Overview
Car Safety Market is forecast to reach $258.3
billion by 2025, at a CAGR of 10.6% during 2020-2025. Increased number of
accidents, increasing vehicle safety concerns and stringent government
regulations in different regions are some of the reasons which drive the
market. In 2018, according to the report given by National
Safety Council (NSC) of U.S. an estimated
40,000 people lost their lives to car crashes and about 4.5 million people were
severely injured. Similarly around 25,100 road fatalities were reported
by the 28 EU States. Rise in the accidents made the government to implement stringent
regulations. For instance in 2018 National Highway Traffic Safety Administration (NHTSA) of U.S.
Made stringent regulations for car safety. Such regulations are likely to decrease the rise in
accidents and create demand for car safety market in the forecast period.
Report Coverage
The report: “Car Safety Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Car Safety Market.
Key Takeaways
- Asia-Pacific dominates the Car safety market owing to rising production of automobiles and stringent regulatory norm on reducing fatality rate.
- The active automotive safety systems is expected to grow at a CAGR of around 9% in the forecast period owing to its advantages of helping driver to control the vehicle, prevent or mitigate road accidents.
- Drop In the production and sales of cars in United States and other developed market will hinder the growth of car safety market.
- Major players in Car safety Market include Continental AG, ZF TRW Automotive Holdings Corporation, Autoliv Inc., Toyoda Gosei Co. Ltd. Denso Corporation, Takata Corporation, Valeo Johnson Electric Holdings Limited Company, Delphi Automotive PLC., and Robert Bosch GmbH.
Type - Segment Analysis
The active automotive safety
systems is expected to grow at a CAGR of around 9.20% in the forecast period
owing to its advantages such as
anti-lock braking, electronic stability control or traction control of the vehicle and it also prevent or
mitigate road accidents by improving overall driving experience under different
road conditions and situations. Government of several countries made strict
regulations to deploy car safety features. For instance, according to New Car Assessment Program (NCAP) in India, it is
mandatory to deploy car active safety features by 2018. In addition to that,
pedestrian safety norms were also made mandatory for all newly launched cars
from October 2018. Similarly Europe NCAP made stringent regulations to
integrate active safety features to avoid or mitigate the accidents. These kind
of regulations will create opportunities for active safety systems thereby
creating demand for car safety market.
By Occupant type - Segment Analysis
Occupant type segment is
likely to witness highest CAGR of 8.8% in the forecast period owing to the
increasing number of road accidents which further lead to severe fatalities in
the human body and rise in the number of awareness programs regarding safety
amongst the consumers would propel the market growth during the forecast
period. On the other hand, consumers are rapidly shifting towards spending more
on the various safety features available in their cars due to rising disposable
incomes. It is opening the door to investment opportunities for industry
giants. In addition, manufacturers provide active and passive safety systems in
the automotive sector to provide better driving experience and customer
comfort, which will lead to the enhancement of driving experience and comfort
to the consumers, thereby creating opportunities for automotive safety market
growth.
Geography - Segment Analysis
In 2018, APAC dominated the Car Safety market share with
more than 39.5%, followed by North America and Europe. The economy of APAC is majorly influenced by the countries such as China
and India. In these countries, the government are aggressively implementing stringent
government regulations and several favourable policies.For Instance, In India, the government allowed 100% foreign direct investment without minimum investment standards for the automotive sector
in 2018. Similarly,
China is continuously creating awareness among public about car safety by
several advertisements. These kind of regulations and awareness programs will
enforce automobile manufacturers to implement new technology to achieve safety
standards in car, thereby creating opportunity for car safety market.
Drivers –Car Safety Market
· Growing demand for Intelligent braking system in cars
Intelligent braking system (IBS) in all commercial cars and passenger cars are garnering new attention as the end users are looking for optimizing performance. Cars fitted with the have sensors that constantly monitor the conditions of the vehicle, and respond in an emergency situation. An intelligent mechatronic system includes an ultrasonic wave emitter and ultrasonic receiver producing and emitting ultrasonic waves frontward in a predetermined distance and gives the distance between the obstacle and the vehicle. Then a microcontroller is used to control the speed of the vehicle based on the detection pulse information to push the brake pedal and apply brake to the car stupendously for safety purpose. Several countries have made stringent regulations to integrate intelligent braking system, for instance forty countries led by Japan and Europe have agreed to require new cars and light commercial vehicles to be equipped with automated braking system by 2019. This is likely to create new opportunity for cars with IBS, thereby creating demand for Car safety market.
