Global Driver Safety Systems Market was valued at US$ 23.02Bn in 2017 and is expected to reach US$ 102.10Bn by 2026, at a CAGR of 20.46% during a forecast period.
Driver safety systems have been around for a long time, and they have already proven time and time again to result in an improved driving experience or better overall road safety.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Major driving factors of the Driver Safety Systems market are crucial issue for the right to live and to improve safety on the roads and for those who are driving vehicles; the automated system is proven to reduce road fatalities. The safety features that help the driver in the driving process; by doing so, accidents due to negligence and fatigue will be significantly too reduced. Growing numbers of features that increase the safety of vehicles, with adaptive high beams, collision detection and autonomous night vision all key components of these systems. Increasing number of systems available that aim to improve vehicle and driver safety are creating an opportunity in driver safety systems market. High cost and Huge Investment will act as restraints to the market.
Based on the Safety System, Anti-lock braking system segment is expected to hold the largest share in the Driver Safety Systems market during the forecast period. The global Anti-lock Braking System (ABS) market is largely driven by the factors such as rising demand for safety features, technological advancement, and stringent government safety rules & regulation. ABS may be an extremely effective system that prevents instant protection from automobile wheel whereas braking and therefore prevents major accidents that are caused thanks to skidding. ABS brake manufacturers are increasingly focusing on widening their geographic presence and strategizing ways to penetrate the automotive anti-lock brakes market in the APAC region.
In Trends – Embedded vision.
Automotive vision systems area unit progressively essential for distinguishing and chase potential hazards. Besides providing important input for high-level warning functions like lane drift or unobserved traffic, these systems offer the information required to support a growing array of services as well as automatic parallel parking or traffic sign recognition for speed-change warning. Vision systems conjointly offer the inspiration for driver observance systems that warn once driver attention begins to wander from somnolence or distraction. The emergence of specialized computer-vision package, hardware and development systems has virtually erased ancient challenges in making these systems.
In terms of region, Asia Pacific is expected to hold the largest share in the Driver Safety Systems market during the forecast period. Growing demand for automobiles in Asia Pacific is anticipated to be one of the key driving factors for driver safety market in this region over the forecast period. The Asia-Pacific growing prosperity and urbanization, per capita income has started good growth in the middle and high-income Asian countries like the Republic of Korea and Japan.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the Driver Safety Systems market. Moreover, the study also covers a Driver Safety Systems market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Scope of the Report for Driver Safety Systems Market
Global Driver Safety Systems Market, By Safety Systems
• Traction control system
• Anti-lock braking system
• Hill assist system
• Adaptive front lighting
• Airbag
• Cruise control
Global Driver Safety Systems Market, By Sensor-Based Safety Systems
• Infrared sensor
• Safety camera
• Ultrasonic sensor
• LIDAR sensor
• Seatbelt
Global Driver Safety Systems Market, By Vehicle Type
• Passenger Vehicle
• Commercial Vehicle
Global Driver Safety Systems Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Driver Safety Systems Market
• TRW Automotive Holdings Corp
• Takata Corp
• Toyoda Gosei Co. Ltd
• Autoliv Inc
• Tokai Rika Co. Ltd
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