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Allied Market Research

Automotive Active Bonnet Market by Component (Bumper Sensors, Electronic Control Unit (ECU), Active Hinge Systems, and Other), by Vehicle Type (Passenger Vehicle and Commercial Vehicle), and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09073
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Aug 2021 | 583 Views
   
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COVID-19

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Automotive Active Bonnet Market Outlook - 2027

With rising number of accidents in recent years, the automakers are targeting more on enhancing the safety level in the vehicles. Automotive active bonnet is a safety component installed in a vehicle which reduces the risk of serious injury to a pedestrian in case of accident. Moreover, the active bonnet alleviates the impact on pedestrian’s head in an accident. In case of collision, the rear end of active bonnet is raised when an impact exceeding a particular level is detected, creating a shock absorbing space between bonnet and engine. Automotive active bonnets can be integrated with several other features, such as energy-storing body panels and hood airbag, which could further enhance the safety and performance of vehicles.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Component, Vehicle type, Sales channel

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

Mercedes-Benz, Tesla Inc., General Motors, Volkswagen AG, Mazda Motor Corporation, BMW AG, Volvo Car Corp., Volvo Car Corp., Jaguar Land Rover Ltd., Kia Motors Corporation

 

COVID-19 scenario analysis: 

  • The outbreak of the deadly Novel Coronavirus (COVID-19) is fast spreading its grip across the world and is having a major impact on each and every aspect of society, including the automotive industry.
  • Automobile and component manufacturing plants have stopped production, including automotive active bonnet.
  • The sharp drop in demand has presented a challenge for the automakers to plan a recovery after the end of the lockdown.
  • Apart from the revenue loss, the auto sector is also likely to suffer major job losses due to the virus, wherein the industry has witnessed a prolonged slowdown.
  • Besides, the disrupted supply chain has impacted the production of automotive active bonnet. Although, the entire auto industry is facing a major challenge, the right action plan would negate the effect of economic slowdown. 

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

The stringent government norms and rising vehicle standards to reduce the fatality rate caused by accidents is propelling the automotive active bonnet market of automotive active bonnet. Besides, the rising number of vehicle and increasing adoption of automotive active bonnet in vehicles is driving the market. Additionally, technological development of automotive active bonnet is driving the market. However, the low-speed effectiveness of active bonnet and inaccuracy of active bonnet is hampering the market. Furthermore, increasing awareness of consumers towards safety in vehicle has led to rise in demand for automotive active bonnet.

The Automotive Active Bonnet market trends are as follows:

Automotive safety ratings prompting the market growth

The concern for increasing vehicle safety has speeded up in recent years. The increasing sales of vehicles has necessitated the safety programs such as the New Car Assessment Program (NCAP) to make the rating criteria more stringent. The rating criteria includes the installation of safety features like curtain airbags, anti-theft systems, drunk driver detection system, active bonnet system, driver fatigue monitoring systems and other. Moreover, from 2015, the Euro NCAP included AEB and active bonnet in its rating parameter. In order to improve the safety rating of the vehicle, the automakers are implementing active bonnet system. With rise in safety rating, the sales of vehicle also boost. For instance, the sales of Kia Seltos are skyrocketing as it received 5-star rating from Australasian New Car Assessment Program (ANCAP) due to inclusion of active bonnet in the vehicle.

Integration of active bonnet with other safety features

The automakers are continuously developing the automotive active bonnet to increase the level of safety of the passenger. The active bonnet is integrated with several other features, such as energy-storing body panels and hood airbag, which could further enhance the safety of the vehicle. In 2017, Mercedes Benz filed a patent for pedestrian airbags which works in accordance with active bonnet. 

Key segments covered:

Segments

Sub-segments

  Component

  • Bumper Sensors
  • Electronic Control Unit (ECU)
  • Active Hinge Systems
  • Other

  Vehicle type

  • Passenger vehicle
  • Commercial vehicle

  Sales channel

  • OEM
  • Aftermarket


Key benefits of the report:

  • This study presents the analytical depiction of the automotive active bonnet industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the automotive active bonnet market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed automotive active bonnet market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the automotive active bonnet market research report:

  • Which are the leading market players active in the automotive active bonnet market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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