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Active Seat Belt System Market, By Component

RA00051

Active Seat Belt System Market, By Component (Buckle Lifters, Pre-tensioners, Retractors) By Application (Passenger Cars and Commercial Vehicles). Regional Analysis (North America, Europe, Asia Pacific, LAMEA) Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00051

Pages: 188

Feb 2020

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Automotive Seat Belt System Industry Analysis and Forecast 2026:

The global active seat belt system market forecast will be $ 29,100.0 Million by 2026, increasing from $ 20.645.1 Million in 2018 at a CAGR of 4.4%. Asia-Pacific market size will generate a revenue of $ 15,059.9 Million by 2026. This region dominated the global market owing to the well-established automotive industry in developing countries such as India and China. North American market for active seat belt system, is projected to reach $ 5,767.1 Million during forecasted period.

Active seat belt is a safety system majorly used in vehicles to reducing the lives lost and injuries along with ensuring safety of driver and other occupants. Still, around one in four front-seat passengers and drivers continues to ride without seat belts. Thus, to increase seat belt use, the Parliamentary Advisory Council for Transport Safety (PACTS) acclaimed that not wearing a seat belt will be considered as an endorsable offence with three penalty points. Active seat belt is more advanced that detects threats such as collisions along with provide better safety precautions. Moreover, the significant purpose of a seat belt is to ensure the accurate position of passengers for maximum efficiency of air bags.

Driving Factors Behind Growth of Active Seat Belt System Market:

Global acceptance for enhanced safety systems coupled with advancements in seat belts are expected to boost the growth of active seat belt system market

Growing global automobile production, increasing demand for integrated safety systems coupled with stringent car safety norms are expected to drive the active seat belt system market growth. For instance, as per the World Health Organization (WHO), around 105 economies representing 5.3 billion people presently have strict laws on the usage of seat belts. In addition, effectiveness of seat belts, and proven safety benefits are predicted to grow the active seat belt system industry.

Market Restraints:

Limited disposable income in the underdeveloped countries & expensive prices of vehicles are anticipated to restrain the global seat belt market growth

Though the vehicle manufacturers are offering seat belts in the vehicles, the adoption of vehicles in lower income nations may be expected to hamper the seat belt system market. Due to the high cost of new vehicles and the increasing purchases of secondhand vehicles will dominate the automotive sector, which in turn restrains the global market.

Active Seat Belt System Market Opportunities:

SBRs gearlocks & interlocks, and cheat devices are expected to create lucrative opportunities in the global active seat belt system market

Latest advancements such as Seat belt reminders (SBRs) are projected to spur the growth of the global market. SBR is a device that can detect the presence of a vehicle passenger also the status of active seat belt. Thus, the effectiveness of seat belt reminders, along with the incorporation of cheat devices, gear locks & interlocks into the seat belts is also expected to enhance the market growth opportunities in the coming future.

Active Seat Belt System Market System, by Component:

Retractor segment will be most lucrative till 2026

Active Seat Belt System Market system, by Component

Source: Research Dive Analysis

Pre-tensioner segment generated a revenue of $ 8,670.9 Million in 2018 and is anticipated to generate of $ 11,785.5 Million by 2026.  This is majorly due to the product’s reliability and effective performance.
Retractors segment generated a revenue of $ 4,541.9 Million in 2018 and is estimated to surpass $ 6,780.3 Million by 2026. This is majorly due to the development of active control retractors which enhances the passenger safety in dangerous situation.

Active Seat Belt System Market System, by Application:

Commercial vehicles segment will register revenue of $ 8,002.5 Million by 2026

Active Seat Belt System Market system, by Application

Source: Research Dive Analysis

Passenger vehicle segment generated a revenue of $ 15,218.8 Million in 2018, and is further anticipated to generate $ 21,097.5 Million by 2026.

Passenger cars segment shall foresee a strong growth due to increasing vehicle adoption along with introduction of new vehicle models. Growth in GDP and improved living standards, increased spending power of consumers, and the presence of easy finance options are some of the factors driving the sales of active seat belt system market for passenger cars.

Active Seat Belt System Market system, by Region:

North America region will have enormous opportunities for the market investors to grow over the coming years

Asia-Pacific Active Seat Belt System Market Overview 2026:

Asia-Pacific market size will generate a revenue of $ 15,059.9 Million by 2026. This region dominated the global market owing to the well-established automotive industry in developing countries such as India and China. Also, growing investment by key players is further anticipated to have a positive impact on the active seat belt system market growth over the projected period.

