In a pivotal moment for India's automotive landscape, the 'Indian Passenger Car Passive and Active Safety Growth Opportunities' report has emerged, shedding light on the transformative journey of safety standards in the country. Published by Research and Markets, the report forecasts extending until 2030 predict a significant paradigm shift, with factors like urbanisation, consumer demand for connectivity, the electric vehicle surge, and an emphasis on road safety driving this evolution.
As congestion and urban living escalate, the demand for safer cars is becoming more pronounced. The Indian government's commitment to reducing road fatalities has manifested in initiatives like the Bharat New Car Assessment Programme (BNCAP). This push aligns with original equipment manufacturers' (OEMs) strategies, compelling them to incorporate lifesaving passive and active safety systems as standard features.
The comprehensive report navigates through the strategies of key OEMs, dissecting their approach to emerging safety standards. Key applications under scrutiny include airbags, seatbelts, seatbelt reminder (SBR) systems, speed warning systems (SWS), anti-lock braking systems (ABS), electronic stability programs (ESP), and electronic brakeforce distribution (EBD) systems.
As the industry stands at this crucial juncture, understanding the dynamics of this evolving market becomes paramount. The report serves as a guide, providing insights into growth opportunities and potential challenges, inviting industry participants to harness these changes effectively. In the pursuit of safer journeys, India's passenger car segment is poised for a revolutionary transformation.
Moreover, the growth opportunity universe is illuminated within the report, emphasising stringent occupant testing norms, advanced safety features, and the regulatory push. These factors form a constellation of opportunities for stakeholders, setting the stage for a future where safety takes centre stage in India's passenger car market, the report added.