Global Automotive Safety Systems Market 2015-2019
About Automotive Safety Systems
Automotive safety is the procedure of designing and constructing the safety systems of a vehicle as per the standards and regulations prescribed by government agencies and transport authorities worldwide. Automotive safety systems help prevent and minimize the impact of accidents. Present day vehicles are equipped with both passive and active safety systems to protect both passengers and the driver.
TechNavio's analysts forecast the Global Automotive Safety Systems market to grow at a CAGR of 9.43 percent over the period 2014-2019.
Covered in this Report
The Global Automotive Safety Systems market can be segmented into two divisions: Active Safety Systems and Passive Safety Systems.
TechNavio's report, Global Automotive Safety Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Automotive Safety Systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions
TechNavio Announces the Publication of its Research Report – Global Automotive Safety Systems Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Automotive Safety Systems Market: Autoliv Inc., Takata Corp., Toyoda Gosei and TRW Automotive Holdings Corp.
Other Prominent Vendors in the market are: Continental AG, Delphi Automotive, East Joy Long Motor Airbag, FLIR Systems, Hella, Hyundai Mobis, Infineon Technologies, Nihon Plast, Neaton Auto Products Manufacturing, Raytheon, Tokai Rika and WABCO Holdings.
Commenting on the report, an analyst from TechNavio’s team said: “Safety concerns are increasing across various socioeconomic groups of the population, which is leading to increased adoption of side airbags in low-cost and compact automobiles. The demand for compact and mid-sized vehicles is on the rise in countries such as India, which is a key market for automotive manufacturers. ”
According to the report, increasing concern among consumers about automotive safety is driving demand for safety systems. The demand for electronically equipped safety solutions, such as power steering and driver assistance systems such as camera and radar systems, is increasing.
Further, the report states that most of automotive safety systems are electronically controlled, which increases the chances of product failure in critical situations. There are instances where either the electronic sensors fail or the speed with which airbags are deployed is high, or the ignition switch fails, thereby disabling the safety features.
Autoliv , Takata , Toyoda Gosei , TRW Automotive, Continental, Delphi Automotive, East Joy Long Motor Airbag, FLIR Systems , Hella KGaA Hueck, Hyundai Mobis, Infineon Technologies , Neaton Auto Products Manufacturing , Nihon Plast , Raytheon, TokaiRika, WABCO