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Automotive Safety System Market 2018
Automotive Safety System Market Share, Size, Trends, And Business Opportunity Analysis
Report 2018 include historic data, with forecast data to 2023. Automotive Safety System
Market report is helpful for future strategy development, and to know about Market
Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key
players forecast to 2023
Automotive Safety System Market Report Information by Active Technology (ESC, LDW,
ABS, BSD, TPMS, EBD), by Passive Technology (Pedestrian, Whiplash Protection, Airbag),
by Fuel Used (Petrol, Diesel, EV, HEV), by Offering (Software, Hardware), by Vehicle Type
(Passenger, LCV and HCV), and by Region - Global Forecast to 2023.
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Market Scenario:
The need for automotive safety system in automobiles arises from the huge and positive
technological development in the automotive sector. With extensive research and
development in the automotive field, high-end and high-performance cars are trending up.
However, chances for mishaps increase radically with such high powered cars, thus,
highlighting the need for implementing adequate life saving measures.
Several factors aid the growth of the global automotive safety system market. Firstly,
increased efforts of automotive manufacturers to building their repute & brand name to
maintain the brand goodwill. Secondly, automotive consumers have become more aware of
road safety measures that should be incorporated. Thirdly, with the increasing number of
high-end and high-performance cars in the market, safety is needed to be upgraded to
match the increasing average speeds of automobiles. The global automotive safety system
market is estimated to grow at a CAGR of approx. 9% (2017 to 2023).
Automotive Safety System Market by Segmentation:
On the basis of active technology, the most commonly used and widely popular
technologies are Tire Pressure Monitoring Systems (TPMS), Lane Departure Warning
Systems (LDW), Anti-Lock Braking Systems (ABS), and Blind Spot Detection (BSD). These
technologies work real time with the vehicle, engine, and the Central Electronic Processing
Unit (CEPU) to constantly create and update the database for crucial parameters of the
vehicle. Although technologies, such as Driver Monitoring System (DMS) and Adaptive
Cruise Control (ACC), offer a thorough and comforting driving experience, they are quite
expensive. Hence, these systems are fit into high end/expensive luxury automobiles. On the