Engineering for Safety: Trends Shaping the Automotive Passive Safety System Industry

Matt Easterlin21 Nov, 2023Business

The automotive passive safety system market is projected to grow at a sustainable CAGR of 3.7% over the next five years to reach US$ 27.9 billion in 2022. The automotive passive safety system market is driven by several factors, including: Rising consumers? preferences for high-safety features in vehicles. The introduction of more stringent safety standards by the governments of many countries. Increasing penetration of curtain and knee airbags, especially in developing economies. Organic growth of automotive production. Advancement in technology.