Title: Car Safety Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026
1Car Safety Market Forecast, Demand Analysis,
Market Share, Market Report (2021-2026)
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- Car Safety Market is forecast to reach 258.3
billion by 2025, at a CAGR of 10.6 during
2020-2025. Increased number of accidents,
increasing vehicle safety concerns and stringent
government regulations in different regions are
some of the reasons which drive the market. In
2018, according to the report given by National
Safety Council (NSC) of U.S. an estimated 40,000
people lost their lives to car crashes and about
4.5 million people were severely injured. - Similarly around 25,100 road fatalities were
reported by the 28 EU States. Rise in the
accidents made the government to implement
stringent regulations. For instance in
2018 National Highway Traffic Safety
Administration (NHTSA) of U.S. Made stringent
regulations for car safety.
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- Key Takeaways
- Asia-Pacific dominates the Car safety market
owing to rising production of automobiles and
stringent regulatory norm on reducing fatality
rate. - The active automotive safety systems is expected
to grow at a CAGR of around 9 in the forecast
period owing to its advantages of helping driver
to control the vehicle, prevent or mitigate road
accidents. - Drop In the production and sales of cars in
United States and other developed market will
hinder the growth of car safety market.
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By Distribution Channel- Segment Analysis The
active automotive safety systems is expected to
grow at a CAGR of around 9.20 in the forecast
period owing to its advantages such as anti-lock
braking, electronic stability control or traction
control of the vehicle and it also prevent or
mitigate road accidents by improving overall
driving experience under different road
conditions and situations. Government of several
countries made strict regulations to deploy
car safety features. For instance, according
to New Car Assessment Program (NCAP) in India, it
is mandatory to deploy car active safety features
by 2018.
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- Car Safety Market Industry Outlook
- Eaton Corporation
- NSK
- Federal-Mogul
- Otics Operation
- AC Delco
- TRW
- Lunati.
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Car Safety Market - Forecast(2021 - 2026) Learn
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om/Research/Car-Safety-Market-Research-501141
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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Contact (1) 970-236-3677
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