Automotive Safety Systems Market Scope 2031
The automotive safety systems market is expected to register a CAGR of 8.6% during 2023–2031. The evolution of advanced technologies and the introduction of high-end vehicles will likely remain a key trend in the market.
Automotive Safety Systems Market Analysis
- An increasing government rules and regulations attributed to vehicle safety, an increase in the number of accidents, a rise in the demand for luxury vehicles, an increase in consumer purchasing power, and an increase in the demand for passenger vehicles in emerging economies are some of the market factors that are anticipated to support the market's growth.
- To reduce road accidents and enhance the safety of both drivers and passengers in both vehicles, new features are constantly being incorporated into automobiles as a result of ongoing technological advancements in the automotive market.
Automotive Safety Systems Market Overview
- The growing passenger safety and security awareness, an increase in the number of vehicles in developing nations, and other factors are major drivers of the global automotive safety system market's growth.
- The number of accidents has increased due to the growing demand for high-speed vehicles. The need for safety feature integration in cars has grown dramatically.
- Blind spot detection, lane maintenance assist, and an antiroll braking system are a few of the safety features. Additionally, due to government safety regulations becoming more stringent, many automotive manufacturers are installing a passive safety system in vehicles.
- The demand for automobiles rises concurrently with integrated safety features, which fuels the growth of the global automotive safety system market.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Safety Systems Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automotive Safety Systems Market: Strategic Insights
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Automotive Safety Systems Market Drivers and Opportunities
Government Regulations Mandates and International Safety Standards to Favor the Market
- Governments and international organizations impose strict regulatory mandates and global safety standards that significantly drive the global automotive safety system market.
- These regulations require automakers to incorporate cutting-edge safety technologies into their vehicles to comply with safety standards that have been set.
- Global safety standards are always changing, which is one of the main factors encouraging innovation and the automotive industry's adoption of new safety technologies.
Pedestrian Detection Features
- Advancements in technology have played a major role in the high demand for active safety systems. These systems are now more dependable and efficient due to the quick development and integration of advanced sensor technologies, machine learning, and artificial intelligence.
- The demand for automotive safety systems is expected to be supported by consumer preferences for automotive active safety features that are dependable and functional. Safety features such as adaptive cruise control, collision avoidance, and pedestrian detection are becoming more and more appealing to manufacturers and customers due to their increased accuracy and performance.
- Furthermore, the price of these technologies has become more affordable which has increased their accessibility for a wider variety of vehicles.
Automotive Safety Systems Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automotive safety systems market analysis are technology, offerings, and vehicle type.
- Based on the technology, the automotive safety systems market is divided into active safety systems and passive safety systems.
- based on the offerings, the market is divided into hardware and software.
- Based on vehicle type, the automotive safety systems market is divided into light commercial vehicles, passenger cars, and medium and heavy-duty commercial vehicles.
Automotive Safety Systems Market Share Analysis by Geography
- The automotive safety systems market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering automotive safety systems market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the automotive safety systems market in these regions.
Automotive Safety Systems Market Report Scope
Automotive Safety Systems Market News and Recent Developments
The automotive safety systems market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the automotive safety systems market are listed below:
- Volvo Buses is launching new and updated active safety systems that help drivers drive safely and avoid situations that could result in accidents. The active safety systems include several features with a special focus on the protection of vulnerable road users such as cyclists and pedestrians. The safety systems exceed the new EU regulations, as well as the legal requirements of most non-EU countries. (Source: Volvo, Company Website, April 2024)
- The automotive technology company Veoneer announced that it has agreed with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement, Magna will acquire Veoneer's Active Safety business from SSW Partners, a New York-based investment partnership ("SSW") for $1.525 billion in cash, subject to working capital and other customary purchase price adjustments. (Source: Veoneer, Company Website, December 2022)
Automotive Safety Systems Market Report Coverage and Deliverables
The “Automotive Safety Systems Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Automotive safety systems market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Automotive safety systems market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Automotive safety systems market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the automotive safety systems market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global automotive safety systems market is expected to grow at a CAGR of 8.6% during the forecast period 2023 - 2031.
An increase in sales of high-end vehicles is anticipated to play a significant role in the global automotive safety systems market in the coming years.
