Global Automotive Safety Electronics Market by Type (Systems, Sensors), By Application (Economy Cars, Luxury Cars, Mid-Priced Cars) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

The Global Automotive Safety Electronics Market size is projected to grow at a CAGR of about 6% over the next decade. The growth in this market can be attributed to the rising demand for safety features in automobiles and rapid developments in electronics technology.

Automotive safety electronics are electronic devices that monitor and regulate motor vehicle systems to provide protection from accidents. It is an automated system that helps drivers prevent or minimize the effects of a collision on passengers in cars. These include airbags, seat belts, anti-lock braking (ABS) sensors, and more advanced features like automatic emergency braking.

Automotive safety electronics include systems, sensors, and other related devices that are used to provide protection against crashes, reduce injury severity, mitigate the environmental impact of accidents and manage post-crash scenarios. These products make up an important part of automotive safety equipment installed on vehicles such as airbags, seat belts, brakes, etc.

On the basis of Types, the market is segmented into Systems and Sensors.

Systems:

Systems on the Automotive Electronics Market are products that make use of safety features. These may be designed to work with a specific type of safety system including airbags or seatbelts. Systems can also provide components for these systems such as sensors or wiring. The global automotive electronics market is segmented into five sub-segments: car navigation systems, infotainment systems, head-up displays (HUD), driver assistance systems, and other automotive electronics.

Sensors:

The sensors automotive safety electronics are devices that help monitor the driver and passengers for any sudden movement during a collision. The data collected from these sensors is then transmitted to an electronic control unit (ECU), which will take appropriate action. For instance, if the ECU detects pressure on its seat-belt buckle in case of collision or sudden forward acceleration, it may deploy airbags or adjust the power steering wheel position when necessary.

On the basis of Application, the market is segmented into Economy Cars, Luxury Cars, and Mid-Priced Cars.

Economy Cars:

Automotive Safety Electronics are used in Economy Cars for safety reasons. They help the driver to control and steer the car in different conditions on a road, as well as keep safe while driving at night or during rainy days. These electronic systems also include sensors that detect traffic signs, red lights of other cars, pedestrians, etc.; they measure rpm speed automatically and can warn drivers before critical situations arise. Data from these devices is transmitted via communication channels over radio waves to the command center; this data helps automakers understand what kind of new features should be featured in their next-generation models and how much money will need to be spent for R&D purposes.

Luxury Cars:

Luxury Carmakers are making good use of automotive safety electronics because these devices help reduce the occurrence of collisions and also assist drivers in avoiding them. which are usually caused by driver fatigue, distractions, or heavy traffic conditions. Luxury car makers use automotive safety electronics to reduce the number of crashes that happen because they help keep a safe distance from other vehicles on the road so there is no chance for accidents to occur. They can detect cars ahead with radar detection systems then activate brakes when necessary in order to avoid collisions from happening, making it easier for luxury car owners to steer clear of any potential hazards while driving down highways at high speeds.

Mid-Priced Cars:

The use of Automotive Safety Electronics in Mid-Priced Cars is on the rise. The number of safety systems and sensors used in cars is poised to grow exponentially as manufacturers strive for faster, more comfortable rides with lower emissions while minimizing accidents and fatalities. One such example could be an active lane-keeping system which would provide advanced warning if a car drifts into another lane or heads off the road without driver input. Other examples include backup cameras, rear parking sensors, radar detection systems (including blind-spot monitors), Infrared Night Vision Assist Monitor/Systems that utilize heat signatures instead of light waves to see objects at night).

On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. In the North American region, the US is predicted to dominate with a market share of 47% in 2021 followed by Canada which holds 11%.

Growth Factors For The Global Automotive Safety Electronics Market:

• The growth will be driven by increasing demand for autonomous vehicles which are equipped with safety features such as collision-avoidance systems or adaptive cruise control that helps avoid collisions and minimize impacts during an accident.
• Further, on the basis of type, Evasive Steering Assistance Systems (ESAS) is predicted to grow at high double-digit rates over the forecasted timeframe owing to growing incidences of accidents worldwide leading to increased regulations for safer automobiles across geographies. 
• Increase in Focus on Passenger Safety by Manufacturers and Governments across Various Regions of the World. Thus, there is a need to equip passenger vehicles with various types of electronic systems such as seat belt sensors which detect if passengers are wearing their seat belts or not.
• Increasing adoption of smart cars as well as connected vehicle services and enhanced driver experience through infotainment systems. The rising popularity of autonomous vehicles is also anticipated to fuel demand.

Up Market Research published a new report titled “Automotive Safety Electronics Market research report which is segmented by Types (Systems, Sensors), By Applications (Economy Cars, Luxury Cars, Mid-Priced Cars), By Players/Companies Autoliv, Bosch, Continental AG, Denso, ZF, ADVICS, Aisin Seiki, Aptiv (Delphi Automotive), Gentex, HARMAN, Hella, Hitachi, Hyundai Mobis, Infineon Technologies, Magna International, Mando (Halla Group), Nidec Elesys, NVIDIA Corporation, NXP Semiconductor, Omnivision, Panasonic, QNX, Renesas Electronics, Texas Instrument”.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Automotive Safety Electronics Market Report Segments:

The market is segmented by Type Systems, Sensors and By Application Economy Cars, Luxury Cars, Mid-Priced Cars.

Some of the companies that are profiled in this report are:

1. Autoliv
2. Bosch
3. Continental AG
4. Denso
5. ZF
6. ADVICS
7. Aisin Seiki
8. Aptiv (Delphi Automotive)
9. Gentex
10. HARMAN
11. Hella
12. Hitachi
13. Hyundai Mobis
14. Infineon Technologies
15. Magna International
16. Mando (Halla Group)
17. Nidec Elesys
18. NVIDIA Corporation
19. NXP Semiconductor
20. Omnivision
21. Panasonic
22. QNX
23. Renesas Electronics
24. Texas Instrument

Automotive Safety Electronics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Automotive Safety Electronics Market

Overview of the regional outlook of the Automotive Safety Electronics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Automotive Safety Electronics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Automotive Safety Electronics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.
6. By Type:

                1. Systems

                2. Sensors

                1. Economy Cars

                2. Luxury Cars

                3. Mid-Priced Cars

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Automotive Safety Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
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Reasons to Purchase the Automotive Safety Electronics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.