A vehicle's passive pedestrian safety system, the automotive active bonnet, lessens the impact of a collision on a pedestrian. It is intended to provide a space that absorbs stress between the engine and the bonnet, which in turn lessens the force that is actually applied when a pedestrian is bumped while the vehicle is in motion. Additionally, it lessens the impact damage on pedestrians' knees in collisions.
Global Automotive Active Bonnet Market Driving Factors and Challenges
The global automotive active bonnet market is growing as a result of the enormous expansion of the automotive industry and the rising demand for luxury and comfort features in automobiles. The continued selling of autos worldwide foresaw the market's expansion. The primary factors projected to drive the market during the forecast period are the growing concern about vehicle safety and the tight laws and regulations of several governments around the world to decrease road accidents. In order to provide their consumers vehicles that are more comfortable and safe, several automakers are devoting a significant portion of their revenue to research and development. During the projection period, the automotive active bonnet market will be driven by the adoption of new technologies in the automotive sector, such as anti-theft systems and active bonnet systems for the progress of automobiles.
The automotive active bonnet market is being driven by the strict government regulations and rising vehicle standards to lower the number of fatalities brought on by accidents. Additionally, the industry is being driven by an increase in vehicle production and the use of automotive active bonnets in cars. The market is also being driven by technical advancements in active bonnets for automobiles. The market for automotive active bonnets has also increased due to consumers' growing awareness of vehicle safety.
However there several challenges that limit the expansion of automotive active bonnet market. The market is being restricted by the active bonnet's low-speed effectiveness and inaccuracy. Active bonnets have high maintenance expenses, and the public is unaware of their advantages, which restricts the market's growth. The low rate of new technology adoption in developing nations is a substantial barrier to market expansion. The COVID-19 pandemic's negative economic consequences on the world generate problems for OEMs in the automobile sector in addition to harming the sector's overall supply chain.
Impact of COVID-19 on Global Automotive Active Bonnet Market
On the market for Automotive Active Bonnets, the Covid-19 epidemic had a huge effect. Production, the supply chain, and customer demand all suffered in the automotive sector. The demand for active bonnets was impacted by the global fall in vehicle sales brought on by the lockdown procedures and economic uncertainties. However, the market is anticipated to pick up steam as things stabilise and the car industry bounces back, propelled by a growing emphasis on safety and the restart of production.
Automotive Active Bonnet Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alfa Romeo, Audi, BMW AG, BUICK, Daimler AG, General Motors, Jaguar Land Rover Ltd., Kia Motors Corporation, Mazda Motor Corporation, Mercedes-Benz, Renault, Suzuki, Tesla, Inc., Toray Industries, Volkswagen AG, Volvo Car Corp., Others.
Global Automotive Active Bonnet Market Segmentation:
By Vehicle Type: Based on the Vehicle Type, Global Automotive Active Bonnet Market is segmented as; Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicle.
By Component: Based on the Component, Global Automotive Active Bonnet Market is segmented as; Active Hinge Systems, Bumper Sensors, Electronic Control Unit (ECU), Other.
By Material: Based on the Material, Global Automotive Active Bonnet Market is segmented as; Aluminum, Steel, Others.
By Sales Channel: Based on the Sales Channel, Global Automotive Active Bonnet Market is segmented as; Aftermarket, OEM.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.