Automotive Active Safety System Market Is Expected To Reach USD 179.42 Billion By The Year 2028

Automotive Active Safety System Market Is Expected To Reach USD 179.42 Billion By The Year 2028

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Automotive Active Safety System Market was valued at USD 62.95 billion in 2021 and is expected to reach USD 179.42 billion by the year 2028, at a CAGR of 16.14%.

Automotive active safety is a preventive system which assists a driver in controlling the vehicle, preventing or mitigating road accidents and enhancing the overall driving experience under different road conditions and situations. The system helps in keeping the vehicle in the correct lane and shows blind spots that may otherwise lead to accidents or other hazards. It employs Forward Collision Warning (FCW) and Lane Departure Warning (LDW) which generate an alert when a potentially dangerous situation is detected. Its other features include Autonomous Emergency Braking (AEB), Electronic Stability Control (ESC) and Adaptive Cruise Control (ACC) which perform functions ranging from monitoring the vehicle’s braking and tire systems to maintaining a safe distance from the vehicle ahead.

The global Automotive Active Safety System Market size was accounted at USD 62.95 billion in 2021. The increasing demand for autonomous vehicles in the present automobile market has demanded the use of Automotive Active Safety System that helps to manage the entire system of the vehicle along with its electronic components by way of an integrated software. Multiple lines of codes need to be arranged in a particular format to integrate the entire vehicle into one software which will be able to manage the functioning of the vehicle. Increasing demand for connected cars has also resulted in boosting the market for Automotive Active Safety System to a great extent.

The Major Players In The Automotive Active Safety System Market Include:

·         Bosch

·         Continental

·         Delphi

·         ZF Friedrichshafen

·         Autoliv

·         Takata

·         Bendix CVS

·         FLIR Systems

·         Hella

·         Hyundai Mobis

·         Infineon Technologies

·         Toyoda Gosei

·         Freescale Semiconductor

·         Navteq

·         Valeo

Market has segmented the global Automotive Active Safety System market on the basis of type, application, and region:

The Automotive Active Safety System market is segmented by type and application. Growth between segments over the period 2022-2028 provides accurate calculations and forecasts of revenue by type and application in terms of volume and value. This analysis can help you expand your business by targeting eligible niches.

Download a Free Sample Copy of the Market Report:- 

https://introspectivemarketresearch.com/request/3548

By Type:

·         Anti-lock Braking System (ABS)

·         Lane Departure Warning System (LDWS)

·         Driver Monitoring System (DMS)

·         Adaptive Cruise Control (ACC)

·         Tire Pressure Monitoring System (TPMS)

·         Electronic Stability Control (ESC)

 By Application:

·         Passenger Vehicles

·         Commercial Vehicles

·         Others

 By Regional Outlook

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:

The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols ranging from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Automotive Active Safety System Market have experienced slowdown the growth, however market is expected bounce back as restrictions are being lifted up by governments across the globe. 

Report covered the major key points:

·         Explore key findings of the overall market

·         Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)

·         Market Segmentation caters to a thorough assessment of key segments with their market estimations

·         Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share

·         Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.

·         Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.

·         Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

If You Have Any Query of Automotive Active Safety System Market Report, Visit.@

https://introspectivemarketresearch.com/inquiry/3548

About us:

Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assisting our clients to grow and have a successful impact on the market. Our team at IMR is ready to assist our clients to flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, that specializes in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyze extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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