Global Automotive Safety Electronics Market to 2023: Analysis by Product, Vehicle Type and Geography

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Aug 07, 2018, 16:45 ET

DUBLIN, Aug 7, 2018 /PRNewswire/ --

The "Automotive Safety Electronics Market - Global Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.

This market research report on the global automotive safety electronics market offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by product (systems and sensors), by vehicle type (economy cars, luxury cars, and mid-priced cars), and by geography (APAC, Europe, North America, Latin America, and MEA).

Market Overview

The global automotive safety electronics market is anticipated to reach values of approximately $40 billion by 2023, growing at CAGR of more than 12% during 2017-2023.

The increasing proliferation of automotive electronics that enable centralized control and seamless exchange of data and information between various systems is augmenting the growth of the global automotive safety electronics market. The launch of systems that are designed to enhance user experience and convenience will revolutionize the automotive industry in the global market.

The growing demand for connected cars with the growing integration of smartphones and electronic devices will transform the global market. The adoption of advanced features such as telematics, ADAS solutions, digital clusters, and high-end infotainment systems is boosting the demand in the global market.

Some of the prominent vendors are developing a new cost-efficient 3D surround view system designed for economy and mid-priced vehicles to attract a wider group of consumers and gain a larger global market share.

The innovations in the field of safety systems, infotainment, electrification of engine mechanism, and propulsion technologies will create new investment opportunities for OEMs operating in the global market.

The growing applications for semiconductors across hybrid and electric vehicle segments will have a positive impact on the overall development of the global automotive safety electronics market.

Factors such as rapid electrification of vehicles, adoption of connected vehicle concept, and integration of advanced safety features are expected to boost the demand for these systems in mass mid-segment vehicles in the market. The vendors are introducing new safety electronics systems and solutions to boost their revenues in the global market.

Market Dynamics

The growing focus on the electrification of automotive mechanics will lead to the evolution of the global automotive safety electronics market. The increase in government regulations to reduce vehicle emissions and curb environmental pollution is promoting electrification of vehicles in the global market.

The top manufacturers are investing in technologies to reduce the weight of vehicles and integrating efficient functioning systems leading to higher fuel efficiency and reducing tailpipe emission. The OEMs are leveraging electronic controls to activated functions such as the braking system, steering control, and throttle control in vehicles launched in the global market.

The introduction of electric safety control systems such as anti-lock braking, electric parking brake, and advanced driver assistance systems (ADAS) will boost demand in the market over the next few years.

Stringent regulations encourage the exploration of alternative propulsion technologies such as flexible fuel, natural gas engines, hybrid electric and all-electric vehicles and fuel the development in the global automotive safety electronics market.

Market Segmentation

By Product

Sensors to help facilitate ADAS systems in the global automotive safety electronics market during the forecast period

The global automotive safety electronics market by products is divided into systems and sensors. Sensors dominated a portion of the market share in 2017, growing at a CAGR of over 28% during the forecast period. The increasing focus on improving the accuracy rate of sensor solutions will augment the growth of this segment in the global market.

Top players are investing in the development of proper distribution and partitioning of system architecture to ensure the efficient and accurate working of sensors in the industry during the forecast period. The major sensors available in the global market include LiDAR, radar, ultrasonic sensor, and camera units (night vision and other vision. The innovations in camera-based suits will enable proper functioning of ADAS systems such as AEB, LDW, FCW, LKA, LC, TJA, traffic sign recognition (TSR), and intelligent high-beam control (IHC) in the global market. New sensor solutions will be able to evaluate the surroundings in real-time and take necessary action during emergencies.

Furthermore, the launch of 3-D lasers and 360-degree high-definition cameras that enable mapping systems will transform the global automotive safety electronics market over the next few years.

By Vehicle Type

Premium systems and sensors in luxury cars to boost demand in the global automotive safety electronics

The vehicle type segment in the global automotive safety electronics market is categorized into economy cars, luxury cars, and mid-priced cars. Luxury cars occupied more than half of the market share in 2017, growing at a CAGR of more than 9% during the forecast period. With the advancement in autonomous driving and growing demand for premium safety solutions, the growth of the luxury cars segment is increasing in the global market.

Vendors are launching sophisticated systems and sensors to attract a maximum number of consumers in this segment in the global market. The introduction of safety norms to reduce the fatality and injury rate due to road accidents is encouraging the vendors to launch advanced safety technologies in the global market. The introduction of lane departure warning systems (LDWS) and autonomous emergency braking systems (AEBS) will boost the demand in the global automotive safety electronics market.

The use of power electronic devices for various safety components such as airbag systems or ECS systems, and tire pressure monitoring systems will transform the global market.

