Automotive Passive Safety System Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Passive Safety System Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Passive Safety System Trends and Forecast

The future of the global automotive passive safety system market looks promising with opportunities in the passenger car and commercial vehicle markets. The global automotive passive safety system market is expected to reach an estimated $24.7 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are expansion of the automotive industry and rising customer demand for safer automobiles, increase in disposable income, as well as, growing inclination for advanced safety measures in automobiles.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Automotive Passive Safety System by Segment

The study includes a forecast for the global automotive passive safety system by product type, vehicle type, end use, and region.

Automotive Passive Safety System Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Airbag
• Seat Belt
• Electronic Control Unit
• Steering Wheels
• Others

Automotive Passive Safety System Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Vehicle
• Commercial Vehicle

Automotive Passive Safety System Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• OEM
• Aftermarket

Automotive Passive Safety System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Passive Safety System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive passive safety system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive passive safety system companies profiled in this report include-

• TRW Automotive
• Autoliv
• Robert Bosch
• Hyosung
• Tomkins
• Continental
• Hella
• Hyundai Mobis
• Wonder Auto Technology
• Key Safety Systems

Automotive Passive Safety System Market Insights

Lucintel forecasts that airbag is expected to witness the highest growth over the forecast period because growing installation of the airbags in vehicles by automakers.

APAC is expected to witness highest growth over the forecast period due to growing demand for vehicles, and implementation of stringent safety features in the vehicles.

Features of the Global Automotive Passive Safety System Market

Market Size Estimates: Automotive passive safety system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive passive safety system market size by product type, vehicle type, end use, and region in terms of value ($B).

Regional Analysis: Automotive passive safety system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, vehicle type, end use, and regions for the automotive passive safety system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive passive safety system market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the automotive passive safety system market size?

Answer: The global automotive passive safety system market is expected to reach an estimated $24.7 billion by 2030.

Q2. What is the growth forecast for automotive passive safety system market?

Answer: The global automotive passive safety system market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive passive safety system market?

Answer: The major drivers for this market are expansion of the automotive industry and rising customer demand for safer automobiles, increase in disposable income, as well as, growing inclination for advanced safety measures in automobiles.

Q4. What are the major segments for automotive passive safety system market?

Answer: The future of the global automotive passive safety system market looks promising with opportunities in the passenger car and commercial vehicle markets.

Q5. Who are the key automotive passive safety system market companies?

Answer: Some of the key automotive passive safety system companies are as follows:

• TRW Automotive
• Autoliv
• Robert Bosch
• Hyosung
• Tomkins
• Continental
• Hella
• Hyundai Mobis
• Wonder Auto Technology
• Key Safety Systems

Q6. Which automotive passive safety system market segment will be the largest in future?

Answer: Lucintel forecasts that airbag is expected to witness the highest growth over the forecast period because growing installation of the airbags in vehicles by automakers.

Q7. In automotive passive safety system market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing demand for vehicles, and implementation of stringent safety features in the vehicles.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the automotive passive safety system market by product type (airbag, seat belt, electronic control unit, steering wheels, and others), vehicle type (passenger vehicle and commercial vehicle), end use (OEM (original equipment manufacturer) and aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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