The global active seat belt system market size reached US$ 11.9 Billion in 2023. Looking forward, the market is projected to reach US$ 19.0 Billion by 2032, exhibiting a growth rate (CAGR) of 5.34% during 2023-2032.
An active seat belt system is a safety device used in automobiles to link active and passive safety systems. It relies on a motor that retracts seat belt webbing in critical situations or before any accident. It can be activated using data from active safety systems, such as the electronic stability control and brake assist systems, in vehicles. It also utilizes data from environmental sensors, such as radar, which measure the relative speed and distance between the vehicles. It assists in improving the safety of the driver and passengers by removing the seat belt slack to reduce the forward movement of the body from the seat.
Moreover, the rising awareness among the masses about the benefits of using seat belts is offering lucrative growth opportunities to industry investors. Apart from this, key market players are financing research and development (R&D) activities to introduce inflatable seat belts for enhancing the safety of people. They are also focusing on mergers and acquisitions (M&A) to expand their customer base. Additionally, the increasing demand for 3-point seatbelts among the masses as they reduce the impact of accidental injuries is bolstering the growth of the market.
2. What is the expected growth rate of the global active seat belt system market during 2024-2032?
3. What are the key factors driving the global active seat belt system market?
4. What has been the impact of COVID-19 on the global active seat belt system market?
5. What is the breakup of the global active seat belt system market based on the component?
6. What is the breakup of the global active seat belt system market based on the application?
7. What is the breakup of the global active seat belt system market based on the sales channel?
8. What are the key regions in the global active seat belt system market?
9. Who are the key players/companies in the global active seat belt system market?
An active seat belt system is a safety device used in automobiles to link active and passive safety systems. It relies on a motor that retracts seat belt webbing in critical situations or before any accident. It can be activated using data from active safety systems, such as the electronic stability control and brake assist systems, in vehicles. It also utilizes data from environmental sensors, such as radar, which measure the relative speed and distance between the vehicles. It assists in improving the safety of the driver and passengers by removing the seat belt slack to reduce the forward movement of the body from the seat.
Active Seat Belt System Market Trends
At present, there is a rise in the utilization of personal vehicles to cover distances between home, work, educational institutions, and shopping malls across the globe. This, along with the burgeoning automobile industry, represents one of the key factors driving the market. Besides this, technological advancements in automobiles, such as seat belt reminders (SBRs), gear locks and interlocks, and cheat devices, are contributing to the growth of the market. In addition, stringent regulations implemented by governments of several countries to promote the usage of seat belts are positively influencing the market.Moreover, the rising awareness among the masses about the benefits of using seat belts is offering lucrative growth opportunities to industry investors. Apart from this, key market players are financing research and development (R&D) activities to introduce inflatable seat belts for enhancing the safety of people. They are also focusing on mergers and acquisitions (M&A) to expand their customer base. Additionally, the increasing demand for 3-point seatbelts among the masses as they reduce the impact of accidental injuries is bolstering the growth of the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global active seat belt system market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on 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
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report
1. How big is the global active seat belt system market?2. What is the expected growth rate of the global active seat belt system market during 2024-2032?
3. What are the key factors driving the global active seat belt system market?
4. What has been the impact of COVID-19 on the global active seat belt system market?
5. What is the breakup of the global active seat belt system market based on the component?
6. What is the breakup of the global active seat belt system market based on the application?
7. What is the breakup of the global active seat belt system market based on the sales channel?
8. What are the key regions in the global active seat belt system market?
9. Who are the key players/companies in the global active seat belt system market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Active Seat Belt System Market
6 Market Breakup by Component
7 Market Breakup by Application
8 Market Breakup by Sales Channel
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
- ZF Friedrichshafen AG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 11.9 Billion |
| Forecasted Market Value ( USD | $ 19 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
