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Automotive Passive Safety System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR45177
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The automotive passive safety system market share is expected to increase by USD 3.35 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.58%.

This automotive passive safety system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive passive safety system market segmentation by type (airbags, seatbelts, whiplash protection systems, and occupant sensing systems) and geography (APAC, North America, Europe, South America, and MEA). The automotive passive safety system market report also offers information on several market vendors, including Autoliv Inc., Continental AG, DENSO Corp., Faurecia SE, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., Ningbo Joyson Electronic Corp., Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG among others.

What will the Automotive Passive Safety System Market Size be During the Forecast Period?

Automotive Passive Safety System Market Size

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Automotive Passive Safety System Market: Key Drivers, Trends, and Challenges

The adoption of passive safety systems in vehicles in developing countries is notably driving the automotive passive safety system market growth, although factors such as a sharp decline in automobile production and sales may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive passive safety system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Passive Safety System Market Driver

The adoption of passive safety systems in vehicles in developing countries is one of the key factors driving the growth of the global automotive passive safety system market. Side airbags are part of passive safety systems, and with the increase in government norms regarding passenger safety, their usage is increasing. The penetration of these passive safety systems, like side airbags, is higher in developed countries than in developing countries. However, emerging markets have witnessed robust growth in automobile sales due to the ideal population demographics, strong economic growth, and elevated purchasing power. The high purchasing power and strong economic growth are also creating a robust market for luxury and premium vehicles in these regions. Although various regulations enforce the use of passive safety systems as standard fitment, many OEMs are marketing vehicles with these types of safety features as product differentiators. Economic growth in BRICS nations has also propelled the growth rates of the automotive industry. Such factors will accelerate the growth of the automotive passive safety system market during the forecast period.

Key Automotive Passive Safety System Market Trend

Future regulations on curtain airbags to boost the market will fuel the global automotive passive safety system market growth. Most cars have airbags as a factory fitment. Even price-sensitive markets like India have mandated frontal airbags in all cars since October 2018. Strict safety regulations implemented worldwide by regulatory bodies are a key reason for the mandatory inclusion of airbags. They play a key role in reducing the risk of fatalities and injuries, which is contributing to the increase in sales of airbags by OEMs. In certain countries, such as the US, Australia, and several European nations, there is a high penetration of vehicles equipped with multi-level control airbags and side collision airbags (side airbags and curtain shield airbags). There is a significantly large market for curtain airbags in Asian countries as well. However, there are no standards/regulations that mandate curtain airbags in vehicles in Asian countries. Frequent tests on the quality and the working of curtain airbags have convinced regulators about their efficacy. Regulatory bodies are focusing on implementing regulations on curtain airbag products to ensure high quality and the right type of materials are used. These bodies are mandating the use of such devices in vehicles to ensure passenger safety.

Key Automotive Passive Safety System Market Challenge

The sharp decline in automobile production and sales is the major challenge for the global automotive passive safety system market growth. All passenger cars and commercial vehicles have windshields and windows. Therefore, the overall production and sales of automobiles will have an impact on the global automotive glass market. Since 2018, the global automotive market has been registering a slump in terms of sales and production, which is leading to a decline in the demand for several automotive components. The sales of light vehicles in the US dropped by about 3.1% from January-March 2019 compared with the same period in the previous year. Automotive production in Germany, the UK, and China, among other countries, has been declining since 2017. China registered a decline of about 12.4% in automotive sales during the first half of 2019. Automotive production in other major automotive manufacturing countries, such as India, Japan, and the US, registered growth during 2017-2018. Such factors that adversely affect automotive sales and production are reducing the demand for automotive components and parts, such as passive safety systems, in the global automotive market and hampering the growth of the global automotive passive safety system market.

This automotive passive safety system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive passive safety system market as a part of the global automotive components and accessories market within the global auto components market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive passive safety system market during the forecast period.

Who are the Major Automotive Passive Safety System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Autoliv Inc.
  • Continental AG
  • DENSO Corp.
  • Faurecia SE
  • Hyundai Mobis Co. Ltd.
  • Nihon Plast Co. Ltd.
  • Ningbo Joyson Electronic Corp.
  • Tokai Rika Co. Ltd.
  • Toyoda Gosei Co. Ltd.
  • ZF Friedrichshafen AG

 

This statistical study of the automotive passive safety system market encompasses successful business strategies deployed by the key vendors. The automotive passive safety system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Autoliv Inc. - The company manufactures passive safety systems such as airbags and seatbelts for automobiles.

