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Automotive safety systems market to grow to $ 81 billion by 2028

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The automotive safety market is very promising. This conclusion allows us to make a forecast prepared by experts of the analytical company Strategy Analytics. In their opinion, the average annual growth rate of this market in the period from 2020 to 2025 will be almost 12%. If this forecast is met, the vehicle safety market will reach $ 81 billion by 2028.

This will be facilitated by the rapid deployment of Advanced Driver Assistance Systems (ADAS) and the continued proliferation of passive safety systems in emerging markets, as well as the inclusion of additional safety systems to meet stricter regulatory requirements, analysts said. All this will lead to the fact that security products will become the second largest consumer of semiconductor products in the automotive industry.

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