Investment and innovation in active safety systems, such as electronic stability control (ESC) and anti-lock braking, is at an all time high in the automotive industry. According to research from Marketsandmarkets, the global car safety systems market was worth US$93.73bn in 2015, a figure that is estimated to grow at a CAGR of 10.24% until reaching US$152.59bn by 2020. The majority of this is attributed to the active safety systems market, which will grow at a higher CAGR than the passive safety systems market.
The report suggests that active safety is “in the nascent stage of development but has substantial potential to reduce the harmful effects of road traffic accidents on occupants and pedestrians.” As active systems play an increasingly important role in vehicle safety, experts believe that the way in which simple safety features like seat belts and airbags are used will change.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?