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Automotive Safety System - Global Market Trajectory & Analytics

  • ID: 4804396
  • Report
  • April 2021
  • Region: Global
  • 376 pages
  • Global Industry Analysts, Inc
Global Automotive Safety System Market to Reach $165.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Automotive Safety System estimated at US$96 Billion in the year 2020, is projected to reach a revised size of US$165.4 Billion by 2027, growing at a CAGR of 8.1% over the period 2020-2027. Active, one of the segments analyzed in the report, is projected to record 8.9% CAGR and reach US$104 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive segment is readjusted to a revised 6.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $25.9 Billion, While China is Forecast to Grow at 12.2% CAGR

The Automotive Safety System market in the U.S. is estimated at US$25.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$38 Billion by the year 2027 trailing a CAGR of 12.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 7.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Select Competitors (Total 46 Featured):
  • Aptiv PLC
  • Autoliv, Inc.
  • Continental AG
  • Denso Corporation
  • Hyundai Mobis Co., Ltd.
  • Infineon Technologies AG
  • Magna International, Inc.
  • Robert Bosch GmbH
  • Valeo SA
  • ZF Friedrichshafen AG
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Automotive Safety System: An Introduction
  • Top Car Safety Features
  • Automotive Safety System: Current Market Scenario and Outlook
  • India
  • Impact of Covid-19 and a Looming Global Recession
  • Major Factors to Accelerate the Automotive Safety System Market
  • Government Mandates Drives Increased Demand for Automotive Safety System Market
  • Driver Monitoring System (DMS): A Must Have Technology for Automotive Safety System
  • Growing Concerns over Cost of New Safety Features in High-tech Cars to Hamper the Automotive Safety System Market
  • The Risk of Software Failures to Restrain the Automotive Safety System Market
  • Autonomous Vehicles: A New Opportunity of Automotive Safety System Market
  • Electric Vehicles That Offer Advanced Safety Systems
  • Challenges of Automotive Cybersecurity Threat in Safety System Market
  • Top Luxury Cars with Automotive Safety System
  • Innovations

  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown