NEW
YORK, June 19, 2024 /PRNewswire/ -- The
global automotive active seat belt system market size is
estimated to grow by USD
1.94 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 6.03% during the
forecast period. Increasing demand for luxury vehicles is driving
market growth, with a trend towards growing integration of advanced
features in automotive active seat belt systems. However,
uncertainty in automotive industry poses a challenge. Key market
players include Ashimori Industry Co. Ltd., Autoliv Inc.,
Continental AG, Daicel Corp., DENSO Corp., E. Oppermann Mech. Gurt und Bandweberei GmbH, GWR,
Hesham Industrial Solutions, Hyundai Motor Group, Infineon
Technologies AG, ITW Automotive Products GmbH, Joyson Safety
Systems Aschaffenburg GmbH, KSS Abhishek Safety Systems Pvt. Ltd.,
MG Seating Systems Pvt. Ltd., Motorlamp Auto Electrical Pvt. Ltd.,
Robert Bosch GmbH, Seatbelt Solutions LLC, Tokai Rika Co. Ltd.,
Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF
Friedrichshafen AG.
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Automotive Active Seat Belt System Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.03%
|
Market growth
2024-2028
|
USD 1947.5
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.59
|
Regional
analysis
|
APAC, Europe, North
America, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
69%
|
Key
countries
|
China, US, Germany,
Japan, and UK
|
Key companies
profiled
|
Ashimori Industry Co.
Ltd., Autoliv Inc., Continental AG, Daicel Corp., DENSO Corp., E.
Oppermann Mech. Gurt und Bandweberei GmbH, GWR, Hesham Industrial
Solutions, Hyundai Motor Group, Infineon Technologies AG, ITW
Automotive Products GmbH, Joyson Safety Systems Aschaffenburg GmbH,
KSS Abhishek Safety Systems Pvt. Ltd., MG Seating Systems Pvt.
Ltd., Motorlamp Auto Electrical Pvt. Ltd., Robert Bosch GmbH,
Seatbelt Solutions LLC, Tokai Rika Co. Ltd., Wenzhou Far Europe
Automobile Safety System Co. Ltd., and ZF Friedrichshafen
AG
|
Market Driver
The automotive active seat belt system market is experiencing
significant growth due to advancements in seat belt technology.
Bosch's integrated collision detection system, which activates seat
belts 25 milliseconds after impact using vehicle sensors, enhances
safety by increasing the sensitivity of crash algorithms.
Continental's active seat belts provide haptic warnings for
occupants in hazardous situations and function as required when
passengers are seated. These features improve occupant protection,
making the market for automotive active seat belt systems a
promising business opportunity.
The Automotive Active Seat Belt System market is experiencing
significant growth due to increasing demand for safety features in
vehicles. Technologies like adaptive, vehicle, and
height-adjustable seat belts are trending. These systems provide
enhanced protection by automatically tightening or retracting the
seat belt during a collision. Additionally, some systems offer
pre-tensioning and force-limiting capabilities to minimize
passenger injuries. Comfort is also a priority, with features like
climate control and massage functions becoming increasingly
popular. The market is driven by factors such as stringent safety
regulations and consumer preference for advanced safety features.
Companies are investing in research and development to bring
innovative solutions to the market.
Research report provides comprehensive data on
impact of trend. For more details- Download a Sample
Report
Market Challenges
- The Russia-Ukraine war has significantly disrupted the
global automotive industry, including the active seat belt system
market. Raw material costs have risen due to the conflict, and the
unavailability of parts from Russia and Ukraine has caused production halts for major
manufacturers like Volkswagen, Skoda, and BMW. Energy prices
have increased, and the scarcity of semiconductors has further
hampered vehicle production. These disruptions have negatively
impacted the automotive industry's growth during the forecast
period.
- The Automotive Active Seat Belt System market faces several
challenges. These include the complexity of the technology
involved, such as sensors and control units. The cost of
manufacturing these systems is also a significant challenge.
Additionally, ensuring compatibility with various vehicle models
and making them user-friendly are ongoing concerns. Furthermore,
stringent safety regulations require continual innovation and
improvement. Lastly, the integration of these systems with other
vehicle technologies, like autonomous driving, adds to the
complexity and cost. Addressing these challenges will be crucial
for the growth and success of the Automotive Active Seat Belt
System market.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This automotive active seat belt system market report
extensively covers market segmentation by
- Application
- 1.1 Passenger cars
- 1.2 Light commercial vehicles
- 1.3 Heavy commercial vehicles
- Type
- 2.1 Three-point
- 2.2 Two-point
- 2.3 Four-point and above
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Passenger cars- The global automotive active seat
belt system market is anticipated to expand due to the rising
demand for passenger cars. Urbanization and increasing disposable
income in emerging economies like Brazil, India, China,
South Africa, UAE, Qatar, and Saudi
Arabia are key factors driving this trend. High-performance
vehicles are popular in North
America and Europe, while
economic growth in APAC countries, such as China and India, is increasing consumer purchasing power
and sales of high-performance and luxury vehicles. This growth in
automobile production will continue to fuel the demand for
automotive components, including active seat belt systems, during
the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Automotive Active Seat Belt System Market is witnessing
significant growth due to the increasing prioritization of road
safety and the risk of injuries and fatalities. New vehicle
production and aftermarket sales are key drivers for this market,
as safety standards continue to evolve with urbanization and fleet
expansion. Advanced technology, such as active seat belts and
pretensioners, are becoming increasingly important for mitigating
specific movements during collisions. Traditional seat belts remain
a staple, but active systems offer enhanced protection and safety
precautions. Radar technology and other features, such as seat belt
reminders, gear locks, interlocks, and cheat devices, are also
contributing to the market's expansion. Overall, the automotive
industry is focusing on improving vehicle safety through the
integration of advanced technology into seat belt systems.
Market Research Overview
The Automotive Active Seat Belt System market refers to the
production and supply of seat belt systems that can detect
collisions and automatically tighten to protect passengers. These
systems utilize sensors and electronic components to assess the
severity of a crash and respond accordingly. The technology
enhances safety by providing better restraint during accidents,
reducing injuries and fatalities. The market is driven by
increasing consumer demand for advanced safety features, stringent
regulations, and technological advancements. The systems are
integrated into various vehicle models, including sedans, SUVs, and
commercial vehicles. The market is expected to grow significantly
due to the increasing number of vehicle productions and the
continuous development of innovative safety technologies.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Type
-
- Three-point
- Two-point
- Four-point And Above
- Geography
-
- APAC
- Europe
- North America
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio