Smart seat belt technology market to reach $36.81 billion in 2031 | Size, Research, Share 2031

The smart seat belt technology utilizes a motor that retracts seat belt webbing in critical situations before a crash occurs. It can be triggered by sensors, such as radar, which provides the relative speed and distance to the vehicles ahead. The smart seat belt technology uses braking and stability control sensor information to sense a potential accident. It reacts by securing the driver and passenger seat belts by removing seat belt slack so the occupant's position on the seat is improved in advance of an impending crash.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.alliedmarketresearch.com/press-release/smart-seat-belt-technology-market.html

Governments worldwide are increasingly focusing on implementing regulations that demand the development and incorporation of safety systems integrated with sensor systems and cameras in automobiles to improve the overall safety of vehicles & passengers. In India, according to Bharat New Vehicle Safety Assessment Program (BNVSAP) program, from April 2021, front passenger airbags have become mandatory for every vehicle sold in India, driver and co-driver seat belt alarms must be active till the seats are occupied, and speed warning systems are activated at two levels; at the vehicle exceeding the speed of 80km/hr and 120km/hr. Thus, increase in automotive safety norms, rise in consumer awareness toward automotive safety, and high demand for luxury vehicles foster the smart seat belt technology market in the forecast period

According to a new report published by Allied Market Research, titled, "Smart Seat Belt Technology Market," The smart seat belt technology market size was valued at $19.3 billion in 2021, and is estimated to reach $36.8 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬: https://www.alliedmarketresearch.com/request-sample/2096

Europe is expected to dominate the market in terms of revenue, followed by North America, Asia-Pacific and LAMEA. The increasing demand for vehicles with advanced safety application is driving the growth of smart seat belt technology market in the region.

The smart seat belt technology market is segmented on the basis of type, sales channel, vehicle type, propulsion, and region. By type, it is divided into active buckle lifter, active seat belt, intelligent ignition system, and attention retention system (ARS). On the basis of sales channel, it is segmented into original equipment manufacturer, and aftermarket. By vehicle type, it is divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. By propulsion, the market is divided into ICE, electric & hybrid, and alternate fuel vehicle. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players that operate in this smart seat belt technology market report are Autoliv Inc., Ashimori Industry Co., Ltd, BYD Company Ltd., Continental AG, DENSO Corporation, Far Europe Inc., GWR Safety Systems, Hyundai Mobis, ITW Safety, JOYSON, TOKAIRIKA, CO, LTD., Yanfeng, and ZF Friedrichshafen AG

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/2096

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲

- By type, the attention retention system (ARS) segment is expected to register a significant growth during the forecast period.
- By sales channel, the aftermarket segment is projected to lead the global smart seat belt technology market.
- By vehicle type, the heavy commercial vehicles segment is projected to lead the global smart seat belt technology market.
- By propulsion, the electric & hybrid segment is projected to lead the global smart seat belt technology market.
- Region-wise, Europe is anticipated to register the highest CAGR during the forecast period.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.