Wilmington, Delaware, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Global Automotive Safety & Security Market size is valued at US$ 98.3 billion in 2023 and is predicted to rise at a substantial CAGR of 8.6% during the forecast period of 2023 and 2030 according to RationalStat analysis.
Market Definition, Market Scope, and Report Overview
The automotive safety & security market has experienced significant growth in recent years, driven by several key drivers. Growing focus on cybersecurity as vehicles become more connected coupled with the development and deployment of autonomous vehicle technologies is anticipated to push the market growth in the upcoming years. In addition, the automotive safety and security market encompasses a wide range of technologies and solutions designed to enhance vehicle safety, protect against cyber threats, and ensure overall security.
Also, the increasing awareness among consumers about the importance of safety features coupled with the stringent government regulations and safety standards is expected to further appreciate the automotive safety & security market in the forthcoming years.
- According to a deep-dive market assessment by RationalStat, the automotive safety & security market has been analyzed based on market segments, including type, application, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the automotive safety & security market covers market sizes based on market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the automotive safety & security market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Automotive Safety & Security Market: Segmental and Market Share Analysis
- Based on the type, the passive safety system segment is expected to capture the majority of the market share as they include airbags, seatbelts, steering wheels, and other components which play a major role in the safety of the passengers.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 98.3 billion |
| Market Size Forecast | US$ 174.7 billion |
| Growth Rate | 8.6% |
| Dominant Segment | Passive Safety System |
| Leading Region | North America |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
Some of the prominent players adopt various strategies to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players.
Some of the prominent players and suppliers operating and contributing significantly to the automotive safety & security market growth include Johnson Electric Holdings Ltd, Infineon Technologies, Hyundai Mobis, Mando-Hella Electronics Corporation, WABCO Vehicle Control System, Delphi Automotive, Toyoda Gosei Co. Ltd, Robert Bosch, ZF Friedrichshafen, and Continental, among others.
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RationalStat has segmented the automotive safety & security market based on type, application, and region
- Global Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Active Safety System
- Passive Safety System
- Global Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Application
- Passenger Vehicles
- Sedan Cars
- Hatchback Cars
- Luxury Cars
- SUVs
- Crossovers
- Heavy commercial Vehicles
- Buses & Coaches
- Trucks and Trailers
- Light Commercial Vehicles
- Off-Highway Vehicle
- Electric Vehicle
- Passenger Vehicles
- Global Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Automotive Safety & Security Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Automotive Safety & Security Report:
- What will be the market value of the automotive safety & security market by 2030?
- What is the market size of the automotive safety & security market?
- What are the market drivers of the automotive safety & security market?
- What are the key trends in the automotive safety & security market?
- Which is the leading region in the automotive safety & security market?
- What are the major companies operating in the automotive safety & security market?
- What are the market shares by key segments in the automotive safety & security market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoints to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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