According to Stratistics MRC, the Global Automotive Airbag And Seat Belt Market is accounted for $28.72 billion in 2020 and is expected to reach $59.37 billion by 2028 growing at a CAGR of 9.5% during the forecast period. Rising demand for safer and more efficient driving experiences, high demand from passenger vehicles, the increasing number of mandates pertaining to the implementation and growing government road safety regulations are major factors driving the growth of the market. However, the rising development of active safety systems and maintaining the stability between cost & quality are hampering the market.
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By vehicle type, hybrid electric vehicle (HEV) segment is experiencing considerable market growth, due to the stringent emission norms, surroundings safety, motor vehicle electrification, and government are some of the major factor propel the segment growth. Based on the geography, Asia Pacific is dominating the market during the forecast period. The demand for this market is triggered by growing vehicle production in developing countries such as China and India and the rising number of luxury vehicles in these countries.
Some of the key players profiled in the Automotive Airbag And Seat Belt Market include Aptiv Plc., Autoliv, Inc., Continental Corporation, Delphi Automotive, DENSO Corporation, Far Europe Holding Limited, Hyundai Mobis Co., Ltd., Joyson Electronics, Key Safety Systems (KSS), Ningbo Joyson Electronics Corp., Robert Bosch, Tokai Rika Co., Ltd., Toshiba Electronic Devices & Storage Corporation, Toyoda Gosei Co., Ltd., ZF Friedrichshafen AG.
Airbag Types Covered:
• Side
• Knee
• Frontal
• Curtain
• Rear Curtain
• Center
• Seat Belt Airbag
Seat Belt Types Covered:
• Three-Point (Belt-in-Seat (BIS))
• Two-Point
• Automatic Seatbelt
• Five-Point
• Four-Point
• Six-Point
Seat Belt Technologies Covered:
• Active Seat Belts
• Automatic
• Bag In Belts
• Inflatable
• Load Limiter
• Locking Retractors
• Pretensioners and Webclamps
• Retractors
• Seat Belt Reminder System
Vehicle Types Covered:
• Heavy Commercial Vehicle (HCV)
• Battery Electric Vehicle (BEV)
• Electric Vehicle Type
• Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)
End Users Covered:
• Airbag
• Seat Belt
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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