Europe Automotive Passive Safety System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Airbag, Seatbelt, Occupant Sensing System, Child Safety System, and Others) and Vehicle Type (Passenger Car and Commercial Vehicles)   

Europe Automotive Passive Safety System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Airbag, Seatbelt, Occupant Sensing System, Child Safety System, and Others) and Vehicle Type (Passenger Car and Commercial Vehicles)   

The automotive passive safety system market in Europe is expected to grow from US$ 4,999.52 million in 2022 to US$ 6,309.27 million by 2028. It is estimated to grow at a CAGR of 4.0% from 2022 to 2028.

Surge in Automobile Production

Urbanization trends, increasing average disposable income of urban dwellers that has enabled people to improve their lifestyles has further accelerated the demand for passenger cars. As a result, automakers across the region are ramping up production to meet customer demand. Vehicle production, specifically passenger cars and commercial vehicles, has increased steadily in both developed and developing countries in recent years. More vehicle production means more requirement of passive safety system units mainly seatbelts and airbags to enhance occupant security. This is acting as a major growth driver for the automotive passive safety systems market. Falling loan interest rates are also fueling growth in the auto industry, which is supporting the passive safety system sales. In 2021, Germany produced many automotive vehicles, including passenger and commercial vehicles. The rise in automobile production, along with rising concerns for occupant safety and security has created a need for automotive passive safety structures. Thus, increase in automobile production is driving the market sales for airbags, seatbelts, occupant safety systems, and other passive safety systems that improve the safety and driving experience.

Market Overview

Germany, France, the UK, and Italy are among the major economies in Europe. The western part of Europe is characterized by elevated living standards, with high national GDPs. The automotive industry contributes 7% to the GDP of Europe, directly and indirectly. The automotive sector supports the growth of these economies by assisting the supply chain, which creates a diversified array of business opportunities and services. Europe comprises several major automotive manufacturing and assembly plants. Automotive manufacturers have production plants in 27 countries and 304 vehicle assembly plants across Europe. According to European Automobile Manufacturers Association, 2.1 million commercial vehicles were produced in the EU in 2021, and 9.9 million passenger cars were made in the European Union in 2021. The growing production of commercial and passenger vehicles is likely to fuel the demand for automotive passive safety systems. As per OICA 2021 statistics report, the number of motor vehicle produced in Europe was 1,63,30,509; 1,69,42,248; and 2,15,75,118 in 2021, 2020, and 2019, respectively. Also, the total passenger cars produced across the region was 1,38,03,297 in 2021, 1,45,56,548 in 2020, and 1,87,24,208 in 2019. Germany, France, Spain, the UK, and the Czech Republic are the leading countries in Europe that produced the maximum number of motor vehicles and passenger cars. Further, the national regulatory bodies are taking numerous initiatives to support the development of the automotive industry in the region. For instance, CARS 2020 Action Plan, GEAR 2030, and Horizon 2020 are a few major European government initiatives. The Horizon 2020 Plan focuses on providing funds for research & development (R&D) activities in the automotive industry by launching programs such as the European Green Vehicles Initiative and programs on factories of the future and information and communications technology (ICT) for smart mobility, road transport, and logistics. Therefore, the presence of a robust automotive industry helps boost the demand for automotive airbags and seatbelts due to large-scale motor vehicle production and several European governmental schemes.
Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)

Europe Automotive Passive Safety System Market Segmentation

The Europe automotive passive safety system market is segmented into type, vehicle type and country.
Based on type, the Europe automotive passive safety system market can be categorized into airbags, seatbelts, occupant sensing system, child safety system, and others. The airbags segment registered the largest market share in 2022.
Based on vehicle type, the Europe automotive passive safety system market is bifurcated into passenger car and commercial vehicles. The passenger car segment held a larger market share in 2022.
Based on country, the market is segmented into Germany, France, Italy, the UK, Russia, and the rest of Europe. Germany dominated the market share in 2022.
Autoliv Inc; Continental AG; FAURECIA; Hyundai Mobis; Joyson Safety Systems; Knauf Industries; Robert Bosch GmbH; Tokairika Co., Ltd.; Toyoda Gosei Co., Ltd; and ZF Friedrichshafen AG are the leading companies operating in the Europe automotive passive safety system market.

