The Active Seat Belt System Market was valued at USD 11.51 billion in 2019 and is projected to reach USD 20.74 billion by 2030, expanding at a CAGR of 5.5% during the forecast period, from 2020 to 2030.
A seat belt is a safety system employed in vehicles to ensure the safety of the occupants, especially during emergency situations. Active seat belt systems are fitted with reversible seat belt retractor, which is activated before a crash. These systems are akin to normal seat belts. However, they come with advanced technologies that are capable of automatically detecting threats such as collisions and tightens the seat belt to provide improve safety to the occupants.
Market Dynamics and Trends
Increasing need for advanced safety features inside vehicles due to the rising number of road accidents have increased the demand for active seat belt systems. Also, technological advancements, implementation of stringent regulatory standards regarding road safety and increase in demand for premium vehicles with superior safety features are expected to drive the active seat belt system market. However, high costs of these systems are expected to hamper the market growth.
Market Segmentations and Scope of the Study:
The global active seat belt system market has been segmented on the basis of component, application, and geography. On the basis of component, the market is segmented into retractors, pretensioners, and buckle lifters. In terms of application, the market is bifurcated into passenger cars and commercial vehicles. Based on geography the global active seat belt system market is segregated into North America, Europe, Asia-Pacific, and Rest of the World (RoW).
North America dominates the global market due to high adoption of active seat belt systems, increasing adoption of premium vehicles, and implementation of stringent regulatory policies regarding road safety.
The market in Asia-Pacific is projected to grow owing to the expanding consumer base, rise in purchasing power, and developments by market players.
Key players in the global active seat belt system market include, Autoliv, Inc., Continental Corporation, DENSO Corporation, Far Europe Holding Limited, Hyundai Mobis Co., Ltd., Ningbo Joyson Electronics Corp. (Key Safety Systems, Inc.), Takata Corporation, Tokai Rika Co., Ltd., Toyoda Gosei Co., Ltd., and ZF Friedrichshafen AG
KEY MARKET SEGMENTS:
• Global Active Seat Belt System Market – By Component
o Buckle Lifters
• Global Active Seat Belt System Market –
o Passenger Cars
o Commercial Vehicles
• Global Active Seat Belt System Market – By Geography
o North America
Rest of Europe
Rest of Asia-Pacific
• Autoliv, Inc.
• Continental Corporation
• DENSO Corporation
• Far Europe Holding Limited
• Hyundai Mobis Co., Ltd.
• Ningbo Joyson Electronics Corp. (Key Safety Systems, Inc.)
• Takata Corporation
• Tokai Rika Co., Ltd.
• Toyoda Gosei Co., Ltd.
• ZF Friedrichshafen AG
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region