North America Active Seat Belt System Market Forecast 2026:

North American market generated a revenue of $ 3,761.2 Million in 2018, and is projected to surpass $ 5,767.1 Million throughout the forecasted period. The countries such as U.S. and Canada has some key automotive manufacturers. This is one of the key factors which is expected to drive the regional market in the coming years. Moreover, key luxury automobile manufacturers such as Daimler, Ford Motor Company, and General Motors are investing significant amounts for R&D activities to develop the automobiles, and also to improve the passengers’ safety, which will have a positive impact on the market growth.

Key Participants in Global Active Seat Belt System Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Key participants in Global Active Seat Belt System Market

Source: Research Dive Analysis

Some of the prominent active seat belt system market players include Continental Corporation, Far Europe Holding Limited, Ningbo Joyson Electronics Corp. (Key Safety Systems, inc.), Tokai Rika Co., Ltd., Zf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.), Autoliv, Inc., Denso Corporation, Hyundai Mobis Co Ltd., Takata Corporation. 

Porter’s Five Force Model and Competitive Landscape Analysis:

To gain competitive advantage, these companies investing heavily in the R&D activities to develop highly advanced active seat belt systems for the safety purpose of vehicle occupants. To elaborate more on the intensity of competition among the companies, the porter’s five force model is also discussed in the report.

Report Scope:

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  By Component

  • Buckle Lifters
  •  Pretensioners
  •  Retractors

  Segmentation by Application

  • Passenger Cars
  • Commercial Vehicles

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Continental Corporation
  • Far Europe Holding Limited
  • Ningbo Joyson Electronics Corp. (Key Safety Systems, inc.)
  • Tokai Rika Co., Ltd.
  • Zf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.)
  • Autoliv, Inc.
  • Denso Corporation
  • Hyundai Mobis Co Ltd;
  • Takata Corporation
  • Toyoda Gosei Co., Ltd.

Source: Research Dive Analysis

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global Active seat belt system market system size was over $ 20,645.1 Million in 2018, and is further anticipated to reach $ 29,100.0 Million by 2026.

A. Autoliv, Inc., Toyoda Gosei Co., Ltd. And Denso Corporation are some of the key players in the global active seat belt system market system.

A. North-America region possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. North America Active seat belt system market system is anticipated to grow at 5.5% CAGR during the forecast period.

A. Product development, technological advancements and joint ventures are the key strategies opted by the operating companies in this market.

A. Continental Corporation, Hyundai Mobis Co Ltd and Takata Corporation companies are investing more on R&D activities for developing new products and technologies.

1. Research Methodology

1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters

1.4.1. Assumptions
1.4.2. Forecast parameters

1.5. Data sources

1.5.1. Primary
1.5.2. Secondary

2. Executive Summary

2.1. 360° summary
2.2. Component
2.3.  Application

3. Market Overview

3.1. Market segmentation & definitions
3.2. Key takeaways

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis

3.3.1. Bargaining power of consumers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of new entrants
3.3.4. Threat of substitutes
3.3.5. Competitive rivalry in the market

3.4. Market dynamics

3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities

3.5. Technology landscape
3.6. Regulatory landscape
3.7. Patent landscape
3.8. Market value chain analysis

3.8.1. Stress point analysis

3.9. Strategic overview

4. Active Seat Belt System Market, by Component

4.1. Buckle Lifters

4.1.1. Market size and forecast, by region, 2016-2026
4.1.2. Comparative market share analysis, 2018 & 2026

4.2. Pre-tensioners

4.2.1. Market size and forecast, by region, 2016-2026
4.2.2. Comparative market share analysis, 2018 & 2026

4.3. Retractors

5. Active Seat Belt System Market, by Application

5.1. Passenger Cars

5.1.1. Market size and forecast, by region, 2016-2026
5.1.2. Comparative market share analysis, 2018 & 2026

5.2. Commercial Vehicles

5.2.1. Market size and forecast, by region, 2016-2026
5.2.2. Comparative market share analysis, 2018 & 2026

6. Active Seat Belt System Market, by Region

6.1. North America

6.1.1. Market size and forecast, by Component, 2016-2026
6.1.2. Market size and forecast, by application, 2016-2026
6.1.3. Market size and forecast, by country, 2016-2026
6.1.4. Comparative market share analysis, 2018 & 2026

6.1.5. U.S.

6.1.5.1. Market size and forecast, by Component, 2016-2026
6.1.5.2. Market size and forecast, by application, 2016-2026
6.1.5.3. Comparative market share analysis, 2018 & 2026

