Automotive Active Safety System Market Trends, Development Status, Sales Revenue and Outlook 2023

February 23, 2021
Ajitb567

The automotive active safety system market is growing at a rapid pace across the globe. The market growth attributes to the rising demand for increased vehicle safety and enhanced driving experience. Besides, the rising rate of road collisions and accidents that often turn into fatal ones creates a vast demand for active safety features such as automated lighting, automatic braking, and adaptive cruise control.

Moreover, the proliferation of smartphones and smart connected devices that incorporate traffic warnings escalate market growth. According to Market Research Future (MRFR), the global automotive active safety system market is projected to register approximately 10.65% CAGR throughout the review period (2017 to 2023). Stringent government regulations for light vehicle active safety are the current global industry trends.

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