Global Vehicle Safety System Market Overview:
The vehicle safety system is a special technology developed to ensure the safety and security of vehicle and their passengers. It covers all those systems that prevent or limit the effects of accidents involving road vehicles. According to the World Health Organization (WHO), 80% of cars sold in the world are not compliant with main safety standards. The improvement in the vehicle safety systems is reducing the injuries and death rate during motor vehicle accidents. Some of the key players profiled in the study are Robert Bosch GmbH (Germany), Delphi (United Kingdom), Continental AG (Germany), Denso Corporation (Japan), Magna International Inc. (Canada), Infineon Technologies (Germany), TRW Automotive (United States), Autoliv Inc. (United States), Johnson Electric Holdings Limited (Hong Kong) and Takata Corporation (Japan).
On the basis of geography, the market of Vehicle Safety System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Active Safety System will boost the Vehicle Safety System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Software will boost the Vehicle Safety System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Governments Rule and Regulations about Passenger Security Is Driving The Market Of Vehicle Safety System, Along With Increasing Demand for Vehicles with Advanced Safety Features. Also There Is Occurrence Of Road Accidents Which Is Increasing Worldwide.
- High Demand For Active Safety Systems
- Complex and Expensive Features of Safety Systems
- Growing Automobile Industry Worldwide
- Rising Demand for Electric Vehicles and Autonomous Vehicles
- Chance of Software Failure in Applications
- Security Threats of the User
Major Market Developments:
On 6th Jun 2019, Harman International, a wholly-owned subsidiary of Samsung Electronics focused on connected technologies for automotive, consumer and enterprise markets, unveiled a new ‘Dual-Mode V2X’ system, aimed at enhancing automotive safety. The flexible telematics system features both software and hardware and taps into DSRC (dedicated short range communication) and cellular (5G) Vehicle-to-Everything (C-V2X) networks, removing the guesswork for numerous safety system setups.
Vehicle Safety System Manufacturers, Component Supplier, Distributors, Research Institutes, Government Body & Associations and End-user
Major Objectives Focused through this Study
To define, describe, and forecast the Global Vehicle Safety System market on the basis of product [Active and Passive] , application [Passenger Vehicle and Commercial Vehicle], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Vehicle Safety System market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Vehicle Safety System industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Mobileye N.V. (Israel), Takata Corporation (Japan), Nihon Plast Co., Ltd (Japan), Hyundai Mobis (South Korea) and Johnson Controls (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Vehicle Safety System market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.