Active Seat Belt System Market Growing at 6.6%, to Hit USD 22.3 Billion by 2030

The global 𝐀𝐜𝐭𝐢𝐯𝐞 𝐒𝐞𝐚𝐭 𝐁𝐞𝐥𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 was valued at $11.9 billion in 2020, and is projected to reach $22.3 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030. Increase in consumer awareness of automotive safety, high demand for luxury vehicles and rise in automotive safety norms drive the growth of the global active seat belt system market. However, high cost of active seat belts impedes the global development of the active seat belt system market. Moreover, biosensors as an input source for future active seat belt systems and increase in passenger vehicle registration are expected to create a significant opportunity for market competitors in the coming years.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧 𝐏𝐃𝐅 - 155 𝐏𝐚𝐠𝐞𝐬) 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/2318

The active seat belt system utilizes a motor that retracts seat belt webbing in critical situations before a crash occurs. It can be triggered by environmental sensors, such as radar, which provides the relative speed and distance to the vehicles ahead. The active seat belts 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. In addition, it reduces some of the seat belt slack in dynamic driving situations and fatality by 45%.

Factors such as increased consumer awareness towards automotive safety, rise in automotive safety norms, and high demand for luxury vehicles foster the growth of the global active seat belt system market. However, the high cost of active seat belts hinders the global development of the active seat belt system market. Furthermore, biosensors as an input source for future active seat belt systems and a rise in passenger vehicle registration are the significant factors anticipated to provide a remarkable growth opportunity for the players operating in the market.

𝐁𝐮𝐲 𝐍𝐨𝐰 & 𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐨𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/active-seat-belt-system-market/purchase-options

𝐓𝐡𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐩𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞

𝐓𝐎𝐊𝐀𝐈𝐑𝐈𝐊𝐀, 𝐂𝐎, 𝐋𝐓𝐃, 𝐅𝐚𝐫 𝐄𝐮𝐫𝐨𝐩𝐞 𝐈𝐧𝐜., 𝐙𝐅 𝐅𝐫𝐢𝐞𝐝𝐫𝐢𝐜𝐡𝐬𝐡𝐚𝐟𝐞𝐧 𝐀𝐆, 𝐇𝐲𝐮𝐧𝐝𝐚𝐢 𝐌𝐨𝐛𝐢𝐬 𝐂𝐨 𝐋𝐭𝐝, 𝐃𝐄𝐍𝐒𝐎 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐈𝐎𝐍, 𝐣𝐨𝐲𝐬𝐨𝐧 𝐠𝐫𝐨𝐮𝐩, 𝐆𝐖𝐑 𝐒𝐚𝐟𝐞𝐭𝐲 𝐒𝐲𝐬𝐭𝐞𝐦𝐬, 𝐢𝐭𝐰 𝐬𝐚𝐟𝐞𝐭𝐲 𝐜𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐦𝐞𝐱𝐢𝐜𝐨, 𝐜𝐨𝐧𝐭𝐢𝐧𝐞𝐧𝐭𝐚𝐥 𝐚𝐠, 𝐀𝐮𝐭𝐨𝐥𝐢𝐯 𝐈𝐧𝐜.

The combined effect of the seatbelt with the airbags provides the occupant with an added sense of safety and guards from further potential injury. Furthermore, it decreases the possibility of the occupants being thrown out of the vehicle. The increasing adoption of the latest technologies in passenger vehicles is the primary factor that is anticipated to boost the active seat belt system market during the forecast period.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮'𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/2318

By region, Asia-Pacific, followed by North America, garnered the major share in 2020, contributing to nearly half of the global active seat belt system market, and is expected to dominate the market during the forecast period. This is owing to the increased production & sales of vehicles across the region. However, the LAMEA region is expected to witness the fastest CAGR of 9.0% by 2030. This is attributed to the increased demand for advanced safety systems in vehicles sold across the region.

Based on application, the passenger cars segment held the lion's share in 2020, contributing to more than three-fifths of the global active seat belt system market, and is expected to continue its lead during the forecast period. This is attributed tothe increased application of active seat belt systems in passenger cars. Moreover, this segment is expected to witness the highest CAGR of 7.5% by 2030. The report also includes an analysis of the light commercial vehicles and heavy commercial vehicles segment.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠:
https://www.alliedmarketresearch.com/purchase-enquiry/2318

KEY FINDINGS OF THE STUDY

The passenger car segmentleads the market in terms of growth rate.

By component, the buckle lifters segment leads the market in terms of growth rate.

By region, LAMEA is projected to lead the market in terms of growth rate.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

Automotive Piston Market - https://www.alliedmarketresearch.com/automotive-piston-market

Intake Filter Media Market - https://www.alliedmarketresearch.com/intake-filter-media-market-A09802

Bus HVAC Market - https://www.alliedmarketresearch.com/bus-hvac-market-A08907

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