Technavio, a tech-focused market research firm, has published a new report on the global automotive active seat belt system market, which is expected to grow at a CAGR of close to 13% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global automotive active seat belt system market into the following key regions: the Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global automotive active seat belt systems market are elaborated below
Automotive active seat belt system market in the Americas: North America is the predominant contributor to the active seat belt system market in the Americas and at a global level as well. The drive toward autonomous vehicles in the US coupled with the revision in NCAP ratings with increased priority on safety are expected to propel the growth of the automotive active seat belt system market in the Americas during the forecast period.
According to Siddharth Jaiswal, a lead analyst at Technavio, specializing in research on automotive manufacturing, “The US government’s drive to curb road fatalities may fuel the adoption of active seat belts if marketed accordingly by the OEMs and suppliers. Active seat belt systems vibrate or tighten and can help prevent fatal accidents by alerting the driver during times of driver distraction, leading to market growth in the US.”
Automotive active seat belt system market in EMEA: The market’s growth in EMEA is attributable primarily to the presence of automakers such as BMW, Audi, and Mercedes-Benz in the region. The market for automotive active seat belt systems is projected to experience significant growth during the forecast period owing to rapid penetration of active seat belt systems in Europe owing to the region’s car market standardizing the product in several car variants.
Automotive active seat belt system market in APAC: China, being a key market for all luxury brands such as Audi, Mercedes-Benz, and BMW, is a lucrative market for players offering active seat belt systems. Japan and South Korea are some of the key revenue generating countries in the automotive active seat belt system market in APAC.
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The top vendors operating in the global automotive active seat belt system market are:
- Autoliv
- Continental
- ZF TRW
Other prominent vendors in the market include Bosch, DENSO, Far Europe, HYUNDAI MOBIS, Iron Force Industrial, ITW Safety, Key Safety Systems, Special Devices, Takata, and Tokai Rika.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Active Seat Belt Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Parental Control System Market 2016-2020
- Global Automotive Smart Seating Systems Market 2016-2020
- Global Automotive Surround View Systems Market 2016-2020
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