6.1.6. Canada

6.1.6.1. Market size and forecast, by Component, 2016-2026
6.1.6.2. Market size and forecast, by application, 2016-2026
6.1.6.3. Comparative market share analysis, 2018 & 2026

6.1.7. Mexico

6.1.7.1. Market size and forecast, by Component, 2016-2026
6.1.7.2. Market size and forecast, by application, 2016-2026
6.1.7.3. Comparative market share analysis, 2018 & 2026

6.2. Europe

6.2.1. Market size and forecast, by Component, 2016-2026
6.2.2. Market size and forecast, by application, 2016-2026
6.2.3. Market size and forecast, by country, 2016-2026
6.2.4. Comparative market share analysis, 2018 & 2026
6.2.5. Germany

6.2.5.1. Market size and forecast, by Component, 2016-2026
6.2.5.2. Market size and forecast, by application, 2016-2026
6.2.5.3. Comparative market share analysis, 2018 & 2026

6.2.6. Spain

6.2.6.1. Market size and forecast, by Component, 2016-2026
6.2.6.2. Market size and forecast, by application, 2016-2026
6.2.6.3. Comparative market share analysis, 2018 & 2026

6.2.7. France

6.2.7.1. Market size and forecast, by Component, 2016-2026
6.2.7.2. Market size and forecast, by application, 2016-2026
6.2.7.3. Comparative market share analysis, 2018 & 2026

6.2.8. Italy

6.2.8.1. Market size and forecast, by Component, 2016-2026
6.2.8.2. Market size and forecast, by application, 2016-2026
6.2.8.3. Comparative market share analysis, 2018 & 2026

6.2.9. Rest of the Europe

6.2.9.1. Market size and forecast, by Component, 2016-2026
6.2.9.2. Market size and forecast, by application, 2016-2026
6.2.9.3. Comparative market share analysis, 2018 & 2026

6.3. Asia-Pacific

6.3.1. Market size and forecast, by Component, 2016-2026
6.3.2. Market size and forecast, by application, 2016-2026
6.3.3. Market size and forecast, by country, 2016-2026
6.3.4. Comparative market share analysis, 2018 & 2026
6.3.5. China

6.3.5.1. Market size and forecast, by Component, 2016-2026
6.3.5.2. Market size and forecast, by application, 2016-2026
6.3.5.3. Comparative market share analysis, 2018 & 2026

6.3.6. Japan

6.3.6.1. Market size and forecast, by Component, 2016-2026
6.3.6.2. Market size and forecast, by application, 2016-2026
6.3.6.3. Comparative market share analysis, 2018 & 2026

6.3.7. India

6.3.7.1. Market size and forecast, by Component, 2016-2026
6.3.7.2. Market size and forecast, by application, 2016-2026
6.3.7.3. Comparative market share analysis, 2018 & 2026

6.3.8. Australia

6.3.8.1. Market size and forecast, by Component, 2016-2026
6.3.8.2. Market size and forecast, by application, 2016-2026
6.3.8.3. Comparative market share analysis, 2018 & 2026

6.3.9. South Korea

6.3.9.1. Market size and forecast, by Component, 2016-2026
6.3.9.2. Market size and forecast, by application, 2016-2026
6.3.9.3. Comparative market share analysis, 2018 & 2026

6.3.10. Rest of the Asia Pacific

6.3.10.1. Market size and forecast, by Component, 2016-2026
6.3.10.2. Market size and forecast, by application, 2016-2026
6.3.10.3. Comparative market share analysis, 2018 & 2026

6.4. LAMEA

6.4.1. Market size and forecast, by Component, 2016-2026
6.4.2. Market size and forecast, by application, 2016-2026
6.4.3. Market size and forecast, by country, 2016-2026
6.4.4. Comparative market share analysis, 2018 & 2026
6.4.5. Brazil

6.4.5.1. Market size and forecast, by Component, 2016-2026
6.4.5.2. Market size and forecast, by application, 2016-2026
6.4.5.3. Comparative market share analysis, 2018 & 2026

6.4.6. Saudi Arabia

6.4.6.1. Market size and forecast, by Component, 2016-2026
6.4.6.2. Market size and forecast, by application, 2016-2026
6.4.6.3. Comparative market share analysis, 2018 & 2026

6.4.7. South Africa

6.4.7.1. Market size and forecast, by Component, 2016-2026
6.4.7.2. Market size and forecast, by application, 2016-2026
6.4.7.3. Comparative market share analysis, 2018 & 2026

6.4.8. Rest of LAMEA

6.4.8.1. Market size and forecast, by Component, 2016-2026
6.4.8.2. Market size and forecast, by application, 2016-2026
6.4.8.3. Comparative market share analysis, 2018 & 2026

