The global car safety market size was worth around USD 129.4 Billion in 2022 and is predicted to grow to around USD 267.5 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.5% between 2023 and 2030.
???? Click Here to access The Full market Report : https://www.zionmarketresearch.com/report/car-safety-market
➤ The market is expanding due to the increasing demand for vehicles equipped with intelligent braking systems.
Intelligent braking systems (IBS) are becoming increasingly important in both commercial and passenger vehicles as end users strive to optimize their performance. The circumstances of the vehicle are continually monitored by sensors in vehicles that are equipped with them, and they respond in the event of an emergency. The distance between the obstacle and the car is determined by the generation and emission of ultrasonic waves frontward at a predetermined distance by an ultrasonic wave emitter and ultrasonic receiver in an intelligent mechatronic system. Subsequently, a microcontroller is implemented to regulate the vehicle’s velocity in accordance with the detection pulse’s data. This is achieved by depressing the stop lever and implementing severe braking to ensure the vehicle’s safety.
➤ The industry’s expansion is impeded by a decrease in automotive sales and production.
Since 2016, there has been a decline in the production and sales of cars due to the global economic downturn and various government financial reform initiatives. For example, the United States has experienced a decrease in car sales as a result of the Federal Reserve’s interest rate increase since 2016. Additionally, output has declined during this period. It is anticipated that the global vehicle sales will decrease by approximately 3.1 million units in 2019. According to Ford, the number of new vehicles sold in China decreased by approximately 28.75% in 2019. GM’s sales experienced a decline of 0.9% to 1.2%. The expansion of the automotive safety market will be adversely affected by the decline in the potential of the American automotive market.
➤ Strict environmental and fuel economy regulations
The automotive industry is being disrupted by new technological innovations as a result of the stringent requirements of consumers and regulatory bodies. Several governments are presently focused on reducing the number of collisions by integrating active and inactive safety systems into automobiles. In 2019, the United Kingdom government pledged to mandate the installation of lane-keeping technology, advanced emergency braking, and intelligent speed assistance in vehicles by 2022. In a similar vein, the United States, China, and India have implemented stringent regulations that require manufacturers to integrate passive and active safety systems into new vehicles by 2020.
???? Get more info : https://www.zionmarketresearch.com/buynow/su/car-safety-market
The Global Car Safety Market is segmented based on product, application and region
Global Car Safety Market: Product Segment Analysis
● Active Safety
● Passive Safety
Global Car Safety Market: Application Segment Analysis
● Adult Occupant
● Pedestrian Safety
● Child Safety
● Safety Assistance Systems
Click On This Below Link to see Similar Reports :
https://www.linkedin.com/pulse/well-casing-market-size-industry-trends-historical-fzg0f/
https://www.linkedin.com/pulse/global-car-safety-market-industry-size-jdzaf/
https://www.linkedin.com/pulse/enterprise-imaging-solutions-market-size-share-gvhvf/
https://www.linkedin.com/pulse/global-disposable-blood-bag-market-size-industry-s6hof
https://www.linkedin.com/pulse/financial-fraud-detection-software-vubwf
https://www.linkedin.com/pulse/igbt-thyristor-market-size-industry-trends-y0n6f/
https://www.linkedin.com/pulse/terminal-block-market-size-industry-trends-historical-wcvdf/
https://www.linkedin.com/pulse/global-synthetic-rope-market-size-industry-m8oif/
https://www.linkedin.com/pulse/one-wheel-electric-scooter-market-size-share-qqgjf/
The global Car Safety market profiles key players such as:
● Robert Bosch
● Schaeffler AG
● Denso Corporation
● Infineon
● Continental AG
● Delphi Automotive Plc
● Magna International
● ZF Friedrichshafen AG
● Hyundai Mobis
● Toyota Boshoku Corp.
● Mitsubishi Electric Corp.
● Ryobi
● Valeo SA
● Autoliv Inc.
● Tata Motors
???? Recent Developments:
• WABCO was acquired by ZF Friedrichshafen AG Company, a German technology company, in May 2020. The agreement will enable ZF to enhance the current digital platforms in the market and solidify its position as a global leader in commercial automotive systems. Electronic braking, stability, suspension, and transmission automation systems are provided by WABCO Vehicle Control Systems, a US-based organization, for heavy-duty commercial automotive vehicles.
• Behr-Hella Thermocontrol GmbH (BHTC), a joint venture between Hella and MAHLE Behr GmbH & Co. KG, will introduce the world’s first system in December 2021 that integrates state-of-the-art driver and occupant monitoring with exceptional HMI (Human-Machine Interface) technology. The display and climate control devices from BHTC may be equipped with cameras that monitor for driving distraction, drowsiness, and abrupt sickness, and will emit an alarm.
➤ The market is anticipated to be dominated by North America during the forecast period.
The global car safety market is anticipated to be dominated by North America during the forecast period. The proliferation of electric vehicles in the automotive industry will result in the introduction of an increasing number of autonomous vehicles in a variety of sectors. The current market for safety systems has the potential to expand and develop as the number of autonomous vehicles in the market increases. Due to the fact that the majority of North American automobiles are already equipped with the majority of safety systems, the market has become more congested than it was a few years ago.
???? Get Customization Report : https://www.zionmarketresearch.com/custom/1436
About Us :
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database.
Contact Us:
Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714 USA/Canada Toll-Free No.1-855-465-4651
Email: [email protected]
Website: https://www.zionmarketresearch.com
Be First to Comment