The active seat belt system is a safety system majorly used in vehicles to reduce the lives lost & injuries and ensures the safety of drivers and other occupants. The active seat belt technology uses braking and stability control sensor information to sense a potential accident. It further decreases the possibility of the occupants being thrown out of the vehicle. Moreover, the combined effect of the seatbelt with the airbags provides the occupant with added safety and guards from further potential injury.
At present, governments worldwide are increasingly focusing on implementing regulations that demand the development and incorporation of safety systems integrated with sensor systems and cameras in automobiles to improve the overall safety of vehicles & passengers. In India, according to Bharat New Vehicle Safety Assessment Program (BNVSAP) program, from April 2021, front passenger airbags have become mandatory for every vehicle sold in India, driver and co-driver seat belt alarms must be active till the seats are occupied, and speed warning systems are activated at two levels; at the vehicle exceeding the speed of 80km/hr and 120km/hr. Thus, increasing automotive safety norms, a rise in consumer awareness towards automotive safety, and high demand for luxury vehicles foster the active seat belt system market in the forecast period.
Factors such as increased consumer awareness towards automotive safety, rise in automotive safety norms, and high demand for luxury vehicles foster the growth of the active seat belt system market. However, the high cost of active seat belts hinders the global development of the active seat belt system market. Furthermore, biosensors as an input source for future active seat belt systems and a rise in passenger vehicle registration are the significant factors anticipated to provide a remarkable growth opportunity for the players operating in the market.
The active seat belt system market is segmented based on component, application, and region. By component, the market is categorized into retractors, pretensioners, and buckle lifters. By application, the market is bifurcated into passenger cars and commercial vehicles. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Autoliv Inc., Continental AG, DENSO Corporation, Far Europe Inc., GWR Safety Systems, Hyundai Mobis, ITW Safety, JOYSON, TOKAIRIKA, CO, LTD., and ZF Friedrichshafen AG.
At present, governments worldwide are increasingly focusing on implementing regulations that demand the development and incorporation of safety systems integrated with sensor systems and cameras in automobiles to improve the overall safety of vehicles & passengers. In India, according to Bharat New Vehicle Safety Assessment Program (BNVSAP) program, from April 2021, front passenger airbags have become mandatory for every vehicle sold in India, driver and co-driver seat belt alarms must be active till the seats are occupied, and speed warning systems are activated at two levels; at the vehicle exceeding the speed of 80km/hr and 120km/hr. Thus, increasing automotive safety norms, a rise in consumer awareness towards automotive safety, and high demand for luxury vehicles foster the active seat belt system market in the forecast period.
Factors such as increased consumer awareness towards automotive safety, rise in automotive safety norms, and high demand for luxury vehicles foster the growth of the active seat belt system market. However, the high cost of active seat belts hinders the global development of the active seat belt system market. Furthermore, biosensors as an input source for future active seat belt systems and a rise in passenger vehicle registration are the significant factors anticipated to provide a remarkable growth opportunity for the players operating in the market.
The active seat belt system market is segmented based on component, application, and region. By component, the market is categorized into retractors, pretensioners, and buckle lifters. By application, the market is bifurcated into passenger cars and commercial vehicles. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Autoliv Inc., Continental AG, DENSO Corporation, Far Europe Inc., GWR Safety Systems, Hyundai Mobis, ITW Safety, JOYSON, TOKAIRIKA, CO, LTD., and ZF Friedrichshafen AG.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the global active seat belt system market with current trends and future estimations to depict the imminent investment pockets.
- The overall market potential is determined to understand the profitable trends to gain a stronger coverage in the market.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market is quantitatively analyzed from 2021 to 2030 to highlight the financial competency of the market.
- Porter’s Five Forces analysis illustrates the potency of the buyers and suppliers.
Key Market Segments
By Component
- Retractors
- Pretensioners
- Buckle Lifters
By Application
- Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By Sales Channel
- Oem
- Aftermarket
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Spain
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Autoliv Inc.
