Global Active Seat Belt System Market Size, By Type (ABS, EBD, TCS, LDWS, Other), By Component (Retractors, Pretensioners, Buckle Lifters), By Application (Passenger Cars, Commercial Vehicles), By Sales Channel (OEMs, Aftermarket), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Active Seat Belt System Market
Global Active Seat Belt System Market was valued at USD 10.8 Billion in 2021 and is expected to reach $12.6 Billion by 2027, at a CAGR 2.04% from 2022-2027.
Active seat belt is a safety or protection system which is used in automobiles to guarantee the passenger safety in emergency situations. The active seat belt systems are installed with pre-crash electronic control units which are directly linked with pretensioners. When the threats are detected, it fastens the seat belt as a safety precaution. Active seat belts systems are like conventional seat belts, but due to the integration of sensor and technology it is much more effective in terms of safety.
Market Drivers
The global active seat belt system market is estimated to flourish by 2027 because of the active adoption of advanced safety systems (ADS) and well-established automotive industry in the developed & developing countries. The passenger cars sub-segment is estimated to be highly dominant due to the launch of new vehicle models and their increasing adoption worldwide.
Further, rules and regulations and strict laws of governments regarding the usage of seat belts are also anticipated to boost the market growth by 2027.
Market Restraints
However, high cost of active seat belt systems & lack of skilled labor for installation is likely to restrain the market growth. Expensive prices of automobiles are the prime factor projected to hinder the market growth.
Market Segmentation
The Global Active Seat Belt System Market is segmented into Type, Component, Application, and Geography. Based on Type, the market is segmented into Two-point Belts, Three-point Belts, Four-point Belts, Five-point Belts, Six-point Belts, and Seven-point Belts.
Based on Component, the market is divided into Retractors, Pretensioners, and Buckle Lifters. Based on Application, the market is segmented into Passenger Cars and Commercial Vehicles.
Regional Analysis
The Global Active Seat Belt System Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North American region accounts for the highest market size & share of the active seat belt system market in the forecast period 2022-2027 owing to the technological advancement and rapid development of infrastructure. Additionally, increasing demand for premium vehicles as well as rapid integration of advanced technology supported by rising market investments.
Key Players
Various key players are discussed into the Global Active Seat Belt System Market Report including: Autoliv INC, Continental AG, Denso Corporation, Hyundai Mobis Co., Ltd, Ningbo Joyson Electronics Corporation, Tokai Rika Co., Ltd, Toyoda Gosei Co, ZF Friedrichshafen AG, Robert Bosch GmbH, ITW Automotive Products GmbH, Takata Corporation, ITW Automotive Products GmbH, and others.
Market Taxonomy
By Type
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