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Smart Seat Belt Technology Market Share

Report ID: GMI8709
Published Date: Mar 2024
Report Format: PDF

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Smart Seat Belt Technology Market Share

CONTINENTAL AG and FinDreams (BYD) held a market share of over 13% in the smart seat belt technology industry in 2023. For safety, ContiTech has also developed Smart Seat Belt Technology where it has integrated sensors into seat belts. These sensors are used to monitor occupant position, belt tension and vital signs by use of advanced algorithms which assess real time data to optimize restraint systems for individual passengers leading to reduced risk of injury in case of a collision.

FinDreams is a BYD subsidiary that is driven by the need to improve customer experience as far as passenger protection in vehicles is concerned. To achieve this goal FinDreams came up with the innovative solution named Smart Seat Belt Technology. It uses advanced seat belt-mounted sensors to continuously track different parameters such as buckle status, tension, and seat occupancy.

Smart Seat Belt Technology Market Companies

Major companies operating in the smart seat belt technology industry are:

Continental AG
FinDreams (BYD)
Samsong, GWR Safety Systems
ZF Friedrichshafen AG
ITW Safety
Joyson Safety Systems
Ashimori Industry, Co., Ltd

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of smart seat belt technology surpassed USD 21.2 billion in 2023 and is set to expand at over 6.5% CAGR between 2024 and 2032, owing to the growing demand influenced by heightened road safety concerns.

The active seat belt segment accounted for more than 47.5% revenue share in 2023, attributed to the advanced safety features that go beyond traditional passive restraints.

North America market held over 37% revenue share in 2023, due to the stringent government regulations mandating the use of advanced safety features in vehicles in the region.

Leading smart seat belt technology firms include Continental AG, FinDreams (BYD), Samsong, GWR Safety Systems, ZF Friedrichshafen AG, ITW Safety, Joyson Safety Systems, and Ashimori Industry, Co., Ltd.