Market Overview:
The global commercial vehicle safety system market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for commercial vehicles, rising awareness about safety features in commercial vehicles, and the increasing number of road accidents. The global commercial vehicle safety system market is segmented on the basis of type into active and passive systems. Active systems are further segmented into collision avoidance systems, lane departure warning systems, blind spot detection systems, and others (parking assistance sensors). Passive systems are further segmented into seatbelts, airbags, anti-lock braking system (ABS), electronic stability control (ESC), tire pressure monitoring system (TPMS), and others (hill start assist). On the basis of application, the global commercial vehicle safety system market is divided into trucking applications, bus applications,, and other applications such as construction equipment,. The trucking application segment is expected to hold a major share of the global Commercial Vehicle Safety System Market duringthe forecast period owingto its high demand from various end-use industries such as logistics & transportation,, retail,. food & beverage,. automotive,.and oil & gas.
Product Definition:
A commercial vehicle safety system is a vehicle-based system that helps to prevent or mitigate accidents involving commercial vehicles. These systems typically include features like collision avoidance, lane departure warning, and forward collision warning. The goal of these systems is to help drivers avoid accidents or reduce the severity of those accidents that do occur. Commercial vehicle safety systems are important because they can help to prevent injuries and fatalities in the event of a crash.
Active:
Active safety systems are a set of electronic devices and components designed to prevent or reduce the possibility of accidents. These systems can be divided into two broad categories, passive and active.
Passive safety is the protection that comes from basic design characteristics such as strength, size, cost-effectiveness, etc.
Passive:
Passive safety systems are a set of passive components and techniques used to prevent or reduce the risk of fire, injury or damage to people and cargo in a vehicle. These systems rely on the design characteristics, installation location, proper maintenance and use of restraint systems.
The Passive Safety System Market size was valued at USD 4.62 billion in 2015 owing to increasing demand for these devices from Original Equipment Manufacturers (OEMs).
Application Insights:
The truck application segment led the global commercial vehicle safety system market and accounted for more than 50.0% share of the overall revenue in 2017. The segment is likely to retain its dominant position throughout the forecast years on account of heavy dominance in North America and Europe. The growing importance of trucks as a mode of transport for logistics companies is expected to drive demand over the coming years.
The increasing number of e-commerce businesses coupled with rising consumer preference for convenient shopping has created opportunities for online taxi services, thereby augmenting product demand across various applications such as bus, truck, others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing road accidents, rising disposable income of consumers, and government initiatives for road safety. For instance, in India, Road Safety Day is celebrated on 4th February every year to raise awareness about various road safety issues such as drink-driving and driving under influence of drugs or alcohol. Moreover, Asia Pacific has been witnessing a high growth rate in commercial vehicle sales owing to factors such as low ownership cost compared with individual car models; economic conditions; along with favorable regulations for taxicab operators that enable them use heavy commercial vehicles on regular routes at a relatively lower fare.
Europe accounted for more than 20% share of the overall revenue in 2017 due to stringent regulation enforcement by governments across European countries regarding truck driver fatigue management coupled with other risk factors associated with fatigued drivers resulting into increased number of crashes which are anticipated favorably impact market growth over the next eight years.
Growth Factors:
- Increasing demand for commercial vehicles: The global commercial vehicle market is expected to grow at a CAGR of 5.5% from 2016 to 2021. This growth is primarily attributed to the increasing demand for commercial vehicles from emerging markets such as India and China.
- Stringent safety regulations: Governments across the globe are implementing stringent safety regulations for commercial vehicles, which is driving the adoption of CVSS systems. For instance, in March 2017, the European Union introduced a new regulation mandating the installation of advanced emergency braking systems (AEBS) in all new heavy-duty trucks by November 2019.
- Rising awareness about CVSS benefits: The benefits of CVSS systems such as improved safety and fuel efficiency are being increasingly recognized by fleet operators worldwide, which is resulting in an increase in their adoption rates.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Vehicle Safety System Market Research Report
By Type
Active, Passive
By Application
Truck, Bus, Others
By Companies
Robert Bosch, Continental, Denso, Infineon, ZF, Aptiv, Aisin, Toyoda Gosei, Magna International
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Vehicle Safety System Market Report Segments:
The global Commercial Vehicle Safety System market is segmented on the basis of:
Types
Active, Passive
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Truck, Bus, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Robert Bosch
- Continental
- Denso
- Infineon
- ZF
- Aptiv
- Aisin
- Toyoda Gosei
- Magna International
Highlights of The Commercial Vehicle Safety System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Active
- Passive
- By Application:
- Truck
- Bus
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Vehicle Safety System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial vehicle safety system (CVSS) is a type of safety system that is designed to prevent or mitigate the consequences of a crash involving a commercial motor vehicle. CVSS systems typically include features such as collision warning, automatic braking, and emergency response assistance.
Some of the major players in the commercial vehicle safety system market are Robert Bosch, Continental, Denso, Infineon, ZF, Aptiv, Aisin, Toyoda Gosei, Magna International.
The commercial vehicle safety system market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Vehicle Safety System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Vehicle Safety System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Vehicle Safety System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Vehicle Safety System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Vehicle Safety System Market Size & Forecast, 2020-2028
4.5.1 Commercial Vehicle Safety System Market Size and Y-o-Y Growth
4.5.2 Commercial Vehicle Safety System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Active
5.2.2 Passive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Truck
6.2.2 Bus
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Vehicle Safety System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Vehicle Safety System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Active
9.6.2 Passive
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Truck
9.10.2 Bus
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Active
10.6.2 Passive
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Truck
10.10.2 Bus
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Active
11.6.2 Passive
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Truck
11.10.2 Bus
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Active
12.6.2 Passive
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Truck
12.10.2 Bus
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Active
13.6.2 Passive
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Truck
13.10.2 Bus
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Vehicle Safety System Market: Competitive Dashboard
14.2 Global Commercial Vehicle Safety System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Robert Bosch
14.3.2 Continental
14.3.3 Denso
14.3.4 Infineon
14.3.5 ZF
14.3.6 Aptiv
14.3.7 Aisin
14.3.8 Toyoda Gosei
14.3.9 Magna International
