Rise in the Demand for A Safe, Efficient, and Convenient Driving Experience to trigger automotive safety system market
The automotive safety system market is estimated to be USD 76.50 Billion in 2016 and is projected to reach 169.46 Billion by 2025, at a CAGR of 9.36% during the forecast period. The report analyzes and forecasts the market size, in terms of volume (000’/million units) and value (USD million/ billion), of this market. The report segments the global market and forecasts its size, by volume and value, on the basis of region, technology (active and passive safety system), on-highway vehicle, off-highway vehicle, and electric vehicle, and in terms of value, by offering. The report also provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). It strategically profiles the key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.
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