Global Automotive Safety Systems Market Overview
Product Overview and Scope of Automotive Safety Systems
Automotive safety systems refer to the sector of the economy that is involved in the creation, production, and use of various technologies and safety features in cars. These systems are primarily intended to reduce the probability of collisions, safeguard passengers within the vehicle, and lessen the degree of injuries in the case of a collision or other dangerous circumstances on the road.
Several different technologies and parts are included in automotive safety systems, which together improve vehicle safety. Active Safety Systems are intended to lessen the effects of accidents or even prevent them altogether. By preventing wheel locking during braking, the Anti-lock Braking System (ABS) enables the driver to keep control of the steering. By applying individual brakes and lowering engine power to prevent skidding or loss of control, Electronic Stability Control (ESC) contributes to maintaining vehicle stability.
The traction control system (TCS) controls excessive wheel spin and keeps an eye on wheel speed to increase traction in slick conditions. On highways, adaptive cruise control (ACC) maintains a certain distance from the car in front by automatically altering the speed. Sensors, cameras, and radar are used by collision avoidance systems to identify impending crashes and warn the driver or take action on their own to prevent or lessen the impact.
Global Automotive Safety Systems Market – Global Industry Analysis
Market Drivers
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Increasing awareness towards the safety and security of passengers significantly drives the market growth
Increasing awareness among consumers about the importance of safety features in vehicles is driving the demand for the automotive safety systems market. Consumers are becoming more conscious of the risks related to driving and are seeking vehicles with advanced safety technologies to ensure their well-being. In addition, safety is an important requirement in the automotive industry and any failure in safety or security results in serious harm or death. The increasing number of road accidents worldwide is a major driver for automotive safety systems. Furthermore, governments and organizations are increasingly focusing on reducing accidents and mortalities. For instance, The U.S. Department of Transportation (DOT) under the National Highway Traffic Safety Administration (NHTSA) is committed to reaching an era of crash-free roadways through the deployment of innovative safety technologies.
The vehicles are integrated with advanced safety technologies and automated driving features including padded knee bolsters, passenger sensing systems, auto-dimming mirrors or electrochromic mirrors, and energy-absorbing systems steering systems, which protect passengers from major injuries. Furthermore, educational initiatives by governments, automotive manufacturers, and safety organizations focus on educating passengers about the importance of safety systems. These programs provide information regarding the proper use of seat belts, kid safety seats, and other safety measures. These activities help to increase demand for vehicles with complete safety features by increasing passenger knowledge and understanding. As a result, increasing safety and security awareness drive the growth of the automotive safety system market in the forecast period.
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Increasing vehicle population in developing regions is significantly driving the automotive safety system market growth
Global Automotive Safety Systems Revenue by Regions (2018-2023)
Global Automotive Safety Systems Revenue and Market Share (%) by regions (2018-2023)
Global Automotive Safety Systems Revenue (USD Billion) by regions (2018-2030)
|
2018 |
2019 |
2020 |
2022 |
2025 |
2030 |
CAGR |
|
|
North America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Europe |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Asia Pacific |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Latin America |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Middle East & Africa |
XX |
XX |
XX |
XX |
XX |
XX |
XX |
|
Total |
XX |
XX |
XX |
104.2 |
XX |
XX |
7.8% |
Global Automotive Safety Systems Revenue Market Share (%) by regions in 2022
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Global Automotive Safety Systems Revenue Market Share (%) by regions in 2022 |
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|
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Source: Cognitive Market Research |
Based on region, North America is dominating the automotive safety system market share throughout the forecast period. This is due to the increasing adoption of advanced safety technologies and the implementation of stringent safety regulations in the region. For instance, the United States has the National Highway Traffic Safety Administration (NHTSA), which sets safety standards and regulations for vehicles. Additionally, increasing awareness of the importance of automotive safety and consumer demand for safer vehicles in the region. This factor affects the increase in the automotive safety system market growth in the region.
