Automated Vehicle Safety Market

Automated Vehicle Safety Market: Introduction

• Automated safety system comprises all the devices, components, sensors, and electronics parts responsible for maintaining vehicle safety standards. Driver assistance technologies are currently found in several vehicles on the road, which are helping save lives and reduce accidents on highways across the globe. While some driver assistance technologies are made to alert the driver in case of danger of a collision, while others are designed to intervene in order to prevent a crash or collision.
• Currently, almost all major automakers provide cars with varied degrees of autonomy. Even further benefits for safety are intended to be provided by the ongoing development of vehicle technology, including automated driving systems and driver support technologies. There are six levels of autonomy created, ranging from 0 to 5 for self-driving automobiles. A Level 0 vehicle is entirely human-driven and has no autonomous features. A Level 4 car can essentially drive entirely by itself, but only under specific circumstances, such as in predetermined locations or during favourable weather. A Level 5 vehicle is one that is completely autonomous and doesn't require any human involvement when driving.

Key Drivers of Global Automated Vehicle Safety Market:

• Rise in number of road fatalities and awareness about road safety has prompted OEMs to increase the autonomy levels in their vehicles that is intended to reduce human errors. This is estimated to be a key driver of the automated vehicle safety market across the globe.
• The potential of automated driving systems to improve efficiency and convenience, preventing or reducing road accidents, and improving the overall driving experience in diverse road conditions and situations is also a significant driver of the global automated vehicle safety market.
• Growing popularity of electric vehicles in the automotive industry is offering lucrative opportunities for more innovations and technologies in autonomous vehicles, which is likely to propel the automated vehicle safety market across the globe

Restraints of Global Automated Vehicle Safety Market:

• Despite the claims, self-driving cars currently have a higher rate of accidents than human-driven cars, but are prone to severe injuries. The automated mobility system requires extensive infrastructure before it can be used securely, therefore there is still a long way to go before it can be used on a regular basis.
• The threat of hackers is also an important restraining factor. For instance, in 2015, hackers remotely took control of a Jeep, stopping it from moving at 70 mph on a St. Louis Highway. Through the on-board entertainment system, the hackers gained access to the vehicle's steering and braking.

Opportunities in Global Automated Vehicle Safety Market:

• The necessity to install advanced driver assistance systems (ADAS) has been fuelled by growing safety concerns over road safety among consumers. Currently, increasing consumer interest, driverless vehicles, and linked vehicles are expected to gain popularity in the next few years. The penetration gap between today's automobiles and tomorrow's cars is anticipated to close as a result of the advanced driver assistance systems (ADAS) shown.
• Self-driving cars and automated technology have so far shown to be extremely safe; however, they are not infallible. There is indeed a lot to explore and lot to develop. Increasing research and development (R&D) is expected to drive the global automated vehicle safety market.

Regional Outlook of Global Automated Vehicle Safety Market

• North America is anticipated to account for a notable share of the market for active safety systems during the forecast period. Moreover, the market in North America is likely to be closely followed by Europe. Additionally, the market for active safety systems in North America is estimated to be dominated by the U.S., while the market for vehicle safety systems in Asia Pacific will be dominated by China and India. Rising car production, more passive safety system content per vehicle, particularly in China and India, and the adoption of more stringent laws are driving the need for automated vehicle safety systems in Asia Pacific.

Key Players Operating in Global Automated Vehicle Safety Market:

Prominent players operating in the global automated vehicle safety market are mentioned as below:

• Continental
• Magna
• ZF Friedrichshafen
• Robert Bosch
• Toyoda Gosei Co. Ltd
• Autoliv
• Delphi Automotive
• Infineon Technologies
• WABCO Vehicle Control System
• Mando-Hella Electronics Corporation

Global Automated Vehicle Safety Market, Research Scope

Global Automated Vehicle Safety Market, by Technology

• Active Safety System
• Passive Safety System

Global Automated Vehicle Safety Market, by Offering

• Hardware
• Software

Global Automated Vehicle Safety Market, by Propulsion

• ICE Vehicles
• Electric vehicles

Global Automated Vehicle Safety Market, by Vehicle Type

• Passenger cars
• Hatchback
  • Sedan
  • Utility Vehicles
  • Light Commercial Vehicles
• Heavy Trucks
• Buses and Coaches

Global Automated Vehicle Safety Market, by Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Nordic Region
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • GCC
  • Turkey
  • South Africa
  • Rest of Middle East & Africa