The leading players operating in the automotive safety systems market are Autoliv Inc., Continental AG, DENSO Corporation, Joyson Safety Systems, ZF Friedrichshafen AG, Valeo, Mobileye Global Inc, Robert Bosch GmbH, Infineon Technologies AG, and Knorr-Bremse AG.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
The rapid technological advancement in the automotive sector is one of the major factors driving the automotive safety systems market.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Safety Systems Market - By Technology
1.3.2 Automotive Safety Systems Market - By Offerings
1.3.3 Automotive Safety Systems Market - By Vehicle Type
1.3.4 Automotive Safety Systems Market - By Region
1.3.4.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. AUTOMOTIVE SAFETY SYSTEMS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. AUTOMOTIVE SAFETY SYSTEMS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. AUTOMOTIVE SAFETY SYSTEMS MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE SAFETY SYSTEMS - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE SAFETY SYSTEMS - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE
7. AUTOMOTIVE SAFETY SYSTEMS MARKET - REVENUE AND FORECASTS TO 2027 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. ACTIVE SAFETY SYSTEMS
7.3.1. Overview
7.3.2. Active Safety Systems Market Forecast and Analysis
7.3.3. Anti-Lock Braking Systems (ABS) Market
7.3.3.1. Overview
7.3.3.2. Anti-Lock Braking Systems (ABS) Market Forecast and Analysis
7.3.4. Automatic Emergency Braking (AEB) Market
7.3.4.1. Overview
7.3.4.2. Automatic Emergency Braking (AEB) Market Forecast and Analysis
7.3.5. Blind Spot Detection (BSD) Market
7.3.5.1. Overview
7.3.5.2. Blind Spot Detection (BSD) Market Forecast and Analysis
7.3.6. Electronic Brake Force Distribution (EBD) Market
7.3.6.1. Overview
7.3.6.2. Electronic Brake Force Distribution (EBD) Market Forecast and Analysis
7.3.7. Electronic Stability Control (ESC) Market
7.3.7.1. Overview
7.3.7.2. Electronic Stability Control (ESC) Market Forecast and Analysis
7.3.8. Forward-Collision Warning (FCW) Market
7.3.8.1. Overview
7.3.8.2. Forward-Collision Warning (FCW) Market Forecast and Analysis
7.3.9. Lane Departure Warning Systems (LDWS) Market
7.3.9.1. Overview
7.3.9.2. Lane Departure Warning Systems (LDWS) Market Forecast and Analysis
7.3.10. Tire Pressure Monitoring Systems (TPMS) Market
7.3.10.1. Overview
7.3.10.2. Tire Pressure Monitoring Systems (TPMS) Market Forecast and Analysis
7.3.11. Others Market
7.3.11.1. Overview
7.3.11.2. Others Market Forecast and Analysis
7.4. PASSIVE SAFETY SYSTEMS
7.4.1. Overview
7.4.2. Passive Safety Systems Market Forecast and Analysis
7.4.3. Pedestrian Protection Systems Market
7.4.3.1. Overview
7.4.3.2. Pedestrian Protection Systems Market Forecast and Analysis
7.4.4. Occupant Protection Market
7.4.4.1. Overview
7.4.4.2. Occupant Protection Market Forecast and Analysis
7.4.5. Whiplash Protection System Market
7.4.5.1. Overview
7.4.5.2. Whiplash Protection System Market Forecast and Analysis
8. AUTOMOTIVE SAFETY SYSTEMS MARKET - REVENUE AND FORECASTS TO 2027 - OFFERINGS
8.1. OVERVIEW
8.2. OFFERINGS MARKET FORECASTS AND ANALYSIS
8.3. HARDWARE
8.3.1. Overview
8.3.2. Hardware Market Forecast and Analysis
8.4. SOFTWARE
8.4.1. Overview
8.4.2. Software Market Forecast and Analysis
9. AUTOMOTIVE SAFETY SYSTEMS MARKET - REVENUE AND FORECASTS TO 2027 - VEHICLE TYPE
9.1. OVERVIEW
9.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
9.3. LIGHT COMMERCIAL VEHICLES
9.3.1. Overview
9.3.2. Light Commercial Vehicles Market Forecast and Analysis
9.4. PASSENGER CAR
9.4.1. Overview
9.4.2. Passenger Car Market Forecast and Analysis
9.5. MEDIUM AND HEAVY DUTY COMMERCIAL VEHICLE
9.5.1. Overview
9.5.2. Medium and Heavy Duty Commercial Vehicle Market Forecast and Analysis
10. AUTOMOTIVE SAFETY SYSTEMS MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Automotive Safety Systems Market Overview
10.1.2 North America Automotive Safety Systems Market Forecasts and Analysis
10.1.3 North America Automotive Safety Systems Market Forecasts and Analysis - By Technology
10.1.4 North America Automotive Safety Systems Market Forecasts and Analysis - By Offerings
10.1.5 North America Automotive Safety Systems Market Forecasts and Analysis - By Vehicle Type
10.1.6 North America Automotive Safety Systems Market Forecasts and Analysis - By Countries
10.1.6.1 United States Automotive Safety Systems Market
10.1.6.1.1 United States Automotive Safety Systems Market by Technology
10.1.6.1.2 United States Automotive Safety Systems Market by Offerings
