The global car safety systems market is estimated to be USD 93.73 billion in2015, and is projected to reach 152.59 billion by 2020, growing at a CAGR of 10.24%. The car safety systems market has witnessed considerable growth in countries such as the U.S., China, India, and Mexico, owing to increasing vehicle electrification, rising vehicle production, and increasingly stringent safety norms.Complete report on car safety market spread across 130 pages, profiling 10 companies and supported with 39 tables and 46 figures is now available at:
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Active safety systems play a key role in preventing incidents and accidents, whereas passive safety systems help to mitigate negative consequences in the event of a crash. Active safety systems consist of various subsystems, such as anti-lock braking, electronic stability control, and tire pressure-monitoring systems. All these systems are triggered at different times, based on circumstances, to prevent accidents.
Asia-Pacific is projected to grow at the highest CAGR during the forecast period, as a result of the high demand for vehicles, especially from countries such as China and India. Several OEMs are investing in the region, prompted by factors such as the expanding middle class and the young demographic. Passenger car production is expected to grow in countries such as China and India, owing to availability of cheap labor and favorable government policies (for instance, the Government of India has allowed 100% foreign direct investment (FDI) with no minimum investment criteria for the automotive sector).The region also houses OEMs such as Toyota (Japan), Hyundai Motor Company (South Korea), and Honda Motor Company (Japan). Additionally, certain countries in Asia-Pacific, such as South Korea and Japan, have strong technological capabilities.
The passenger safety systems market is dominated by a few globally established companies such as Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), and Toyoda Gosei Co. Ltd. (Japan). These companies have consistently adopted growth strategies such as new product development, expansions, mergers, and joint ventures to gain traction in the passenger safety market. Ask for a discount before order a copy of Car Safety Market by System Type (Active Safety & Passive Safety), Safety Regulations by Region (APAC, Europe, North America & Rest of the World), Impact Analysis (Overall Market OEM, Tier I & Consumer) – Trends & Forecast to 2020 research report at:
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This report provides an in-depth industry analysis, including industry trends, and company profiles, which together comprise and detail the basic views on the emerging and high-growth segments of the car safety systems market, competitive landscape, drivers, restraints, challenges, high-growth regions and countries, and government initiatives.
The report will enable new entrants/smaller firms, as well as established firms, to understand the market, which in turn, will help the firms to acquire a larger market share. Firms purchasing the report could use any one or a combination of the below-mentioned four strategies (market development, product development/innovation, market diversification, and competitive assessment) to strengthen their position in the market.
On a related note, another research titled with Road Safety Market Global Forecast to 2020 says, the market road safety size is expected to grow from USD 2.35 billion in 2015 to USD 3.63 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 9.1%. Major factors contributing to the growth of road safety market are- increasing road accident/fatality rates and growing government regulations and standards for road safety across the globe.
Companies like Jenoptik, Kapsch AG, Redflex Holdings Limited, Morpho (Safran), American Traffic Solutions (ATS), Information Engineers Group Inc., Sensys Gato Group AB, Motorola Solutions, Inc, Swarco AG have been comprehensively profiled in this 121 pages research available at:
http://www.reportsnreports.com/reports/284607-road-safety-market-by-types-highways-and-bridges-safety-urban-roads-safety-and-tunnels-safety-systems-red-light-enforcement-speed-limit-enforcement-bus-lane-enforcement-communication-incident-detection-worldwide-market-forecast-2014-2019-.html
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