Large Business Automotive Safety Electronics Market Strategies and New Trends by 2030

2021-2030 Automotive Safety Electronics Market Analysis by AMR. The global market segmented by components, sales channel, application, and region.

PORTLAND, ORAGON, USA, December 14, 2021 / – Automotive Safety Electronics Market Outlook 2030 –

Automotive electronics consist of electrically operated systems deployed in vehicles. Electronic fuel injection, airbags, advanced driver assistance and infotainment are some of the areas where automotive electronic systems are primarily used to improve the overall efficiency of the combined system. As electric vehicles and hybrid vehicles become more and more popular in the market, these systems are likely to become key areas for electronic system vendors. Technological advancements such as electric suspensions and powertrains for electric vehicles in the automotive industry are likely to increase the fields of application of power electronic systems in the automotive industry. More and more security concerns have led to advanced security systems which are expected to further the development of the global automotive electronics market. Moreover, powertrains, wheels, parking aid and electric suspensions are the major application areas most likely to drive the growth of the global automotive electronics market. The increasing demand for high-speed vehicles has resulted in an increase in the accident rate. Thus, the demand for integrating vehicles with advanced automotive electronic security has increased significantly. With safety functions built into the vehicles, the demand for automobiles is simultaneously increasing, leading to the growth of the global automotive safety electronics market.

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Major players analyzed in the report include Autoliv, Bosch, Continental AG, Denso, ZF, ADVICS, Aisin Seiki, Aptiv (Delphi Automotive), Gentex and HARMAN.

COVID-19 impact assessment

The global automotive electronic security systems market is severely affected by the outbreak of the COVID-19 pandemic. The COVID-19 pandemic has resulted in declining economic growth in almost all major countries, affecting consumption patterns. Due to the lockdown implemented in various countries, domestic and international transport has been hampered, which has significantly affected the supply chain of many industries across the world, increasing the gap between supply and demand. . Thus, insufficient supply of raw materials is expected to hamper the production rate of automotive electronic security system, which will negatively impact the growth of the market. However, this situation is expected to improve as the government has started to relax the standards around the world for resuming business activities.

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Main impact factors

Growing use of automotive sensors, growing security threats in self-driving cars, and increasing disposable income are driving the growth of the market.
The complexity and the high cost of the functionalities are the main obstacles to the growth of this market.
The growing demand for in-car infotainment systems can be seen as an opportunity for market investment.

The automotive safety electronics market trends are as follows:

Growing use of automotive sensors

Automation in vehicles is seen as the ultimate goal of mobility. Automotive manufacturers and Tier 1 suppliers, as well as technology providers (e.g. semiconductor providers) and smart mobility companies (e.g., ridesharing companies) that are not traditionally involved in the automotive industry are all struggling to develop and invest in related technologies. Semiconductor vendors are actively developing a wide range of microchips and fusion and system-on-chip devices incorporating artificial intelligence (AI) and machine learning technologies. Safety is a key selling point for autonomous vehicles. However, achieving full range (level 5) requires technological advancements, such as ADAS, electronic stability control, lane departure warning, anti-lock brakes, and traction control, which can help reduce the number of road accidents. For example, Mercedes introduced the S-Class sedan with the Intelligent Drive package of safety and driver assistance systems. The vehicle is equipped with controls, sensors and 36 distinct technologies, including 12 ultrasonic sensors and 6 radar sensors and around 8 cameras monitoring the car 360 degrees. All of these technologies require complex electronic components that include high speed processors, memory, controllers, sensors, and data links to ensure vehicle reliability and safety. Thus stimulating the growth of the market.

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Security threats in self-driving cars

In recent years, self-driving cars have gained more and more attention. There have been many fatal accidents involving self-driving cars. The level of autonomous driving of self-driving cars will range from 3 to 5, and the interpersonal interaction of vehicles is limited. In April 2021, an autonomous car crashed and caught fire. In this event, the car’s electronic security system was unable to recognize the obstacle. With the development of advanced sensors such as radar, lidar and image sensors, manufacturers are expected to adopt them in autonomous vehicles. However, OEMs and automakers need to focus on improving the accuracy and reliability of these sensors. Thus, the security threats in self-driving cars are driving the growth of the automotive security electronics market.

Main advantages of the report:

This study presents the analytical description of the Automotive Safety Electronics industry along with current trends and future estimates to determine impending pockets of investment.
The report presents information related to key drivers, restraints, and opportunities as well as challenges in the Automotive Safety Electronics market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the Automotive Safety Electronics Market.
The report provides a detailed analysis of the Automotive Safety Electronics market based on the intensity of the competition and how the competition will take shape in the coming years.

Questions Answered in the Automotive Safety Electronics Market Research Report:

Who are the major market players active in the Automotive Safety Electronics market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the coming years?
What are the driving factors, restraints, and opportunities in the automotive safety electronics market?
What are the projections for the future that could help take further strategic action?

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