·
Implementation
of Stringent Environment and fuel efficiency Regulations
The demanding
requirement from consumers and regulatory bodies are bringing disruption in the
automotive industry, with new technological innovations. At present, the government
of several countries are focusing on reducing the number of accidents by
integrating active and passive safety systems in to cars. In 2019 Government of
U.K. committed to mandate technologies such as intelligent speed assistance (ISA),
advanced emergency braking (AEB) and lane-keeping technology in the cars by
2022. Similarly, several countries like China, India U.S. made stringent
regulations for automobile manufacturers to integrate passive and active safety
systems in new cars by 2020. These regulations are aiming at reducing
the accidents. So, most of the manufacturers are deploying technology like
active and passive safety systems in automobiles to achieve the same, thereby
increase the demand for Car safety market.
Challenges – Car safety Market
·
Drop in sales and productions of cars.
The production and sales of cars are witnessing sluggish
growth since 2016 owing to economy slow down and various government financial
reformation activities worldwide. For instance, the rise in the Federal Reserve
Interest rate has slowed down the sales of vehicles in the U.S. Since 2016. The
production has also been declining during this period. In 2019, Global car
sales are expected to fall by about 3.1 million. In 2019, Ford reported new vehicle sales down by
approximately 28.75% in China. GM reported a sales down by 0.9%-1.2%. This
could create a possibility of contraction of automotive market in the U.S.,
which will negatively affect the automotive Car safety market growth.
Market Landscape
Partnership,
acquisitions and technology launches are key strategies adopted by players in
the Car safety Market. In 2018, the market of Car safety industry outlook has
been consolidated by the top five players accounting for 55% of the market
share. Car
safety top 10 companies include Continental AG, ZF TRW Automotive Holdings Corporation, Autoliv Inc., Toyoda Gosei Co.
Ltd. Denso Corporation, Takata Corporation, Valeo Johnson Electric Holdings Limited Company, Delphi Automotive PLC., and Robert Bosch GmbH.
Acquisitions/Technology Launches
Ø In May 2016,
German auto supplier ZF Friedrichshafen AG completed its $12.4 billion
acquisition of safety systems supplier TRW Automotive Holdings Corp.
Ø
In
June 2018, Auto components maker Key Safety Systems
completed a $1.6 billion deal to acquire air-bag maker Takata Corporation for car safety components.
LIST OF TABLES
1.Global Passenger Safety Systems By Occupant Type Market 2019-2024 ($M)1.1 Adult Occupant Market 2019-2024 ($M) - Global Industry Research
1.1.1 Driver Safety Market 2019-2024 ($M)
1.1.2 Passenger Safety Market 2019-2024 ($M)
1.2 Pedestrian Safety Market 2019-2024 ($M) - Global Industry Research
1.2.1 Active Hood & Bumper Market 2019-2024 ($M)
1.2.2 Pedestrian Protection Airbags Market 2019-2024 ($M)
1.3 Child Safety Market 2019-2024 ($M) - Global Industry Research
1.3.1 Seats Market 2019-2024 ($M)
1.3.2 Isofix Market 2019-2024 ($M)
1.4 Safety Assistance Systems Market 2019-2024 ($M) - Global Industry Research
1.4.1 Electronic Stability Control Market 2019-2024 ($M)
1.4.2 Autonomous Emergency Braking Market 2019-2024 ($M)
1.4.3 Adaptive Cruise Control Market 2019-2024 ($M)
1.4.4 Blind Spot Detection System Market 2019-2024 ($M)
1.4.5 Lane Departure Warning System Market 2019-2024 ($M)
1.4.6 Parking Assistance System Market 2019-2024 ($M)
1.4.7 Heads-Up Display Market 2019-2024 ($M)
2.Global Passenger Safety Systems By Occupant Type Market 2019-2024 (Volume/Units)
2.1 Adult Occupant Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Driver Safety Market 2019-2024 (Volume/Units)
2.1.2 Passenger Safety Market 2019-2024 (Volume/Units)
