Automotive Active Seatbelt System Market- By Component (Retractors, Pre-tensioners, and Buckle Lifters), By Application (Passenger Cars and Commercial Vehicles), By Type (Two-Point Belts, Three-Point Belts, Four-Point Belts, Five-Point Belts, Six-Point Belts, and Seven-Point Belts), and By Region- Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Automotive Active Seat Belt Market accounted 21748.17 USD billion in 2020 and is anticipated to reach 33133.38122 USD billion by 2030 with a CAGR of approximate 4.3% during the forecast timeline. The active seatbelt system ensures the safety of the occupant in case of a collision. The system uses motors to retract the seatbelt webbing in a crucial situation and locate the button easily to fasten it. It is connected with a pre-crash electronic control unit (ECU), installed in the vehicle attached to pretensions directly. These pretensioners are tuned with specific movements of the vehicle, which further enhance the functioning of active seat belts. Further, the system is activated by using data from various safety features, such as to assist braking systems and control electronic stability, which is integrated into the vehicle. This safety component reduces the seat belt slack in dynamic driving situations, as well as fatality by 45%, which decreases the possibility of the occupants being thrown out of the vehicle. Additionally, active seat belts are similar to traditional seat belts, but with advanced technology that automatically detects threats, such as pretension, buckle lift, and others, and enhanced safety over passive seat belts. Hence these positive factors have driven the growth of the market.

Market Segmentation:

On the basis of components, the global automotive active seatbelt system market is segmented as retractors, pretensioners, and buckle lifters. On the basis of application, the market is classified as passenger cars and commercial vehicles. On the basis of type, the market is divided into two-point belts, three-point belts, four-point belts, five-point belts, six-point belts, and seven-point belts. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising North America, Europe, Asia-Pacific, and RoW.

Market Dynamics and Factors:

There is a constant increase in the safety features of the vehicles due to increases in road accidents has risen the demand for active seat belt systems over the period. According to the National Highway Traffic Safety Administration (NHTSA), 37,133 people killed in motor vehicle crashes in 2017, in which 47% were not wearing seat belts. In 2017 alone, seat belts saved an estimated 14,955 lives and if they will be wearing seat belts then it could save an additional 2,549 lives.  Further, improving the overall vehicle safety to reduce the number of collisions, governments around the world are increasingly focusing on implementing regulations that demand the development and incorporation of safety systems integrated with sensor systems and cameras in the automobile. This will increase the demand for active seat belt systems, which will help the market to grow in the coming years. However, the high cost associated with the product is expected to impede market growth. Furthermore, the boost in passenger vehicle registration and increased use of sensors are expected to present numerous opportunities for market expansion.

Geographic Analysis:

Asia-Pacific dominating the market across the world. The country like China and India have experienced high demand in this region. In China, most of the consumers are adapted to improved security and better comfort. Thereby developing high performance and cost-effective seat belt, which helps to meet customer requirements. Followed by Asia-Pacific, Europe is dominating the market, in which Germany is the largest contributor. Due to Stringent safety norms and the high rate of adoption of the latest technologies. North America is the third largest dominant region for the market, in which the US is the largest contributor.  

Competitive Scenario:

The leading market players of the automotive active seat belt market are Autoliv Inc., Continental Corporation, DENSO Corporation, Hyundai Mobis Co. Ltd., Far Europe Holding Limited, Toyoda Gosei Co. Ltd., Ningbo Joyson Electronics Corp. Tokai Rika Co. Ltd., Takata Corporation, and ZF Friedrichshafen AG. 

Automotive Active Seatbelt System Market Report Scope