The global automotive
safe exit assist market is anticipated to grow at a steady CAGR for the
forecast period, 2023-2027. Factors such as the increase in production and
sales of automobiles worldwide and rapid integration of active safety features
in automobiles drive the demand for global automotive safe exit assist market.
Strict government regulations and the high government support concerning the
safety of automobiles is expected to contribute to the market growth. Also, the
ongoing technological advancements in the automotive industry and launch of
electric cars and autonomous vehicles are expected to create lucrative growth
opportunities for the market players in the next five years. However, the low awareness in
developing economies and the high initial cost may restrain the global
automotive safe exit assist market growth in the forecast period.
Increased Integration of
Advanced Safety Features Drives the Market Growth
Globalization and
industrialization have raised the awareness among the consumers about the
technological innovations going in the automotive industry. Consumers are
thoroughly looking and comparing the features in their different automobiles
before making the purchase decision. Automakers are working on integrating
maximum number of entertainment, comfort and safety features in an automobile
to capture the highest market share in the forecast period. The growing demand
for advanced safety features is boosting the demand for ADAS based safety
systems in an automobile. Based on the study by World Bank, road accidents are
considered a major cause of death among the youth generation. Automotive safe exit
assist technology is an advanced safety feature installed in an automobile to
prevent the road accidents happening due to the untimely opening of car door
which may hurt the person exiting the vehicle or the car door. Intense
competition between the market players is making them invest in research and
development activities to find innovative solutions and upgrade the existing
infrastructure of automobiles. They are loading the vehicles with a number of
safety and comfort features to have the highest customer attraction. Also, the increased
sales and production of passenger cars in developing countries is accelerating
the installation of automotive safe exit assist system.
Favorable Government Policies
Supports the Market Growth
Government has imposed
several regulations and laws to lower the road accidents and improve the safety
of vehicles and passengers. Continuous rise in the number of vehicles on the
roads increases the traffic congestion and accidents. Driver or passenger can
get severely hurt while coming out of vehicle. Leading authorities are spending
significant amounts to adopt novel technologies and develop safety features and
support the use of automated vehicles. Automotive manufacturers are required to
fulfill the safety norms by various organizations such as the Insurance Institute
of Highway Safety (IIHS), International Center for Automotive Technology (ICAT)
to access the authorization of vehicles. Automotive safe exit assist
provides safety to the passengers and ensures no one is hurt while exiting the
automobile. The rise in the number of market players introducing automotive
safe exit system in their automobiles and strict vehicle safety regulations are
expected to propel the market growth over the next five years.
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Market Segmentation
The global automotive safe
exit assist market is segmented into vehicle type, regional distribution, and
company. To analyze the market based on the region,
the global automotive safe exit assist market is studied in major regions
namely North America, Asia-pacific, Europe, and rest of world. In terms of
country, United States is expected to hold significant market share in the
forecast period due to early adoption of advanced technologies by the
automotive sector.
Market Players
Hyundai Motor Company is one
of the major market players leading the global automotive safe exit assist market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Vehicle Type
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Regional scope
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North America; Asia Pacific; Europe; Rest of World
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Key companies profiled
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Hyundai Motor Company
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, global automotive
safe exit assist market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Automotive Safe Exit Assist Market, By Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Automotive Safe
Exit Assist Market, By Region:
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in global automotive safe exit assist
market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Global automotive safe exit assist
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]