Active Seat Belt System Market Size 2023 | Worth US$ 16.1 Billion | Growth Rate (CAGR) of 5.9% | IMARC Group

The latest research study "Active Seat Belt System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global active seat belt system market size reached US$ 11.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.9% during 2023-2028.

An active seat belt system refers to a safety device used in automobiles to link active and passive security systems. It relies on a motor that retracts seat belt webbing in urgent situations or before any accident. An active seat belt system can be activated using the data from safety systems, such as the electronic stability control and brake assist techniques in vehicles. It also utilizes information from environmental sensors, including radar, which measure the relative distance and speed between automobiles. An active seat belt system aids in improving the safety of the driver and passengers by removing the strap slack to reduce the forward movement of the body from the seat. As a result, this technique finds widespread applications in passenger cars and light and heavy commercial vehicles.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Active Seat Belt System Market Trends and Drivers:

The escalating demand for personal vehicles to cover distances between home, work, educational institutions, and shopping malls across the globe is among the primary factors driving the active seat belt system market. Besides this, various technological advancements in motorcars, such as seat belt reminders (SBRs), gear locks and interlocks, and cheat devices, are further augmenting the market growth. Moreover, the rising awareness among the masses toward the benefits of using seat belts is also catalyzing the global market. Apart from this, the launch of several policies by the government bodies to promote the usage of these systems is acting as another significant growth-inducing factor. Additionally, the inflating number of investments by the leading players in research and development (R&D) activities to introduce inflatable belts for enhancing the safety of people are also stimulating the market growth. Furthermore, the elevating requirement for 3-point straps, as they reduce the impact of accidental injuries, is expected to bolster the active seat belt system market in the coming years.

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Active Seat Belt System Market Report Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Autoliv Inc
• Continental AG
• Denso Corporation
• Far Europe Inc.
• GWR Safety System
• Hyundai Mobis Co. Ltd
• ITW Automotive Products GmbH
• Ningbo Joyson Electronics Corporation
• Tokai Rika Co. Ltd and ZF Friedrichshafen AG.

The report has been segmented the market into following categories:

Breakup by Component:
• Retractors
• Pretensioners
• Buckle Lifters

Breakup by Application:
• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Breakup by Sales Channel:
• OEMs
• Aftermarket

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Breakup By Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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