The passive safety market is experiencing a surge in both volume and price, with the market size approaching 200 billion yuan.

With the advancement of automotive safety regulations and rating standards, as well as the development of intelligent and lightweight technologies, passive safety products are undergoing a profound transformation. The average selling price (ASP) per vehicle currently ranges from 1,000 to 3,000 yuan, signaling a surge in both volume and price in the passive safety market. It is projected that the domestic and global passive safety markets will reach 42 billion yuan and 190 billion yuan respectively, demonstrating a steady upward trend.