Car Safety Market Research Report on Development Trend with a CAGR of 10.24%from 2015 to 2020.


Posted June 10, 2019 by rechaldey

The car safety systems market is estimated to be USD 93.73 Billion in 2015, and is projected to reach USD 152.59 Billion by 2020, growing at a CAGR of 10.24%

 
According to the market research report Car Safety Market by System Type (Active Safety & Passive Safety), Safety Regulations by Region (APAC, Europe, North America & Rest of the World), Impact Analysis (Overall Market OEM, Tier I & Consumer) - Trends & Forecast to 2020. Car safety regulations are a set of guidelines/protocols for automotive component/vehicle design, manufacturing equipment, and safety systems.

Download our free PDF Brochure and gain crucial industry insights that will help your business grow:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=117885415

Active Safety: Gaining popularity
Active safety includes pre-crash warning, prevention, and post-crash rescue management. Active safety, as a production technology, is in the nascent stage of development, but has substantial potential to reduce the harmful effects of road traffic accidents on occupants and pedestrians. The ultimate goal is to create an accident-proof vehicle, which informs the driver of hazards and intervenes, whenever necessary, to avoid disaster. The active safety systems market, by value, is estimated to grow at a higher CAGR than passive safety systems from 2015 to 2020. This report forecasts the future scenario of the active safety systems market in major countries.

Request for free Customization:
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=117885415

Europe & North America: Stringent safety norms driving the market
Features such as antilock braking systems (ABS) and tire pressure monitoring systems (TPMS) are now mandatory in regions such as North America and Europe. This has resulted in the increasing usage of safety systems in the region. The sales statistics for North America indicate promising growth potential, due to the increasing sales of pick-up trucks and SUVs. The region also has stringent emission and fuel economy standards.
Request for sample:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=117885415

Impact on insurance sector: who will take responsibility?

With regard to insurance coverage, questions arise when a vehicle controls a number of major functions, but still requires constant attention from the driver, and when the driver’s attention is reduced to the extent that they can focus on other activities. In either case, defining fault and liability in the event of a collision is almost impossible. As driver inputs are not constant, evaluating a collision to determine when a driver is in control or in the process of continually regaining and relinquishing control and is thus responsible for driving, is a difficult


task. Another layer of complexity is introduced when vehicles communicate with one another to coordinate their activities. In this case, determining which vehicle was the cause of the collision-inducing action may be difficult

Car Safety Market Key Players

The report covers all major players in the global car safety systems market, including Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), and Toyoda Gosei Co. Ltd. (Japan).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By markets and markets
Phone 18886006441
Business Address 630 Dundee Road
Suite 430
Country India
Categories Automotive , Reports , Research
Tags car safety market , car safety market share , car safety market size
Last Updated June 10, 2019