The Global Automotive Airbags and Seat Belts Market was worth US$ 34.53 billion in 2022 and is anticipated to reach a valuation of US$ 50.27 billion by 2028 and is predicted to register a CAGR of 7.80% during 2023-2028.

Automotive Airbags and Seat belts most commonly work by securing an occupant into his or her seat so as not to project out of it and possibly out of the vehicle altogether when a collision occurs. Coming to Airbags work to cushion the blow upon the impact of an occupant against their vehicle. Airbags mainly protect the head and chest area of the body; these are the main factors that have considerably increased the demand for Automotive Airbags and Seat belts in the market, thereby driving the huge growth of the Automotive Airbags and Seat belts market in the upcoming years

Market Drivers and Restraints:

The main factors that have considerably increased the demand for Automotive Airbags and Seat belts in the market is mainly the huge increase in awareness regarding the significance of implementing passive safety systems, such as airbags and seatbelts, among consumers is also liable to augment market expansion. Governments, principally in emerging countries; are the main factors that have considerably increased the demand for Automotive Airbags and Seat belts in the market, thereby driving the huge growth of the Automotive Airbags and Seat belts market in the upcoming years

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The report is segmented as:

Automotive Airbags and Seat belts Market is segmented on the basis of by vehicle type; on the basis of by type; on the basis of by end-use:

* Automotive Airbags and Seat belts Market is segmented on the basis of by vehicle type into Passenger Vehicle, Commercial Vehicle

* Automotive Airbags and Seat belts Market is segmented on the basis of by type into Airbag Type (Curtain, Front, Knee, Side), Seat belt type (Two Point, Three-Point, Others)

* Automotive Airbags and Seat belts Market is segmented on the basis of by end-use into Airbag End Use, Seatbelt End Use

Geographical Segmentation:

Automotive Airbags and Seat belts Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa, and the rest of the world. North America has the dominant share in Automotive Airbags and Seat belts due to the introduce innovative airbag and seatbelt technologies are the main factors that have considerably increased the demand for Automotive Airbags and Seat belts in the North American region, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa will register a slower increase in the Automotive Airbags and Seat belts Market

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Impact of COVID-19 on the Market

Covid -19 pandemic has created huge losses in every sector across the world, and a temporary lack of growth in export and import activities, which has impacted the raise of the Automotive Airbags and Seat belts market growth. Due to covid-19 many companies has shut down and stopped their production which has decreased the availability of Automotive Airbags and Seat belts. The government restrictions like lockdowns in many countries have stopped the production of products by manufacturing companies. In recent days relaxation in restrictions by the government and people getting vaccinated to stop the spread of the coronavirus is expected to raise the Automotive Airbags and Seat belts market growth.

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