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Smart Seat Belt Technology Market Trends

Report ID: GMI8709 Published Date: March 2024Report Format: PDF
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Smart Seat Belt Technology Market Trends

The demand for intelligent seatbelt technology is driven by developments in the auto industry, particularly the increasing focus on vehicle safety and Advanced Driver Assistance Systems (ADAS). As automakers continue to implement more stringent safety regulations in their bid to improve vehicles’ safety features, there has been a growing demand for smart seat belts. The latter offers safety advantages such as pre-tensioning during crash, occupant classification for optimizing airbag deployment, and reminding users about belting themselves up.

The growing need for intelligent seatbelts is changing trends in the automotive sector especially towards vehicle security and ADAS. For instance, as car companies adopt stricter safety rules to enhance the safety features of cars, there has been an increase in demand for intelligent seat belts. These provide the following advantages as far as safety is concerned; pre-tensioning during crash, occupant classification for optimizing airbag deployment and reminding users about belting themselves up.

Author: Suraj Gujar, Sandeep Ugale
Frequently Asked Question(FAQ) :

What is the size of the smart seat belt technology market?+

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.

Why is the demand for active seat belts increasing? +

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.

Who are the major participants in the smart seat belt technology market?+

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.

How big is the North America smart seat belt technology industry?+

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.

Smart Seat Belt Technology Market Scope

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