Automotive Active Seat Belt System Market by Application, Type, and Geography - Forecast and Analysis 2023-2027

Automotive Active Seat Belt System Market Forecast 2023-2027

The automotive active seat belt system market size is estimated to grow by USD 1.94 billion at a CAGR of 6.3% between 2022 and 2027.

Rising concerns over emissions from fossil fuel-based vehicles have spurred global interest in Electric Vehicles (EVs). Volatility in oil and gas prices further accelerates this shift towards EVs, enhancing energy security, fuel economy, and reducing emissions. Government policies and technological advancements bolster this trend. Increasing air pollution's health impacts drive consumers and governments worldwide towards cleaner transportation options. With lower greenhouse gas emissions compared to Internal Combustion Engine (ICE) vehicles, EVs witness rising adoption rates and sales, as demonstrated by BMW's significant increase in electric vehicle sales. This surge in EV demand is expected to propel the automotive active seat belt systems market during the forecast period.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, View Report Sample

Market Segmentation

This market report extensively covers market segmentation by Application (passenger cars, light commercial vehicles, and heavy commercial vehicles ), Type (three-point, four-point and above, and two-point), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Application

The market share growth by the passenger cars segment will be significant during the forecast period. In recent years, the passenger car segment dominated global auto sales in terms of volume. The demand for passenger cars is increasing due to rapid urbanization and increasing disposable income. People living in emerging economies like Brazil, India, China, and South Africa, as well as Middle Eastern countries like the United Arab Emirates, Qatar, and Saudi Arabia, have increased disposable incomes, mainly due to strong economic growth. The increase in disposable income fuels the growth of the passenger car segment in these countries. As a result, the increase in demand for passenger cars drives the demand for active systems in cars.

Get a glance at the market contribution of various segments View the PDF Sample

The passenger cars segment was valued at USD 3.23 billion in 2017 and continued to grow until 2021. Passenger cars are more popular in North America and Europe, with countries like the United States contributing significantly to the growth of passenger cars. While in the Asia-Pacific, rapid economic growth in countries like China and India is increasing people's per capita income. This increases the purchasing power of consumers, which in turn leads to a steady increase in sales of passenger cars. Luxury vehicles also saw significant sales growth in Asia-Pacific, with most of the demand coming from emerging markets, such as China and India. Global passenger vehicles have grown by 26.66% in 2021 amid challenges, such as semiconductor shortages and partial blockades. As a result, the increasing global production of automobiles will drive the demand for auto components such as active systems for cars which in turn will drive the market during the forecast period. 

Regional Analysis

For more insights on the market share of various regions Download PDF Sample now!

APAC is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Countries such as China, Japan, Korea, and India, with high demand for commercial vehicles, are contributing to the growth of the market in the APAC region. In addition, developed auto markets such as Japan, Korea, and Australia are the leading auto export markets in APAC. The growth in sales of commercial vehicles and their related parts and components was largely due to a boom in manufacturing and logistics through improved modes of ground transportation. In addition, the production of active systems for automobiles in APAC is highly dependent on the production and sales of commercial vehicles, as well as the growing demand for the production of automotive components for export. Both India and China have large manufacturing industries that are mainly geared towards export-oriented manufacturing. Low wages and easy human resources, raw materials, and related transportation services, as well as the low value of local currencies, boost manufacturing in these countries. This will spur them to offer more differentiated products, including active systems for cars, which in turn will drive market growth in the region during the forecast period. 

Market Dynamics and Customer Landscape

The market is crucial in ensuring vehicle occupant protection and compliance with automotive safety regulations and standards. With increasing emphasis on seat belt compliance, manufacturers are focusing on developing advanced systems that not only meet seat belt regulations but also enhance automotive safety technology. The market encompasses various aspects, including seat belt installation, maintenance, and upgrades to ensure optimal functionality and adherence to seat belt certification standards. Moreover, automotive safety ratings play a significant role in driving consumer demand for vehicles equipped with active seat belt systems, further fueling market growth. The increasing demand for luxury vehicles is notably driving the market growth, although uncertainty in the automotive industry may impede the market growth.  Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The market is notably propelled by the escalating demand for luxury vehicles, particularly high-performance models, reflecting a shift in consumer preferences. Driven by a desire for premium comfort and enhanced in-vehicle functionality, the market's design direction is set for evolution over the coming decade. The popularity of luxury sport utility vehicles (SUVs) has surged in recent years and is expected to remain robust in the forecast period. Renowned for their off-roading capabilities and superior traction control across diverse terrains, SUVs mitigate road shock effectively. Moreover, emerging markets like China and India witness a rising appetite for luxury vehicles, bolstered by stable economic conditions and increasing disposable incomes. In India, for instance, luxury vehicle sales surged by about 50% in 2022, reaching between 37,000 to 38,000 units. Consumers in these regions prioritize luxury cars equipped with advanced safety features and comfort amenities.

The growing demand for upscale vehicles, including luxury cars, accentuates the necessity for active safety products to ensure optimal occupant safety. Leading suppliers such as Continental and Autoliv offer a range of active systems tailored for passenger cars. Consequently, the upward trajectory in luxury vehicle demand is poised to drive the market forward during the forecast period.

