Global Driver Safety Systems Market by Safety Systems (Traction control system, Anti-lock braking system , Hill assist system, Adaptive front lighting, Airbag, Cruise control), by Sensor-Based Safety Systems (Infrared sensor, Safety camera, Ultrasonic sensor, LIDAR sensor, seatbelt), Vehicle Type (Passenger Vehicle and Commercial Vehicle) and by region (North America, Europe, Asia Pacific, Middle East & Africa & South America) Global Driver Safety Systems Market was valued at US$ 23.02Bn in 2017 and is expected to reach US$ 102.10Bn by 2026, at a CAGR of 20.46% during a forecast period.
Driving factors for the Driver Safety Systems Market are increasing the adoption in most of the premium and many entry‐level vehicles now contain some sort of a combined hardware and software module that supports connectivity via a cellular network or Bluetooth connection to a data‐enabled cell phone. Such a platform is growing its penetration in primarily as Driver Safety Systems. Smartphones are showing the benefits of getting a mobile knowledge association, and currently, the auto trade is bitten by bit wakening to the actual fact that providing the client with web connectivity-on the go, alongside different safety and caretaker services may well persuade be the key to surviving within the market within the future. High cost and Huge Investment will act as restraints to the market.
In Safety system, Anti-lock Braking System (ABS) Market segment is leading the Driver Safety Systems Market.
Emergency braking or maybe braking on a wet or slippery surface will cause the wheels of the vehicle to lock. Locking wheels scale back the adhesion between tires and also the paved surface and create the vehicle unsteerable. The antilock braking system (ABS) most commonly use in today passenger and commercial vehicle for safety and prevents the wheels from locking and enables safe braking. The ABS system reduces very quickly the braking pressure on that single wheel until the threat of locking is past. Once the wheel turns freely once more, brake pressure is once more enhanced. Today’s government have made ABS mandatory in many countries to adopt ABS breaking system. Example – In India all vehicle manufacturer are having compulsion to include abs system in vehicle.
In Trends – Embedded vision.
Automotive vision systems area unit progressively essential for distinguishing and chase potential hazards. Besides providing important input for high-level warning functions like lane drift or unobserved traffic, these systems offer the information required to support a growing array of services as well as automatic parallel parking or traffic sign recognition for speed-change warning. Vision systems conjointly offer the inspiration for driver observance systems that warn once driver attention begins to wander from somnolence or distraction. The emergence of specialized computer-vision package, hardware and development systems has virtually erased ancient challenges in making these systems.
Asia Pacific is the leading regional market for Driver Safety Systems Market.
Asia now boasts some of the world’s fastest-growing economies and is a major contributor to global growth. China and its neighbor, India, Asia also has a former powerhouse in manufacturing sector with Japan, an increasingly affluent South Korea. Other Asian countries such as India, Japan, and South Korea are also strong, and the region’s ascendancy in the global economy is likely to continue. Asia’s large contributions to global supply and demand have benefitted foreign firms alone.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as TRW Automotive Holdings Corp, Takata Corp, Toyoda Gosei Co. Ltd, and Autoliv Inc, Tokai Rika Co. Ltd, Delphi Automotive LLP, Hyundai Mobis, Nihon Plast Co. Ltd., Raytheon Co., FLIR Systems Inc., Continental AG, Hella KGaA Hueck & Co, East Joy Long Motor Airbag Co. Ltd., Tokai Rika Co. Ltd and Infineon Technologies AG.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Driver Safety Systems Market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Driver Safety Systems Market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Driver Safety Systems Market positioning of competitors.
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