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The Need to Boost Vehicle Safety Ratings Will Propel the Global Automotive Passive Safety Systems Market through 2019

By Business Wire News   



LONDON

Because of growing demand for better car safety features, the global automotive passive safety systems market is expected to grow at a CAGR of 6.90% from 2015-2019, says research firm Technavio.

Advanced vehicle safety is no longer restricted to premium vehicles. Consumers have become more aware and are taking an interest in improving car safety devices. Electronic equipment is now being installed in entry-level vehicles, which are in high demand in emerging markets.

“The high demand for electronic equipment in emerging markets has increased the demand for in-vehicle electronic devices to examine situations and prevent accidents,” says Faisal Ghaus, Vice President of Technavio.

The latest automotive industry analysis report by Technavio draws attention towards augmented demand for pedestrian safety systems. Pedestrian safety is considered one of the crucial factors by both government and automobile manufacturers.

“With the growing concerns for pedestrians’ safety, automobile manufacturers are designing, developing and equipping automobiles with pedestrian safety systems,” says Ghaus.

Automobile manufacturers are working on passive safety systems like energy absorption front end, airbags and hood lifters, as well as active pedestrian safety initiatives like driver assistance systems and pedestrian detection system.

Technavio currently has more than 3000 market research reports on a huge range of topics, including:

About Technavio

Technavio is a leading global technology research and advisory company.

Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
media@technavio.com
www.technavio.com

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