Global Light Vehicle Safety System Market worth USD 38.46 Billion by 2024

Pune, India, February 04, 2019 -- /360iResearch/ -- The report "Global Light Vehicle Safety System Market - Premium Insight, Industry Trends, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q4 2018 Update)", published by 360iResearch, states that the global market was valued at USD 19.54 billion in 2017 and is projected to reach USD 38.46 billion by 2024, growing at a CAGR of 10.16% from 2017 to 2024.

The major forces driving the growth of the light vehicle safety system market include the increasing demand for light vehicles and enforcement of government regulations pertaining to vehicle safety. Moreover, increasing need for safe, efficient, and convenient driving experience is also one of the factors that is driving the market growth. However complicated features and security threat, and failure of the software component in applications may hinder the market growth. In the middle of difficulty lies opportunity such as the benefits of highly autonomous vehicles. The possible challenges for the market growth is balance between cost & quality. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on component, the global light vehicle safety system market is studied across Hardware, and Software. Based on protection system, the global light vehicle safety system market is studied across Active Hood Lifters, Airbags, Pedestrian Protection Airbag, Seatbelts, and Whiplash Protection System. Based on technology, the global light vehicle safety system market is studied across Anti-Lock Braking Systems, Automatic Emergency Braking, Blind Spot Detection, Electronic Brake Force Distribution, Electronic Stability Control, Forward-Collision Warning, Lane Departure Warning Systems, Tire Pressure Monitoring Systems, and Traction Control System. Based on end user, the global light vehicle safety system market is studied across Aftermarket, and OEM. Based on geography, the global light vehicle safety system market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the light vehicle safety system market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Autoliv, Continental, Delphi Automotive, Denso, Hyundai Mobis, Infineon, Knorr-Bremse, Magna, Mobileye, Robert Bosch, Takata, Valeo, and ZF Friedrichshafen.

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