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Pulished Date February, 2021
ID: 11186
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Car Safety Market Segmentation By Occupant Type (Pedestrian, Driver, Child, Passenger), By System Type (Passive Systems, Active Systems) and Region - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: February, 2021
ID: 11186
Pages: 175

Car Safety Market Size, Trends & Growth (2021 - 2026)

Car safety systems are vehicle 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. Automotive safety regulations are a set of guidelines for the design of automotive components, manufacturing equipment, and safety systems. The main objective of these regulations is to minimize the occurrence and consequences of traffic accidents.

The global car safety market is expected to reach $ 258.3 billion by 2026, with a CAGR of 10.6% between 2021 and 2026.

Motor Vehicle Safety Standards are a set of guidelines implemented for motor vehicles, safety systems, and manufacturing equipment. The main objective of enforcing such regulations is to control traffic accidents. Motor vehicle safety regulations are implemented in many countries, where active safety systems play an essential role in limiting these accidents. Active safety systems consist of several subsystems, including tire pressure monitoring systems, antilock brakes, and electronic stability control. Passive safety systems include seat belts and airbags that help reduce the risk of injury in the event of an accident.

Recent Developments:

  • Delphi Automotive Plc said that it had partnered with laser sensor maker Innoviz Technologies to improve the safety of autonomous vehicle vehicles, after making a minority investment in the Israeli company.
  • DENSO Corporation announced that it has developed a new Electric Power Steering Motor Control Unit (EPS-MCU), which provides improved vehicle handling and safety.
  • Continental AG, a German manufacturer specializing in automotive electronics and safety, said it will work with the Indian Institute of Technology in Madras to research and apply machine learning.

IMPACT OF COVID-19 ON CAR SAFETY MARKET:

The coronavirus pandemic has pushed humanity and the global economy into a crisis not seen since the Great Depression. In its efforts to stop this pandemic, several governments have imposed a blockade in their respective countries. 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 of the major industries in world and the auto industry. The automotive sector had already experienced a significant 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 2020. A prolonged cut-off in consumer demand due to foreclosure has significantly affected the revenues and cash flow of automakers. In response, most companies are starved of R&D funds to support basic operations, which could delay progress on fuel alternatives and mobility by two to four quarters. Over time, some companies may even accept a strategic call to exit unprofitable vehicle markets and segments. While they can respond with certain actions immediately, they must also be prepared to regain lost value through initiatives after the lockdown ends. Additionally, they must consider responding appropriately to the continuing disruptions caused by the pandemic and reinventing their business with long-term interventions.

Drivers and Restraints of Car Safety Market:

Drivers:

The Intelligent Braking System (IBS) in all passenger and commercial cars is attracting new attention as end users seek to optimize performance. Cars equipped with sensors that continuously monitor vehicle conditions and respond in an emergency. An intelligent mechatronic system includes an ultrasonic wave transmitter and an ultrasonic receiver that produces and transmits ultrasonic waves forward at a predetermined distance and provides the distance between the obstacle and the vehicle. Several countries have adopted strict regulations to incorporate an intelligent braking system, for example, 40 countries led by Japan and Europe have agreed to require that new cars and light commercial vehicles be equipped with an automatic braking system for 2019. This is likely to create new opportunities for cars with IBS, thus creating demand for the global car safety market.

Restraints:

Car production and sales have grown slowly since 2016 due to the slowdown in the economy and various government financial reform activities around the world.

Car Safety Market Segmentation:

By Occupant type:

  • Pedestrian
  • Driver
  • Child
  • Passenger

The driver and passenger segments are likely to experience the highest CAGR during the forecast period due to the increasing number of traffic accidents resulting in more serious deaths in the human body and the increase in the number of awareness programs on safety among consumers, which would drive market growth during the forecast period. On the other hand, consumers are rapidly moving toward higher spending on the various safety features available in their cars due to the increase in disposable income. It opens the door to investment opportunities for the giants of the industry. In addition, manufacturers provide active and passive safety systems in the automotive industry to provide a better driving experience and comfort for customers, which will lead to a better driving experience and convenience for consumers, thus creating opportunities for the growth of the global car safety market.

By System type:

  • Passive Systems
  • Active Systems

Active automotive safety systems are expected to grow at a CAGR of around 9.20% during the forecast period due to their benefits such as anti-lock braking, electronic stability control or vehicle traction control, and also prevent or mitigate road accidents by improving the overall driving experience in different road conditions and situations. The government of several countries has adopted strict regulations to implement the car's safety function.

Car Safety 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 and Europe have demanded the use of tire pressure monitoring systems (TPMS) and anti-lock braking systems (ABS) which are driving market growth. North America is experiencing significant growth due to increased sales of sport utility vehicles and trucks. Asia-Pacific is supposed to grow at the highest CAGR during the outlook period, due to strong demand for vehicles, especially from countries such as China and India. Several OEMs are investing in the region, motivated by factors such as the expanding middle class and young population. Passenger car production is expected to increase in countries such as China and India, due to the availability of a profitable workforce and favorable government policies.

Key Players of Market:

The global car safety market consists of manufacturers such as Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), and Toyoda Gosei Co. Ltd. (Japan), research institutes such as The Automotive Research Association of India (ARAI), European Automotive Research Partners Association (EARPA), and The United States Council for Automotive Research (USCAR), and regional automobile associations such as China Association of Automobile Manufacturers (CAAM), Japan Automobile Manufacturers Association (JAMA), and the European Automobile Manufacturers Association (ACEA).

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 Car Safety Market, By Occupant Type                   

                    6.1.1 Pedestrian     

                    6.1.2 Driver  

                    6.1.3 Child   

                    6.1.4 Passenger      

                    6.1.5 Market Size Estimations & Forecasts (2021-2026)        

                    6.1.6 Y-o-Y Growth Rate Analysis         

                    6.1.7 Market Attractiveness Index         

          6.2 Car Safety Market, By System Type             

                    6.2.1 Passive Systems       

                    6.2.2 Active Systems         

                    6.2.3 Market Size Estimations & Forecasts (2021-2026)        

                    6.2.4 Y-o-Y Growth Rate Analysis         

                    6.2.5 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 Occupant Type    

                    7.2.3 By System 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 Occupant Type    

                    7.3.3 By System 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 Occupant Type    

                    7.4.3 By System 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 Occupant Type    

                    7.5.3 By System 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 Occupant Type    

                    7.6.3 By System Type        

8. Key Player Analysis                           

          8.1 Continental AG           

                    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 Denso Corporation                

          8.3 Delphi Automotive PLC         

          8.4 Robert Bosch GmbH              

          8.5 Toyoda Gosei Co. Ltd            

          8.6 The Automotive Research Association of India               

          8.7 European Automotive Research Partners Association                

          8.8 The United States Council for Automotive Research                  

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 Car Safety Market By Region, From 2021-2026 ( USD Billion )
  2. Global Car Safety Market By Occupant Type, From 2021-2026 ( USD Billion )
  3. Global Pedestrian Market By Region, From 2021-2026 ( USD Billion )
  4. Global Driver Market By Region, From 2021-2026 ( USD Billion )
  5. Global Child Market By Region, From 2021-2026 ( USD Billion )
  6. Global Passenger Market By Region, From 2021-2026 ( USD Billion )
  7. Global Car Safety Market By System Type, From 2021-2026 ( USD Billion )
  8. Global Passive Systems Market By Region, From 2021-2026 ( USD Billion )
  9. Global Active Systems Market By Region, From 2021-2026 ( USD Billion )

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