Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Automotive Safety Systems Market size was valued at USD 118.83 billion in 2024 and is expected to reach USD 319.3 billion by 2037, expanding at around 7.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive safety systems is assessed at USD 126.81 billion.
Extensive research associated with automotive safety systems in western countries, along with the government’s stringent safety regulations and organic growth in the automobile production across the globe are driving the market of automotive safety system. Moreover, the rising accidents and the increasing vehicle safety concerns among the consumers is projected to drive the automotive safety systems market growth. To meet the increasing standards for safety features in the vehicles major advanced driver assistant system (ADAS) manufacturers in the market have started investing in R&D activities. For instance, Continental AG invested USD 59 million for building a new R&D centre in Queretaro, Mexico. As consumers are gaining awareness about the advanced safety features and technologies, they are indicating an interest in improving their vehicles' safety systems. According to the data by the US National Highway Traffic Safety Administration (NHTSA), about 88% of rear-end collisions occur due to the negligence of the driver, or following the other vehicle closely.
Automotive Safety Systems Market: Growth Drivers and Challenges
Growth Drivers
- Government regulations pertaining to vehicle safety
- Rise in demand for a safe, efficient, and convenient driving experience
- Increasing demand for luxury cars
Challenges
- Security threats
- Maintaining a balance between cost and quality
- The intense rivalry between the manufactures in the automotive industry
Automotive Safety Systems Market: Key Insights
Automotive Safety Systems Segmentation
The automotive safety systems market has been segmented by technology into active and passive safety systems. Active safety systems are projected to be the fastest growing segment of this market, by technology. Continuously increasing demand for luxury vehicles will drive the growth of this segment. The growing trend toward autonomous vehicles is expected to contribute to the growth of the active safety systems. Based on end-user the market is segmented into OEMs and aftermarket. OEM’s market is likely to remain the largest end-user type during the forecast period and is expected to witness a higher growth rate in the same period, driven by increasing penetration in the newly-build vehicles across regions. All major automakers have started using active safety systems into some of their vehicles. They all have been in touch with suppliers to develop low-cost advanced active safety systems for their mass volume models.
Our in-depth analysis of the global automotive safety systems market includes the following segments:
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By Technology |
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By Vehicles Type |
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By End User |
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Customize this ReportAutomotive Safety Systems Industry - Regional Synopsis
Asia Pacific industry is expected to account for largest revenue share by 2037, owing to rising consumer income levels, increased vehicle production, and increase in the number of luxury vehicles in the region. The Asia pacific region is estimated to dominate the global automotive safety system market. The rising consumer income levels, increased vehicle production in developing countries such as India and China, and increase in the number of luxury vehicles in countries such as Japan fuel the growth of this market in Asia pacific region. Furthermore, the complexity and the high cost of features are the key restraint for the growth of this automotive safety systems market. These systems comprise micro-controller units, electronic control units, and various sensors such as ultrasonic, image, radio or laser sensors, and infrared sensors. These components increase the complexity of the safety features, thereby raising the cost. Currently, a limited class of buyers can afford driver assistance features.
Companies Dominating the Automotive Safety Systems Landscape
- Robert Bosch GmbH
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- ZF Friedrichshafen AG
- Continental AG
- Autoliv Inc.
- Ford Motor Company
- Hyundai Motor Group
- Magna International Inc.
- Denso Corporation
- Aptiv Plc.
In the News
Author Credits: Saima Khursheed
- Report ID: 2975
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
