Global Automotive Active Bonnet Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 6.36 % from 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Global Automotive Active Bonnet Market: Market Overview
The automotive active bonnet in a vehicle is a passive pedestrian protection system that reduces the impact of pedestrian in case of collision. It is designed to create a shock-absorbing space between the engine and the bonnet, which in turn reduces the effective force as a pedestrian bumps during vehicle running. It also reduces the damage to the pedestrians’ knees in case of collision.
Global Automotive Active Bonnet Market: Market Dynamics
A significant growth of automotive industry fuel the growth of the market and rise in demand for comfort and luxury measures in vehicles are the major factors that drive the growth of the global automotive active bonnet market. Continued sales of vehicles across the world anticipated the growth of the market. Rising concern about vehicle safety and strict rules and regulation of several government across the globe to reduce road accident are the major factors anticipated to drive the market during the forecast period. Many automakers are investing a large part of their revenue in their research and development to provide more comfortable and safer vehicle to their customers. Adoption of new technology in automotive industry such as anti-theft systems, active bonnet system for the advancement of vehicles are the major factors which acts as drivers of the automotive active bonnet market during the forecast period.
The maintenance cost of active bonnet is high, and people are not aware about the advantages of the automotive active bonnet which hinder the growth of the market. Low adoption of new technology in developing nations is another major factor which hampers the growth of the market. The impact of pandemic COVID-19 on world economy, also affect the automobile sector, also the disruption in the product supply chain create problems for OEMs in the industry.
Global Automotive Active Bonnet Market: Market Segmentation
The electronic control unit segment of component is dominating the automotive active bonnet market due to its advanced features like informing about speed control in case of pedestrian collision. Urbanization and globalization increases the demand of passenger vehicles, resulting into rise in the sales of passenger vehicle, so the passenger vehicle segment of vehicle type is subjected to the highest growth rate during the forecast period, the demand of light vehicle and heavy vehicle also increases. OEMs segment of sales channel is likely to dominate the automotive active bonnet market as many OEMs are focused on installation of safety systems in vehicles.
Global Automotive Active Bonnet Market: Regional Analysis
Asia Pacific region is the dominant region due to major sales of automotive. Increase in the number of automotive manufacturing industries, entry of foreign automaker in emerging nations such as India and China are driving the automotive active bonnet market during the forecast period. Rising awareness about safety and strict rules of regulating bodies to reduce accident in this region are also contributing to market growth. Besides, the high production of passenger vehicles in this region and rapid expansion of automotive industry in countries including South Korea, China and India is likely to drive the market. OEMs are planning to increase their production volume with adoption of advanced technology in this region.
The objective of the report is to present a comprehensive analysis of the Global Automotive Active Bonnet Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the Global Automotive Active Bonnet Market dynamics, structure by analysing the market segments and projects the Global Automotive Active Bonnet Market size. Clear representation of competitive analysis of key players by Sales Channel, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Active Bonnet Market make the report investor’s guide.
Scope of the Global Automotive Active Bonnet Market
Global Automotive Active Bonnet Market, by Component
• Active hinge systems
• Electronic Control Unit
• Bumper sensors
Global Automotive Active Bonnet Market, by Vehicle type
• Light Commercial Vehicle
• Heavy Commercial Vehicle
• Passenger Vehicle
Global Automotive Active Bonnet Market, by Sales Channel
Global Automotive Active Bonnet Market, by Region
• Asia Pacific
Rest of Asia
• North America
Rest of Europe
• South America
Rest of South America
• Middle East & Africa
Rest of MEA
Global Automotive Active Bonnet Market, Key Players
• Tesla, Inc.
• Alfa Romeo
• Volkswagen AG
• General Motors
• Mazda Motor Corporation
• BMW AG
• Daimler AG
• Volvo Car Corp.
• Jaguar Land Rover Ltd.
• Toray Industries
• Kia Motors Corporation
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