- The key vendors in the global automotive WHIPS market 2015-2019 are Autoliv Inc., GRAMMER AG, Lear Corp., Toyota Motor Corp., and Volvo Group (AB Volvo).
London, 26 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global automotive whiplash protection system market 2015-2019. Since road fatalities are on the rise, many developing countries are changing their vehicle safely regulations as per Euro NCAP and US NCAP standards. Increasing government concerns about passenger safety is a major trend that drives market growth of the global automotive WHIPS market. The global automotive whiplash protection system market is expected to grow at a CAGR of 11.70% for the forecast period of 2014-2019.
Market growth of the global automotive whiplash protection system market is driven by the need for better safety systems in both entry-level cars and luxury cars. These advanced passive safety systems such as WHIPS provide protection to both passengers and drivers from neck and spinal injuries during accidents.
“With continuous changes in safety regulations and stringent crash test ratings, manufacturers are continually developing new and advanced head restraints and seats to ensure enhanced passenger and driver protection,” says Faisal Ghaus, Vice President of Technavio Research.
“Whiplash protection tests have also been incorporated in international car assessment tests conducted by Euro NCAP to provide safety ratings to vehicles.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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