Automotive Safety Systems Market Analysis

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: