Global Driver Safety Systems Market to Reach $28.4 Billion by 2030
The global market for Driver Safety Systems estimated at US$17.1 Billion in the year 2023, is expected to reach US$28.4 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2023-2030. Lane Departure Warning Steering Sensors, one of the segments analyzed in the report, is expected to record a 8.5% CAGR and reach US$11.1 Billion by the end of the analysis period. Growth in the Electronic Stability Control segment is estimated at 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 6.8% CAGR
The Driver Safety Systems market in the U.S. is estimated at US$5.1 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 6.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 6.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 5.7% CAGR.
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