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Pulished Date January, 2021
ID: 10909
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Automotive Safety Technology Market Segmentation by Technology Type (LIDAR, Radar, Vision System/ 3d Vision, Electronic Stability Control, Seatbelt, ADAS, and others) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025.

Pulished: January, 2021
ID: 10909
Pages: 175

Automotive Safety Technology Market Size, Trends & Growth (2020 - 2025)

Vehicle safety systems are technology that helps prevent and minimize collision injuries. Safety systems include seat belts and a headrest that help keep the occupant in place during a crash and minimize the risk of injury. The need for an automotive security system in cars arises from the huge and positive technological development in the automotive industry. With extensive research and development in the automotive field, premium and high-performance cars are on the rise. However, the risk of accidents increases dramatically with such powerful cars, emphasizing the need to implement proper rescue measures.

The global automotive safety technology market is expected to post a CAGR of over 6% during the forecast period of 2020-2025. Due to the increase in accidents, the enactment of stringent safety regulations and growing consumer concern for vehicle safety are expected to boost the studied market. To meet the growing standards of vehicle safety features, the leading ADAS manufacturers on the market have begun to invest in R&D activities. For example, Continental AG invested $ 59 million for the construction of a new center of R&D in Querétaro, Mexico. The center's research staff must develop hardware and software for various ADAS functionalities. Therefore, the automotive safety technology market is expected to witness improved and advanced safety features during the outlook period.

Recent Developments:

  • Key Safety Systems Inc. of Sterling Heights will be acquired by Chinese state-owned automobile conglomerate Ningbo Joyson Electronic Corp. in a transaction for $ 920 million.

  • ZF Friedrichshafen AG, a world chief in suspension and transmission innovation, and TRW Automotive Holdings Corp. (NYSE: TRW) reported that the organizations have finished the exchange whereby ZF effectively gained TRW. TRW will be incorporated into ZF as another division called Active and Passive Safety Technology. The combined organization works under the name ZF Friedrichshafen AG.

  • A global provider of powertrain technologies, Delphi Technologies said it combines advancements in vehicle electrification with existing and emerging automated and connected vehicle systems to drive fuel economy, reduce emissions and expand range.

Drivers and Restraints of Automotive Safety Technology Market:

Drivers:

The miniaturization of electronic technologies, such as sensors and smart devices, encourages advances in the automotive safety sector and in the particularly advanced driver assistance system. In the future, there will be more modular systems and platform sharing, further increasing the complexity and challenges for OEMs. It will be very difficult to choose the most suitable sensor suite for car safety. Additionally, automotive safety regulations will be tightened in the future, further reducing OEMs and suppliers' profit margins.

Restraints:

The high cost of the safety system is a limiting factor for the growth of the market, as many low-end cars only opt for mandatory features like airbags and seat belts.

IMPACT OF COVID-19 ON AUTOMOTIVE SAFETY TECHNOLOGY MARKET:

The coronavirus pandemic has resulted in global crisis with deep impact on almost all industries of the world. In its efforts to stop this pandemic, the governments have imposed a blockade in their respective nations. While the lockdown may have helped limit the spread of the virus, it has severely affected the economy, disrupting the entire value chain of most major industries in world and in the automotive industry. The automotive sector had already experienced a considerable slowdown in the last 12-18 months due to structural changes. The COVID-19 lockdown has had a multiplier effect: the industry has been almost completely paralyzed since March 24. A prolonged cut-off in consumer demand due to foreclosure has drastically affected revenue and cash flow for automakers. In response, most companies are starved of R&D funding to support basic operations, which could delay progress on alternative fuels and mobility technologies by two to four quarters. Over time, some companies may even accept a strategic call to exit unprofitable vehicle markets and segments. Auto dealers were unable to deliver vehicles during the lockdown phase and reported 30 to 45 days of finished goods inventory, which could be drastically reduced after the lockdown. OEMs will need to financially support dealer groups, with more emphasis on their own balance sheets. Auto suppliers are heavily reliant on migrant labor, whose absenteeism will further delay post-foreclosure recovery, causing a ripple effect throughout the value chain. Suppliers facing liquidity problems can succumb to deteriorating market conditions, causing widespread disruption throughout the manufacturing ecosystem. Captive finance companies are also likely to be hit the hardest, as defaults are likely to rise and new loans to decline, given difficulties in determining customer creditworthiness, further hurting business profitability

