• 出版社/出版日：Mordor Intelligence / 2021年5月30日
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The automotive safety systems market accounted for USD 88 billion in 2020 and is expected to reach USD 120 Billion by 2026, projecting a CAGR of over 6% during the forecast period.
Owing to the Covid-19 pandemic, the automotive industry as a whole was severely affected. Consumers did not have enough cash inflow available in order to make purchases of either new vehicles or used vehicles. With no demand for new vehicle production, the safety systems usually employed in both passenger and commercial vehicles were not useful and with the lockdown and social distancing, the production facilities were shut down.
However, after the Covid-19 pandemic, the market expects to improve, owing to the increased preference for individual mobility. The market is expected to grow signifcantly in terms of passenger vehicle and commercial vehicle safety systems due to the projected increase in demand.
For instance, Continental AG invested USD 59 million for building a new R&D center in Queretaro, Mexico. The research staff in the center is expected to develop hardware and software for various ADAS features. Thus, the automotive safety systems market is anticipated to witness improved and advanced safety features, during the forecast period.
North America is expected to account for a major share of the market studied, especially in the United States, as most of the new-generation passenger cars are likely to be equipped with adaptive cruise control (ACC) and blind spot detection (BSD), as standard features.
Companies, such as Continental AG, Robert Bosch, ZF Group, and Denso Corporation, are some of the major players in the market studied.
Advanced Driver Assistant Systems (ADAS) are on high demand, owing to the number of accidents occuring on high speed roads every year. OEM’s are continuously engineering and pioneering crucial safety systems on cars, trucks and any automobile out there.
With strict safety standards being implemented, the market is expected to continuously imporve the technology and the it’s cost will definitely increase, which creates more revenue.
Key Market Trends
Lane Departure Warning Systems Witnessing High Demand
Lane Departure Warning System (LDWS) is a group of safety technologies, which have been designed primarily to prevent high-speed accidents on highways, expressways, and freeways. They warn the driver and sometimes take corrective measures and prevent collisions and run-off-road accidents.
The consistent rise in vehicle accidents, resulting due to abrupt lane change, has been creating concerns among both the consumers and governments across the world. Thus, continuous technological advancements in the automotive industry are constantly ensuing in adding new features to the automobiles to reduce road accidents and enhance the safety of both passengers and drivers in both the vehicles. This, in turn, is driving the implementation for advanced driver assistant systems (ADAS), which may aid in propelling the market for LDWS.
Apart from passenger cars, the demand for LDWS is also increasing in commercial vehicles, especially in large trucks.
Large trucks with a gross vehicle weight rating of more than 10,000 pounds drove approximately 280 billion miles on the US roads in 2015 and were involved in a total of over 400,000 crashes, which resulted in 116,000 injuries and 4,067 deaths. Thus, advancements in vehicle safety technologies aid in providing opportunities to prevent a significant number of crashes, injuries, and deaths.
The cost-benefit analysis performed on the LDWS technology states that installing LDWS in large trucks could potentially prevent as many as 6,372 crashes, 1,342 injuries, and 115 death annually.
North America Is Leading the Market
Crash data collected by the US National Highway Traffic Safety Administration (NHTSA) indicates that about 88% of rear-end collisions occur due to the negligence of the driver, or following the other vehicle closely.
In 2019, an estimated 38,800 people lost their lives to car crashes. That is a 2% decline from 2018 (39,404 deaths). About 4.4 million people were injured seriously enough to require medical attention in crashes last year – also a 2% decrease over 2018 figures.
Furthermore, out of the 6 million car accidents that occur on the US roads every year, over 40% of them (approximately 2.5 million) are rear-ending collisions that transpire, owing to the drivers’ lack of attention on the road.
As a result, the US NHTSA is enacting regulations by forcing automakers to install collision avoidance systems in both passenger cars and commercial vehicles.
Consequently, automakers are now taking steps to equip new US vehicles with crash avoidance systems, which is likely to aid in reducing about 50% of the rear-end collisions, numerous crashes, and injuries. For instance, in March 2016, the NHTSA and Insurance Institute of Highway Safety announced that manufacturers of 99% of the US vehicles agreed to include Advanced Emergency Braking System (AEBS) as a standard in almost all the cars in the country by 2022.
The automotive safety systems market is highly competitive, with both safety systems manufacturers and OEMs competing with each other.
Some of the major players dominating the market are Continental AG, Robert Bosch, ZF Friedrichshafen AG, Denso Corp., Magna International, and Hyundai Mobis, among others.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Driver
4.2 Market Restraint
4.3 Industry Attractiveness – Porter’s Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 System Type
5.1.1 Lane Departure Warning System
5.1.2 Other on Board Safety Systems
5.2 End User
5.3 Vehicle Type
5.3.1 Passenger Car
5.3.2 Commercial Vehicle
5.4.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.4.4 Rest of the World
220.127.116.11 South America
18.104.22.168 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 Robert Bosch GmbH
6.2.2 Aptiv PLC
6.2.3 Infineon Technologies
6.2.4 Magna International
6.2.5 WABCO Vehicle Control System
6.2.6 Continental AG
6.2.7 ZF Friedrichshafen AG
6.2.8 Bendix Commercial Vehicle Systems LLC
6.2.9 Autoliv Inc.
6.2.10 Hella KGaA Hueck & Co.
6.2.11 TOYODA GOSEI Co. Ltd
6.2.12 Denso Corporation
7 MARKET OPPORTUNITIES AND FUTURE TRENDS