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The European New Car Assessment Programme (NCAP) and the National Highway Transport Safety Administration (NHTSA) are implementing stringent regulations for automobile manufacturers to install the safety system in the vehicles. Also, increasing road fatalities owing to road accidents are causing governments to make mandatory for the safety system install in the cars. The rising awareness among the consumers regarding safety technologies is also expected to drive the market over the forecast period. The primary purpose of the active safety system is to prohibit the accident by helping the driver to early detection. The growing adoption of autonomous cars is also likely to drive the active safety sensor market. The active safety sensors are developed and equipped in the vehicle to make the driving experience superior, coupled with increased safety.
Key Market Driver -
The implementation of stringent regulations for the passenger safety is expected to drive the market.
Key Market Restraint -
The high cost of the active safety sensor is expected to restrain the market’s growth.
Customers increasing expenditure towards the safety system in the vehicles has also led to the generation of numerous opportunities for the market players. However, the high cost of active safety sensors is expected to restrain the growth of the market.
The major players that are present in the global automotive active safety sensors market include Continental AG, Aptiv PLC., Robert Bosch GmbH, Valeo, among others.
Globally, the automotive active safety sensors market has been segmented based on the application type, sensor type, vehicle type, and region. Based on the application type, the further market has been segmented into the antilock braking system, adaptive cruise control, traction control, lane departure warning, and others. The adaptive cruise control segment is expected to dominate the market over the forecast period owing to its active detection of a safe gap between the vehicles and enables drivers about safety and convenience. The antilock braking system is expected to show good growth in the market over the forecast period.
By sensor type, further, the market has been segmented into the camera sensor, radar sensor, LiDAR sensor, and others. The radar sensor segment is expected to dominate the market over the forecast period owing to large scale usage in the passenger cars owing to implementation in the active safety system. The camera sensor segment is also expected to show good growth in the market over the forecast period.
Based on vehicle type, further, the automotive active safety sensors market has been segmented into passenger cars and commercial vehicles. The passenger car segment holds the largest market share in the automotive active safety sensors market and is also expected to dominate the market over the forecast period. The growing sales and production of passenger cars with an active safety system in developing countries is expected to drive the segment’s growth in this market. The rising adoption of the active safety system in passenger cars owing to stringent government regulations regarding safety is also likely to drive the segment’s growth in this market. The commercial vehicle segment is also expected to show good growth in this market over the forecast period.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW). Asia Pacific is expected to dominate the market over the forecast period owing to factors such as the rising sales and production of passenger cars in developing countries such as China and India. The growing adoption of the safety system in this region, owing to increasing awareness among the consumers, is also likely to drive the market’s growth in this region.
North America is also expected to show good growth in the automotive active safety sensors market over the forecast period. The government stringent safety regulations by the National Highway Traffic Safety Administration (NHTSA) in this region and also increasing demand for autonomous cars in this region are likely to drive the market’s growth in this region.
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Europe is anticipated to dominate the automotive active safety sensors market over the forecast period. The stringent government safety regulations owing to the rising number of road accidents in this region are making it mandatory to install an active safety system in the new vehicles.
By Application Type
By Sensor Type
By Vehicle Type
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