansion of the automotive safety system market throughout the projection period. Because of the increasing number of automobiles manufactured and sold in Asia Pacific, the automotive safety system market is expected to increase significantly. Furthermore, the increased disposable income in developing countries is expected to drive the expansion of the automobile safety system market in the area in the coming years.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 154.5 Bn |
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Revenue forecast in 2034 |
USD 369.2 Bn |
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Growth rate CAGR |
CAGR of 9.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Bn, and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Technology, On-Highway Vehicle, Off-Highway Vehicle, Electric Vehicle, And Offerings |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Robert Bosch, Denso, Delphi Automotive, Infineon, ZF Friedrichshafen, Continental, Valeo, Magna, Autoliv, Mobileye, Hyundai Mobis, Takata, Knorr-Bremse. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Automotive Safety System Market By Technology-
Automotive Safety System Market By On-Highway Vehicle-
Automotive Safety System Market By Off-Highway Vehicle-
Automotive Safety System Market By Electric Vehicle System-
Automotive Safety System Market By Offering
Automotive Safety System Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
