Northrook, IL -- (SBWIRE) -- 12/05/2019 -- The Automotive Safety System Market is estimated to be USD 82.80 billion in 2017 and is projected to reach USD 169.46 billion by 2025. The market, in terms of value, is estimated to grow at a CAGR of 9.36% from 2017 to 2025. The government regulations pertaining to vehicle safety and the growing demand for a safer, efficient, and convenient driving experience are the key factors driving market growth.

The report analyzes all major tier I suppliers in the automotive safety system market. Robert Bosch (Germany), Continental (Germany), Denso (Japan), and Delphi (UK) are some of the leading suppliers in the automotive safety system market.

Opportunities:
- The advent of Autonomous Vehicles
- Rising Demand for Electric Vehicles

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The automotive safety system market has promising growth potential due to several factors, including the increasing demand for a safe, efficient, and convenient driving experience; rising disposable income in emerging economies; and stringent safety regulations across the globe. Owing to the high adoption rate of active and passive safety technologies, developed countries such as the US, Germany, and UK are estimated to have a significant market share of automotive safety systems. Furthermore, Europe and North America have some of the most stringent safety regulations. For instance, in November 2014, General Safety Regulation No 661/2009 of the European Parliament and Council mandated driver seatbelt reminders and tire pressure monitoring systems in all new cars sold in Europe. Also, from 1st November 2015, all new trucks and buses were required to be equipped with advanced emergency braking systems along with lane departure warning systems.

The increasing government regulations pertaining to active safety systems and growing demand for the autonomous vehicle will contribute to the growth of the automotive safety system market for the active safety system segment. Vehicles are being equipped with advanced active safety features such as blind-spot detection (BSD), lane departure warning systems (LDWS), and automatic emergency braking (AEB). Auto manufacturers have started to roll out vehicles with semi-autonomous vehicle technology, which is the intermediate step toward autonomous driving.

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The Asia Pacific region is estimated to hold the largest share, by value, of the automotive safety system market. The demand for the automotive safety system in this region is triggered by increasing vehicle production in developing nations such as China and India and the increasing number of luxury vehicles in countries such as China and Japan. This region is also the leading producer of automobiles in the world.

Target Audience:

- Automobile manufacturers
- Distributors and suppliers of automotive safety systems
- Industry associations and automotive experts
- Automotive safety feature manufacturers
- Automotive component manufacturers
- Autonomous vehicle software providers
- Electric vehicle manufacturers
- Automotive technology providers
- Tier 1, Tier 2, and Tier 3 suppliers

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