What Has Been the Growth of the Automotive Active Safety Systems Market So Far?
The automotive active safety systems market has seen considerable growth due to a variety of factors.
• The market size for automotive active safety systems has experienced robust growth in the past few years. It is projected to increase from $14.49 billion in 2024 to $15.26 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.3%.
This growth during the historical period can be traced back to factors such as the rise in traffic accidents, regulatory requirements, the public's demand for safety, influence from the insurance sector, and integration with advanced driver assistance systems (ADAS).
What Are the Future Growth Projections for the Automotive Active Safety Systems Market?
The automotive active safety systems market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of automotive active safety systems is projected to significantly expand in the following years, reaching a value of $18.95 billion by 2029, with a compound annual growth rate (CAGR) of 5.6%.
The surge in growth during the projection period is linked to the development of autonomous vehicles, vehicle-to-everything (v2x) communication, integration of machine learning and AI, concerns about cybersecurity, and the incorporation of smart infrastructure. Key trends predicted in this period involve collaborations between car manufacturers and tech providers, an increase in awareness regarding the safety of pedestrians and cyclists, advancements in sensor technologies, sensor fusion technology, and driver monitoring systems (DMS).
What Are The Core Factors Supporting Growth In The Automotive Active Safety Systems Market?
The escalating need for electric vehicles is anticipated to spur the expansion of the automotive active safety systems market. Electric vehicles, which are driven by electricity stored in rechargeable batteries or other such storage devices, due to their silent operation, may not be easily detected by pedestrians and other users on the road. Therefore, it's crucial to incorporate active safety systems like pedestrian detection and collision avoidance in these vehicles to ensure warnings or interventions are provided against probable incidents. These systems aim to augment traction, stability and maneuverability by actively modulating the vehicle's acceleration, braking, and steering, thereby lessening accident risks and boosting overall safety during the operation of electric vehicles. For example, a report released by the France-based intergovernmental organization, International Energy Agency, in March 2023, indicated that electric car markets were going through rapid growth as their sales topped 10 million in 2022. The proportion of electric cars in total sales has seen a more than threefold increase in just three years, from about 4% in 2020 to 14% in 2022, and is anticipated to attain 14 million in sales by the close of 2023, marking a 35% year-on-year boost. Hence, the rising demand for electric vehicles is fueling the expansion of the automotive active safety systems market.
What Are The Major Segments Within The Global Automotive Active Safety Systems Market?
The automotive active safety systems market covered in this report is segmented –
1) By Product Type: Anti-Lock Braking System, Driver Monitoring, Blind Spot Detection, Night Vision System, Adaptive Cruise Control, Tire-Pressure Monitoring System, Lane Departure Warning, Other Products
2) By Sensor Type: Camera Sensor, Radar Sensor, Lidar Sensor
3) By Application: Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle, SUVs
Subsegments:
1) By Anti-Lock Braking System (ABS): Electronic Control Unit (ECU), Sensors And Actuators
2) By Driver Monitoring: Drowsiness Detection Systems, Attention Monitoring Systems
3) By Blind Spot DetectionL: Radar-Based Systems, Camera-Based Systems
4) By Night Vision System: Infrared Night Vision Systems, Thermal Imaging Systems
5) By Adaptive Cruise Control: Radar-Based Adaptive Systems, Camera-Based Adaptive Systems
6) By Tire-Pressure Monitoring System (TPMS): Direct TPMS, Indirect TPMS
7) By Lane Departure Warning: Lane Keeping Assist Systems, Lane Departure Prevention Systems
8) By Other Products: Collision Avoidance Systems, Automatic Emergency Braking Systems, Vehicle Stability Control Systems
Pre-Book The Automotive Active Safety Systems Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
What Trends Are Reshaping The Future Of The Automotive Active Safety Systems Market?
Leading firms in the automotive active safety systems market are investing in developing innovative technological solutions like next-generation safety systems to boost vehicle safety, minimize accidents, and upgrade driver assistance features. These future safety systems represent cutting-edge technologies and solutions implemented into vehicles, machinery, or infrastructure that amplify safety through automation, real-time monitoring, and forecast ability. For example, Volvo Trucks, a manufacturing company based in Sweden, introduced its Active Side Collision Avoidance Support system in October 2024. This system uses radar sensors to identify impending cyclists and actively applies the truck's brakes to avoid collisions when making turns towards the passenger side. It improves driver safety by alerting the driver and taking action if necessary.
Who Are the Key Players In The Automotive Active Safety Systems Market?
Major companies operating in the automotive active safety systems market report are:
• Robert Bosch GmbH
• ZF Friedrichshafen
• Continental AG
• Hyundai Mobis
• Magna International
• DENSO Corporation
• Valeo SA
• Aptiv PLC
• Borg Warner Inc.
• TRW automotive
• Infineon Technologies
• Autoliv Inc.
• Knorr-Bremse
• Toyoda Gosei Co. Ltd.
• Hella GmbH & Co. KGaA
• Bendix Commercial Vehicle Systems LLC
• Visteon Corporation
• Ficosa International S.A.
• Mobileye
• HERE Technologies
• Delphi Technologies
• FLIR Systems
• PSA Peugeot Citroen (parent Stellantis N.V.)
• Takata Corporation
• Freescale Semiconductor Inc
What Is The Most Dominant Region In The Automotive Active Safety Systems Market?
North America was the largest region in the automotive active safety systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive active safety systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