To make the most of the opportunities and recover from post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive passive safety system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Passive Safety System Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive passive safety system market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global auto components market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Passive Safety System Market?

Automotive Passive Safety System Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

55% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the automotive passive safety systems market in APAC. Market growth in this region will be faster than the growth of the market in regions.

The adoption of passive safety systems in vehicles in developing countries will facilitate the automotive passive safety system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 created a supply-demand imbalance for automotive electronic components. The supply-demand imbalance continued till the last quarter of 2020. The last quarter of 2020 witnessed a surge in the sales of passenger vehicles, as well as that of battery electric vehicles as a result of the lifting of lockdowns. Meanwhile, the use of automotive sensors has been increasing in the region due to the rising demand for safety in vehicles, which spurred the growth of passive safety system manufacturers such as Bosch and Continental in the last quarter of 2020. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.

What are the Revenue-generating Type Segments in the Automotive Passive Safety System Market?

Automotive Passive Safety System Market Share

To gain further insights on the market contribution of various segments Request a PDF Sample

The automotive passive safety system market share growth in the Airbag segment will be significant during the forecast period. Airbags are automotive safety features that are engineered to inflate at a rapid speed during an accident. Inflated airbags help in protecting in-vehicle occupants in the event of a crash. Therefore, they are categorized under automotive passive safety features.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive passive safety system market size and actionable market insights on post-COVID-19 impact on each segment.

 

Automotive Passive Safety System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.58%

Market growth 2021-2025

$ 3.35 billion

Market structure

Fragmented

YoY growth (%)

1.07

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 55%

Key consumer countries

China, US, Germany, Japan, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Autoliv Inc., Continental AG, DENSO Corp., Faurecia SE, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., Ningbo Joyson Electronic Corp., Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Passive Safety System Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive passive safety system market growth during the next five years
  • Precise estimation of the automotive passive safety system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive passive safety system industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive passive safety system market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis for automotive components and accessories

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 15: Type - Market share 2020-2025 (%)
    • 5.2 Comparison by Type
      • Exhibit 16: Comparison by Type
    • 5.3 Airbags - Market size and forecast 2020-2025
      • Exhibit 17: Airbags - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Airbags - Year-over-year growth 2020-2025 (%)
    • 5.4 Seatbelts - Market size and forecast 2020-2025
      • Exhibit 19: Seatbelts - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Seatbelts - Year-over-year growth 2020-2025 (%)
    • 5.5 Whiplash protection system - Market size and forecast 2020-2025
      • Exhibit 21: Whiplash protection system - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Whiplash protection system - Year-over-year growth 2020-2025 (%)
    • 5.6 Occupant sensing system - Market size and forecast 2020-2025
      • Exhibit 23: Occupant sensing system - Market size and forecast 2020-2025 ($ million)
      • Exhibit 24: Occupant sensing system - Year-over-year growth 2020-2025 (%)
    • 5.7 Market opportunity by Type
      • Exhibit 25: Market opportunity by Type

