London, 27 April 2015 – Because of growing demand for better car safety features, the global automotive passive safety systems market is expected to grow at a CAGR of 6.90% from 2015-2019, says research firm Technavio.
Advanced vehicle safety is no longer restricted to premium vehicles. Consumers have become more aware and are taking an interest in improving car safety devices. Electronic equipment is now being installed in entry-level vehicles, which are in high demand in emerging markets.
“The high demand for electronic equipment in emerging markets has increased the demand for in-vehicle electronic devices to examine situations and prevent accidents,” says Faisal Ghaus, Vice President of Technavio.
The latest automotive industry analysis report by Technavio draws attention towards augmented demand for pedestrian safety systems. Pedestrian safety is considered one of the crucial factors by both government and automobile manufacturers.
“With the growing concerns for pedestrians’ safety, automobile manufacturers are designing, developing and equipping automobiles with pedestrian safety systems,” says Ghaus.
Automobile manufacturers are working on passive safety systems like energy absorption front end, airbags and hood lifters, as well as active pedestrian safety initiatives like driver assistance systems and pedestrian detection system.
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