Significant Market Trends

A prominent trend shaping market dynamics is the increasing integration of advanced features, aimed at enhancing automotive safety applications and augmenting vehicle occupant protection. Manufacturers are leveraging these advancements to enhance car seat belts, with innovations like built-in collision detection offered by Bosch. This feature enables quicker and more reliable activation of safety mechanisms, initiating just 25 milliseconds after impact by utilizing sensor data from the vehicle's surroundings. This approach optimizes collision algorithms by utilizing pre-event information, facilitating early and precise assessment of accident severity and characteristics.

Furthermore, vehicle manufacturers are introducing active systems that provide haptic warnings to occupants during hazardous situations. By incorporating these advanced features, user safety is significantly improved, consequently propelling market growth during the forecast period.

Major Market Challenge

Market growth faces challenges amid uncertainty in the automotive industry, particularly stemming from the ongoing conflict between Russia and Ukraine. The global automotive sector is grappling with several adverse effects due to this war, including heightened costs of various raw materials essential for car production. Disruptions in the supply chain have resulted from the conflict, hindering the sourcing of spare parts from both Russia and Ukraine. Additionally, soaring energy prices and the scarcity of critical components like semiconductors further impede vehicle manufacturing processes. Major car manufacturers with operations in Russia, such as Volkswagen, Skoda Auto, and BMW, have suspended production due to sanctions imposed by Western countries.

These disruptions at auto plants exacerbate existing supply chain challenges, impacting auto exports and vehicle production. Consequently, the prevailing uncertainty in the automotive industry adversely affects both production and sales of automobiles, thus constraining market growth during the forecast period.

Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Automotive Active Seat Belt System Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Ashimori Industry Co. Ltd: The company offers automotive seatbelts, steering wheels, airbags, tonneau covers, manual shades,  electric sunshades, and separation nets.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

• Autoliv Inc.
• Continental AG
• Daicel Corp.
• DENSO Corp.
• E. Oppermann Mech. Gurt und Bandweberei GmbH
• GWR
• Hesham Industrial Solutions
• Hyundai Motor Group
• Infineon Technologies AG
• ITW Automotive Products GmbH
• Joyson Safety Systems Aschaffenburg GmbH
• KSS Abhishek Safety Systems Pvt. Ltd.
• MG Seating Systems Pvt. Ltd.
• Motorlamp Auto Electrical Pvt. Ltd.
• Robert Bosch GmbH

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The market is witnessing significant growth driven by advancements in vehicle safety and automotive technology. Active safety systems, including innovative seat belt technology, play a crucial role in crash prevention and collision avoidance. These systems incorporate seat belt sensors, seat belt retractors, seat belt pre-tensioners, and seat belt buckles to enhance passenger safety. Advanced features such as seat belt alerts, seat belt reminders, and seat belt monitoring ensure seat belt compliance with seat belt regulations and seat belt standards.

Manufacturers focus on seat belt comfort and seat belt effectiveness while adhering to automotive safety ratings and crash seat belt testing protocols. With continuous seat belt advancements in automotive safety technology, active seat belt systems are increasingly integrated into vehicles to enhance occupant safety and minimize the risk of injuries during accidents. As automotive safety regulations evolve, the market for active seat belt systems continues to expand, driving demand for seat belt certification, seat belt installation, seat belt maintenance, and seat belt upgrades in passive safety systems.

The market is witnessing significant growth driven by advancements in automotive safety features and standards. Active seat belts, integrating seat belt detection and adjustment, enhance vehicle occupant safety during potential accidents. Utilizing environmental sensors, radar, and braking control sensor information, these systems respond dynamically to dynamic driving situations, reducing the risk of fatality and injury. Key players like DENSO Corporation and PiNTeam Holding GmbH are pioneering essential software and electronic control units (ECUs) to maximize efficiency. Additionally, the adoption of fossil-free steel components by global steel company SSAB ensures compliance with automotive safety norms, fostering increased consumer awareness and safety standards in automotive restraint systems.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook 
  • Passenger cars
  • Light commercial vehicles
  • Heavy commercial vehicles

• Type Outlook 
  • Three-point
  • Four-point and above
  • Two-point

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Automotive Active Seat Belt System Market Scope
Report Coverage	Details
Page number	171
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 6.3%
Market growth 2023-2027	USD 1.94 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	5.4
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 40%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Ashimori Industry Co. Ltd., Autoliv Inc., Continental AG, Daicel Corp., DENSO Corp., E. Oppermann Mech. Gurt und Bandweberei GmbH, GWR, Hesham Industrial Solutions, Hyundai Motor Group, Infineon Technologies AG, ITW Automotive Products GmbH, Joyson Safety Systems Aschaffenburg GmbH, KSS Abhishek Safety Systems Pvt. Ltd., MG Seating Systems Pvt. Ltd., Motorlamp Auto Electrical Pvt. Ltd., Robert Bosch GmbH, Seatbelt Solutions LLC, Tokai Rika Co. Ltd, Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF Friedrichshafen AG
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

View PDF Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch