Research Nester published a report titled “Crash Test Dummies Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global crash test dummies market in terms of market segmentation by technology, by application, by end-user and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global crash test dummies market is segmented by product type into male, female and child dummy; by crash type into frontal crash, side crash and bumping; by end users into automotive crash testing, aerospace crash testing and others and by regions. The global crash test dummies market is estimated to garner significant market size by the end of 2027 by growing at a notable CAGR between 2019 and 2027 on the back of growing adoption of high degree of safety regulations pertaining to road safety across the globe.
This market is expected to witness substantial growth rate on the back of increasing number of vehicles that are produced on an annual basis, thereby increasing the demand for crash test dummies around the world. For instance, around 95 million cars and commercial vehicles were produced during 2018 as per the production statistics by OICA’s (International Organization of Motor Vehicle Manufacturers). To adhere to all the safety standards, there is a high demand for crash dummies. This increased demand is estimated to support the growth rate of market in upcoming years.
Regionally, the market in Asia-Pacific region is estimated to witness significant growth in the crash test dummies market owing to the presence of emerging economies like China and India with strong economic growth rate that is reflected through increased demand for automobiles in these countries. Rise in implementation of latest technologies and research and development activities in automotive sector is estimated to considerably impact the growth of the market in North America region.
Increasing Vehicle Production and Stringent Road Safety Regulations
With a target of minimizing the global death count and injuries caused by road traffic crashes, government bodies from different regions are implementing strict safety regulations. Due to high rate of highway accidents, most of the governments are under tremendous pressure from international organizations to implement strict rules and safety regulations for road safety. According to statistics provided by the World Health Organization (W.H.O.), approximately 1.35 million people die each year as a result of road traffic crashes. These factors are anticipated to drive the growth of the market over the forecast period.
However, the increasing cost of automobiles on the back of safety guidelines leading to installation of safety measures such as airbags, speed alerts among other features is expected to negatively affect the market growth during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global crash test dummies market which includes company profiling of 4activeSystems GmbH, Cellbond Ltd., Dynamic Research, Inc., Humanetics Innovative Solutions, Jasti Co., Ltd., TASS International and GESAC, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global crash test dummies market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.