Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Passive
Safety System Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Passive Safety System Market.
The research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Passive Safety System Market over the
short as well as long period of time. A detailed presentation of forecast, trends,
and dollar values of global Passive Safety System Market is offered. In
accordance with the report, the global Passive Safety System Market is
projected to expand at a CAGR of 4.7% over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Passive safety system is the collection of safety system in the cars
which shield the passengers and the drivers from the accidents. Although the
active safety system have seen the fastest innovation & expecting dynamic
level of growth, passive safety system still have got an important role to
play. The active safety system prevents accidents and incidents whereas the
passive safety system plays the role of limiting the negative consequences in
collisions. The automotive safety system has been for the decades since with
the first implementation of seatbelts by Volvo in 1959. As per the analysis of
Data Insights Partner the global passive safety system market is USD 20.50
billion in 2013 and is expected to reach by USD 72 billion by 2020. Despite the
growing efficiency of active systems, collisions and accidents in vehicles will
remain extensive in the foreseeable future. In addition with the significant
increase of autonomous vehicles which is fully supported by active safety
system the passive safety system has become investable. Thus it is very
essential for the manufacturers in development and innovation of passive safety
systems and it also provides the opportunities for the manufacturers and
suppliers in generating more revenue.
The markets can be largely segmented by types: airbags system,
seatbelt systems, electronic control unit systems and steering wheels and also
by geography as North America, Europe, Asia- Pacific and rest of the world
(RoW). Seatbelts are used to restrain the passengers within the cars in case of
collisions whereas airbags provide a cushion to protect the drivers against an
accidents and absorbs crash forces. These systems also offer sensors that work
closely with chassis, brake system and steering. The passive safety system like
seatbelts and airbags holds the major market share in terms of revenue due to
the mandatory legislations in some major countries. The innovation and
development of passive safety system is mainly focused on protecting the
vulnerable road users as the motorist and pedestrian make up the majority of
traffic casualties. The growth of the passive system is mainly driven on
focusing the consumer safety and also with the rise of regulations in some
major countries. However, with the rise of cost of raw materials, exchange rate
fluctuations and price competition are posing the challenge for the growth of
passive safety system. North America is likely to be the largest market in
terms of revenue part, at the same time as emerging economies such as Asia
Pacific (APAC) where countries include India, China, Australia among others .In
Middle East and Africa in countries like Saudi Arabia, United Arab Emirates
(UAE), and others are showing substantial growth and is expected to be a key
market in near future.
Segment Covered:
This market
intelligence report on the global Passive Safety System Market encompasses market segments based on vehicle type, application, sales channel and region.
In terms of vehicle type, the Passive Safety System Market is segregated
into:
·
Passenger Car
·
Light Commercial
Vehicle
·
Medium &
Heavy Duty Commercial Vehicle
By Application, the global Passive Safety System Market is segregated
into:
·
Airbag
·
Seat Belt
·
Steering Wheel
·
Electronic
Control Unit
·
Other Passive
Safety Systems
By Sales Channel, the global Passive Safety System Market is segregated
into:
·
OEM
·
Aftermarket
By country/region, the global Passive Safety System Market has been
divided into
·
North America
(the U.S., Canada)
·
South America
(Brazil, Mexico, Argentina and other countries)
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries)
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries)
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries)
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
Autoliv AB
·
Bosch Limited
·
Delphi
Automotive
·
Key Safety
Systems
·
Denso
Corporation
·
Hyundai Mobis
Co. Ltd.
·
Takata
Corporation
·
Tokai Rika Co.
Ltd.
·
Toyoda Gosei
·
ZF TRW
Automotive Holdings Corp
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Passive Safety System related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2017-2027. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Passive
Safety System Market, size of the
market (US$ Mn and Units), and Compound Annual Growth Rate (CAGR (%)) for the
period of forecast: 2019 – 2027, taking into account 2018 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Passive Safety System Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as Hella, Osram,
Continental among others
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Passive Safety System caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Passive
Safety System Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation. Ample number of examples and case studies have been taken into
consideration before coming to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Passive Safety System Market
v
Identification
of key factors driving investment opportunities in the Passive
Safety System Market
v
Facilitate
decision-making based on strong historic and forecast data. Position yourself
to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events. Identify key partners and
business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects. Identify key
strengths and weaknesses of important market participants