Global Automotive Passive Safety System Market 2024-2028
The automotive passive safety system market is forecasted to grow by USD 8.16 bn during 2023-2028, accelerating at a CAGR of 6.52% during the forecast period. The report on the automotive passive safety system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing usage of passive safety systems in automobiles in developing countries, stringent regulations by government bodies regarding safety features in passenger cars, and growing importance of crash test norms and NCAP ratings.
Technavio's automotive passive safety system market is segmented as below:
By Product
- Airbags
- Seat belts
- Whiplash protection system (WHIPS)
- Occupant sensing system
By End-user
- Passenger vehicles
- Commercial vehicles
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the introduction of seatbelt reminder systems with visual/audible alarms for rear seats as one of the prime reasons driving the automotive passive safety system market growth during the next few years. Also, increasing advancements in airbag technologies and growing popularity of side airbags in mid-range and entry-level vehicles will lead to sizable demand in the market.
The report on the automotive passive safety system market covers the following areas:
- Automotive passive safety system market sizing
- Automotive passive safety system market forecast
- Automotive passive safety system market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive passive safety system market vendors that include APV Corporate, Ashimori Industry Co. Ltd., Autoliv Inc., Elastic Berger GmbH and Co. KG, Faurecia SE, Goradia Industries, Hyundai Motor Co., Infineon Technologies AG, Jinzhou Jinheng Automotive Safety System Co. Ltd., Joyson Safety Systems Aschaffenburg GmbH, Nihon Plast Co. Ltd., Ningbo Joyson Electronic Corp., NXP Semiconductors NV, Robert Bosch GmbH, Schaeffler AG, Tokai Rika Co. Ltd., Toyota Motor Corp., ZF Friedrichshafen AG, Knauf Industries, and TaiHangChangQing Automobile Safety System Co. Ltd.. Also, the automotive passive safety system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.