- continental ag
- DENSO CORPORATION
- Far Europe Inc.
- GWR Safety Systems
- Hyundai Mobis Co Ltd
- itw safety components mexico
- joyson group
- TOKAIRIKA, CO, LTD
- ZF Friedrichshafen AG
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ACTIVE SEAT BELT SYSTEM MARKET, BY COMPONENT
CHAPTER 5: ACTIVE SEAT BELT SYSTEM MARKET, BY APPLICATION
CHAPTER 6: ACTIVE SEAT BELT SYSTEM MARKET, BY SALES CHANNEL
CHAPTER 7: ACTIVE SEAT BELT SYSTEM MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Active Seat Belt System Market,' the active seat belt system market was valued at $11.9 billion in 2020, and is estimated to reach $22.3 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.The active seat belt system utilizes a motor that retracts seat belt webbing in critical situations before a crash occurs. It can be triggered by environmental sensors, such as radar, which provides the relative speed and distance to the vehicles ahead. The active seat belts technology uses braking and stability control sensor information to sense a potential accident. It reacts by securing the driver and passenger seat belts by removing seat belt slack so the occupant's position on the seat is improved in advance of an impending crash. In addition, it reduces some of the seat belt slack in dynamic driving situations and fatality by 45%.
The combined effect of the seatbelt with the airbags provides the occupant with an added sense of safety and guards from further potential injury. Furthermore, it decreases the possibility of the occupants being thrown out of the vehicle. The increasing adoption of the latest technologies in passenger vehicles is the primary factor that is anticipated to boost the active seat belt system market during the forecast period. For instance, in December 2019, DENSO Corporation entered into a partnership with PiNTeam Holding GmbH, a German company highly evaluated for its in-vehicle embedded software technology, to develop essential software for providing the basic functions required to operate electronic control units (ECUs).Moreover, the significant purpose of a seat belt is to ensure the accurate position of passengers for maximum efficiency of airbags. Hence, in 2021, Autoliv Inc. collaborated with global steel company SSAB to produce the world’s first fossil-free steel components for automotive safety products, such as airbags and seatbelts.
Factors such as increased consumer awareness towards automotive safety, rise in automotive safety norms, and high demand for luxury vehicles foster the growth of the global active seat belt system market. However, the high cost of active seat belts hinders the global development of the active seat belt system market. Furthermore, biosensors as an input source for future active seat belt systems and a rise in passenger vehicle registration are the significant factors anticipated to provide a remarkable growth opportunity for the players operating in the market.
Key findings of the Study
- The passenger car segmentleads the market in terms of growth rate.
- By component, the buckle lifters segment leads the market in terms of growth rate.
- By region, LAMEA is projected to lead the market in terms of growth rate.
COVID-19 Impact Analysis
- The COVID-19 pandemic has hit the business world with unprecedented scale and speed.
- It has caused the closures of businesses, factory outputs, and disruption to global manufacturing industries & their supply networks.
- The government authorities worldwide have taken strong measures to stop the spread of this new disease, such as national-wide lockdown and isolation of people at high-risk areas due to the high infectivity and destructiveness of COVID-19 suddenness of its outbreak.
The majority of the manufacturing plants are shut down, municipalities are functioning slowly compared to the past, and the automotive and semiconductor industries are at a halt, negatively impacting the market.
The reduced production of automotive components due to the temporary shutdown of manufacturing plants is expected to negatively impact the growth of the market.
The key players profiled in the active seat belt system industry report include Autoliv Inc., Continental AG, DENSO Corporation, Far Europe Inc., GWR Safety Systems, Hyundai Mobis, ITW Safety, JOYSON, TOKAIRIKA, CO, LTD., and ZF Friedrichshafen AG.
Companies Mentioned
- Autoliv Inc.
- continental ag
- DENSO CORPORATION
- Far Europe Inc.
- GWR Safety Systems
- Hyundai Mobis Co Ltd
- itw safety components mexico
- joyson group
- TOKAIRIKA, CO, LTD
- ZF Friedrichshafen AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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