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Automotive Seat Belts Market Trends

Report ID: GMI1944
Published Date: May 2024
Report Format: PDF

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Automotive Seat Belts Market Trends

The proliferation of new vehicle models and segments, along with the incorporation of Advanced Driver Assistance Systems (ADAS) and autonomous driving technologies, creates opportunities for seat belt suppliers to provide tailored solutions that meet the specific requirements of different vehicle types and market segments. The integration of smart technologies into seat belts is a growing trend. Smart seat belt systems incorporate sensors and connectivity features to monitor occupant behavior, detect potential collision scenarios, and provide real-time feedback & alerts to drivers and passengers. These systems contribute to improved safety awareness and accident prevention in vehicles.

Seat belts are being increasingly integrated with active safety systems such as Electronic Stability Control (ESC), collision avoidance systems, and Autonomous Emergency Braking (AEB). By utilizing these systems, seat belts can optimize restraint performance in anticipation of imminent collisions, contributing to enhanced vehicle safety and crash avoidance capabilities.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive seat belts reached USD 19.4 billion in 2023 and is set to witness 5.2% CAGR from 2024 to 2032, due to the increasing production and sales of automotive vehicles.

The three-point seat belts type segment accounted for USD 16 billion in revenue in 2023, owing to their safety performance and effectiveness.

The passenger cars segment in the automotive seat belts industry accounted for 42% market share in 2023, on account of the growing concerns related to rising number of road accidents and fatal injuries.

North America market accounted for USD 4.3 billion in revenue in 2023, attributed to the stringent safety regulations and standards mandated by government agencies.