2.2 Pedestrian Safety Market 2019-2024 (Volume/Units) - Global Industry Research
2.2.1 Active Hood & Bumper Market 2019-2024 (Volume/Units)
2.2.2 Pedestrian Protection Airbags Market 2019-2024 (Volume/Units)
2.3 Child Safety Market 2019-2024 (Volume/Units) - Global Industry Research
2.3.1 Seats Market 2019-2024 (Volume/Units)
2.3.2 Isofix Market 2019-2024 (Volume/Units)
2.4 Safety Assistance Systems Market 2019-2024 (Volume/Units) - Global Industry Research
2.4.1 Electronic Stability Control Market 2019-2024 (Volume/Units)
2.4.2 Autonomous Emergency Braking Market 2019-2024 (Volume/Units)
2.4.3 Adaptive Cruise Control Market 2019-2024 (Volume/Units)
2.4.4 Blind Spot Detection System Market 2019-2024 (Volume/Units)
2.4.5 Lane Departure Warning System Market 2019-2024 (Volume/Units)
2.4.6 Parking Assistance System Market 2019-2024 (Volume/Units)
2.4.7 Heads-Up Display Market 2019-2024 (Volume/Units)
3.North America Passenger Safety Systems By Occupant Type Market 2019-2024 ($M)
3.1 Adult Occupant Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Driver Safety Market 2019-2024 ($M)
3.1.2 Passenger Safety Market 2019-2024 ($M)
3.2 Pedestrian Safety Market 2019-2024 ($M) - Regional Industry Research
3.2.1 Active Hood & Bumper Market 2019-2024 ($M)
3.2.2 Pedestrian Protection Airbags Market 2019-2024 ($M)
3.3 Child Safety Market 2019-2024 ($M) - Regional Industry Research
3.3.1 Seats Market 2019-2024 ($M)
3.3.2 Isofix Market 2019-2024 ($M)
3.4 Safety Assistance Systems Market 2019-2024 ($M) - Regional Industry Research
3.4.1 Electronic Stability Control Market 2019-2024 ($M)
3.4.2 Autonomous Emergency Braking Market 2019-2024 ($M)
3.4.3 Adaptive Cruise Control Market 2019-2024 ($M)
3.4.4 Blind Spot Detection System Market 2019-2024 ($M)
3.4.5 Lane Departure Warning System Market 2019-2024 ($M)
3.4.6 Parking Assistance System Market 2019-2024 ($M)
3.4.7 Heads-Up Display Market 2019-2024 ($M)
4.South America Passenger Safety Systems By Occupant Type Market 2019-2024 ($M)
4.1 Adult Occupant Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Driver Safety Market 2019-2024 ($M)
4.1.2 Passenger Safety Market 2019-2024 ($M)
4.2 Pedestrian Safety Market 2019-2024 ($M) - Regional Industry Research
4.2.1 Active Hood & Bumper Market 2019-2024 ($M)
4.2.2 Pedestrian Protection Airbags Market 2019-2024 ($M)
4.3 Child Safety Market 2019-2024 ($M) - Regional Industry Research
4.3.1 Seats Market 2019-2024 ($M)
4.3.2 Isofix Market 2019-2024 ($M)
4.4 Safety Assistance Systems Market 2019-2024 ($M) - Regional Industry Research
4.4.1 Electronic Stability Control Market 2019-2024 ($M)
4.4.2 Autonomous Emergency Braking Market 2019-2024 ($M)
4.4.3 Adaptive Cruise Control Market 2019-2024 ($M)
4.4.4 Blind Spot Detection System Market 2019-2024 ($M)
4.4.5 Lane Departure Warning System Market 2019-2024 ($M)
4.4.6 Parking Assistance System Market 2019-2024 ($M)
4.4.7 Heads-Up Display Market 2019-2024 ($M)
5.Europe Passenger Safety Systems By Occupant Type Market 2019-2024 ($M)
5.1 Adult Occupant Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Driver Safety Market 2019-2024 ($M)
5.1.2 Passenger Safety Market 2019-2024 ($M)
5.2 Pedestrian Safety Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Active Hood & Bumper Market 2019-2024 ($M)
5.2.2 Pedestrian Protection Airbags Market 2019-2024 ($M)
5.3 Child Safety Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Seats Market 2019-2024 ($M)
5.3.2 Isofix Market 2019-2024 ($M)
5.4 Safety Assistance Systems Market 2019-2024 ($M) - Regional Industry Research
5.4.1 Electronic Stability Control Market 2019-2024 ($M)
5.4.2 Autonomous Emergency Braking Market 2019-2024 ($M)
5.4.3 Adaptive Cruise Control Market 2019-2024 ($M)
5.4.4 Blind Spot Detection System Market 2019-2024 ($M)
5.4.5 Lane Departure Warning System Market 2019-2024 ($M)
5.4.6 Parking Assistance System Market 2019-2024 ($M)
