Active Seat Belt System Market Overview 2023-2028
The global active seat belt system market size reached US$ 11.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.
An active seat belt system represents a safety device that is used in automobiles to link active and passive safety systems. It generally relies on a motor that retracts seat belt webbing in critical situations or before any accident and can be activated by utilizing data from active safety systems, such as brake assist systems and electronic stability control, in vehicles. An active seat belt system also uses data from environmental sensors, including radar, which measures the relative speed and distance between automobiles. It aids in enhancing the safety of the driver and passengers by removing the seat belt slack to minimize the forward movement of the body from the seat.
Active Seat Belt System Market Trends and Drivers:
The growing utilization of personal vehicles to cover distances between work, home, educational institutions, and shopping malls is primarily driving the active seat belt system market. Additionally, the expanding automotive industry is further catalyzing the market growth. Besides this, the escalating demand for 3-point seatbelts among individuals, as they reduce the impact of accidental injuries, and extensive investments in R&D activities to introduce inflatable seat belts for enhancing the safety of individuals are acting as significant growth-inducing factors. Moreover, key market players are also focusing on mergers and acquisitions (M&A) to expand their customer base, which is positively influencing the global market. Apart from this, the launch of favorable policies by government bodies to promote the usage of seat belts is also stimulating the market growth. Furthermore, continuous technological advancements in automobiles, such as gear locks and interlocks, seat belt reminders (SBRs), cheat devices, etc., are anticipated to fuel the active seat belt system market over the forecasted period.
Global Active Seat Belt System Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: Autoliv Inc, Continental AG, Denso Corporation, Far Europe Inc., GWR Safety System, Hyundai Mobis Co. Ltd, ITW Automotive Products GmbH, Ningbo Joyson Electronics Corporation, Tokai Rika Co. Ltd and ZF Friedrichshafen AG
The report has segmented the market on the basis of region, component, application and sales channel.
Breakup by Component:
• Retractors
• Pretensioners
• Buckle Lifters
Breakup by Application:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Breakup by Sales Channel:
• OEMs
• Aftermarket
Breakup by Region:
• North America
o United States
o Canada
• Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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