Driver Safety System Market to Reach USD 158.6 Billion by 2023
- by KD Market Insights
- Feb, 2021
Driver safety system is an advanced driver assistance system that help the driver in the driving process. The main aim behind the development of this safety system increases car and road safety as it is designed for a safe human interface. According to the KD market insights, the driver safety system market is anticipated to achieve USD 158.6 Billion by 2023 and is expected to attain CAGR of 9.1% during the forecasted period i.e. 2018-2023. Currently, the market is totaled for USD 84.8 Billion in 2017. The demand of the driver safety system market attains good market share and is expected to rise in the near future. Stringent regulation regarding passenger safety is one of the main reasons behind the demand of the driver safety system market. Apart from this, increase wealthy middle-class population and automotive demand is anticipated to impact the driver systems market positively.
The global driver safety system market is assumed to attain value growth during the forecasted period of 2018-2023. The report provides a wide overview of the market its latest trends, insights, competition, and challenges faced in the market. It provides information on the market during the forecasted period so that the market can be evaluated in advance.
The report covers separate and detailed analysis of the market, for the better consideration 2017 is considered as the base year, 2018 is considered as the base year, 2018 as an estimated year and 2019-2023 is forecasted year. The report has been segmented on the basis of the system, vehicle type, sales channel and by geography. By system, market is sub-segmented as traction control system (TCS), anti-lock braking systems (ABS), automatic emergency braking (AEB), tire pressure monitoring systems (TPMS), lane departure warning systems (LDWS), automatic emergency braking (AEB), blind spot detection (BSD), cruise control, airbag and others. On the basis of vehicle type, it is split into a passenger car, light commercial vehicle, and heavy commercial vehicle. By sales channels, it is divided as OEM and aftermath.
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The report has been segmented on the basis of geography to provide an overview of the particular area so that demand and the requirements of that particular region are known in advance which helps the company to build their brand image and grab their target customers. The geography covered in this report is North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina and Rest of Latin America, Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report provides a detailed analysis of the key stakeholders of the market, plans formulated by them to capture market share and the strategies the company need to adapt to provide better customer satisfaction. The major market players are Continental AG, Bosch Mobility Solutions, Nissan, Audi, BMW, TRW Automotive, Toyoda Gosei Co., Ltd., Autoliv, Denso Corporation, Hella KGaA Hueck & Co, Other Major & Niche Players.
The final section of the report provides the current scenario of the market, methods from which data is collected, it provides an overview of Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities. Further, it provides information about the significant contribution of each sector in the market and opportunities for the entry-level players.
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