The global light vehicle safety system market is expected to grow from USD 19.54 billion 2017 to USD 38.46 billion by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 10.16%.

"Increasing demand for light vehicles
is one of the factors largely attributing to the growth of light vehicle safety system market globally"

The factors attributing to the growth of the market are increasing demand for light vehicles, enforcement of government regulations pertaining to vehicle safety, and increasing need for safe, efficient, and convenient driving experience. However, some factors such as complicated features and security threat, and failure of the software component in applications may hinder the market growth. The global light vehicle safety system market is expected to showcase the opportunities such as and benefits of highly autonomous vehicles. In the near future, the market may face the possible challenges in the growth due to and balance between cost & quality. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global light vehicle safety system market market."Hardware: The highest growing component for the global light vehicle safety system market"

On the basis of component, the global light vehicle safety system market is studied across Hardware and Software. Among all these component, the Hardware is projected to hold the largest market share while the Software has the potential to grow the market with the highest CAGR in the forecast period."Airbags: The highest growing protection system for the global light vehicle safety system market"

On the basis of protection system, the global light vehicle safety system market is studied across Active Hood Lifters, Airbags, Pedestrian Protection Airbag, Seatbelts, and Whiplash Protection System. Among all these protection system, the Airbags is projected to hold the largest market share while the Whiplash Protection System has the potential to grow the market with the highest CAGR in the forecast period."Traction Control System: The highest growing technology for the global light vehicle safety system market"

On the basis of 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. Among all these technology, the Traction Control System is projected to hold the largest market share while the Anti-Lock Braking Systems has the potential to grow the market with the highest CAGR in the forecast period."OEM: The highest growing end user for the global light vehicle safety system market"

On the basis of end user, the global light vehicle safety system market is studied across Aftermarket and OEM. Among all these end user, the OEM has captured the maximum market share while the Aftermarket has the opportunity to emerge with the highest CAGR."Asia-Pacific: The highest growing geography for the global light vehicle safety system market"

On the basis of geography, the global light vehicle safety system market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Asia-Pacific is showing the maximum growth in the near future with the highest CAGR while the Asia-Pacific is dominating the market with highest market size.

"Autoliv: The potential growing player for the global light vehicle safety system market"

The key players profiled in the global light vehicle safety system market are Autoliv, Continental, Delphi Automotive, Denso, Hyundai Mobis, Infineon, Knorr-Bremse, Magna, Mobileye, Robert Bosch, Takata, Valeo, and ZF Friedrichshafen.


The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on sulfuric acid offered by the key players in the global light vehicle safety system market.
2. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and new product developments in the global light vehicle safety system market.
3. Market Development: Provides in-depth information about lucrative emerging markets and analyzes the markets for the global light vehicle safety system market.
4. Market Diversification: Provides detailed information about new products launches, untapped geographies, recent developments, and investments in the global light vehicle safety system market.
5. Competitive Assessment & Intelligence: Provides exhaustive assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global light vehicle safety system market.