The global automotive safe exit assist market is anticipated to grow at a steady CAGR for the forecast period, 2023-2027. Factors such as the increase in production and sales of automobiles worldwide and rapid integration of active safety features in automobiles drive the demand for global automotive safe exit assist market. Strict government regulations and the high government support concerning the safety of automobiles is expected to contribute to the market growth. Also, the ongoing technological advancements in the automotive industry and launch of electric cars and autonomous vehicles are expected to create lucrative growth opportunities for the market players in the next five years. However, the low awareness in developing economies and the high initial cost may restrain the global automotive safe exit assist market growth in the forecast period.
Increased Integration of Advanced Safety Features Drives the Market Growth
Globalization and industrialization have raised the awareness among the consumers about the technological innovations going in the automotive industry. Consumers are thoroughly looking and comparing the features in their different automobiles before making the purchase decision. Automakers are working on integrating maximum number of entertainment, comfort and safety features in an automobile to capture the highest market share in the forecast period. The growing demand for advanced safety features is boosting the demand for ADAS based safety systems in an automobile. Based on the study by World Bank, road accidents are considered a major cause of death among the youth generation. Automotive safe exit assist technology is an advanced safety feature installed in an automobile to prevent the road accidents happening due to the untimely opening of car door which may hurt the person exiting the vehicle or the car door. Intense competition between the market players is making them invest in research and development activities to find innovative solutions and upgrade the existing infrastructure of automobiles. They are loading the vehicles with a number of safety and comfort features to have the highest customer attraction. Also, the increased sales and production of passenger cars in developing countries is accelerating the installation of automotive safe exit assist system.
Favorable Government Policies Supports the Market Growth
Government has imposed several regulations and laws to lower the road accidents and improve the safety of vehicles and passengers. Continuous rise in the number of vehicles on the roads increases the traffic congestion and accidents. Driver or passenger can get severely hurt while coming out of vehicle. Leading authorities are spending significant amounts to adopt novel technologies and develop safety features and support the use of automated vehicles. Automotive manufacturers are required to fulfill the safety norms by various organizations such as the Insurance Institute of Highway Safety (IIHS), International Center for Automotive Technology (ICAT) to access the authorization of vehicles. Automotive safe exit assist provides safety to the passengers and ensures no one is hurt while exiting the automobile. The rise in the number of market players introducing automotive safe exit system in their automobiles and strict vehicle safety regulations are expected to propel the market growth over the next five years.
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Market Segmentation
The global automotive safe exit assist market is segmented into vehicle type, regional distribution, and company. To analyze the market based on the region, the global automotive safe exit assist market is studied in major regions namely North America, Asia-pacific, Europe, and rest of world. In terms of country, United States is expected to hold significant market share in the forecast period due to early adoption of advanced technologies by the automotive sector.
Market Players
Hyundai Motor Company is one of the major market players leading the global automotive safe exit assist market.
Attribute | Details |
Base Year | 2021 |
Historic Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027 |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Vehicle Type |
Regional scope | North America; Asia Pacific; Europe; Rest of World |
Key companies profiled | Hyundai Motor Company |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global automotive safe exit assist market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Automotive Safe Exit Assist Market, By Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Automotive Safe Exit Assist Market, By Region:
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Product Overview
- Research Methodology
- Executive Summary
- Working Principle of Automotive Safe Exit Assist
- Ongoing Research on Automotive Safe Exit Assist
- Road Accident Overview
- Global Automotive Safe Exit Assist Market Potential, 2018-2028
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share and Forecast
7.3. By Vehicle Type
7.3.1.1. Passenger Car
7.3.1.2. Commercial Vehicle
7.3.2. By Region
7.3.2.1. North America
7.3.2.2. Europe
7.3.2.3. Asia-Pacific
7.3.2.4. Rest of the World
- Market Dynamics
8.1. Drivers
8.2. Challenges
- Market Trends and Developments
- Policy & Regulatory Landscape (Major Countries)
- Vehicle Models Comprising Safe Exit Assist Feature
- Companies Involved in Automotive Safe Exit Assist
12.1. Company Profiles (Including SWOT)
12.1.1. Hyundai Motor Company
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