Active Seat Belt System Market to Reach $22.3 Billion, Globally, by 2030 at 6.6% CAGR: Allied Market Research

Increase in demand for premium vehicles, rise in awareness of automotive safety among consumers, and surge in automotive safety norms have boosted the growth of the active seat belt system market.

PORTLAND, Ore., April 27, 2022 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Active Seat Belt System Market by Component (Retractors, Pretensioners, Buckle Lifters), by Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Sales Channel (Oem, Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global active seat belt system industry was pegged at $11.9 billion in 2020, and is expected to reach $22.3 billion by 2030, growing at a CAGR of 6.6% from 2021 to 2030.

Drivers, restraints, and opportunities-

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 Report (155 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/2318

COVID-19 scenario-

• The outbreak of the Covid-19 pandemic affected the global active seat belt system market. The disruption of the supply chain across various parts of the world and continuous shutdown of manufacturing facilities hampered the vehicle production, which in turn impacted the growth of the active seat belt system market.
• The majority of manufacturing factories were closed, towns were operating at a slower pace than in the past, and the automobile and semiconductor industries came to a halt, which has a negative influence on the market growth.
• The decreased production of automotive components due to the temporary closure of manufacturing units negatively affected the market growth.

Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/2318

The pretensioners segment to dominate by 2030-

By component, the pretensioners segment accounted for nearly half of the global active seat belt system market share in 2020, and is anticipated to retain its dominance throughout the forecast period. This is owing to the fact that it increases passenger protection and reduced slack between the seat belt & passenger's body. The buckle lifters segment, however, would showcase the fastest CAGR of 8.7% by 2030. This is attributed to the fact that it eases buckling and reaching up to the buckles boosted the adoption of these components, thus driving the growth of the segment.

The passenger cars segment held the lion's share in 2020-

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.

Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2318

Asia-Pacific, followed by North America, to lead the trail in terms of revenue-

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.

Key players in the industry-

• Continental AG
• Autoliv Inc.
• DENSO Corporation
• GWR Safety Systems Inc
• Far Europe Inc.
• ITW Safety Components Mexico
• Hyundai Mobis Co Ltd
• TOKAI RIKA, CO, LTD
• Joyson Group
• ZF Friedrichshafen AG

Buy Complete Report Now! https://www.alliedmarketresearch.com/checkout-final/cd55181a6ca3003ba8c937143049f46c

Similar Reports We Have on Automotive Safety Industry:

Smart Seat Belt Technology Market - Global Opportunity Analysis and Industry Forecast, 2017-2030.

Seat Belt Retractor Market by Type (Belt-in-seat, Six-point belt, Five-point belt, Four-point belt, Three-point belt, and Two-point belt), by Technology (Emergency locking Retractor, Automatic locking Retractor, and Switchable Retractor), by Seat (Front and Rear), and Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Automotive Safety System Market by Type (Active safety system and Passive safety system) and Application (Internal Combustion Engine (ICE) Vehicles, Electric Vehicles and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Safety Restraint Systems Market by Solution (Red Light & Speed Enforcement, Incident Detection & Response, ANPR/ALPR, and Others), Services (Professional Services, and Managed Services: Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Passive Safety System Market by Product Type (Airbag, Seat Belt, Electronic Control Unit, Steering Wheels, and Others), Vehicle Type (Passenger and Commercial) Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Automotive Safety Electronics Market by Component (Electronic Control Unit, Sensors, Current Carrying Devices, and Other), Sales Channel (Original Equipment Manufacturer (OEM), and Aftermarket), and Application (ADAS, Infotainment, Body Electronics, Safety Systems, and Powertrain Electronics): Glob al Opportunity Analysis and Industry Forecast, 2021–2030.

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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com Follow Us on | Facebook | Twitter | LinkedIn |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg