Automotive Seat Belt Sensor Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR44970
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The automotive seat belt sensor market share is expected to increase by 34.26 million units from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 3.20%.

This automotive seat belt sensor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (passenger cars and commercial vehicles) and geography (Europe, APAC, North America, South America, and MEA). The automotive seat belt sensor market report also offers information on several market vendors, including Allegro MicroSystems LLC, Amphenol Corp., CTS Corp., Hesham Industrial Solutions, InterMotive Inc., Littelfuse Inc., Lockliv Holdings Pty Ltd., Nanjing Momao Electronic Technology Co. Ltd., Standex International Corp., and TE Connectivity Ltd. among others.

What will the Automotive Seat Belt Sensor Market Size be During the Forecast Period?

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Automotive Seat Belt Sensor Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The improvising occupant safety across value chain is notably driving the automotive seat belt sensor market growth, although factors such as malfunctioning of seat belt sensor may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive seat belt sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Seat Belt Sensor Market Driver

The improvising occupant safety across the value chain is one of the primary growth factors for the automotive seat belt sensor market. Increasing focus on passenger safety is influencing automobile manufacturers to adopt passive and active safety systems. Supported by regulatory mandates and increasing consumer awareness on automobile safety, safety systems are mandatorily integrated into every vehicle as standard components. Passive safety systems such as airbags, airbag sensors, seat belts, and other safety products account for 40% of the market. 

Key Automotive Seat Belt Sensor Market Trend

The seat belt sensors to counter driving accidents due to drowsiness is identified to be one of the key trends positively impacting the automotive seat belt sensor market. Key manufacturer Harken has developed a sensor system that detects drowsiness of the person even before the appearance of symptoms of fatigue and drowsiness. This system contains a seat belt sensor, a signal processing unit for crunching the sensor data in real-time, and a seat cover sensor, and it is built into the seat covers and seat belts. High-end cars are already deployed with sensor systems that can detect driver fatigue and reduce the number of accidents and deaths.

This automotive seat belt sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Automotive Seat Belt Sensor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allegro MicroSystems LLC
  • Amphenol Corp.
  • CTS Corp.
  • Hesham Industrial Solutions
  • InterMotive Inc.
  • Littelfuse Inc.
  • Lockliv Holdings Pty Ltd.
  • Nanjing Momao Electronic Technology Co. Ltd.
  • Standex International Corp.
  • TE Connectivity Ltd.

 

This statistical study of the automotive seat belt sensor market encompasses successful business strategies deployed by the key vendors. The automotive seat belt sensor market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive seat belt sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Seat Belt Sensor Market?

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42% of the market’s growth will originate from APAC during the forecast period. China is a key market for automotive seat belt sensors in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

The rising awareness levels on safety features will facilitate the automotive seat belt sensor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Automotive Seat Belt Sensor Market?

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The automotive seat belt sensor market share growth by the passenger cars segment will be significant during the forecast period. The penetration of passenger cars is expected to grow steadily, and the adoption of seat belt sensors in these vehicles will drive this market during the forecast period. The rising adoption of premium vehicles is crucial for the global automotive seat belt sensor market because they contribute high revenue owing to the adoption of advanced safety features in the vehicles. Moreover, the increase in disposable incomes is fueling the adoption of luxury cars. Hence, the increased penetration of luxury cars will push the revenue growth for the global passenger car seat belt sensor market.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive seat belt sensor market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Seat Belt Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3.20%

Market growth 2021-2025

34.26 mn units

Market structure

Fragmented

YoY growth (%)

2.75

Regional analysis

Europe, APAC, North America, South America, and MEA

Performing market contribution

APAC at 42%

Key consumer countries

China, US, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Allegro MicroSystems LLC, Amphenol Corp., CTS Corp., Hesham Industrial Solutions, InterMotive Inc., Littelfuse Inc., Lockliv Holdings Pty Ltd., Nanjing Momao Electronic Technology Co. Ltd., Standex International Corp., and TE Connectivity Ltd.

Market dynamics

Parent market analysis, 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 the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Seat Belt Sensor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive seat belt sensor market growth during the next five years
  • Precise estimation of the automotive seat belt sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive seat belt sensor industry across Europe, APAC, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive seat belt sensor market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Passenger cars - Market size and forecast 2020-2025
    • Commercial vehicles - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Allegro MicroSystems LLC
      • Amphenol Corp.
      • CTS Corp.
      • Hesham Industrial Solutions
      • InterMotive Inc.
      • Littelfuse Inc.
      • Lockliv Holdings Pty Ltd.
      • Nanjing Momao Electronic Technology Co. Ltd.
      • Standex International Corp.
      • TE Connectivity Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The automotive seat belt sensor market growth will increase by $34.26 million units during 2020-2025.
      The automotive seat belt sensor market is expected to grow at a CAGR of 3.20% during 2020-2025.
      Technavio has segmented the automotive seat belt sensor market by application (Passenger cars and Commercial vehicles) and geographic (Europe, APAC, North America, South America, and MEA).
      Allegro MicroSystems LLC, Amphenol Corp., CTS Corp., Hesham Industrial Solutions, InterMotive Inc., Littelfuse Inc., Lockliv Holdings Pty Ltd., Nanjing Momao Electronic Technology Co. Ltd., Standex International Corp., TE Connectivity Ltd. are a few of the key vendors in the automotive seat belt sensor market.
      APAC will register the highest growth rate of 42.15% among the other regions. Therefore, the automotive seat belt sensor market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the automotive seat belt sensor market growth are:
      • Improvising occupant safety across value chain
      The automotive seat belt sensor market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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