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Research and Markets: Indian Passenger Vehicle Safety Systems Markets
Friday June 5, 03:26 AM
Research and Markets (http://www.researchandmarkets.com/research/6ed772/indian_passenger_v)
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.
For more information visit http://www.researchandmarkets.com/research/6ed772/indian_passenger_v.
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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