Market Overview:
The rising safety in any norms has become a priority across the value chain of automobile manufacturers. This, in turn, has led to incorporate active seatbelts in their vehicles, which help in avoiding the crash as well as enables to minimizing the effects of a crash. The key automobile manufacturers concerned about this issue as well as the governments of various countries are taking measures to decrease or at least slow down the increasing number of road accidents happening every year. Thus, these governments’ initiates about using seatbelts are likely to provide a boost to the active seatbelt market during the forecast period 2021 to 2027.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Continental AG (Germany), Autoliv Inc. (Sweden), Robert Bosch GmbH (Germany), Hyundai Mobis (South Korea), Far Europe Inc. (Europe), Takata Corporation (Japan), ZF TRW (United States), Iron Force Industrial (Taiwan) and Denso Corporation (Japan) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Active Seatbelt Market Study:
Continental AG (Germany), Autoliv Inc. (Sweden), Robert Bosch GmbH (Germany), Hyundai Mobis (South Korea), Far Europe Inc. (Europe), Takata Corporation (Japan), ZF TRW (United States), Iron Force Industrial (Taiwan) and Denso Corporation (Japan)
Active Seatbelt Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Passenger Vehicle and Commercial Vehicle |
Component Type | Webbing Strap,Retractors,Buckles,Tongues,Pillar Loops |
Seat Type | Front Seat,Rear Seat |
Distribution Channel | OEM,Aftermarket |
Design Type | Two-Point,Three-Point,Four-Point,Others |
Influencing Trend:
Adoption of Premium Vehicles is estimated to Propel the Active Seat Belt System and Introduction of Innovative Systems Including V2V Communications and ADAS Require Sensors in Belts Thereby Supporting Product Demand
Market Growth Drivers:
Increasing Demand from Automobile Industry and Increasing Usage of Active Safety Features in Modern Vehicles to Enhance Safety of Passengers and Continuous Developments in the Field of Safety Equipment by Major Manufacturers
Challenges:
High Cost of these Active Seatbelts
Restraints:
A major issue that is likely to restrain the market of active seatbelts is that these seatbelts are not able to prevent or diminish the damage caused due to side crashes. These side collisions are known as T-bone collisions or right-angle collisions. In these types of collisions, a chronic injury can be caused even by a minor incident.
Opportunities:
Increasing Demand for Safety from Consumers is Anticipated to Fuel the Demand for Active Seatbelt System during the Forecast Period and Stringent Safety Norms and Continuous Developments in the Field of Vehicle Safety
Some of the other players that are also part of study are ITW Automotive Products GmbH (Germany), Key Safety Systems (United States), Special Devices Inc. (United States) and Tokai Rika (Japan). The Global Active Seatbelt market is gaining huge competition due to involvement of Global companies that constantly invest in research & development to meet market expectation with new innovation.
The emergence of government legislations to reduce fatal injury cases and enhance passenger safety in enhancing the incorporation of the safety systems. In June 2017, Mississippi announced the compulsion to wear protective belts in cars, trucks, and SUVs. Moreover, the regulatory is imposing a penalty for non-adherence to the legislations. Such initiatives will drive the automotive seat belt market size over the study timeframe.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Active Seatbelt market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Active Seatbelt market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment .
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.