PUBLISHER: Grand View Research | PRODUCT CODE: 1553995
PUBLISHER: Grand View Research | PRODUCT CODE: 1553995
The global automotive active safety system market size was estimated at USD 13.86 billion in 2023 and is expected to grow at a CAGR of 18.2% from 2024 to 2030. In the automotive industry, active safety involves Advanced Driving Assistance Systems (ADAS) that aid drivers in minimizing the severity of accidents or preventing them by managing braking, steering, and propulsion. Increased integration of ADAS systems in modern vehicles is a major driving factor behind the growth of the market. In addition, rising government regulations to integrate active safety systems in vehicles and government initiatives such as tax credits or incentives to promote the adoption of electric vehicles are further propelling the market growth.
The shift towards autonomous driving technologies represents one of the most transformative trends in the market. Autonomous vehicles, equipped with sophisticated sensor arrays, artificial intelligence, and machine learning algorithms, are being developed to operate without human intervention. Companies are investing heavily in technologies such as full self-driving (FSD) systems, which include advanced radar, LiDAR, cameras, and GPS to enable vehicles to navigate complex driving environments safely. Thus, rising development of autonomous driving technologies to reduce human error, increase road safety, and revolutionize personal and commercial transportation is also boosting the market's growth.
Regulatory bodies worldwide are implementing rigorous safety standards and requirements for active safety systems to mitigate accident risks and enhance driver protection. Regulations often mandate the integration of features such as automatic emergency braking, lane-keeping assist, and adaptive cruise control into new vehicles, ensuring that automakers meet specific performance criteria. For instance, in April 2024, The U.S. Department of Transportation's National Highway Traffic Safety Administration finalized a new Federal Motor Vehicle Safety Standard requiring that automatic emergency braking (AEB), including pedestrian AEB, be standard on all light trucks and passenger cars by September 2029. This regulation is anticipated to significantly decrease the incidence of rear-end collisions and pedestrian accidents, thereby improving the market's growth.
Vehicle-to-Everything (V2X) communication is also an emerging trend in the market, aimed at enhancing vehicle safety and traffic efficiency through advanced connectivity. V2X technology facilitates communication between vehicles, infrastructure, and other road users, enabling vehicles to share information about their speed, location, and direction with surrounding entities. This interconnected network supports various applications, including Vehicle-to-Vehicle (V2V) collision warnings, Vehicle-to-Infrastructure (V2I) traffic signal coordination, and Vehicle-to-Pedestrian (V2P) alerts. Thus, the integration of V2X systems is expected to play a crucial role in the development of smart cities and intelligent transportation systems, further driving market growth.
High costs associated with advanced safety technologies, including sensors, cameras, and radar systems, could hamper the growth of the market. In addition, concerns about cybersecurity threats and the potential for system malfunctions or false alerts could hinder the widespread adoption of active safety systems. Moreover, a factor that reduces the effectiveness of active safety systems is the variability of real-world road conditions. For instance, a modern lane-keeping system may only operate effectively on roads with well-defined lane markings. Thus, factors such as the high cost of advanced active safety systems, privacy and data security concerns, and other drawbacks of these systems could restrain the market growth.
Global Automotive Active Safety System Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global automotive active safety system market based on type, sensor type, vehicle type, propulsion type, and region.