According to a new report, published by KBV research, The Global Automotive Active Safety System Market size is expected to reach $38.3 billion by 2031, rising at a market growth of 15.6% CAGR during the forecast period.
The ICE segment is leading the Global Automotive Active Safety System Market by Propulsion Type in 2023; thereby, achieving a market value of $26.8 billion by 2031. In internal combustion engine (ICE) vehicles, active safety systems are crucial for improving driver control and preventing accidents. These systems are designed to handle the dynamics of traditional vehicles, particularly in emergencies where quick braking or acceleration is needed. Features like adaptive cruise control and lane departure warning are increasingly being incorporated into ICE vehicles, offering drivers support that enhances safety and reduces fatigue on long journeys.
The Camera Sensor segment is anticipating a CAGR of 16% during (2024 - 2031). Camera sensors provide detailed visual data that can be used for a wide range of safety features, including lane-keeping assist, traffic sign recognition, and automatic emergency braking. This comprehensive data collection enhances overall vehicle safety and driver assistance. Camera sensor technology advances have improved image resolution and clarity, allowing for more accurate detection and recognition of objects, road signs, and lane markings.
The Passenger Cars segment dominated the Global Automotive Active Safety System Market by Vehicle Type in 2023; thereby, achieving a market value of $23.5 billion by 2031. Passenger car owners strongly emphasize personal safety for themselves and their families. This emphasis motivates the implementation of sophisticated safety features intended to safeguard passengers in various driving scenarios. Passenger car buyers are likelier to seek and pay for advanced technology features. The desire for high-tech solutions, including active safety systems, is a significant factor in the high demand within this segment.
The Tire-pressure Monitoring System segment is registering a CAGR of 16.9% during (2024 - 2031). Innovations in TPMS technology, such as more accurate sensors and user-friendly interfaces, have improved the system’s functionality and reliability. These advancements make TPMS more attractive to consumers and automakers, driving its adoption. Properly inflated tires improve fuel efficiency by reducing rolling resistance. As consumers become more environmentally conscious and seek to lower fuel costs, the demand for TPMS, which helps maintain tire pressure and optimize fuel economy, has increased.
Full Report: https://www.kbvresearch.com/automotive-active-safety-system-market/
The North America region dominated the Global Automotive Active Safety System Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $12.9 billion by 2031. The Europe region would experience a CAGR of 15.2% during (2024 - 2031). Additionally, The Asia Pacific region is exhibiting a CAGR of 16.2% during (2024 - 2031).
By Propulsion Type
By Sensor Type
By Vehicle Type
By Type
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