Global Automotive Airbags & Seatbelts Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2028

“Global Automotive Airbags & Seatbelts Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global Automotive airbags & seatbelts market report has been segmented on the basis of airbag type, seatbelt type, vehicle type, and region.

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Global Automotive Airbags & Seatbelts Market: Overview

Automotive airbag & seatbelts are used in vehicles to facilitate safety by saving lives of passengers and drivers during accidents.

Global Automotive Airbags & Seatbelts Market: Dynamics

increasing automobile production is influencing the airbag and seatbelt systems to enhance technologies. For instance, US-based Joyson Safety Systems is engaged in manufacturing and supplying improved Inflatable Seat Belts and rear seat belts to Ford Motor Company. Moreover, rising demand for safety features in vehicles is pressurizing the OEMs to equip vehicles with advanced airbag systems and seatbelts. In addition, easy retrofitting of these systems is also projected to drive automotive airbag and seatbelt market. Furthermore, rapid urbanization, increasing spending power, and rising standard of living are some factors expected to contribute for growth of the target market. In addition, factors such as, increasing research and development activities related to safety equipment that minimize the chances of accidents along with government regulations pertaining to vehicle safety are also anticipated to fuel growth of the target market.

Recent trend observed in the target market is governments of various countries are taking numerous initiatives to enhance safety awareness among individuals.

Global Automotive Airbags & Seatbelts Market: Segment Analysis

Among the airbag type segments, the Side & curtain airbags segment is projected to hold major share in the target market over the forecast period.

Among the seatbelt type segments, the three-point seatbelt segment is accounts for major share to the global market

Among the vehicle type segments, the passenger vehicle segment is anticipated to drive target market segment in the target market.

Automotive Braking Component Market: Region Analysis

The market in Asia Pacific accounts for major share in the global market in terms of revenue and is estimated to maintain its dominance over the forecast period. Increasing government initiatives and stringent regulations and mandates regarding vehicle safety standards are estimated to create lucrative opportunity for growth of the target market in this region. Emerging countries such as India, China, and Thailand are focusing to implement road safety regulations to lower the number of fatalities caused due to road accidents. Recently, Ministry of Road Transport and Highways is a ministry of the Government of India announced all manufactured vehicle must install safety features from 1^st July 2019 to control the issues pertaining to over speeding and other consequences. These safety features include seat belt reminders, front airbags, speed alert, and parking systems.

The market in North America accounts for significant revenue share in the global market and is expected to witness considerable growth over the next 10 years. This is attributed to stringent regulations regarding road and vehicle safety in the US and Canada. Moreover, the markets in Europe and Middle East & Africa are also estimated to witness moderate growth rate over the forecast period.

Global Automotive Airbags & Seatbelts Market Segmentation

Segmentation by Airbag Type:

• Frontal Airbags
• Knee Airbags
• Side & Curtain Airbags

Segmentation by Seatbelt Type:

• Two-Point Seatbelt
• Three-Point Seatbelt

Segmentation by Vehicle Type:

• Commercial Vehicle
• Passenger Vehicle
• Electric Vehicle

Segmentation by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa