Global Automotive City Safety Market Size, Share and Trends Analysis Report, By Type (Original Equipment Manufacturers (OEMs) and Aftermarket), By Vehicle (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles), Forecast (2022-2028)

The global automotive city safety market is anticipated to grow at a CAGR of 5.8% during the forecast period (2022-2028). The major factor expected to drive the market growth is the increasing number of accidents due to abrupt lane changes and government strict rules and regulations regarding the safety of the consumers. In addition, continuous technological advancements in the automotive industry by adding new features to automobiles to reduce road accidents and enhance the safety of both passengers and drivers, driving the implementation of advanced driver assistant systems (ADAS) are some factors that propel the growth of the global automotive city safety market during the forecast period.

Additionally, by application segment, original equipment manufacturers (OEMs) are expected to hold potential share in the market during the forecast period owing to the rising popularity of sophisticated security measures, as well as government safety standards for automobiles. In addition, the companies are providing a lot of facilities in their cars such as Lane departure warning system (LDWS), and advanced driver assistant systems (ADAS), among others.

Some major players in the market include Autoliv Inc., Continental AG, and Magna International Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in January 2021, ZF Friedrichshafen AG announced the launch of a new electric vehicle braking system for regenerative braking to improve battery efficiency. Furthermore, in March 2020, ZF Friedrichshafen AG announced the acquisition of WABCO. The cause behind the acquisition is to become a world leader in commercial automotive systems and improve the existing digital platforms in the market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Vehicle
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

 

• Competitive Landscape- Autoliv Inc., Continental AG, and Magna International Inc., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Automotive City Safety Market Report by Segment

By Type

• Original Equipment Manufacturers (OEMs)
• Aftermarket

By Vehicle

• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicles

Global Automotive City Safety Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa