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Automotive Active Bonnet Market to Grow by 3.7 Million Units, at 10% CAGR During 2019-2023 | Technavio

LONDON--(BUSINESS WIRE)--Jun 3, 2019--

According to Technavio Research Report , “Global Automotive Active Bonnet Market by application (sedan, SUV and crossover, and Hatchback) and geographic regions (APAC, Europe, MEA, North America, and South America) is expected to grow by 3.7 million, at a CAGR of more than 10% from 2019-2023.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190603005545/en/

Technavio has published a new market research report on the global automotive active bonnet market from 2019-2023. (Graphic: Business Wire)

Free sample report contains market size and forecast, drivers, challenges, trends, and more –Request for Sample@https://www.technavio.com/talk-to-us?report=Automotive%20Active%20Bonnet%20Market%20by%20Application%20and%20Geography%20-%20Global%20Forecast%20and%20Analysis%202019-2023&type=sample&src=report&v=rfsctrl

Global automotive active bonnet market: Growing adoption of ADAS

The automotive active bonnet system helps in reducing the impact on pedestrians in the event of a collision. However, it is only effective within a certain speed limit, above which the sensors cannot detect pedestrians. As a result, the vehicle needs to slow down before the collision to effectively deploy the active bonnet. This increases the need for an active safety system that can alert driver or act autonomously to avoid the collision. This is increasing the adoption of ADAS that warns the driver to slow down the vehicle, or automatically applies brakes to avoid or mitigate a crash. Thus, the presence of ADAS increases the value of automotive active bonnet.

“Apart from the growing adoption of ADAS to enhance efficiency of automotive active bonnet, other factors such as growing demand for luxury cars, and the integration of safety features with automotive active bonnet will have a significant impact the growth of the automotive active bonnet market size during the forecast period,” says a senior analyst at Technavio.

Global automotive active bonnet market: Segmentation analysis

This market research report segments the global automotive active bonnet market by application (sedan, SUV and crossover, and Hatchback) and geographic regions (APAC, Europe, MEA, North America, and South America).

The European region led the market in 2018, followed by APAC, North America, MEA, and South America respectively. The automotive active bonnet market growth can be attributed to several factors such as the high proportion of pedestrian fatalities in road accidents, increasing sale of vehicles, growing adoption active bonnets by luxury cars as a standard feature, and the presence of established brands in the region.

Speak to Research Expert @https://www.technavio.com/talk-to-us?report=Automotive%20Active%20Bonnet%20Market%20by%20Application%20and%20Geography%20-%20Global%20Forecast%20and%20Analysis%202019-2023&type=customization&v=cza

Global automotive active bonnet market: implementation of automotive safety ratings

A key factor driving the growth of the global automotive active bonnet market size is the implementation of automotive safety ratings. The rising necessity for the inclusion of safety systems in vehicles is increasing the penetration of passive safety systems from luxury vehicles to entry-level vehicles. The increasing number of vehicles with a high number of safety systems has compelled car safety programs such as NCAP to make its rating criteria more stringent. This is compelling vehicle manufacturers to adopt the active bonnet, which will drive the automotive active bonnet market growth during the forecast period.

Few Major Players for the global automotive active bonnet market are:

  • BMW AG
  • Daimler AG
  • Jaguar Land Rover Ltd.
  • Volkswagen AG
  • Volvo Car Corp.

Browse Industries Reports @Auto components

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

View source version on businesswire.com:https://www.businesswire.com/news/home/20190603005545/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE PERFORMANCE & SPECIAL INTEREST GENERAL AUTOMOTIVE

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 06/03/2019 10:38 AM/DISC: 06/03/2019 10:38 AM

http://www.businesswire.com/news/home/20190603005545/en

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