Global Automotive Safety Vehicle Technology Market size was valued US$ xx Mn. in 2019 and the total revenue is expected to grow about 4.8% from 2020 to 2027, reaching nearly US$ xx Mn.
Global Automotive Safety Vehicle Technology Market
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Global Automotive Safety Vehicle Technology Market: Overview
Advanced safety vehicle technology is used in vehicle to enhance vehicle safety and minimize chances of a collision. Advanced safety technology is utilizing combine functionality of mechanical and electronic components. This system incorporates IoT platform to control and to regulate vehicle safely. The Road Accident Prevention International Organization accounted that the 90% of the road accidents are caused by human errors, which can be reduced by using Automotive Safety Vehicle Technology in vehicles.
Lane Keep Assist (LKAS) & Blind Spot Detection (BSD) segment is forecasted to expand at xx% CAGR
The Blind Spot detection system gives audio and visual signal or warning to the driver when the adjacent lane vehicle is approaching and driver has blind spot. The Blind Spot detection system helps driver and minimizes the risk of collision of vehicles. Vehicle manufacturers prefer to incorporate this function in their vehicle. Lane Keep Assistance technology helps driver in keeping lane, this technology detects the marking on the road and informs the driver when changing lane, which minimizes the risk of collision. These safety features are rising Global Automotive Safety Vehicle Technology Market.
Global Automotive Safety Vehicle Technology Market1
Global Automotive Safety Vehicle Technology Market2
Global Automotive Safety Vehicle Technology Market: Drivers and Restraints
Advance safety vehicle technology is expected to grow with increasing production of vehicle and rising demand of passenger vehicle will drive demand of vehicle safety devices.
The Automotive Safety Vehicle Technology helps in reducing chances of collision and provide safer environment for driving of vehicle. Awareness among customers for new safety devices is increasing incorporation of these devices in vehicles.
The Volvo has vision to create Zero fatalities and General Motors says in their vision “Zero Crash, Zero Emission, Zero Congestion” which shows their long term vision. Drive focus of customer towards safety and creating safety as priority while buying vehicle.
Government is creating more stringent vehicle norms for on road safety globally, this mandates manufacturers to install safety system in vehicle, also competition among automakers to develop safest car is anticipated to drive Global Automotive Safety Vehicle Technology Market.
The Automotive Safety Vehicle Technology is expensive and this system has many autonomous functions that eventually comes with malfunction of this system may lead to severe accident is the key restraint of global automotive safety vehicle technology market.
Global Automotive Safety Vehicle Technology Market: Regional Overview
The Global Automotive Safety Vehicle Technology Market is segmented by various regions such as North America, Europe, Middle East & Africa, South America, and Asia Pacific. The North America and Europe have dominance over the Global Automotive Safety Vehicle Technology Market. The safety equipment market is increasing and also showing significant growth during recent years. Development activities are going in the sector of electronic system in atomization in industries majorly driving market growth of Automotive Safety Vehicle Technology.
Asia Pacific region is largest growing Automotive Safety Vehicle Technology market, owing to the growth of the on road traffic. National Highway Traffic Safety Administration, US collected crash data which indicated that about 88% of rear collisions caused due to drivers negligence, or while following a vehicle closely. WHO in their global road safety report 2017 stated that the increment in 1% of speed increases the risk of fatality about 4% and Crash about 3%, and 27% of fatalities .
The objective of the report is to present a comprehensive analysis of the Global Automotive Safety Vehicle Technology Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes Market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Automotive Safety Vehicle Technology Market dynamics, structure by analyzing the market segments and projects the Automotive Safety Vehicle Technology Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Automotive Safety Vehicle Technology Market make the report investor’s guide..
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Scope of the Automotive Safety Vehicle Technology Market: Inquire before buying
Global Automotive Safety Vehicle Technology Market, by Technology
• Automatic Emergency Braking
• Pedestrian Detection
• Lane Departure Warning
• Blind Sport Warning
• Active roll mitigation
• Forward Collision Warning
Global Automotive Safety Vehicle Technology Market, by Component Type
• Camera Unit
Global Automotive Safety Vehicle Technology Market, by Vehicle Type
• Commercial Vehicles
• Passenger Vehicles
Global Automotive Safety Vehicle Technology Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Key players operating in Automotive Safety Vehicle Technology Market
• Continental AG
• Robert Bosch GmbH
• Harman International Industries
• NVIDA Corporation
• Mobileye N.V.
• Renesas Elecronics
• Texas Instruments
• TOYODA GOSEI Co. Ltd
• ZF Friedrichshafen AG
• Magna International
• Delphi Automotive PLC (Aptiv PLC)
• Denso Corporation
• Autoliv Inc.
• Johnson Electric Holdings Limited
• Takata Corporation
• Mobileye N.V.
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