By Geography

Demand for electric vehicles in Europe to drive sales in the global automotive safety electronics during the forecast period

The global automotive safety electronics market by geography is segmented into APAC, Europe, North America, Latin America, and MEA. Europe dominated the majority of the market share in 2017, growing at a CAGR more than 12% during the forecast period. The high investment in R&D and the implementation of stringent regulations are driving the growth of the European region in the global market. The growing demand for electric vehicles in countries such as Germany, UK, and France will boost revenues in Europe over the next few years.

The stringent norms imposed by the European Commission and car assessment programs such as Europe New Car Assessment Program (Euro NCAP), mandating the installation of driver assistance and collision avoidance systems will transform the global automotive safety electronics market. Advancement in technology and growing demand for German-made luxury cars will help in propelling the growth of the European region in the global market during the forecast period.

Key Topics Covered

1 Research Methodology

2 Research Objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Type
4.3.2 Market Segmentation by Vehicle Type
4.3.3 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Inclusions
5.3 Exclusions
5.4 Currency Conversion
5.5 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Overview
7.2 Advanced Driver Assistance Systems (ADAS)
7.3 MacroEconomic Factors Enabling Market Growth
7.3.1 Economic Development
7.3.2 Per Capita GDP in Developing Markets
7.3.3 Rise in Dual-income Households in Developed Markets

8 Market Dynamics
8.1 Market Growth Enablers
8.1.1 Increased Focus on Introducing Safety Solutions
8.1.2 Shifting Consumer Preference for Connected and Hybrid Cars
8.1.3 Growing Consumer Segment for Affordable Luxury Cars
8.1.4 YOY Impact of Market Growth Enablers
8.1.5 YOY Impact of Market Growth Enablers on Regions
8.2 Market Growth Restraints
8.2.1 Volatility in Raw Material Prices and Increasing Labor Costs
8.2.2 Growing Automotive Cyber-attacks and Cost Trade-offs
8.2.3 Lack of Support Infrastructure for Autonomous Vehicles
8.2.4 YOY Impact of Market Growth Restraints
8.2.5 YOY Impact of Market Growth Restraints on Regions
8.3 Market Opportunities & Trends
8.3.1 Growing Electrification of Automotive Mechanics
8.3.2 Introduction of Autonomous Vehicles Concept
8.3.3 Increasing Usage of Advanced Sensors in Automobiles
8.3.4 YOY Impact of Market Opportunities & Trends
8.3.5 YOY Impact of Market Opportunities & Trends on Regions

9 Value Chain Analysis
9.1 Value Chain overview
9.2 Value Chain Analysis
9.2.1 Raw Material and Component Suppliers
9.2.2 Automotive Safety Electronics Manufacturers
9.2.3 Distributors and Dealers
9.2.4 Tier-1 Suppliers
9.2.5 OEMs

10 Global Automotive Market
10.1 market Overview
10.1.1 Market Size & Forecast

11 Global Automotive Safety Electronics Market
11.1 Market Overview
11.1.1 Market Size & Forecast
11.1.2 Introduction of IoT in Automobiles
11.1.3 Innovative Technologies for Automated Driving
11.1.4 Growing Global Sales of Passenger Cars
11.1.5 Life Cycle of Automotive Electronic Components - 2017 Perspective
11.1.6 Factors Affecting Usage of Automotive Electronics
11.1.7 Additional Electronic Components in EVs & HEVs
11.1.8 Advent of Autonomous Parking System
11.1.9 Safety Initiatives by Government and Transport Authorities
11.1.10 Increasing Cost Pressure for Vendors
11.1.11 Low Acceptance of Autonomous Cars
11.1.12 Concerns About Autonomous Driving
11.1.13 Urbanization and Duel-income Households
11.1.14 Smartphone Penetration Assisting Growth for Connected Cars
11.2 Porter's Five Forces Analysis
11.2.1 Threat of New Entrants
11.2.2 Bargaining Power of Suppliers
11.2.3 Bargaining Power of Buyers
11.2.4 Threat of Substitutes
11.2.5 Competitive Rivalry

12 Market by Product Type
12.1 Market Overview
12.2 Global Automotive Safety Electronics Market BY Systems
12.2.1 Market Size & Forecast
12.3 Global Automotive Safety Electronics Market BY Sensors
12.3.1 Market Size and Forecast

13 Market by Vehicle Type
13.1 Market Overview
13.2 Market Size & Forecast

14 Market by Geographical Segmentation
14.1 Market Overview

15 Automotive Safety Electronics Market in Europe
15.1 Market Overview
15.1.1 Market Size & Forecast
15.2 Product Segmentation
15.2.1 Market Size & Forecast
15.3 Key Countries
15.3.1 Market Size & Forecast: Germany
15.4 Leading Trend, Enabler, and Restraint

