Driver Safety System Market Highlights, Competitive Scenario, Share, Trends, Drivers And Challenges 2030


The Global Driver Safety System Market is estimated to grow at CAGR of 6.7% between 2020 and 2030. Increased investment in development of advanced vehicle safety system, enforcement of stringent regulatory framework, and rising demand for hybrid electric vehicles to drive the growth of the global driver safety system market. The development and integration of advanced technology has accelerated the sale of passenger vehicles across the globe along with expansion of commercial fleets for freight movement. Increased disposable income, availability of wide range of options, and declining cost of passenger vehicles across the globe has accelerated the sale of passenger vehicles during past decade. This has accelerated the implementation of stringent regulations to ensure safety of occupants as well as pedestrians, thereby fueling adoption of driver safety systems globally. Additionally, rising consumer awareness regarding safety and integration of safety systems by the automotive OEMs is expected to drive the growth of the global driver safety system market during the forecast period.

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