Transparency Market Research is publishing a new report titled, “Automotive Safety System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026,” provides which key insights on the automotive safety system market. The new report anticipates that the increased demand of high speed vehicles and rise in number of young consumers are resulting in an increased rate of accidents, which will further drive the growth of the automotive safety system market during the forecast period i.e, 2018-2026.

The report has segmented the automotive safety system market for vehicle based on type of restraint, technology, vehicle, sales channel, and region. In accordance with type, the report has split the automotive safety system market into five segments. The seatbelts segment holds a major share of the market across all regions. Adoption of airbags in developing countries is estimated to boost the safety system market. The development in technology and reduction of price of the active head restraint is anticipated to further boost its penetration into the automotive safety system market.

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In terms of technology, the report has divided the automotive safety system into six segments. The antilock braking technology segment is witnessing expansion and is estimated to boost the automotive safety system market. The blind spot detection technology is gaining momentum due to the assistance is provides to the driver to spot oncoming vehicles. In accordance with vehicle type, the global automotive safety system market is classified into passenger vehicle and commercial vehicle. The passenger vehicle currently dominates the market and is estimated to maintain its dominance during the forecast period. There is a rise in acceptance of safety restraints in commercial vehicles, and the trend is expected to further continue during the forecast period.

Based on sales channel, the global automotive safety system market is bifurcated into OEM and aftermarket. The OEM segment is estimated to dominate the market during the forecast period. Safety systems such as airbags, seatbelts, and head restraints deployed during collision are then required to be replaced, thus safety restraint system holds a strong aftermarket presence.

In terms of regional perspective, the report has split the automotive safety system market into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Awareness among consumers and increasing affordability of expensive safety technologies are likely to propel the demand for safety systems in Europe and North America, according the TMR report. Rise in vehicle production in Asia Pacific is estimated to drive the automotive safety system market in the region during the forecast period.

Prominent players operating in the global automotive safety system market for automotive are included in this report to give a better competitive landscape and these are Autoliv Inc., Takata Corporation, Nihon Plast Co., Ltd., Delphi Automotive Plc., ZF TRW, Toyoda Gosei Co., Ltd., Lear Corporation, Hyundai Mobis, Grammer AG, Johnson Controls, and Toyota Boshoku.

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