(MENAFN- Comserve)
Shibuya-ku, Tokyo, Japan, Japan, Jun 23, 2022, 10:34 /Comserve / -- Active Seat Belt System Market Recent Activities, Key Growth Opportunities, and Trends 2022-2031
The global active seat belt system market forecast will be $29,100.0 million by 2026, increasing from $20,645.1 million in 2018.
Automotive Seat Belts Market Analysis:
Active seat belt is significantly used for the purpose of safety in vehicles for reducing the incidents death and severe injuries. Active seat belts are highly advanced with integrated features such as collision detection coupled with road safety precautions. Moreover, technological developments can also have a positive impact on active seat belt market system. Euro NCAP (New Car Assessment Program) are more focusing on to develop active seat belts and improve the effectiveness of seat belts.
Access Free PDF With Graphs and Charts :
Rising awareness of automotive consumer on safety along with growth in accident incidence are supposedly to surge the global active seat belt system market. For instance, according to World Health Organization (WHO) information, 1.2 million people died owing to car crashes coupled with 50 million people are injured during incidents of car accidents. Moreover, the growth in automotive safety laws along with newest advancements in active seat belt system is also projected to boost the market growth during the forecasted period. Additionally, huge demand for premium and luxury cars in developed as well as developing economies helps to compel the global market.
However, high cost of active seat belt systems such as retractors can obstruct Active seat belt system market growth. In addition, recent developments in air bags of vehicles, may hamper the active seat belt system industry.
Recent advanced technology such as gearlocks & interlocks into active seatbelt are anticipated to fuel the of seat belt system market growth. Interlock is connected to front seats so that the vehicle's engine will not start unless front seat passengers had their seat belt. Moreover, active seat belt system market trends such as effectiveness of (SBR) Seat Belt remainder and cheat devices, projected to create lucrative opportunities for the automotive active seat belt system market.
Download PDF Sample For More Information :
Pre-tensioner component segment is expected to register revenue of $8,670.9 million in 2018 and is, projected to generate revenue of $11,785.5 million by 2026. Owing to pre-tensioner segment is offers integrated performance along with it is a more reliable over other components.
Active seat belt system market for retractors is anticipated to register revenue upto $4,541.9 million in 2018 and is, expected to generate revenue of $6,780.3 million over the forecasted period. Retractor will significant growth owing to innovations in active retractors which improves the safety of vehicle occupants at life threatening accident situations.
Based on the application, active seat belt system market, is fragmented into passenger vehicles and commercial vehicles. Segment of Passenger vehicle generated revenue of $15,218.8 million in 2018, and is further expected to register revenue upto $21,097.5 million throughout the forecasted period. Passenger cars for seat belt system will boost the market owing to growing automotive adoption coupled with inventions of premium vehicle models. Growing population of developing and developed economies, consistently Growing GDP and thus rise in spending power of automotive clients these key elements also anticipated for the global market growth. Commercial vehicles segment reached upto $5,426.3 million by the end of 2018, and is further estimated to register revenue of $8,002.5 million throughout the forecasted period.
North America's active seat belt system market expected to register revenue of $3,761.2 million by the end of year 2018, and is further anticipated to generate revenue of $5,767.1 million by the end of 2026. Countries of North America region have the major manufacturer of automobile sector which is projected to have a significant impact on active seatbelt system market. In addition, in North America region, there are many premium automotive manufacturers like General Motors, Daimler and Ford Motor Company, are investing heavily in R&D activities for the integrated improvements of automotive sector which is anticipated to spur the growth of active seat belt system market.
Request For Full Report:
Asia-Pacific's active seat belt system market size expected to generate revenue of $15,059.9 million throughout the forecasted period. Asia Pacific is one of the significant market for active seatbelts system owing to largest automobile manufacturing sector in economies such as China, India and Japan.
Some of the significant automobile manufacturers of active seat belt system include Continental Corporation, Takata Corporation Far Europe Holding Limited, Hyundai Mobis Co Ltd;, Ningbo Joyson Electronics Corp. (Key Safety Systems, inc.), Denso Corporation, Tokai Rika Co., Ltd., Zf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.) an Autoliv, Inc., To gain competitive advantage these companies investing heavily in R&D for devolving highly advanced active seat belt systems for the safety purpose of vehicle occupants. To more emphasize about competitor analysis among the global competitors porter's five force model is described in this report.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
MENAFN23062022004694010674ID1104422399
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.