7. Company Profiles

7.1. Continental Corporation

7.1.1. Business overview
7.1.2. Financial performance
7.1.3. Product portfolio
7.1.4. Recent strategic moves & developments
7.1.5. SWOT analysis

7.2. Far Europe Holding Limited

7.2.1. Business overview
7.2.2. Financial performance
7.2.3. Product portfolio
7.2.4. Recent strategic moves & developments
7.2.5. SWOT analysis

7.3. Ningbo Joyson Electronics Corp. (Key Safety Systems, inc.)

7.3.1. Business overview
7.3.2. Financial performance
7.3.3. Product portfolio
7.3.4. Recent strategic moves & developments
7.3.5. SWOT analysis

7.4. Tokai Rika Co., Ltd

7.4.1. Business overview
7.4.2. Financial performance
7.4.3. Product portfolio
7.4.4. Recent strategic moves & developments
7.4.5. SWOT analysis

7.5. Zf Friedrichshafen Ag (Zf Trw Automotive Holdings Corp.), Autoliv, Inc.

7.5.1. Business overview
7.5.2. Financial performance
7.5.3. Product portfolio
7.5.4. Recent strategic moves & developments
7.5.5. SWOT analysis

7.6. Denso Corporation

7.6.1. Business overview
7.6.2. Financial performance
7.6.3. Product portfolio
7.6.4. Recent strategic moves & developments
7.6.5. SWOT analysis

7.7. Hyundai Mobis Co Ltd. 

7.7.1. Business overview
7.7.2. Financial performance
7.7.3. Product portfolio
7.7.4. Recent strategic moves & developments
7.7.5. SWOT analysis

7.8. Takata Corporation 

7.8.1. Business overview
7.8.2. Financial performance
7.8.3. Product portfolio
7.8.4. Recent strategic moves & developments
7.8.5. SWOT analysis

In the early 1975’s, active seat belts were adopted, but there is still no concurrence for this in the Active Seat Belt System Market. Due to different drawbacks, these belts were scrapped. Seat belts have a critical function especially in the safety of passengers. Seat belts are intended to prevent passengers from being thrown out from the vehicle. The consequences of a collision are also consumed by seat belts. Often, the seatbelt stretches subtly to keep our body from colliding with any part of the car and another human suddenly. The main cause of death in vehicle crashes is death due to the ejection of uncontrolled passengers from the automobile.

Nevertheless, using a seat belt is often lacking insignificance. An adaptive seatbelt system can make a tremendous effort to ensure that the seatbelt is used. The biggest cause of road fatality is the inability of passengers to use seatbelts due to various factors such as carelessness and vehicle forgetfulness, the lack of effective regulatory regulations for wearing seatbelt and negligence of the value of seatbelt.

Segment Overview

The competitive market  of the seat belt system is divided based on component, application, and region. Buckle lifters, pretensioners, and retractors are part of the components that are included in the report. Based on the application, the market is bifurcated into Passenger Cars and Commercial Vehicles. Based on the region, it is evaluated across the U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia.

Increased awareness of automobile safety among customers

Increasing consumer safety demand will fuel the growing market development of active seat belts due to established safety benefits and requirements coupled with effective compliance. The active market for seat band systems would undoubtedly trigger strict government safety legislation and rapid innovations in the automotive industry during the forecast period.

Opportunities for investors

The growing use of active seat belts by major manufacturers such as ZF Friedrichshafen AG for enhancing consumer safety combined with huge investment by the R&D industry was expected to provide global market possibilities during the forecast period as active seatbelt program trends. However, innovations such as gear locks, interlocks, and cheat devices can create huge incentives for the successful seatbelt industry.

Limitations of market growth

The demand in successful seat belt retractor modules is largely obstructed by a high cost, along with higher vehicle costs. While vehicle companies have car seat belts, it is anticipated that the introduction of automobiles would hamper the seat belt program demand in low-income countries. The automobile industry, which in effect constrains the global market, will be driven by the high costs of new vehicles and the growing sales of second-hand automobiles.

Recent Developments

Under the Australasian New Car Assessment Program, ANCAP a form of human error results in nearly 90% of vehicle accidents, and seatbelt safety opportunities in crash conditions are improved. In fact, manufacturers are fitting automobiles with several protection features, which is increasing the growth of the industry. The market size of vehicle seat belts will increase awareness of passenger and driver health over a course of study. The belts will avoid and reduce injuries in incidents with great efficiency.

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