Automotive Safety Technology Market Segmentation:

By Technology type:

  • LIDAR

  • Radar

  • Vision System/3D Vision

  • Electronic Stability Control

  • Seatbelt

  • ADAS

  • Others

These technologies work in real time with the vehicle, the engine and the central electronic processing unit (CEPU) to continuously create and update the database of critical vehicle parameters. While technologies, such as Driver Monitoring System (DMS) and Adaptive Cruise Control (ACC), provide a deep and comforting driving experience, as they are quite expensive. Therefore, these systems suit expensive and high-end luxury cars. The Lane Departure Warning System (LDWS) is a group of safety technologies designed primarily to prevent high-speed collisions on roads, highways, and others. They alert the driver and sometimes take corrective action and prevent collisions and off-road accidents.

Automotive Safety Technology Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America

    1. U.S

    2. Canada

  2. Europe

    1. Norway

    2. Germany

    3. Sweden

  3. Asia Pacific

    1. China

    2. India

    3. Japan

  4. Latin America

    1. Brazil

    2. Mexico

    3. Argentina

  5. Middle East and Africa

a. Middle East

b. Africa

North America has the largest share of the automotive safety technology market, followed by Europe and Asia-Pacific. The United States and Japan are the world's largest market for automotive security systems. The increasing number of accidents, resulting in the loss of life and property around the world, is considered one of the main factors driving the demand for and development of advanced automotive safety systems. As consumers become more aware of advanced safety features and technologies, they are showing interest in improving their vehicle safety systems. The Asia-Pacific region is estimated to experience the strongest growth during the conjecture period due to rising domestic demand for vehicles with additional in-vehicle safety equipment. The emerging markets of China and India are likely to drive the Asian market for automotive safety technology.

Key Players of Market:

Some of the major companies operating in the global automotive safety technology market are Delphi Automotive plc, TRW Automotive Holdings Corp., Key Safety Systems Inc., Tokai Rika Co. Ltd., Toyoda, Denso Corp., Takata Corp. and Autoliv Inc.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Safety Technology Market, By Technology Type                

                    6.1.1 LIDAR  

                    6.1.2 Radar  

                    6.1.3 Vision System/3D Vision    

                    6.1.4 Electronic Stability Control 

                    6.1.5 Seatbelt         

                    6.1.6 ADAS  

                    6.1.7 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.8 Y-o-Y Growth Rate Analysis         

                    6.1.9 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Technology Type 

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Technology Type 

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Technology Type 

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Technology Type 

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Technology Type 

8. Key Player Analysis                           

          8.1 Delphi Automotive plc          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 TRW Automotive Holdings Corp                 

          8.3 Key Safety Systems Inc          

          8.4 Tokai Rika Co. Ltd                

          8.5 Toyoda             

          8.6 Denso Corp                

          8.7 Takata Corp                

          8.8 Autoliv Inc                  

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Safety Technology Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Safety Technology Market By Technology Type, From 2021-2026 ( USD Billion )
  3. Global LIDAR Market By Region, From 2021-2026 ( USD Billion )
  4. Global Radar Market By Region, From 2021-2026 ( USD Billion )
  5. Global Vision System/3D Vision Market By Region, From 2021-2026 ( USD Billion )
  6. Global Electronic Stability Control Market By Region, From 2021-2026 ( USD Billion )
  7. Global Seatbelt Market By Region, From 2021-2026 ( USD Billion )
  8. Global ADAS Market By Region, From 2021-2026 ( USD Billion )

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