5.4.7 Heads-Up Display Market 2019-2024 ($M)
6.APAC Passenger Safety Systems By Occupant Type Market 2019-2024 ($M)
6.1 Adult Occupant Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Driver Safety Market 2019-2024 ($M)
6.1.2 Passenger Safety Market 2019-2024 ($M)
6.2 Pedestrian Safety Market 2019-2024 ($M) - Regional Industry Research
6.2.1 Active Hood & Bumper Market 2019-2024 ($M)
6.2.2 Pedestrian Protection Airbags Market 2019-2024 ($M)
6.3 Child Safety Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Seats Market 2019-2024 ($M)
6.3.2 Isofix Market 2019-2024 ($M)
6.4 Safety Assistance Systems Market 2019-2024 ($M) - Regional Industry Research
6.4.1 Electronic Stability Control Market 2019-2024 ($M)
6.4.2 Autonomous Emergency Braking Market 2019-2024 ($M)
6.4.3 Adaptive Cruise Control Market 2019-2024 ($M)
6.4.4 Blind Spot Detection System Market 2019-2024 ($M)
6.4.5 Lane Departure Warning System Market 2019-2024 ($M)
6.4.6 Parking Assistance System Market 2019-2024 ($M)
6.4.7 Heads-Up Display Market 2019-2024 ($M)
7.MENA Passenger Safety Systems By Occupant Type Market 2019-2024 ($M)
7.1 Adult Occupant Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Driver Safety Market 2019-2024 ($M)
7.1.2 Passenger Safety Market 2019-2024 ($M)
7.2 Pedestrian Safety Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Active Hood & Bumper Market 2019-2024 ($M)
7.2.2 Pedestrian Protection Airbags Market 2019-2024 ($M)
7.3 Child Safety Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Seats Market 2019-2024 ($M)
7.3.2 Isofix Market 2019-2024 ($M)
7.4 Safety Assistance Systems Market 2019-2024 ($M) - Regional Industry Research
7.4.1 Electronic Stability Control Market 2019-2024 ($M)
7.4.2 Autonomous Emergency Braking Market 2019-2024 ($M)
7.4.3 Adaptive Cruise Control Market 2019-2024 ($M)
7.4.4 Blind Spot Detection System Market 2019-2024 ($M)
7.4.5 Lane Departure Warning System Market 2019-2024 ($M)
7.4.6 Parking Assistance System Market 2019-2024 ($M)
7.4.7 Heads-Up Display Market 2019-2024 ($M)
LIST OF FIGURES
1.US Car Safety Market Revenue, 2019-2024 ($M)2.Canada Car Safety Market Revenue, 2019-2024 ($M)
3.Mexico Car Safety Market Revenue, 2019-2024 ($M)
4.Brazil Car Safety Market Revenue, 2019-2024 ($M)
5.Argentina Car Safety Market Revenue, 2019-2024 ($M)
6.Peru Car Safety Market Revenue, 2019-2024 ($M)
7.Colombia Car Safety Market Revenue, 2019-2024 ($M)
8.Chile Car Safety Market Revenue, 2019-2024 ($M)
9.Rest of South America Car Safety Market Revenue, 2019-2024 ($M)
10.UK Car Safety Market Revenue, 2019-2024 ($M)
11.Germany Car Safety Market Revenue, 2019-2024 ($M)
12.France Car Safety Market Revenue, 2019-2024 ($M)
13.Italy Car Safety Market Revenue, 2019-2024 ($M)
14.Spain Car Safety Market Revenue, 2019-2024 ($M)
15.Rest of Europe Car Safety Market Revenue, 2019-2024 ($M)
16.China Car Safety Market Revenue, 2019-2024 ($M)
17.India Car Safety Market Revenue, 2019-2024 ($M)
18.Japan Car Safety Market Revenue, 2019-2024 ($M)
19.South Korea Car Safety Market Revenue, 2019-2024 ($M)
20.South Africa Car Safety Market Revenue, 2019-2024 ($M)
21.North America Car Safety By Application
22.South America Car Safety By Application
23.Europe Car Safety By Application
24.APAC Car Safety By Application
25.MENA Car Safety By Application
26.Continental AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Denso Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Robert Bosch GmbH, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Delphi Automotive PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Autoliv Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Johnson Electric Holdings Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Takata, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Valeo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.ZF TRW Automotive Holdings Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)