Automotive Safety Systems Market - Growth, Trends, and Forecast (2019 - 2024)

The Automotive Safety System Market has been segmented by Type (Active and Passive), End User (OEM and Aftermarket), Vehicle Type (Passenger Cars and Commercial Vehicles), and Geography.

Market Snapshot

Market Summary
Study Period:

2018-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Key Players:

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Market Overview

The automotive safety systems market is expected to record a CAGR of over 6% during the forecast period, 2019-2024.

Owing to the rise in accidents, the enactment of stringent safety regulations and the increasing vehicle safety concerns among the consumers are expected to drive the market studied. To meet the increasing standards for safety features in the vehicles, major ADAS manufacturers in the market have started investing in R&D activities. 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 focus on developing 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.

Scope of the Report

The automotive safety systems market has been segmented by type, end user, and vehicle type.

By Type
Active
Anti-lock Braking Systems (ABS)
Automatic Emergency Braking (AEB)
Blind Spot Detection (BSD)
Electronic Stability Control (ESC)
Forward-collision Warning (FCW)
Lane Departure Warning Systems (LDWS)
Tire Pressure Monitoring Systems (TPMS)
Other Active Types
Passive
Seatbelts
Airbags
Other Passive Types
By End User
OEM
Aftermarket
By Vehicle Type
Passenger Cars
Commercial Vehicles
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Saudi Arabia
South Africa
Other Countries

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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.

  • As a result, on November 1, 2017, Alliance for Driver Safety & Security (Trucking Alliance) announced that in order to qualify for membership, trucks must adopt the following truck safety technologies – LDWS, automatic emergency braking systems, air disc brakes, and video-based onboard safety monitoring.

The demand for LDWS has been consistently increasing across the world in both the developed and developing regions, and countries across the world are enacting regulations to induce LDWS in vehicles. For instance, South Korea’s Ministry of Land, Transport, and Maritime Affairs (MOLIT) mandated the inclusion of both lane departure warning systems and advanced emergency braking systems in all passenger cars and buses from 2021.

Large Truck and Bus Statistics

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North America One of the Major Markets

Rise in the number of accidents, resulting in loss of lives and properties across the world, is being considered as one of the major factors driving the demand for, and development of, advanced automobile safety systems. As consumers are gaining awareness about the advanced safety features and technologies, they are indicating interest in improving the safety systems of their vehicles.

Crash data collected by the US National Highway Traffic Safety Administration (NHTSA) indicates that about 88% of rear-end collisions happen due to the negligence of the driver, or due to following the other vehicle closely.

In 2017, speeding was one of the factors for almost 27% of motor vehicle crash deaths. Speeding has been a factor, in more than a quarter of crash deaths, since 2007. As per the WHO Global Status Report on Road Safety, every 1% increase in mean speed produces a 4% increase in the fatal crash risk and a 3% increase in the serious crash risk. Additionally, in 2017, the percentage of crash deaths involving speeding was higher on minor roads (31%), than on interstates and freeways (27%), or on other major roads (23%). Of the total 9,717 speeding-related fatalities that occurred in 2017, over 52% occurred on roads with speed limits lower than 55 mph. 

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 driver’s 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 the 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 AEBS as a standard in almost all the cars in the country by 2022.

Furthermore, accidents, such as the incident of the Uber self-driven vehicle in March 2018, killing a woman (pedestrian) as the vehicle failed to slow down, also acted as a catalyst for the enactment of safety regulations. This may also lead to the incorporation of safety systems, such as BSD and AEBS in autonomous vehicles.

Safety System - Region

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Competitive Landscape

The global 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.

Major Players

  1. Toyoda Gosei
  2. Continental AG
  3. ZF Friedrichshafen AG
  4. Magna International
  5. Robert Bosch GmbH

* Complete list of players covered available in the table of contents below

Competitive Landscape

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technology Trends

    7. 4.7 Policies and Regulations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Active

        1. 5.1.1.1 Anti-lock Braking Systems (ABS)

        2. 5.1.1.2 Automatic Emergency Braking (AEB)

        3. 5.1.1.3 Blind Spot Detection (BSD)

        4. 5.1.1.4 Electronic Stability Control (ESC)

        5. 5.1.1.5 Forward-collision Warning (FCW)

        6. 5.1.1.6 Lane Departure Warning Systems (LDWS)

        7. 5.1.1.7 Tire Pressure Monitoring Systems (TPMS)

        8. 5.1.1.8 Other Active Types

      2. 5.1.2 Passive

        1. 5.1.2.1 Seatbelts

        2. 5.1.2.2 Airbags

        3. 5.1.2.3 Other Passive Types

    2. 5.2 By End User

      1. 5.2.1 OEM

      2. 5.2.2 Aftermarket

    3. 5.3 By Vehicle Type

      1. 5.3.1 Passenger Cars

      2. 5.3.2 Commercial Vehicles

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Saudi Arabia

        3. 5.4.4.3 South Africa

        4. 5.4.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share**

    2. 6.2 Company Profiles

      1. 6.2.1 Robert Bosch GmbH

      2. 6.2.2 Delphi Automotive

      3. 6.2.3 Infineon Technologies

      4. 6.2.4 Magna International

      5. 6.2.5 WABCO Vehicle Control System

      6. 6.2.6 Continental AG

      7. 6.2.7 ZF Friedrichshafen AG

      8. 6.2.8 Bendix Commercial Vehicle Systems LLC

      9. 6.2.9 Autoliv

      10. 6.2.10 Mando-Hella Electronics Corp

      11. 6.2.11 Toyoda Gosei Co. Ltd

      12. 6.2.12 BMW

      13. 6.2.13 BYD Auto Co. Ltd

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

**Subject to Availability

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