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Automotive Safety Systems Market Growth Opportunities, Trends by Manufacturers, Regions, Application and Forecast to 2028

Automotive Safety Systems Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Technology (Active Safety Systems, Passive Safety Systems); Offerings (Hardware, Software); Vehicle Type (Light Commercial Vehicles, Passenger Car, Medium and Heavy Duty Commercial Vehicle) and Geography

Automotive safety systems refer to the gear that is embedded within the vehicle to minimize the occurrence and consequences of traffic collisions. Automotive safety systems are one of the most important parts in the automobile manufacturing industry.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis – https://www.theinsightpartners.com/sample/TIPTE100001282/

Companies Profiled in this report includes: Autoliv Inc., Continental AG, DENSO CORPORATION, Joyson Safety Systems, ZF Friedrichshafen AG, Valeo, Mobileye, Robert Bosch GmbH, Infineon Technologies AG, Knorr-Bremse AG

MARKET DYNAMICS

Drivers:

Government regulations related to safety in vehicles

Continuous evolution in the safety systems and increased demand for safety systems

Restraint:

Complex and expensive features

MARKET SEGMENTATION

On the basis of technology, the market is segmented as Active Safety Systems and Passive Safety Systems

On the basis of Vehicle Type, the market is segmented into Light Commercial Vehicles, Passenger Car, and Medium & Heavy Duty Commercial Vehicle.

On the basis of offerings, the market is segmented into hardware and software.

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 IMPACT OF COVID-19 ON AUTOMOTIVE SAFETY SYSTEMS MARKET

COVID-19 severely impacted the automobile industry by the end of 2020 as there were several travel bans and other lockdown related restrictions imposed across the globe. The impact of the pandemic extends to all segments of the aviation and aerospace industry, including Automotive Safety Systems manufacturers. As a result of travel restrictions and economic slowdown due to the pandemic and the consequent fall in demand, automotive manufacturers have been focusing on reducing costs and expenses, which includes cutting back on production spending. Due to long duration of halts in the supply chain of major automotive production, the Automotive Safety Systems suppliers have been facing a reduction in demand. However, as the lockdown measures start getting lifted, the demand for passenger cars with improved safety features is expected to rise. Since Automotive Safety Systems are one of the vital components of safety features in luxury passenger cars and heavy duty commercial vehicles, the market of Automotive Safety Systems is expected to regain momentum.

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 About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Contact Person: Sameer Joshi

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