NEW YORK, United States, May 31, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Car Safety Market By Type (Active Safety And Passive Safety), By Occupant Type (Adult Occupant, Pedestrian Safety, Child Safety, And Safety Assistance Systems), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.
“According to the latest research study, the demand of global Car Safety Market size & share in terms of revenue was valued at USD 129.4 billion in 2022 and it is expected to surpass around USD 267.5 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 9.5% during the forecast period 2023 to 2030.”
Car Safety Market Report Overview:
The rules that apply to automobile cars, safety systems, and production tools are known as "car safety regulations." The primary goal of enforcing such restrictions is to reduce the frequency of car accidents. In many nations, active safety features are required in cars, and these regulations help to prevent accidents of this nature. Anti-lock brakes, electronic stability control, tyre pressure monitoring, and other subsystems make up active safety systems. Seat belts and airbags are examples of passive safety measures that can lower the chance of injuries in an accident.
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Our Free Sample Report Consists of the Following:
- Introduction, Overview, and in-depth industry analysis are all included in the updated report.
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends
- Includes Tables and figures have been updated
- The latest version of the report includes the Top Industry Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Zion Market Research Methodology
Car Safety Market: Growth Factors
- Rising demand for cars with intelligent braking systems drives the market growth
Intelligent braking systems (IBS) in all commercial and passenger cars are receiving increased attention as end users look to maximize performance. They have sensors that continuously monitor the vehicle's conditions and react in an emergency. An intelligent mechatronic system generates and emits ultrasonic waves frontward at a predetermined distance, indicating the separation between the barrier and the car. The car's speed is then controlled by a microprocessor using the data from the detection pulse in order to depress the stop pedal and perform harsh braking on the vehicle for safety purposes.
Numerous countries have put in place stringent legislation requiring the use of sophisticated braking systems. For instance, by 2019, the installation of autonomous braking systems in new cars and light commercial vehicles will be required by 40 countries, led by Japan and Europe. This will undoubtedly provide new prospects for IBS-equipped automobiles and raise demand for the automotive safety sector.
Car Safety Market: Growth Factors
- Drop in sales and production of cars hinders the industry from growing
Due to the global economic slump and several government financial reform programmes, there has been a decrease in car production and sales since 2016. For instance, the United States' vehicle sales have decreased since 2016 as a result of the Federal Reserve's increased interest rate. Additionally, output has been declining during this time. In 2019, it is expected that vehicle sales would fall globally by roughly 3.1 million units.
According to Ford, the number of new car sales in China fell by roughly 28.75% in 2019. Sales were down 0.9% to 1.2% for GM. As a result, the possible decline of the American car market will negatively affect the growth of the automotive safety market.
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Report Scope:
| Report Attribute | Report Details |
| Market Size in 2022 | USD 129.4 Billion |
| Market Forecast in 2030 | USD 267.5 Billion |
| Growth Rate | CAGR of 9.5% |
| Base Year | 2022 |
| Forecast Years | 2023- 2030 |
| Key Companies Covered | Robert Bosch, Schaeffler AG, Denso Corporation, Infineon, Continental AG, Delphi Automotive Plc, Magna International, ZF Friedrichshafen AG, Hyundai Mobis, Toyota Boshoku Corp., Mitsubishi Electric Corp., Ryobi, Valeo SA, Autoliv Inc. and Tata Motors among others. |
| Segments Covered | By Type, By Occupant Type, and By Region |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Segmentation Analysis:
The global car safety industry is segmented based on the type, occupant type, and region.
- Active safety is anticipated to rule over the market through the projected time frame
Based on the type, the global market is bifurcated into active safety and passive safety. The active safety segment is expected to dominate the market over the forecast period due to its benefits, such as anti-lock brakes, electronic stability control, or traction control, it also prevents or mitigates traffic accidents by enhancing the general driving experience in a variety of conditions. Several governments have enacted stringent laws requiring the installation of safety features in vehicles.
- Adult occupant segment is likely to dominate the market during the forecast period
Based on the end user, the market is segmented into adult occupant, pedestrian safety, child safety, and safety assistance systems. The adult occupant segment is expected to account for the largest market share during the forecast period. The increase in the number of consumer safety awareness programs and the rising number of road accidents that further result in severe fatalities in the human body will drive the market's development during the forecast period.
The global car safety market is segmented as follows:
By Type
- Active Safety
- Passive Safety
By Occupant Type
- Adult Occupant
- Pedestrian Safety
- Child Safety
- Safety Assistance Systems
Browse this Full Research Report | Car Safety Market By Type, By Occupant Type, and By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030
Competitive Landscape:
Some of the main competitors dominating the global car safety market include -
- Robert Bosch
- Schaeffler AG
- Denso Corporation
- Infineon
- Continental AG
- Delphi Automotive Plc
- Magna International
- ZF Friedrichshafen AG
- Hyundai Mobis
- Toyota Boshoku Corp.
- Mitsubishi Electric Corp.
- Ryobi
- Valeo SA
- Autoliv Inc.
- Tata Motors
Key Insights from Primary Research:
- According to the analysis shared by our research analyst, the Car Safety market is likely to expand at a CAGR of 9.5% during the forecast period (2023-2030).
- In terms of revenue, the Car Safety market size was valued at around US$ 129.4 billion in 2022 and is projected to reach US$ 267.5 billion by 2030.
- Some of the factors driving the market are an increase in accidents, an increase in vehicle safety concerns, and strict government regulations in different regions.
- Based on the type, the active safety segment is expected to dominate the market over the forecast period.
- Based on the occupant type, the adult occupant segment is expected to account for the largest market share during the forecast period.
- Based on region, North America is expected to dominate the market during the forecast period.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Car Safety industry?
- What are the main driving factors propelling the Car Safety Market forward?
- What are the leading companies in the Car Safety Industry?
- What segments does the Car Safety Market cover?
- How can I receive a free copy of the Car Safety Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Type, By Occupant Type, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
- North America is expected to dominate the market during the forecast period
The global market for car safety is anticipated to be dominated by North America during the forecast period. The rise of electric vehicles in the automotive industry will lead to the introduction of more autonomous vehicles in a variety of areas. The possibility that the current market for safety systems will extend and grow rises along with the availability of more autonomous vehicles. Due to the fact that the majority of cars in North America now come with the majority of safety systems, the market has grown crowded compared to how it was a few years ago.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Recent Developments:
- In May 2020, a German technology firm called ZF Friedrichshafen AG Company acquired WABCO. The deal will help ZF advance the market's current digital platforms and establish itself as a global champion in commercial automotive systems. For heavy-duty commercial cars, WABCO Vehicle Control Systems, a US-based business, offers electronic braking, stability, suspension, and transmission automation systems.
- In December 2021, the world's first system that combines outstanding HMI (Human-Machine Interface) technology with cutting-edge driver and occupant monitoring will be made available by Behr-Hella Thermocontrol GmbH (BHTC), a joint venture between Hella and MAHLE Behr GmbH & Co. KG. The display and climate control devices from BHTC can include cameras that watch for driving distraction, drowsiness, and sudden sickness and will sound an alarm.
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