10.1.6.1.3 United States Automotive Safety Systems Market by Vehicle Type
10.1.6.2 Canada Automotive Safety Systems Market
10.1.6.2.1 Canada Automotive Safety Systems Market by Technology
10.1.6.2.2 Canada Automotive Safety Systems Market by Offerings
10.1.6.2.3 Canada Automotive Safety Systems Market by Vehicle Type
10.1.6.3 Mexico Automotive Safety Systems Market
10.1.6.3.1 Mexico Automotive Safety Systems Market by Technology
10.1.6.3.2 Mexico Automotive Safety Systems Market by Offerings
10.1.6.3.3 Mexico Automotive Safety Systems Market by Vehicle Type
10.2. EUROPE
10.2.1 Europe Automotive Safety Systems Market Overview
10.2.2 Europe Automotive Safety Systems Market Forecasts and Analysis
10.2.3 Europe Automotive Safety Systems Market Forecasts and Analysis - By Technology
10.2.4 Europe Automotive Safety Systems Market Forecasts and Analysis - By Offerings
10.2.5 Europe Automotive Safety Systems Market Forecasts and Analysis - By Vehicle Type
10.2.6 Europe Automotive Safety Systems Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Automotive Safety Systems Market
10.2.6.1.1 Germany Automotive Safety Systems Market by Technology
10.2.6.1.2 Germany Automotive Safety Systems Market by Offerings
10.2.6.1.3 Germany Automotive Safety Systems Market by Vehicle Type
10.2.6.2 France Automotive Safety Systems Market
10.2.6.2.1 France Automotive Safety Systems Market by Technology
10.2.6.2.2 France Automotive Safety Systems Market by Offerings
10.2.6.2.3 France Automotive Safety Systems Market by Vehicle Type
10.2.6.3 Italy Automotive Safety Systems Market
10.2.6.3.1 Italy Automotive Safety Systems Market by Technology
10.2.6.3.2 Italy Automotive Safety Systems Market by Offerings
10.2.6.3.3 Italy Automotive Safety Systems Market by Vehicle Type
10.2.6.4 Spain Automotive Safety Systems Market
10.2.6.4.1 Spain Automotive Safety Systems Market by Technology
10.2.6.4.2 Spain Automotive Safety Systems Market by Offerings
10.2.6.4.3 Spain Automotive Safety Systems Market by Vehicle Type
10.2.6.5 United Kingdom Automotive Safety Systems Market
10.2.6.5.1 United Kingdom Automotive Safety Systems Market by Technology
10.2.6.5.2 United Kingdom Automotive Safety Systems Market by Offerings
10.2.6.5.3 United Kingdom Automotive Safety Systems Market by Vehicle Type
10.2.6.6 Russia Automotive Safety Systems Market
10.2.6.6.1 Russia Automotive Safety Systems Market by Technology
10.2.6.6.2 Russia Automotive Safety Systems Market by Offerings
10.2.6.6.3 Russia Automotive Safety Systems Market by Vehicle Type
10.2.6.7 Rest of Europe Automotive Safety Systems Market
10.2.6.7.1 Rest of Europe Automotive Safety Systems Market by Technology
10.2.6.7.2 Rest of Europe Automotive Safety Systems Market by Offerings
10.2.6.7.3 Rest of Europe Automotive Safety Systems Market by Vehicle Type
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Automotive Safety Systems Market Overview
10.3.2 Asia-Pacific Automotive Safety Systems Market Forecasts and Analysis
10.3.3 Asia-Pacific Automotive Safety Systems Market Forecasts and Analysis - By Technology
10.3.4 Asia-Pacific Automotive Safety Systems Market Forecasts and Analysis - By Offerings
10.3.5 Asia-Pacific Automotive Safety Systems Market Forecasts and Analysis - By Vehicle Type
10.3.6 Asia-Pacific Automotive Safety Systems Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Automotive Safety Systems Market
10.3.6.1.1 Australia Automotive Safety Systems Market by Technology
10.3.6.1.2 Australia Automotive Safety Systems Market by Offerings
10.3.6.1.3 Australia Automotive Safety Systems Market by Vehicle Type
10.3.6.2 China Automotive Safety Systems Market
10.3.6.2.1 China Automotive Safety Systems Market by Technology
10.3.6.2.2 China Automotive Safety Systems Market by Offerings
10.3.6.2.3 China Automotive Safety Systems Market by Vehicle Type
10.3.6.3 India Automotive Safety Systems Market
10.3.6.3.1 India Automotive Safety Systems Market by Technology
10.3.6.3.2 India Automotive Safety Systems Market by Offerings
10.3.6.3.3 India Automotive Safety Systems Market by Vehicle Type
10.3.6.4 Japan Automotive Safety Systems Market
10.3.6.4.1 Japan Automotive Safety Systems Market by Technology
10.3.6.4.2 Japan Automotive Safety Systems Market by Offerings
10.3.6.4.3 Japan Automotive Safety Systems Market by Vehicle Type
10.3.6.5 South Korea Automotive Safety Systems Market
10.3.6.5.1 South Korea Automotive Safety Systems Market by Technology
10.3.6.5.2 South Korea Automotive Safety Systems Market by Offerings
