Research and Markets: Indian Passenger Vehicle Safety Systems Markets

DUBLIN--Research and Markets has announced the addition of Frost & Sullivan's new report "Indian Passenger Vehicle Safety Systems Markets" to their offering.

Safety Features in Entry-level Passenger Vehicles Initiate Transition in the Indian Passenger Vehicle Safety Systems Markets.

Although penetration rates in the Indian passenger vehicle safety systems market are low at present, prospects will receive a significant boost in the future. The active safety systems segment is expected to outpace the growth of the passive safety systems. The government's directive mandating the use of seatbelts has been primarily responsible for triggering growth in the passive safety systems segment. Seatbelts comprised 76.9 percent of the total passive safety systems market. Though the pace of transition has been modest, the outlook is promising with the introduction of anti-lock braking systems (ABS) in low-end cars. Until now, ABS is featured only in high-end vehicles. Advanced safety features remain confined to the luxury vehicle segment. Apart from ABS, electronic brakeforce distribution (EBD) and brake assist system (BAS) are seeing widespread adoption in the market. Traction control systems (TCS) and electronic stability control (ESC) too are restricted to high-end vehicles at present.

As awareness on safety rises among users, vehicle manufacturers are using these features as differentiators to market their low-end vehicles. Cost implications play a critical role in the choice of a particular model, particularly in the market for entry-level cars and utility vehicles. "Increasing availability of models in the market provides customers with innumerable choices of comparable nature," notes the analyst of this research service. "This has translated into the need for marketing competitive products, and vehicle manufacturers are efficiently reducing cost as well as providing customers more value for money by introducing features that were, until now, designed exclusively for high-end vehicles."

This Frost & Sullivan research service titled Indian Passenger Vehicle Safety Systems Markets provides an insight into the active and passive safety systems markets in India and estimates the future growth of each of these segments. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: active safety systems, which includes anti-lock braking systems, electronic brakeforce distribution, traction control system, electronic stability control, brake assist system, and seat belt warning, and passive safety systems such as seat belts, seat belt pretensioners, load limiters, collapsible steering column, driver and co-passenger airbags, and side and curtain airbags.