    6 Customer landscape

    • 6.1 Customer Landscape
      • Exhibit 26: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 27: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 28: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.5 Europe - Market size and forecast 2020-2025
      • Exhibit 33: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: Europe - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 35: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 37: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 38: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 39: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 40: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 41: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 42: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 43: Landscape disruption
          • Exhibit 44: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • 10.2 Market positioning of vendors
            • Exhibit 46: Market positioning of vendors
          • 10.3 Autoliv Inc.
            • Exhibit 47: Autoliv Inc. - Overview
            • Exhibit 48: Autoliv Inc. - Business segments
            • Exhibit 49: Autoliv Inc. – Key news
            • Exhibit 50: Autoliv Inc. - Key offerings
          • 10.4 Continental AG
            • Exhibit 51: Continental AG - Overview
            • Exhibit 52: Continental AG - Business segments
            • Exhibit 53: Continental AG - Key offerings
            • Exhibit 54: Continental AG - Segment focus
          • 10.5 DENSO Corp.
            • Exhibit 55: DENSO Corp. - Overview
            • Exhibit 56: DENSO Corp. - Business segments
            • Exhibit 57: DENSO Corp. - Key offerings
            • Exhibit 58: DENSO Corp. - Segment focus
          • 10.6 Faurecia SE
            • Exhibit 59: Faurecia SE - Overview
            • Exhibit 60: Faurecia SE - Business segments
            • Exhibit 61: Faurecia SE – Key news
            • Exhibit 62: Faurecia SE - Key offerings
            • Exhibit 63: Faurecia SE - Segment focus
          • 10.7 Hyundai Mobis Co. Ltd.
            • Exhibit 64: Hyundai Mobis Co. Ltd. - Overview
            • Exhibit 65: Hyundai Mobis Co. Ltd. - Business segments
            • Exhibit 66: Hyundai Mobis Co. Ltd. – Key news
            • Exhibit 67: Hyundai Mobis Co. Ltd. - Key offerings
            • Exhibit 68: Hyundai Mobis Co. Ltd. - Segment focus
          • 10.8 Nihon Plast Co. Ltd.
            • Exhibit 69: Nihon Plast Co. Ltd. - Overview
            • Exhibit 70: Nihon Plast Co. Ltd. - Business segments
            • Exhibit 71: Nihon Plast Co. Ltd. - Key offerings
            • Exhibit 72: Nihon Plast Co. Ltd. - Segment focus
          • 10.9 Ningbo Joyson Electronic Corp.
            • Exhibit 73: Ningbo Joyson Electronic Corp. - Overview
            • Exhibit 74: Ningbo Joyson Electronic Corp. - Product and service
            • Exhibit 75: Ningbo Joyson Electronic Corp. – Key news
            • Exhibit 76: Ningbo Joyson Electronic Corp. - Key offerings
          • 10.10 Tokai Rika Co. Ltd.
            • Exhibit 77: Tokai Rika Co. Ltd. - Overview
            • Exhibit 78: Tokai Rika Co. Ltd. - Product and service
            • Exhibit 79: Tokai Rika Co. Ltd. – Key news
            • Exhibit 80: Tokai Rika Co. Ltd. - Key offerings
          • 10.11 Toyoda Gosei Co. Ltd.
            • Exhibit 81: Toyoda Gosei Co. Ltd. - Overview
            • Exhibit 82: Toyoda Gosei Co. Ltd. - Business segments
            • Exhibit 83: Toyoda Gosei Co. Ltd. – Key news
            • Exhibit 84: Toyoda Gosei Co. Ltd. - Key offerings
            • Exhibit 85: Toyoda Gosei Co. Ltd. - Segment focus
          • 10.12 ZF Friedrichshafen AG
            • Exhibit 86: ZF Friedrichshafen AG - Overview
            • Exhibit 87: ZF Friedrichshafen AG - Business segments
            • Exhibit 88: ZF Friedrichshafen AG – Key news
            • Exhibit 89: ZF Friedrichshafen AG - Key offerings
            • Exhibit 90: ZF Friedrichshafen AG - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 91: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 92: Research Methodology
              • Exhibit 93: Validation techniques employed for market sizing
              • Exhibit 94: Information sources
            • 11.4 List of abbreviations
              • Exhibit 95: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
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            Automotive Passive Safety System market growth will increase by $3353.11 million during 2021-2025.
            The automotive passive safety system market is expected to grow at a CAGR of 3.58% during 2021-2025.
            Technavio has segmented the automotive passive safety system market by type (Airbags, Seatbelts, Whiplash protection system, and Occupant sensing system) and geographic (APAC, North America, Europe, South America, MEA, APAC, North America, Europe, South America, and MEA).
            Autoliv Inc., Continental AG, DENSO Corp., Faurecia SE, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., Ningbo Joyson Electronic Corp., Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG are a few of the key vendors in the automotive passive safety system market.
            APAC will register the highest growth rate of 54.96% among the other regions. Therefore, the automotive passive safety system market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the automotive passive safety system market growth are:
            • Adoption of passive safety systems in vehicles in developing countries
            • Future regulations on curtain airbags to boost the market
            The automotive passive safety system market vendors should focus on grabbing business opportunities from the airbags segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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