18 March 2021
Visiongain has published a new report on Automotive Airbags and Seatbelts Market Report to 2031: Forecasts By Vehicle (Light Commercial vehicles, Busses, Passenger Cars and Trucks), By Seatbelts Type (2-Point Seatbelts and 3-Points Seatbelts), By Airbag Types (Knee Airbags, Side & Curtain Airbags and Frontal Airbags), By Component (Airbag Control Unit, Airbag Inflator and Airbag), By Electric Vehicle (Hybrid Electric Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle and Plug-in Hybrid Electric Vehicle) and By Regions. PLUS Profiles of Leading Automotive Airbag and Seatbelts Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Automotive Airbag and Seatbelts market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. Over prediction, there is a lot of advancement in the vehicles such as passive safety and convenience. Witnessing increasing demand for convenient driving, Safety and technologies for ease in commuting are the key factor for automotive airbags and seatbelts market.
COVID-19 Impact on Automotive Airbag and Seatbelts Market
As Covid-19 has caused a lot of damage in various industries, it has brought automotive industry to a halt too by causing vehicle production and supply disruptions. Analysis shows that it would be a major concern for automotive OEMs for next few quarters. However, market is expected to regain after the pandemic stress comes down with the help of government rules and regulations for safety of the people. Increasing awareness among the people about serious injuries caused due to accidents, rising interest among the people for protective technologies, advanced automotive systems such as Airbags and Seatbelts.
Considering road safety and accidents prevention measures, government is imposing regulations pertaining to vehicle safety which directly benefits driver’s safety. Awareness among the people about serious injuries caused by road accidents has increased the demand and interest among the people for protective technologies, advanced automotive systems such as Airbags and Seatbelts and efficient driving experiences.
The introduction of new technology and autonomous vehicle has transformed to ease the commute. Automotive Airbag and Seatbelts technology in the market has reduced the complexity of driving having features such as Stability control, protective technologies and advanced automotive systems. Hike in demand of such technologies opens new door for the market players.
The global Automotive Airbag and Seatbelts market is dominated by big players such as Autoliv, Joyson Safety Systems, ZF Friedrichshafen, Toyota Gosei, Hyudai Mobis, Continental AG, Denso Corporation, Neaton Auto Products Manufacturing, Key Safety Systems and Robert Bosch. These companies have secured their position in the market to offer wide range of advanced protective systems. The key strategies adopted by these companies is to sustain their market position are new technology, new product development, Contract agreement and Collaborations. Autoliv was formed merging with a Swedish company Autoliv AB and the US-based Morton Automotive Safety Products, Inc. The company has two operating segments, namely, Electronics and Passive Safety. Autoliv completed its first unique crash test with a concept of airbag for e-scooters in January 2020. Results indicated that the e-scooter airbag reduces injuries to an e-scooter rider's head and chest. Moreover, a new front-center airbag that is designed to save lives in side-impact crash situations has also developed by the company for safety purpose.
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