Automotive Safety Systems Market: Growth Drivers and Challenges
Growth Drivers
- Government regulations pertaining to vehicle safety
- Rise in demand for a safe, efficient, and convenient driving experience
- Increasing demand for luxury cars
Challenges
- Security threats
- Maintaining a balance between cost and quality
- The intense rivalry between the manufactures in the automotive industry
Automotive Safety Systems Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
7.9% |
|
Base Year Market Size (2024) |
USD 118.83 billion |
|
Forecast Year Market Size (2037) |
USD 319.3 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of automotive safety systems is assessed at USD 126.81 billion.
Automotive Safety Systems Market size was valued at USD 118.83 billion in 2024 and is expected to reach USD 319.3 billion by 2037, expanding at around 7.9% CAGR during the forecast period i.e., between 2025-2037.
Asia Pacific industry is expected to account for largest revenue share by 2037, owing to rising consumer income levels, increased vehicle production, and increase in the number of luxury vehicles in the region.
The major players in the market are ZF Friedrichshafen AG, Continental AG, Autoliv Inc., Ford Motor Company, Hyundai Motor Group, Magna International Inc., Denso Corporation, among others.
