The “Automotive Passive Safety System Market” is projected to grow from US$ 19,967.55 million in 2022 to US$ 25,932.05 million by 2028. It is estimated to grow at a CAGR of 4.5 % from 2022 to 2028.
Automotive safety systems, including seat belts and head restraints, are concerned with the safety of the occupants inside the vehicle. Safety systems help keep occupants in place and minimize the risk of injury in the event of a collision. Increased demand for high-speed vehicles has led to a rise in accident rates. Therefore, the demand for the integration of vehicles with safety features has increased significantly. Safety features include blind spot detection, lane departure warning, and an anti-roll braking system. At the same time, the integration of automotive safety features is increasing the demand for automobiles, expanding the Automotive Passive Safety System market share globally.
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Companies Profiled in this report includes:
- Autoliv Inc;
- Continental AG
- Joyson Safety Systems
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Hyundai Mobis
- Knauf Industries
- Toyoda Gosei Co., Ltd
- Tokairika Co., Ltd.
China, India, South Korea, Japan, and Australia are APAC’s key economies in the automotive passive safety system market. These economies are performing well, owing to the numerous technological and infrastructural developments. The region has a robust automotive sector, which is supported by the expansion in the automotive manufacturing industry in countries such as China, India, and South Korea. Countries, such as India, China, South Korea, and Japan, are among the leading vehicle manufacturing countries worldwide, which is acting as a supporting factor for the automotive passive safety system market growth. For instance, According to the Society of Indian Automobile Manufacturers (SIAM), India produced 22,933,230 vehicles, of which 3,650,698 were passenger vehicles and 805,527 were commercial vehicles in 2021.
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Automotive Passive Safety System Market Segmentation:
- Occupant Sensing System
- Child Safety System
- Passenger Car
- Commercial Vehicles
The overall size of the automotive passive safety system market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information about the automotive passive safety system market. The process also serves the purpose of obtaining an overview and forecast for the automotive passive safety system market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the automotive passive safety system market. This process includes industry experts, such as VPs, business development managers, market intelligence managers, national sales managers, external consultants, valuation experts, research analysts, and key opinion leaders specializing in the automotive passive safety system market.
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