 
        | Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year | 
|---|---|---|---|
| USD 7.97 Billion | USD 24.52 Billion | 11.9% | 2024 | 
FrequentlyAsked Questions
Safety is a keyword based on which every worldwide standard is defined. No matter it is a product or a service, the whole calculation of the mechanism is derived from the perspective of safety. And in terms of human safety, while driving, it is a stringent parameter considered before designing the process, product, or any mechanism. The government introducing regulations related to passenger safety and forcing the automobile manufacturer to assemble required safety features has motivated the demand for driver safety systems market.
The global driver safety systems market is expected to grow due to Rising concerns over road safety and stringent vehicle safety regulations fuel demand. Growth in autonomous and connected vehicles supports market expansion.
According to a study, the global driver safety systems market size was worth around USD 7.97 Billion in 2024 and is expected to reach USD 24.52 Billion by 2034.
The global driver safety systems market is expected to grow at a CAGR of 11.9% during the forecast period.
The global driver safety systems market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market owing to the large production base of automobiles and the increasing emphasis of the government on safety.
The global driver safety systems market is dominated by players like TRW Automotive Holdings Corp, Takata Corp, Toyoda Gosei Co. Ltd, Autoliv Inc, Tokai Rika Co. Ltd, Delphi Automotive LLP, Hyundai Mobis, Nihon Plast Co. Ltd., Raytheon Co., FLIR Systems Inc., Continental AG, Hella KGaA Hueck & Co, East Joy Long Motor Airbag Co. Ltd., Tokai Rika Co. Ltd and Infineon Technologies AG among others.
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