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Global Automotive Safety System Industry

26 November 2020 09:05

Global Automotive Safety System Market to Reach $165. 4 Billion by 2027. Amid the COVID-19 crisis, the global market for Automotive Safety System estimated at US$96 Billion in the year 2020, is projected to reach a revised size of US$165.New York, Oct. 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive Safety System Industry" - https://www.reportlinker.com/p05797999/?utm_source=GNW 4 Billion by 2027, growing at aCAGR of 8.1% over the period 2020-2027. Active, one of the segments analyzed in the report, is projected to record 8.9% CAGR and reach US$104 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Passive segment is readjusted to a revised 6.8% CAGR for the next 7-year period. The U.S. Market is Estimated at $25.9 Billion, While China is Forecast to Grow at 12.2% CAGR The Automotive Safe.
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