Automotive Active Safety Systems Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Automotive Active Safety Systems Market was valued at USD 145.3 billion in 2023 and is projected to grow at a CAGR of over 13% from 2024 to 2032. Government regulations and safety standards are driving this growth. As governments impose stricter safety mandates, automakers are integrating advanced safety features into their vehicles.

The European Union's General Safety Regulation, for instance, mandates that all new vehicles include features like advanced emergency braking and lane-keeping systems starting in 2022. This regulation has spurred automakers to invest in technologies such as anti-lock braking systems and electronic stability control to meet these standards and enhance vehicle safety ratings, driving market demand.

A notable trend in the sector is the integration of Artificial Intelligence (AI) and Machine Learning (ML) technologies. These advancements enhance active safety systems, allowing real-time data processing and precise hazard predictions. AI-driven systems analyze data from sensors and cameras to foresee and avert collisions. These systems continuously evolve, refining their capabilities with diverse driving scenarios. This trend not only improves the efficacy of active safety systems but also lays the groundwork for advanced autonomous driving features, fueling market innovation and expansion.

The overall automotive active safety systems industry is classified based on vehicle, component, sales channel, technology, and region.

In 2023, the passenger car segment commanded a market share of approximately 83%. This leadership is due to robust consumer demand for safety features in personal vehicles. With tightening safety regulations and growing consumer emphasis on vehicle safety ratings, automakers are embedding advanced active safety systems-like emergency braking and lane-assist features-into passenger cars. The segment's dominance is further bolstered by the global sales volume of passenger cars. Additionally, as safety technologies advance and market competition intensifies, the adoption of these systems in passenger vehicles accelerates.

In 2023, the OEM segment led the market with a share of around 85%. Original Equipment Manufacturers (OEMs) are pivotal in embedding active safety systems into new vehicles, establishing themselves as the primary suppliers of these components. Their advantage lies in early access to state-of-the-art safety technologies, ensuring new models align with stringent safety regulations from inception. By producing safety systems en masse, OEMs benefit from economies of scale, reducing the cost per unit. Their partnerships with safety technology suppliers facilitate the integration of cutting-edge innovations-like advanced collision warnings and electronic stability control-into their vehicles. With rising safety standards and heightened consumer expectations, OEMs face increasing pressure to offer comprehensive safety features, solidifying their market leadership.

Asia Pacific region emerged as the dominant player in the global automotive active safety systems market, holding a significant share of around 31% in 2023. This dominance is due to the region's booming vehicle production and growing emphasis on safety awareness. Countries like China, Japan, and South Korea are pivotal, driving the region's heightened production volumes and, consequently, the demand for active safety systems in light of stringent regulatory mandates.

Product Code: 11032

Table of Content

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definition

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Cost breakdown analysis
3.5 Technology and innovation landscape
3.6 Patent analysis
3.7 Key news and initiatives
3.8 Regulatory landscape
3.9 Impact forces
- 3.9.1 Growth drivers
  - 3.9.1.1 Increasing demand for vehicle safety features
  - 3.9.1.2 Stringent government regulations on vehicle safety
  - 3.9.1.3 Rising adoption of advanced driver assistance systems (ADAS)
  - 3.9.1.4 Technological advancements in sensor and software technologies
- 3.9.2 Industry pitfalls and challenges
  - 3.9.2.1 High cost of advanced safety systems
  - 3.9.2.2 Complexity of integration and potential reliability issues
3.10 Growth potential analysis
3.11 Porter's analysis
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share
4.3 Competitive analysis of major market players
4.4 Competitive positioning matrix
4.5 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Technology, 2021-2032 ($Bn)

5.1 Key trends
5.2 Adaptive cruise control (ACC)
5.3 Anti-lock braking system (ABS)
5.4 Electronic stability control (ESC)
5.5 Lane departure warning (LDW)
5.6 Blind spot detection (BSD)
5.7 Automatic emergency braking (AEB)
5.8 Tire pressure monitoring system (TPMS)
5.9 Night vision system
5.10 Driver monitoring system

Chapter 6 Market Estimates and Forecast, By Vehicle, 2021-2032 ($Bn, Units)

6.1 Key trends
6.2 Passenger vehicle
6.3 Commercial vehicle
- 6.3.1 Light commercial vehicles (LCVs)
- 6.3.2 Heavy commercial vehicles (HCVs)

Chapter 7 Market Estimates and Forecast, By Component, 2021-2032 ($Bn, Units)

7.1 Key trends
7.2 Hardware
- 7.2.1 Actuators
- 7.2.2 ECUs (Electronic Control Units)
- 7.2.3 Display and alarm systems
- 7.2.4 Sensors
  - 7.2.4.1 Radar
  - 7.2.4.2 LiDAR
  - 7.2.4.3 Ultrasonic Sensors
  - 7.2.4.4 Cameras
7.3 Software

Chapter 8 Market Estimates and Forecast, By Sales Channel, 2021-2032 ($Bn, Units)

8.1 Key trends
8.2 OEMs (Original Equipment Manufacturers)
8.3 Aftermarket

Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 ($Bn, Units)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Aisin Seiki Co., Ltd.
10.2 Analog Devices, Inc.
10.3 Aptiv PLC
10.4 Autoliv Inc.
10.5 Continental AG
10.6 Denso Corporation
10.7 Delphi Technologies
10.8 Hyundai Mobis Co., Ltd.
10.9 Infineon Technologies AG
10.10 Magna International Inc.
10.11 Mando Corporation
10.12 Mobileye N.V.
10.13 NXP Semiconductors N.V.
10.14 Panasonic Corporation
10.15 Robert Bosch GmbH
10.16 Texas Instruments Incorporated
10.17 Hitachi Astemo, Ltd.
10.18 Valeo S.A.
10.19 Veoneer Inc.
10.20 ZF Friedrichshafen AG