Automotive Passive Safety System Market Scope And Analysis

Report Code : TIPRE00029577
Category : Automotive and Transportation

No. of Pages : 150

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Automotive Passive Safety System Market Analysis, Size, and Growth (2023-2031)

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Automotive Passive Safety System Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 22,547.5 Million
Market Size by 2031	US$ 32,781.08 Million
Global CAGR (2023 - 2031)	4.7%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Type Airbag Seatbelt Occupant Sensing System Child Safety System By Vehicle Type Passenger Cars and Commercial Vehicles
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Autoliv Inc Continental AG Joyson Safety Systems Robert Bosch GmbH ZF Friedrichshafen AG FAURECIA Hyundai Mobis Knauf Industries Toyoda Gosei Co Ltd

Automotive Passive Safety System Market News and Recent Developments

The Automotive Passive Safety System 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 Passive Safety System market are listed below:

ZF has decided to carve-out its Passive Safety Systems Division and set it up independently by the end of 2023. This decision is intended to open up new strategic options for action for the occupant protection systems business and is the result of a continuous review of the ZF portfolio. In the course of the current transformation process in the automotive industry, ZF has evaluated and analyzed the growing transformation business on the one hand and the growth potential of traditional business areas such as passive safety systems on the other. In a carve-out, the company sees the best conditions to generate stronger growth and a sustainable expansion of the market position of the world’s number 2 in the passive safety technology business by involving external investors. (Source ZF Friedrichshafen AG Newsletter, October 2022)
Veoneer automotive company has entered into an agreement to invest fund managed by American Industrial Partners for acquiring Veoneer's Restraint Control Systems business from SSW Partners LP. The transaction completes Veoneer's and SSW's strategy to expand the companies’ lines of businesses such as Arriver Software, Active Safety, and Restraint Control Systems for automotive. (Source: Veoneer Newsletter, February 2024)

Automotive Passive Safety System Market Report Coverage and Deliverables

The “Automotive Passive Safety System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Automotive passive safety system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Automotive passive safety system market trends as well as market dynamics such as drivers, restraints, and key opportunities
Detailed PEST and SWOT analysis
Automotive passive safety system 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 for the automotive passive safety system market
Detailed company profiles