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Growth Drivers

Autoliv’s newly defined market of $39 billion, including Brake Control Systems is expected to grow with a CAGR of around 6% until 2019, assuming an underlying LVP CAGR of 2%.
 
Our market - the global occupant restraint market - is primarily driven by two factors:
1. Light vehicle production (LVP); 
2. Safety content per vehicle (CPV). 

 
Light Vehicle Production 
From 2016 to 2019, LVP is expected to increase with an average rate of around 2%, according to IHS. The LVP growth is pre-dominantly expected to come from an annual average growth of around 3.5% in the Growth Markets, where it takes almost two vehicles to equal the same resulting sales as from one vehicle in the Developed Markets.
 
 
 
1) Developed Markets (Western Europe, Japan, North America).
2) Growth Markets (Eastern Europe, China, Rest of Asia, South America, Middle East/Africa).
 
 
Market by Region 
The growth rate of our addressable market is expected to be relatively similar in Developed Markets as in the Growth Markets in 2016-19, as the Growth markets are supported by a higher LPV growth while the Developed Markets are supported by increasing CPV resulting from higher penetration of active safety products.
 
 

2) Company estimates. Includes seatbelts, airbags, steering wheels, radars, night vision, front view mono and stereo vision cameras, ADAS ECU’s, airbag control modules and remote sensing units.
3) Growth Markets (Eastern Europe, China, Rest of Asia, South America, Middle East/Africa). 
 
 
Market by Segments
The market for electronics (active safety and passive safety electronics) is expected to grow by a CAGR of around
15-20% between 2016 and 2019, with the highest growth rate for active safety products.
 
The passive safety market (seat belts and airbags including steering wheels), is expected to grow at a CAGR of 4% until 2019 with the highest growth rate expected in steering wheels (where Autoliv has more than 30% global market share) as a result of the trend toward higher-value steering wheels with leather and additional features. 
 
 
 

2) Company estimates. Includes seatbelts, airbags, steering wheels, radars, night vision, front view mono and stereo vision cameras,
ADAS ECU’s, airbag control modules and remote sensing units.