Global Automotive Safety Systems Revenue by Segment
Global Automotive Safety Systems Market by Technology
- Active safety system
- Passive safety system
| Revenue Market Share (%) of Automotive Safety Systems by Technology |
|
|
The passive safety system segment has dominated the automotive safety systems market in terms of revenue share during the forecast period. This is attributed to passive safety systems are intended to keep car occupants safe in the case of an accident. In addition, these systems include seat belts, airbags, crumple zones, and structural integrity enhancements. Passive safety systems are critical for occupant protection and are well-established and widely used in the automotive industry. Furthermore, the passive safety system structure of the car is fitted with crumple zones and high-strength glass. This is expected to drive the growth of this segment in the automotive safety systems market.
Global Automotive Safety Systems Market by Vehicle Type
- On-Highway Vehicle
- Off-Highway Vehicle
- Electric Vehicle
Global Automotive Safety Systems Market by Offering
- Hardware
- Software
Global Automotive Safety Systems Manufacturers Profiles/Analysis
Robert Bosch Gmbh
Robert Bosch Gmbh Company Basic Information, and Sales Area
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|
Item |
Description |
|
1 |
Company Name |
Robert Bosch Gmbh |
|
2 |
Website |
www.bosch.com |
|
3 |
Established Date |
1886 |
|
4 |
Headquartered |
Germany |
|
5 |
Market Position/History |
Robert Bosch Gmbh was founded in 1886. In 1897, Bosch started installing magneto ignition devices into automobiles and became the only supplier of ignition devices. However, in 1901, the first Bosch factory was constructed, and till 2021, 440 subsidiaries and regional companies in approximately 60 countries. The company has 3,95,000 employees working across the globe. Further, Bosch acquired a 26% stake in SUN Mobility. The company also forayed into the e-commerce space with new-age partners such as Amazon, Flipkart, E-Dealers, and in 2020 with GEM. |
|
6 |
Sales Area |
Worldwide |
|
7 |
Manufacturing Location |
Germany and others |
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8 |
No. of Employees |
3,95,000 |
|
9 |
Competitors |
Delphi Automotive PLC Continental AG Denso Corporation Magna International Inc. DENSO CORPORATION Toyoda Gosei Co. Ltd. Autoliv Inc. Toyota Boshoku., |
|
10 |
Ownership Type |
Private Limited |
|
11 |
Contact Adress |
Lautenschlagerstraße 20, 70173 Stuttgart, Germany Tel: +4971140040990 Fax: +49 711 6155 41-15 |
Business Segment/ Overview:
Robert Bosch Gmbh is a Germany-based global manufacturer and supplier of technology and services. It employs roughly 3,95,000 employees worldwide. Robert Bosch Gmbh operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company operates through 440 subsidiaries and approximately 60 regional companies along with 16 manufacturing sites
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Robert Bosch Gmbh Revenue Market Share (%) (2018-2022) |
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|
|
Source: Cognitive Market Research |
Investment in Research and Development
Research and development costs incurred and charged to income for the fiscal years ended December 31, 2021, and 2020 were $6758.59 million and $6290.79 million respectively.
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Robert Bosch Gmbh R&D Investment (USD Million) (2020-2021) |
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|
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Source: Cognitive Market Research |
Robert Bosch Gmbh Net Sales, By Segments (2020-2021) (USD Million)
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Source: Cognitive Market Research |
Robert Bosch Gmbh Net Sales, By Region (2020-2021)
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|
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Source: Cognitive Market Research |
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Automotive Safety Systems Market Product Types Specification
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Product |
Product Description |
|
Integrated safety systems |
It is equipped with more advanced safety technologies coupled with automated driving features. The system provides a new level of occupant protection through intelligent networking of components. Reduced injury risk due to earlier and more reliable triggering of the safety features. Front radar sensor The front radar sensor is employed to enhance comfort and safety and enables automated driving. Multi-purpose camera The multi-purpose camera provides artificial intelligence for image-processing algorithms. Sensor data fusion Sensor data fusion provides a detailed image and powerful interpretation of the vehicle’s surroundings. Benefits:
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Business Strategy
The company is involved in the diversification of its business in several different fields which is expected to expand its business operations around the world. Bosch has focused on strategic acquisitions and mergers to enhance the product offering of the company. The company is following a growth strategy such as the constant introduction of new products to expand its consumer base of the company. In addition, the company is involved in the adoption of advanced technology to enhance its manufacturing efficiency which is expected to increase the growth of the company. Bosch has done significant investments in research and development to create innovative products and develop the robust product portfolio