16 Automotive Safety Electronics Market in the APAC
16.1 Market Overview
16.1.1 Market Size & Forecast
16.1.2 Adoption Rate of Safety Systems by OEMs
16.2 Product Segmentation
16.2.1 Market Size & Forecast
16.3 Key Countries
16.3.1 Market Size & Forecast: China
16.3.2 Market Size & Forecast: Japan
16.3.3 Market Size & Forecast: South Korea
16.4 Leading Trend, Enabler, and Restraint

17 Automotive Safety Electronics Market in North America
17.1 Market Overview
17.1.1 Market Size & Forecast
17.2 Product Segmentation
17.2.1 Market Size & Forecast
17.3 Key Countries
17.3.1 Market Size & Forecast: US
17.4 Leading Trend, Enabler, and Restraint

18 Automotive Safety Electronics Market in Latin America
18.1 Market Overview
18.1.1 Market Size & Forecast
18.2 Product Segmentation
18.2.1 Market Size & Forecast
18.3 Key countries
18.3.1 Market Size & Forecast: Brazil
18.4 Leading Trend, Enabler, and Restraint

19 Automotive Safety Electronics Market in MEA
19.1 Market Overview
19.1.1 Market Size & Forecast
19.2 Product Segmentation
19.2.1 Market Size & Forecast
19.3 Key Countries
19.4 Leading Trend, Enabler, and Restraint

20 Competitive Landscape
20.1 Market Overview
20.2 Market Structure and Mapping of Competition
20.2.1 Herfindahl-Hirschman Index
20.3 Market Share Analysis
20.3.1 Overview

21 Key Company Profiles
21.1 Autoliv
21.1.1 Business Overview
21.1.2 Autoliv in Global Automotive Safety Electronics Market
21.1.3 Major Product Offerings
21.1.4 Key Strengths
21.1.5 Key Strategies
21.1.6 Key Opportunities
21.2 Bosch
21.2.1 Business Overview
21.2.2 Business Segments
21.2.3 Bosch in Global Automotive Safety Electronics Market
21.2.4 Major Product Offerings
21.2.5 Key Strengths
21.2.6 Key Strategies
21.2.7 Key Opportunities
21.3 Continental
21.3.1 Business Overview
21.3.2 Business Segments
21.3.3 Continental in Global Automotive Safety Electronics Market
21.3.4 Major P0roduct Offerings
21.3.5 Key Strengths
21.3.6 Key Strategies
21.3.7 Key Opportunities
21.4 Denso
21.4.1 Business Overview
21.4.2 Business Segments
21.4.3 Denso in Global Automotive Safety Electronics Market
21.4.4 Major Product Offerings
21.4.5 Key Strengths
21.4.6 Key Strategies
21.4.7 Key Opportunities
21.5 ZF
21.5.1 Business Overview
21.5.2 Business Segments
21.5.3 ZF in Global Automotive Safety Electronics Market
21.5.4 Major Product Offerings
21.5.5 Key Strengths
21.5.6 Key Strategies
21.5.7 Key Opportunities

22 Other Prominent Vendors
22.1 Aptiv (Formerly Delphi Automotive)
22.1.1 Company Overview
22.1.2 Product Offerings
22.1.3 Key Strategy
22.2 Mobileye (Intel)
22.2.1 Company Overview
22.2.2 Product Offerings
22.2.3 Key Strategy
22.3 Valeo
22.3.1 Company Overview
22.3.2 Product Offerings
22.3.3 Key Strategy
22.4 Mando (Halla Group)
22.4.1 Company Overview
22.4.2 Product Offerings
22.4.3 Key Strategy
22.5 Tokai Rika
22.5.1 Company Overview
22.5.2 Product Offerings
22.5.3 Key Strategy
22.6 Nidec Elesys
22.6.1 Company Overview
22.6.2 Product Offerings
22.6.3 Key Strategy
22.7 Magna International
22.7.1 Company Overview
22.7.2 Product Offerings
22.7.3 Key Strategy
22.8 NVIDIA Corporation
22.8.1 Company Overview
22.8.2 Product Offerings
22.8.3 Key Strategy
22.9 ADVICS
22.9.1 Company Overview
22.9.2 Product Offerings
22.9.3 Key Strategy

23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendation
23.3 Qualitative Summary of Global Automotive Safety Electronics Market
23.4 Quantitative Summary: Global Automotive Safety Electronics Market
23.4.1 Market by Geography
23.4.2 Market by Product Type
23.4.3 Market by Vehicle Type

For more information about this report visit https://www.researchandmarkets.com/research/qplj6k/global_automotive?w=5

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