TechNavio recognizes the following companies as the key players in the Global Automotive Safety Systems Market: Autoliv Inc., Takata Corp., Toyoda Gosei Co. Ltd., and TRW Automotive Holdings Corp.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Automotive Safety Systems market is expected to witness the emergence of smart airbag systems in the near future. The smart airbag is a next-generation product that offers advanced passenger protection for both smaller and larger-sized passenger seats. The primary component of a smart airbag that distinguishes it from a standard airbag is the sensor system. This system is designed to measure the weight and seating position of any passenger in the vehicle. It also notes whether or not the seat belt is fastened. When the vehicle is involved in a collision, the airbag computer makes a spontaneous decision as to how hard the airbag should be deployed from its compartment.”
According to the report, the demand for safety systems due to government regulations in various countries is one of the major growth drivers for this market. At present, governments in various regions, particularly in Europe and North America, are promoting advanced vehicle safety technologies. Initiatives from various governments are also encouraging the use of advanced security features to minimize road accidents.
Further, the report states that the uncertainty of small suppliers is a major threat to the market. OEMs are working with fewer strong suppliers in an attempt to reduce costs, making it difficult for smaller suppliers to penetrate the market.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Delphi Corp., Key Safety System Inc., Nihon Plast Co. Ltd., and Tokai Rika Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-automotive-safety-systems-market-…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report -Global Automotive Safety Systems Market 2012-2016
