The global automotive active bonnet market size will grow by 3.7 million units during 2019-2023. This report provides a detailed analysis of the market by application (sedan, SUV and crossover, and hatchback) and geography (APAC, Europe, MEA, North America, and South America). The report analyzes the market's competitive landscape and offers information on several automotive active bonnet companies including BMW AG, Daimler AG, Jaguar Land Rover Ltd., Volkswagen AG, and Volvo Car Corp.
Key Insights on Automotive Active Bonnet Market – Global Forecast 2019-2023
Browse ToC and LoE with selected illustrations and example pages of Automotive Active Bonnet Market
Industry Overview
Car safety rating programs such as NCAP follows several evaluation criteria based on the region. The increase in the sales of vehicles across the globe has necessitated such safety programs to make rating criteria more stringent. For instance, the Euro NCAP included AEB and active bonnet along with other safety features in its rating parameter from 2015. The Australian New Car Assessment Program (ANCAP) has also included active bonnet in its rating parameter. Such stringent safety rating parameters are expected to be adopted by other countries due to the growing concerns about the safety of pedestrians. These factors will urge automakers to adopt active bonnet in their vehicles, thereby driving the growth of the global automotive active bonnet market size over the forecast period.
The adoption of ADAS in automobiles is one of the major automobile active bonnet market trends influencing growth. Automakers are increasingly adopting ADAS technologies such as DSMS, AEBS, and FCW to avoid collisions. These technologies detect obstacles and warn the driver to slow down the vehicle and, in some cases, it automatically apply brakes to avoid an imminent frontal collision. The adoption of ADAS increases the value of the automotive active bonnet that results in the effective deployment of the active bonnet. As a result of these factors, the global automotive active bonnet market size is expected to grow at a CAGR of over 10% during the forecast period.
Top Companies in Automotive Active Bonnet Market
The global automotive active bonnet market is moderately concentrated. This research report provides a detailed analysis of the market's competitive landscape and provides information on the products offered by various companies. Key insights provided by automotive active bonnet market report will enable companies to create effective strategies to improve their revenue share.
The report offers a detailed analysis of several leading companies including:
- BMW AG
- Daimler AG
- Jaguar Land Rover Ltd.
- Volkswagen AG
- Volvo Car Corp.
Market Segmentation
Automotive Active Bonnet Market by Application
- Sedan
- SUV and crossover
- Hatchback
Automotive active bonnet finds a large number of applications in Sedans. The increasing sales of luxury sedans that come equipped with active bonnet are driving the growth of the segment. Another important factor for the expansion of the segment is the long hood design of sedans that increases the probability of pedestrian impacts.
Automotive Active Bonnet Market Segmentation by Region
- APAC
- Europe
- MEA
- North America
- South America
Europe offers a large number of growth opportunities for automotive active bonnet companies. The high proportion of pedestrian fatalities in road accidents is one of the major factors driving the market's growth in the region. The increasing sales of luxury vehicles are also contributing to the growth of the automotive active bonnet market size in Europe.
Major Highlights of the Automotive Active Bonnet Market – Forecast 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the automotive active bonnet market size during the next five years
- Precise estimation of the global automotive active bonnet market share, size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive active bonnet industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market's competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of automotive active bonnet companies
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