Global Car Safety Market By Occupant Types (Driver, Passenger, Pedestrian Safety, Safety Assistance Systems), By System Types (Active Safety, Passive Safety), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Car safety standards are a set of rules that apply to automobile safety systems, and manufacturing equipment of a vehicle. The major goal of enacting such restrictions is to reduce the number of car accidents. Active safety systems play an important part in preventing such incidents.

Tire-pressure monitoring systems, anti-lock braking, and electronic stability control are just a few of the subsystems that make up active safety systems. Seat belts and airbags are examples of passive safety technologies that help to lower the risk of injury in the event of an accident.

Detailed Segmentation –

The global car safety market is segmented on the basis of – Part Types, System Types, and Region. The detailed segmental description is represented below:

Based on Occupant Types:

• Driver
• Passenger
• Pedestrian Safety
• Safety Assistance Systems

Based on System Types:

• Active Safety
• Passive Safety

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Based on Key Players:

• Autoliv Inc.
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Johnson Electric Holdings Limited
• Robert Bosch GmbH
• Toyoda Gosei Co. Ltd.
• Valeo
• ZF TRW Automotive Holdings Corporation
• others

Market Dynamics –

Drivers for the Global Car Safety Market:

This market’s economic growth is mostly due to increased consumer awareness of safety systems, which is propelling the global car safety market. Other factors upsurging this market’s expansion include increasingly severe safety regulations, increased car electrification, as well as increased levels of vehicle production.

Restraints for the Global Car Safety Market:

Due to the global economic slowdown and other government financial reformation measures, car production and sales have been sluggish since 2016. For instance, since 2016, the increase in the Federal Reserve’s interest rates have reduced vehicle sales in the United States. During this time, production has also decreased.

Global car sales dropped by roughly 3.1 million in 2019. In China, Ford reported a 28.75% decline in new vehicle sales in 2019. GM reported a 0.9%-1.2% reduction in sales. This could lead to a contraction of the automobile market in the United States, which would have a negative impact on the revenue growth of the global car safety market.

Opportunities for the Global Car Safety Market:

Prevention, pre-crash warning, and post-crash rescue management are all benefits of active safety systems, which have had a beneficial impact on the global car safety market. It aids in the reduction of the negative consequences of traffic accidents. Companies are now concentrating their efforts towards developing accident-proof vehicles that will alert drivers to potential hazards and warn them of impending disasters. This is expected to create new market revenue growth opportunities for this industry.

Competitive Landscape –

Key players in this market are – Autoliv Inc., Continental AG, Delphi Automotive PLC, Denso Corporation, Johnson Electric Holdings Limited, Robert Bosch GmbH, Toyoda Gosei Co. Ltd., Valeo, and ZF TRW Automotive Holdings Corporation, among others.

Key Developments –

Year 2018:

• In June 2018, Key Safety Systems UK Ltd., an auto components maker, completed a US$1.6 billion deal to acquire Takata Corporation, an air-bag maker for vehicle safety components.

For the Car Safety Market research study, the following years have been considered to estimate the market size: