Mumbai, Maharashtra, India
The increasing number of passenger car sales in China along with growing safety concerns is driving growth of active and passive safety systems market. To compete in the market, vehicle manufacturers are likely to adopt advanced active safety systems in a wider range of passenger vehicle segments to differentiate their products. Cost of active and passive safety systems are decreasing, likely to render them more affordable for vehicle manufacturers to increase installations in passenger cars in China.
New analysis from Frost & Sullivan (http://www.automotive.frost.com), Chinese Passenger Car Active and Passive Safety Systems Market, reveals that the market earned revenues of $1.02 billion in 2005 and estimates to reach $3.01 billion in 2012.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the Chinese Passenger Car Active and Passive Safety Systems Market, then send an e-mail to Ravinder Kaur, Corporate Communications, at ravinder.kaur@frost.com with your full name, company name, title, telephone number, fax number and e-mail address. Upon receipt of the above information, an overview will be sent to you by e-mail.
"The rising demand for passenger vehicles increases vehicle production which drives the deployment of active and passive safety systems to be equipped in passenger vehicles," says Frost & Sullivan Research Analyst Amelia Wong. "Increased penetration of antilock braking systems and airbag systems along with increased safety concerns are also influencing market growth."
Vehicle manufacturers are offering lower prices and providing feature differentiation to attract customers. The adaptation of new safety systems to win over customers from competitors drives market growth especially in high-end passenger car segments. In addition, decreasing prices of new technology safety systems is likely to aid mass-adoption.
Safety products are likely to be reliable, requiring assurance on product functionalities. However, vehicle manufacturers are exerting pressure on active safety system suppliers for design and development in more reliable, advanced technology products. The rise in supplier numbers is likely to create a slew of low product prices to compete effectively in this market.
"There are many domestic Chinese systems companies eagerly entering the market and as a result, some domestic suppliers are slashing their product prices," notes Wong. "In this growing market, failure in systems performance will bring significant financial losses and damages to the brand image of vehicle manufacturers and systems suppliers."
Systems suppliers can improve their existing products and introduce new products to capture the attention of vehicle manufacturers for adoption in vehicles. They also need to continue research and development efforts to improve existing products and develop new products. Quality assurance is important, with implementation of this process throughout the production line and supply network.
The Chinese Passenger Car Active and Passive Safety Systems Market, part of the Automotive Growth Partnership Services, analyzes the Chinese passenger car active and passive safety systems market and discusses the prevailing challenges in China. This study also provides strategic recommendations for industry participants. It includes an in-depth look into the following application sectors of this market: anti-lock braking systems (ABS), electronic stability control (ESC) systems, active steering systems (ASS), tire pressure monitoring systems (TPMS), collision avoidance systems, adaptive cruise control (ACC) systems, airbags systems and seatbelts systems. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.frost.com
Chinese Passenger Car Active and Passive Safety Systems Market
P017-18
Ravinder Kaur ,Corporate Communications - South Asia & Middle East, Frost & Sullivan, + 91 (044) 4204 4515 ravinder.kaur@frost.com
Tori Foster, Corporate Communications - North America, Frost & Sullivan, + 1 210 477 8448 tori.foster@frost.com
Source: Frost & Sullivan (Business Wire India)
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