London, 03 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the global automotive active safety market 2015-2019, which is expected to grow at a CAGR of 19.2% during 2014-2019.
The increase in the volume of vehicles produced every year is one of the biggest market drivers, as the higher the number of vehicles produced, the higher the number of active safety systems required. Drivers as well as automobile OEMs have been emphasizing measures that prevent road accidents rather than those that reduce the effects of accidents. Thus active safety systems are gaining popularity.
“Driverless, or autonomous, cars spend less time in near-collision states, making them much safer and smoother to drive than a car driven by a professional driver,” says Faisal Ghaus, Vice President of Technavio.
“Autonomous cars constantly map the environment using radars and lasers to make passengers safe. They even assist in minimizing traffic congestion.”
Key Market Drivers
- Growing demand for safety solutions
- Increase in automobile output
- Increase in number of road accidents
- Stringent safety standards
- Advances in sensor technology
Key Market Trends
- Increased focus on driverless cars
- Cloud support and services
- Use of AHSS
Key Market Vendors
- Delphi
- TRW Automotive
- Robert Bosch
- Continental
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
