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Research and Markets: South Korean Active and Passive Safety Systems Gearing Up for a Spate of Product Launches
Thursday May 28, 11:00 AM
Research and Markets (http://www.researchandmarkets.com/research/c51b4a/south_korean_activ)
has announced the addition of Frost & Sullivan's new report "South
Korean Active and Passive Safety Systems Market" to their offering.
This study covers in details the Korean market for active and passive
safety systems. The study deals with Market Drivers, Restraints,
Challenges for different products in active and passive systems market.
Market Breakdown, Unit shipments, revenue forecasts for different active
and passive systems are dealt in detail in this study. Profiles of
Vehicle Manufacturers and Safety system suppliers are also covered in
this study.
South Korean Safety Systems Market Gearing Up for a Spate of Product
Launches
South Korea is home to leading vehicle brands such as Hyundai, Kia,
Daewoo, and Ssangyong and is among the top six vehicle manufacturing
countries in the world. With a vehicle population of nearly 6.0 million
in 2006 and one of the highest rates of traffic accidents, South Korea
appears to be a happy hunting ground for active and passive safety
system companies. "Car owners in South Korea are becoming increasingly
aware of the importance of vehicle safety and recognizing the role of
safety systems in promoting an accident-free driving experience," says
the analyst of this research. "Although passive safety systems have
higher awareness and penetration than active safety systems, the latter
is expected to experience increased penetration as passenger car owners
as well as vehicle manufacturers (VMs) realize the importance of
accident prevention."
Meanwhile, the government's implementation of safety standards has
unlocked numerous prospects for safety system developers, with system
suppliers and original equipment manufacturers (OEMs) making haste to
cash in on the opportunities by launching a host of safety products. For
instance, field of view assistance systems such as adaptive front
lighting systems and night view systems are expected to be introduced in
South Korean vehicles by 2008-2009, while driver drowsiness warning
system and adaptive cruise control systems are likely to make their
market entry by 2011. "In 2008-2009, VMs are also expected to launch
pre-crash safety systems (intelligent airbag systems and intelligent
live by wire sash control systems) with pre-crash sensing technologies
that play a significant role both before and after the crash," notes the
analyst. "These systems integrate the features of both active and
passive safety systems."
Despite this impressive array of products, market participants will be
hard pressed to increase their penetration rates due to the high costs
of production. In South Korea, the core technology for safety systems
such as control system, sensors, and vision systems is mostly imported.
This hikes the development and production costs of vehicle safety
systems and restricts their adoption to the top-end consumer segment.
Seeing that the future of automotive safety lies in sensors, South
Korean safety system manufacturers will do well to focus their R&D
efforts on domestically developing accurate sensor technology. This will
ensure reduced production costs, which will translate to affordable
systems and wider market penetration
Key Topics Covered:
1 Executive Summary
2 Total Passenger Car Safety Systems Market
3 Passenger Car Active Safety Systems Market
4 Passenger Car Passive Systems Market
5 Key Company Profiles
6 Database Of Key Industry Participants
For more information visit http://www.researchandmarkets.com/research/c51b4a/south_korean_activ.
Contact:Research and MarketsLaura WoodSenior Managerpress@researchandmarkets.comFax
from USA: 646-607-1907Fax from rest of the world: +353-1-481-1716
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