Increasing concern among consumers about automotive safety is driving demand in the Global Automotive Safety Systems Market, which is expected to post a CAGR of 9.43 % from 2014-2019, says research firm TechNavio.
According to the latest report from TechNavio, in-vehicle electronic devices are in high demand in emerging markets for examining road conditions and preventing accidents. Safety systems provide alerts to drivers to keep them and their vehicles out of potentially dangerous situations.
“Various active and passive automotive safety systems are increasingly being used, as passenger safety has become a prime concern for automobile manufacturers,” says Faisal Ghaus, Vice President of TechNavio.
“Automobile manufacturers are focusing on improving the integration of passive safety systems with active safety systems, especially side airbags, seat belts and advanced emergency braking systems, as they reduce the impact of accidents.”
Furthermore, the new TechNavio report emphasizes the growing adoption of side airbags in low cost and compact automobiles. With increasing concerns regarding automotive safety among consumers from various socioeconomic groups worldwide, the demand for enhanced safety features like side airbags have increased significantly in the low cost vehicle segment.