“Growing health and safety concerns and technological advancements in the automotive sector are expected to fuel the demand for driver safety systems for both, passenger cars and off-highway vehicles.”
The driver safety market is projected to grow at a CAGR of 6.24%, to reach a market size of USD 3.20 billion by 2025. Key factors driving the growth of the driver safety market are increasingly stringent safety regulations and the rising demand for luxury and comfort in the passenger car segment. Factors restraining the growth of the driver safety market include the high cost of the system and its complex nature.
The study contains insights provided by various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type – Tier 1 – 55 %, Tier 2 – 20%, and Tier 3 – 25%
• By Designation…
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