2014-01-21 13:10:01 - Global and China Automotive Safety System Industry Report, 2012-2013 - a new market research report on companiesandmarkets.com
The poor performance of both EU and Chinese auto markets in 2012 dragged down the growth rate of global automotive industry. Automotive safety system market size in that year was approximately $22.365 billion, a slight increase of 1.2% over 2011.
In 2013, automobile markets of China and the United States have done a superb job, thus offsetting the worse performance of the EU market, it is expected that the automotive safety system market in 2013 shows 3.3% growth. Meanwhile, as a large number of active automotive safety system products have come into use, the market size will be expanded to $25.628 billion in 2015.
Currently, active automotive safety system mainly refers to the night vision system, which has been added to
the top BMW products as early as 2005. For now, the night vision system is moving from luxury cars to mid-range car market. Major Manufacturers include Autoliv, Visteon, Hella, Astyx and Tyco Electronics.
Global automotive safety system industry saw no big change in 2012, the only big event was the massive recall of cars equipped with Takata airbags. Toyota, Honda, Nissan and Mazda announced the recall of 3.4 million cars worldwide due to the airbag issue; BMW Group also announced the global recall of 220,000 vehicles because of similar problems. The chief culprit was the airbag supplied by Takata, which therefore paid the cost of 30 billion yen, equivalent to its two-year operating income. However, this recall hasn´t caused a severe blow to Takata, and customers haven´t cancelled orders. In the second quarter of 2013, Takata reached revenue of 130.3 billion yen (up 27% YoY), and operating income of 6.245 billion yen (up 49.2% YoY).
Local manufacturers in China showed poor results. For instance, East Joy Long in 2012 witnessed declines of about 28% in revenue and more than 60% in net income, compared to 2011.
Click for report details: www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..
Browse all Automotive and Parts Market Research Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Market-R ..
Browse all Automotive and Parts Company Profile Reports www.companiesandmarkets.com/Market/Automotive-and-Parts/Company- ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.