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Based on the application, the market is divided into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to register a CAGR of over 10% during the forecast period.
Based on the component, the active seat belt systems market is divided into retractors, pretensioners, and buckle lifters. The demand for pretensioners is set to reach over USD 16.5 billion by 2032.
Asia Pacific active seat belt system market size to expand at around 10% CAGR through 2032, due to increasing awareness of road safety and stringent regulations promoting vehicle safety standards. Rapid urbanization and rising disposable incomes are driving demand for advanced automotive technologies. Moreover, the region's expanding automotive industry and growing adoption of electric vehicles are anticipated to further propel market expansion. These factors collectively contribute to the projected growth of the market in Asia Pacific.
The market size of active seat belt systems crossed USD 14.5 billion in 2023 and is set to witness 8.5% CAGR from 2024 to 2032, owing to the rise in passenger vehicle registrations worldwide.
The passenger cars segment is expected to surpass 10% CAGR through 2032, due to continuous advancements in active seat belt technology, including the integration of smart sensors and AI algorithms to enhance system responsiveness and accuracy.
Asia Pacific market is projected to register over 10% CAGR till 2032, attributed to increasing awareness of road safety and stringent regulations promoting vehicle safety standards in the region.
Autoliv Inc, Continental AG, DENSO CORPORATION, Joyson Group, and TOKAIRIKA, CO, LTD, are some of the major active seat belt systems companies worldwide.