Automotive Airbag Market worth $23.6 Billion & Seat Belt Market worth $9.0 Billion by 2019


Posted February 21, 2017 by sujand

Automotive passive safety systems have evolved from seatbelts and airbags to occupant sensing and other efficient automotive passive safety systems.

 
The report “Automotive Airbag and Seat Belt Market for Passenger Cars - A Global Analysis: by Geography - Trends and Forecasts 2014 - 2019”. This report classifies and defines automotive airbag and seatbelt market in terms of volume and value. The report highlights potential growth opportunities in the coming years as well as covers review of the – market drivers, restrains, growth indicators, challenges, legislation trends, market dynamics, competitive landscape, and other key aspects W.R.T. automotive active safety systems market.

Browse 70 market tables and 46 figures spread through 271 slides and in-depth TOC on "Automotive Airbag and Seat Belt Market for Passenger Cars - A Global Analysis: by Geography - Trends and Forecasts 2014 - 2019"

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The Asia-Pacific region includes developing countries such as China, India, and Thailand. Factors such as adoption of safety regulations by governments/agencies and the increase in the vehicle sales & safety installations per vehicles are accelerating the demand of automotive airbag and seatbelt. Automotive airbag and seatbelt companies such as Denso Corporation (Japan), Takata Corporation (Japan), and Toyoda Gosei (Japan) are the dominant players in this region which are anticipated to drive the demand for the automotive airbag and seatbelt. Apart from these, the global players such as Autoliv (Sweden), Robert Bosch (Germany), and TRW Automotive (U.S.) have their presence in the Asia-Pacific region, which is also expected to influence the market demand for automotive airbag and seatbelt.

Automotive passive safety systems are growing at a significant rate in Asia-Pacific and the ROW regions because of the increase in their purchasing power, high standard of living, growth in GDP, growing vehicle sales and increase in government’s regulatory actions for safety. However, in North America and Europe, the airbag and seatbelt market is established and is growing along with increasing vehicle sales. Developing countries like India, China, Russia, Brazil, and Mexico are expected to have high growth rate in the demand for automotive airbag and seatbelt market from 2014 to 2019.

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The Americas region comprises the U.S., Mexico, Brazil, Canada, and others. Mexico and Brazil are the emerging economies in this segment. The United States New Car Assessment Program (US NCAP) is a flagship consumer information program of the U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSAIn the coming years,US NCAP will adjust its rating system to reflect the improvements in the safety features in the U.S. vehicles. This will make it more stringent for a vehicle to achieve top ratings, thus encouraging manufacturers to produce vehicles exceeding the minimum federal safety requirements. This is expected to positively affect the airbag and seatbelt market. Safety systems suppliers such as TRW Automotive (U.S), Takata Corporation (Japan), Robert Bosch GmbH (Germany), and Autoliv Inc. (Sweden) have a major presence in the Americas region.

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Contact Email [email protected]
Issued By Sujan
Website Automotive Airbag Market
Country United States
Categories Automotive
Tags Automotive Airbag Market
Last Updated February 21, 2017