Automotive Safety System Industry| COVID-19 Analysis

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Increasing demand from end-users for improved efficiency, safety, and comfort alongside, the emergence of advanced safety systems impacts the market growth, positively. Additional factors that are substantiating the growth of the market include a rapid increase in population and urbanization.

Major Players:

Key players leading the global Automotive Safety System Industry include Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (Aptiv PLC US), Robert Bosch GmbH (Germany), TRW Automotive (US), Magna International Inc. (Canada), Johnson Electric Holdings Limited (Hong Kong), Mobileye N.V. (Israel), Autoliv Inc. (US), and Takata Corporation (Japan), among others.

Segmentation

For a better understanding, the report has been segmented into six key dynamics:

By Active Technology      : LDW, ESC, ABS, TPMS, BSD, and EBD among others.

By Passive Technology    : Pedestrian, Whiplash Protection, and Airbag among others.

By Fuel-used                       : Petrol, Diesel, EV, and HEV.

By Offering                          : Software and Hardware.

By Vehicle Type                 : Passenger, LCV, and HCV

By Regions                          :  Asia Pacific, Europe, North America, and the Rest-of-the-World.

Regional Analysis

Increasing demand for automotive safety features and considerable advancements in related technologies are some of the primary factors driving the Automotive Safety System Industry in the APAC region.

North America is one of the profitable markets for automotive safety systems.  Increasing production and the growing demand for safety and comfort features in vehicles foster the regional market. Well-established automotive industry in this region significantly creates opportunities for the market to grow.

The Automotive Safety System Industry in the European region is substantially large in terms of both, size as well as volume. The robust automotive sector drives the growth of the regional market, producing some of the most innovative and technologically advanced automobiles.