Automotive

Automotive Active Safety Systems Market Size, Share, Report 2032

The global automotive active safety systems market size surpassed USD 106.43 billion in 2023 and is expected to be worth around USD 227.35 billion by 2032, at a CAGR of 8.80% from 2023 to 2032.

Key Points

North America led the global market with the largest market share of 33% in 2022.
Europe region is considered to be the quickest-growing region.
By Product Type, the adaptive cruise control segment dominated the market in 2022.
By Product Type, the antilock braking segment is anticipated to grow significantly.
By Sensor Type, the radar sensor segment led the market in 2022.
By Sensor Type, the camera sensor segment is anticipated to increase significantly.

The Automotive Active Safety Systems market is experiencing significant growth due to increasing demand for advanced safety features in vehicles. Active safety systems include technologies such as adaptive cruise control, automatic emergency braking, lane departure warning, and collision avoidance systems, all of which work to prevent accidents and improve overall road safety. These systems are becoming more prevalent in modern vehicles and are a key focus of automotive manufacturers and regulators aiming to enhance safety standards.

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Growth Factors

The growth of the Automotive Active Safety Systems market is driven by several factors, including rising awareness of vehicle safety among consumers, government regulations mandating the inclusion of safety features in vehicles, and the proliferation of autonomous and electric vehicles. Technological advancements such as artificial intelligence, machine learning, and sensor technologies have also played a significant role in enabling the development of more sophisticated and effective active safety systems.

Regional Insights

North America and Europe are leading markets for automotive active safety systems, driven by strict government regulations and high consumer demand for safety features in vehicles. Asia-Pacific is also witnessing substantial growth due to increasing vehicle production, rising disposable income, and growing awareness of safety standards among consumers. Emerging markets in Latin America and the Middle East are expected to see a rise in demand for active safety systems as these regions experience economic development and urbanization.

Automotive Active Safety Systems Market Scope

Report Coverage	Details
Growth Rate from 2023 to 2032	CAGR of 8.8%
Market Size in 2023	USD 106.43 Billion
Market Size by 2032	USD 227.35 Billion
Largest Market	North America
Base Year	2022
Forecast Period	2023 to 2032
Segments Covered	By Product Type and By Sensor Type
Regions Covered	North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Automotive Active Safety Systems Market Dynamics

Drivers

Key drivers for the market include the increasing adoption of electric and autonomous vehicles, which rely heavily on active safety systems for safe operation. Additionally, the continuous development of innovative safety technologies such as advanced driver assistance systems (ADAS) and the growing trend of connected vehicles contribute to market growth. Increasing investments in research and development by major automotive manufacturers also propel the advancement of active safety systems.

Opportunities

The market presents numerous opportunities for growth, including the potential for further integration of active safety systems with other vehicle technologies such as infotainment and telematics. There is also an opportunity for market players to expand into emerging markets and develop affordable safety systems for a wider range of vehicles. Collaborations and partnerships between technology companies and automotive manufacturers can lead to the creation of new and innovative safety solutions.

Challenges

Challenges facing the Automotive Active Safety Systems market include the high cost of implementing advanced safety technologies, which can increase the overall cost of vehicles. Ensuring compatibility and interoperability of safety systems across different vehicle models and manufacturers is another challenge. There are also concerns about data privacy and cybersecurity related to the use of sensors and data collection in active safety systems. Lastly, regulatory and legal challenges may arise as the market evolves and new technologies are introduced.

Recent Developments

In September 2023, Great Wall Motor (“GWM”), a prominent vehicle manufacturer based in China, and Autoliv China, a division of Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the world leader in automotive safety systems, intend to work together to address opportunities and challenges in the quickly changing global automotive landscape.
In June 2023, a new ultrasonic sensor technology was unveiled by Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) for use in automobile applications. The MA48CF15-7N is protected against liquid infiltration by being enclosed in a hermetically sealed container with excellent sensitivity and quick response times.
In February 2023, the 2023 Tata Harrier featured an advanced driver assistance system (ADAS), according to Tata Motors. The upgraded SUV has a starting price of Rs 15 lakh and a maximum price of Rs 24.07 lakh.