Automotive Safety Systems Market Scope and Growth by 2031
Automotive Safety Systems Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2024 | US$ XX million |
Market Size by 2031 | US$ XX Million |
Global CAGR (2025 - 2031) | 8.6% |
Historical Data | 2021-2023 |
Forecast period | 2025-2031 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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