Global automotive safety supplier market insights
Technology developments within the automotive safety industry has majorly impacted the business outlook in recent years which can be corroborated by the recent increasing business movements
The global automotive safety industry has been home to a number of ground-breaking developments of late, shaping up to be a dynamic industry rather than being a placid one. However, this was not always the case. A decade ago, the global automotive safety supplier market was majorly dominated by traditional safety offerings with passive safety products regarded as the ‘bread-and-butter’ for safety component suppliers. Fast forward to 2018, technology penetration and the race towards autonomy have disrupted the entire safety system outlook, with the emergence of advanced active safety systems. Further, the autonomy marathon has gathered momentum, as the automotive industry continues to invest in future solutions for the ‘car of tomorrow’. Among the various components that have gone through the technological revolution, safety systems remain one of the crucial automotive applications, as companies continue to develop newer technologies in order to not only protect vehicle occupants but also to create a safe ecosystem.