Child Restraint Systems Market Scope
The child restraints system is one of the most important actions that can be taken to prevent injury in a motor vehicle crash. Babies and toddlers are transported against the driving direction for as long as possible to reduce the risk of severe injuries in the case of accidents. The use of an appropriate type of restraint for a child’s age, height, weight, and physical limitations reduces the deaths of children by between 50 percent and 75 percent. The use of child restraint systems is high in countries such as United States, United Kingdom, and Sweden.
Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Child Restraint Systems market throughout the predicted period.
Joyson Safety Systems (United States), AmSafe (United States), Astronics Corporation (United States), TASS International (The Netherlands), Autoliv (Sweden), Newell Brands (United States), Shield Restraint Systems, Inc. (United States), Harmony Juvenile Products (United States), Britax (United States) and Recaro (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Maxi-Cosi (United States), Chicco (Italy), Convaid (United States) and Combi Corporation (United States).
Segmentation Overview
The study have segmented the market of Global Child Restraint Systems market by Type (Infant-Only Car Safety Seats (CSS), Convertible and Combination CSS, Integrated Seats and Others), by Application (Passenger Vehicles, Airlines and Others) and Region with country level break-up.
On the basis of geography, the market of Child Restraint Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Child Restraint Systems using ISOFIX Anchorages
Market Growth Drivers:
High proportion of overall traffic injuries and deaths in high-income countries, and a growing number of motor vehicle crashes such as passenger cars, owing to high speed and heavy traffic around the world is the key driving factor for the growth of the market. and Mandatory Child Restraint Laws & Regulation and their Enforcement
Challenges:
High Usage Rates because of Separate Purchased and Fitting and Intense Competition among Industry Players
Restraints:
Access and Cost of Child Restraint System owing to Large Family Size and Lack of Awareness about the Benefits
Opportunities:
Continuing Publicity and Enforcement Campaigns and Low and Middle-Income Countries owing to Growing Motor Vehicle Ownership
Market Leaders and their Expansionary Development Strategies
On April 11, 2018, Ningbo Joyson Electronic Corporation and PAG, an Asia based private equity firm and Future Industry Investment Fund (“SDIC”) has acquired all of the global assets of Japan-based Takata Corporation, a leading global supplier of vehicle safety systems including seat belts, airbags, steering wheels, and child seats as well as other automotive products, out of cross-border bankruptcies in the United States and Japan.
On July 18, 2019, Astronics Corporation, a leading provider of advanced technologies for the global aerospace, and defense, announced its wholly-owned subsidiary, Astronics Connectivity Systems, and Certifications (CSC), has moved its operations to a new office and manufacturing facility in Waukegan, Illinois.
Child restraint systems approved under UN Regulation No. 129, the so-called “i-Size” systems, are classified in accordance with the size of the child. From birth to 15 months old, rearward facing systems are mandatory. “i-Size” child restraint systems are installed using the ISOFIX anchorage points and either a top tether or a support leg is used as a third anchoring point for enhanced stability. and Road regulations of the Russian Federation p.22.9 (Government Decree of 14.12.2005 N767): “Transportation of children are allowed on condition of ensuring their safety taking into account features of a design of the vehicle.
Key Target Audience
Child Restraint System Manufacturers, Accessories and Parts Suppliers, Automobile and Aviation Industry Players and Industry Bodies and Associations
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.