10.3.6.5.3 South Korea Automotive Safety Systems Market by Vehicle Type
10.3.6.6 Rest of Asia-Pacific Automotive Safety Systems Market
10.3.6.6.1 Rest of Asia-Pacific Automotive Safety Systems Market by Technology
10.3.6.6.2 Rest of Asia-Pacific Automotive Safety Systems Market by Offerings
10.3.6.6.3 Rest of Asia-Pacific Automotive Safety Systems Market by Vehicle Type
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Automotive Safety Systems Market Overview
10.4.2 Middle East and Africa Automotive Safety Systems Market Forecasts and Analysis
10.4.3 Middle East and Africa Automotive Safety Systems Market Forecasts and Analysis - By Technology
10.4.4 Middle East and Africa Automotive Safety Systems Market Forecasts and Analysis - By Offerings
10.4.5 Middle East and Africa Automotive Safety Systems Market Forecasts and Analysis - By Vehicle Type
10.4.6 Middle East and Africa Automotive Safety Systems Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Automotive Safety Systems Market
10.4.6.1.1 South Africa Automotive Safety Systems Market by Technology
10.4.6.1.2 South Africa Automotive Safety Systems Market by Offerings
10.4.6.1.3 South Africa Automotive Safety Systems Market by Vehicle Type
10.4.6.2 Saudi Arabia Automotive Safety Systems Market
10.4.6.2.1 Saudi Arabia Automotive Safety Systems Market by Technology
10.4.6.2.2 Saudi Arabia Automotive Safety Systems Market by Offerings
10.4.6.2.3 Saudi Arabia Automotive Safety Systems Market by Vehicle Type
10.4.6.3 U.A.E Automotive Safety Systems Market
10.4.6.3.1 U.A.E Automotive Safety Systems Market by Technology
10.4.6.3.2 U.A.E Automotive Safety Systems Market by Offerings
10.4.6.3.3 U.A.E Automotive Safety Systems Market by Vehicle Type
10.4.6.4 Rest of Middle East and Africa Automotive Safety Systems Market
10.4.6.4.1 Rest of Middle East and Africa Automotive Safety Systems Market by Technology
10.4.6.4.2 Rest of Middle East and Africa Automotive Safety Systems Market by Offerings
10.4.6.4.3 Rest of Middle East and Africa Automotive Safety Systems Market by Vehicle Type
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Automotive Safety Systems Market Overview
10.5.2 South and Central America Automotive Safety Systems Market Forecasts and Analysis
10.5.3 South and Central America Automotive Safety Systems Market Forecasts and Analysis - By Technology
10.5.4 South and Central America Automotive Safety Systems Market Forecasts and Analysis - By Offerings
10.5.5 South and Central America Automotive Safety Systems Market Forecasts and Analysis - By Vehicle Type
10.5.6 South and Central America Automotive Safety Systems Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Automotive Safety Systems Market
10.5.6.1.1 Brazil Automotive Safety Systems Market by Technology
10.5.6.1.2 Brazil Automotive Safety Systems Market by Offerings
10.5.6.1.3 Brazil Automotive Safety Systems Market by Vehicle Type
10.5.6.2 Argentina Automotive Safety Systems Market
10.5.6.2.1 Argentina Automotive Safety Systems Market by Technology
10.5.6.2.2 Argentina Automotive Safety Systems Market by Offerings
10.5.6.2.3 Argentina Automotive Safety Systems Market by Vehicle Type
10.5.6.3 Rest of South and Central America Automotive Safety Systems Market
10.5.6.3.1 Rest of South and Central America Automotive Safety Systems Market by Technology
10.5.6.3.2 Rest of South and Central America Automotive Safety Systems Market by Offerings
10.5.6.3.3 Rest of South and Central America Automotive Safety Systems Market by Vehicle Type
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. AUTOMOTIVE SAFETY SYSTEMS MARKET, KEY COMPANY PROFILES
12.1. AUTOLIV INC.
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. CONTINENTAL AG
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DENSO CORPORATION
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. INFINEON TECHNOLOGIES AG
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. JOYSON SAFETY SYSTEMS
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. KNORR-BREMSE AG
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MOBILEYE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. ROBERT BOSCH GMBH
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. VALEO
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZF FRIEDRICHSHAFEN AG
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. Autoliv Inc.
2. Continental AG
3. DENSO CORPORATION
4. Infineon Technologies AG
5. Joyson Safety Systems
6. Knorr-Bremse AG
7. Mobileye
8. Robert Bosch GmbH
9. Valeo
10. ZF Friedrichshafen AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For