Automotive Safety System Market Report Information by Active Technology (ESC, LDW, ABS, BSD, TPMS, EBD), by Passive Technology (Pedestrian, Whiplash Protection, Airbag), by Fuel Used (Petrol, Diesel, EV, HEV), by Offering (Software, Hardware), by Vehicle Type (Passenger, LCV and HCV), and by Region - Global Forecast to 2023.
The need for automotive safety system in automobiles arises from the huge and positive technological development in the automotive sector.
However, chances for mishaps increase radically with such high powered cars, thus, highlighting the need for implementing adequate life saving measures.
Secondly, automotive consumers have become more aware of road safety measures that should be incorporated.
The global automotive safety system market is estimated to grow at a CAGR of approx.
These technologies work real time with the vehicle, engine, and the Central Electronic Processing Unit (CEPU) to constantly create and update the database for crucial parameters of the vehicle.