Integrated safety system is used for safety application in vehicles. It plays an important role in all types of vehicles. The system which includes various safety systems such as anti-lock breaking system, traction control system called integrated safety system. The purpose of an integrated safety system is to provide all safety related functions for all types of vehicles at a minimum cost. An integrated safety system offers several advantages such as low cost, compact in size, driving comfort, traffic information, and safety alerts. It also indicates the health of an electric battery, and provides information regarding overall condition of the vehicle.
Increase in demand for safety in all types of vehicles for accident-free travelling, high adoption of driver assistance system for comfortable driving experience, and introduction of strict government policies regarding safety and pollution are anticipated to drive the automotive integrated safety system market during the forecast period. However, high cost of automotive integrated system is anticipated to hinder the growth of market in upcoming forecast period.
The automotive integrated safety system market can be segmented based on safety system, component, vehicle, and region. Based on safety system, the automotive integrated safety system market can be divided into supplemental restraint system, anti-lock braking system (ABS), traction control system, hill assist system, cruise control, and adoptive front lighting. Furthermore, a supplementary restraint system is used in almost every vehicle, it is known as the airbag system. The supplementary restraint system is placed in the steering wheel of the vehicle and other important part of vehicle such as side windows and rear seats. It works with seatbelt and prevents impact of the driver’s face and chest with the steering wheel during a collision.
In terms of component, the automotive integrated safety system market can be segregated into Radar sensor, ultrasonic sensor, infrared sensor, LIDAR sensor, safety camera, and seatbelt.
Furthermore, the Radar sensor segment can be sub-segmented into short-range Radar, medium-range Radar, and long-range Radar. The Radar sensor is a key component for vehicle safety. In blind spot detection, Radar sensor is used. Radar sensors placed in side mirrors and the rear bumper in a vehicle provide continuous signals from the rear and sides, which provide audio and visual alert and prevent collision. Furthermore, Radar sensors are utilized in lane keep assistance systems to avoid accidents during lane changing. Moreover, Radar sensors offer several advantages such as emergency braking, cross traffic alerts, adaptive cruise control, and blockage detection. The Radar sensor segment dominated the overall automotive integrated safety system market and is anticipated to maintain its dominance during the forecast period.
In terms of vehicle, the automotive integrated safety system market can be segmented into passenger vehicle and commercial vehicle. The passenger vehicle segment is further sub-segmented into SUVs, MUVs, sedans, and hatchbacks. Sedan consist of all safety features which are important for humans and they give better driving comfort. The sedan sub-segment is expected to lead the automotive integrated safety market during the forecast period owing to rise in sales of sedan vehicle across the globe.
Based on region, the automotive integrated safety system market can be segmented into North America, Europe, Middle East & Africa, and Asia Pacific. Asia Pacific is expected to lead the automotive integrated safety system market during the forecast period due to the booming automotive industry in the region, especially in China, Japan, and India. Furthermore, the countries in Asia Pacific are developing and their governments are supporting the automotive industry through various facilities.
Key players operating in the automotive integrated safety system market are Continental AG, TASS International, Delphi Automotive LLP., DENSO CORPORATION, Valeo, Autoliv, Mobileye, ZF Friedrichshafen AG, Delphi Automotive LLP, and Robert Bosch GmbH.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
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