Reasons to buy

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1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automotive Passive Safety System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Europe
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Automotive Passive Safety System Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Rising initiatives to introduce regulatory standards concerning vehicle safety
5.1.2 Surge in Automobile Production
5.2 Market Restraints
5.2.1 High Operating and Maintenance Costs of Passive Safety Systems
5.3 Market Opportunities
5.3.1 Growing Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Technological Advancements in Passive Safety Systems
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Passive Safety System Market –Europe Analysis
6.1 Europe Automotive Passive Safety System Market Overview
6.2 Europe Automotive Passive Safety System Market Forecast and Analysis
7. Europe Automotive Passive Safety System Market– By Type
7.1 Overview
7.2 Europe Automotive Passive Safety System Market, By Type (2021 And 2028)
7.3 Airbag
7.3.1 Overview
7.3.2 Airbag: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Seatbelt
7.4.1 Overview
7.4.2 Seatbelt: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.5 Occupant Sensing System
7.5.1 Overview
7.5.2 Occupant Sensing System: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.6 Child Safety System
7.6.1 Overview
7.6.2 Child Safety System: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
8. Europe Automotive Passive Safety System Market – By Vehicle Type
8.1 Overview
8.2 Europe Automotive Passive Safety System Market, By Vehicle Type (2021 And 2028)
8.3 Passenger Car
8.3.1 Overview
8.3.2 Passenger Car: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial Vehicles
8.4.1 Overview
8.4.2 Commercial Vehicles: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Automotive Passive Safety System Market – Country Analysis
9.1 Overview
9.1.1 Europe: Automotive Passive Safety System, by Key Country
9.1.1.1 France: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 France: Automotive Passive Safety System, By Type
9.1.1.1.2 France: Automotive Passive Safety System, By Vehicle Type
9.1.1.2 Germany: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Germany: Automotive Passive Safety System, By Type
9.1.1.2.2 Germany: Automotive Passive Safety System, By Vehicle Type
9.1.1.3 UK: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UK: Automotive Passive Safety System, By Type
9.1.1.3.2 UK: Automotive Passive Safety System, By Vehicle Type
9.1.1.4 Italy: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Italy: Automotive Passive Safety System, By Type
9.1.1.4.2 Italy: Automotive Passive Safety System, By Vehicle Type
9.1.1.5 Russia: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Automotive Passive Safety System, By Type
9.1.1.5.2 Russia: Automotive Passive Safety System, By Vehicle Type
9.1.1.6 Rest of Europe: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Automotive Passive Safety System, By Type
9.1.1.6.2 Rest of Europe: Automotive Passive Safety System, By Vehicle Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Launch
10.4 Merger and Acquisition
11. Company Profiles
11.1 Continental AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ZF Friedrichshafen AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Autoliv Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Joyson Safety Systems
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Robert Bosch GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Faurecia
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Hyundai Mobis
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Knauf Industries
11.8.1 1.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Toyoda Gosei Co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 TOKAIRIKA, CO, LTD.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Europe Automotive Passive Safety System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Automotive Passive Safety System Market Volume and Forecast to 2028 (Thousand Units)
Table 3. Europe: Automotive Passive Safety System Market Revenue Share, By Country
Table 4. Europe: Automotive Passive Safety System Market Volume in Thousand Units, By Country
Table 5. France: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 7. France: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 10. Germany: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. UK: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 13. UK: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 16. Italy: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 19. Russia: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: Automotive Passive Safety System, By Volume –Revenue and Forecast to 2028 (Thousand Units)
Table 22. Rest of Europe: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 23. List of Abbreviation
  
LIST OF FIGURES
Figure 1. Europe Automotive Passive Safety System Market Segmentation
Figure 2. Europe Automotive Passive Safety System Market Segmentation – By Country
Figure 3. Europe Automotive Passive Safety System Market Overview
Figure 4. Airbag Segment held the Largest Share of Europe Automotive Passive Safety System Market
Figure 5. Passenger Car Segment held the Largest Share of Europe Automotive Passive Safety System Market
Figure 6. Germany to Show Great Traction During Forecast Period
Figure 7. Europe – PEST Analysis
Figure 8. Ecosystem Analysis: Europe Automotive Passive Safety System Market
Figure 9. Expert Opinion
Figure 10. Europe Automotive Passive Safety System Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Automotive Passive Safety System Market Forecast and Analysis (US$ Million)
Figure 12. Europe Automotive Passive Safety System Market, By Type (2021 and 2028)
Figure 13. Airbag: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Seatbelt: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Occupant Sensing System: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Child Safety System: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Automotive Passive Safety System Market, By Vehicle Type (2021 and 2028)
Figure 19. Passenger Car: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial Vehicles: Europe Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe: Automotive Passive Safety System Market, by key Country – Revenue (2021) (US$ Million)
Figure 22. Europe: Automotive Passive Safety System Revenue Share, by Key Country (2021 and 2028)
Figure 23. France: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Germany: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 25. UK: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Italy: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)

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