Active Seat Belt System Market by Component (Retractors, Pretensioners, and Buckle Lifters), and by Application (Passenger Cars and Commercial Vehicles) – Global Opportunity Analysis and Industry Forecast, 2024 – 2030
Industry: Automotive & Transportation | Publish Date: 04-Jun-2024 | No of Pages: 182 | No. of Tables: 134 | No. of Figures: 99 | Format: PDF | Report Code : N/A
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Active Seat Belt System Market Overview
The global Active Seat Belt System Market size is estimated to be USD 10.49 billion in 2021 and is predicted to reach USD 20.73 billion by 2030 with a CAGR of 8.0% from 2022-2030.
Seat Belt is a safety system which is used in vehicles to ensure the safety of the occupants normally and in emergencies. The effectiveness of the seat belt systems is enhanced by the airbags as the seat belts ensure the correct position and airbags ensure effective safety. Active seat belt systems are similar to normal seat belts but consist of advanced technology to automatically detect threats such as collisions, accidents and tighten the seat belts for better safety of occupants.
Market Dynamics and Trends
There is a constant increase in the safety features of the vehicles and increase in the road accidents has increased the demand for active seat belt systems over the period of time. Furthermore, technological advancement coupled with the increased adoption of advanced technology has fueled the growth of active seat belt system market over the forecast period.
Other factors such as stringent regulatory norms for the safety and increased adoption of the premium vehicles are expected to drive the growth of the active seat belt system market. However, the high costs of these systems are expected to affect the growth of the global market. On the other hand, the increased use of sensors and constant development in the existing technology is expected to create ample opportunities in the market over the forecast period.
Market Segmentations and Scope of the Study
The global active seat belt system market report is analyzed based on component, application, and geography. Based on component, the market is divided into Retractors, Pretensioners, and Buckle Lifters. On the basis of application, the market is segmented into Passenger Cars and Commercial Vehicles Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
North America denotes a higher adoption of the active seat belt system and is anticipated to hold the highest market share during the forecast period. This is attributable to factors including increased adoption of advanced technology coupled with the increased use of premium vehicles and stringent regulatory policies regarding safety.
It is expected that the emerging economies, specifically in the Asia-Pacific region would witness increasing market size owing to increasing accessibility to advanced technology and increased awareness regarding consumer safety and constant development in the existing technology.
Competitive Landscape
The active seat belt system industry is competitive and fragmented and also consists of a various market players. Some of the major market players include, Continental AG, Hyundai Mobis, Takata Corporation, Iron Force Industrial, ITW Automotive Products GmbH, Special Devices Inc., Key Safety Systems, Autoliv Inc., Far Europe Inc., Robert Bosch GmbH, Denso Corporation, Tokai Rika, and ZF TRW among others.
Over the period of time there has been various developments taking place in the active seat belt system market which are promoting the growth of active seat belt systems market. For instance, in March 2019, ZF Friedrichshafen AG is researching on the seat belt and airbags that will be integrated in the seat itself and create a kind of safety cell in the car that moves with the occupants sitting in unconventional positions.
Key Benefits
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The active seat belt system market report provides a quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep-dive analysis of the active seat belt system market including the current and future trends for depicting the prevalent investment pockets in the market.
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The information related to key drivers, restraints, and opportunities and their impact on the market is provided in the report.
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The competitive analysis of the market players along with their market share in the global market.
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The SWOT analysis and Porter's Five Forces model are elaborated in the study.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.
Active Seat Belt System Market Key Segments
By Component
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Retractors
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Pretensioners
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Buckle Lifters
By Application
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Passenger Cars
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Commercial Vehicles
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Italy
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Spain
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Russia
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Rest of Europe
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Asia- Pacific
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China
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Japan
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India
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South Korea
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Australia
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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REPORT SCOPE AND SEGMENTATION:
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Parameters |
Details |
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Analysis Period |
2021–2030 |
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Base Year Considered |
2022 |
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Forecast Period |
2022–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Component (Retractors, Pretensioners, and Buckle Lifters), by Application (Passenger Cars and Commercial Vehicles) |
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
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Companies Profiled |
Autoliv INC, Continental AG, Denso Corporation, Hyundai Mobis Co., Ltd, Ningbo Joyson Electronics Corporation, Tokai Rika Co., Ltd, Toyoda Gosei Co, ZF Friedrichshafen AG, Robert Bosch GmbH, ITW Automotive Products GmbH |
Key Players
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Autoliv INC
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Continental AG
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Denso Corporation
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Hyundai Mobis Co., Ltd
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Ningbo Joyson Electronics Corporation
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Tokai Rika Co., Ltd
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Toyoda Gosei Co
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ZF Friedrichshafen AG
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Robert Bosch GmbH
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ITW Automotive Products GmbH
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