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What are the recent trends in market size and growth for the automotive airbags and seatbelts market?
The automotive airbags and seatbelts market size has grown strongly in recent years. It will grow from $34.62 billion in 2024 to $37.49 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to rising awareness of vehicle safety, automobile industry growth, consumer demand for enhanced safety features, and increasing road traffic and accidents.
The automotive airbags and seatbelts market size is expected to see strong growth in the next few years. It will grow to $50.86 billion in 2029 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to the increasing adoption of advanced driver assistance systems, rising focus on occupant safety, increasing road traffic and urbanization, enhanced safety ratings and crash test results, and increased vehicle production. Major trends in the forecast period include technological advancements, integrated child safety features, adoption of advanced airbag systems, lightweight and sustainable materials, and integration of interlock systems.
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How have varous drivers impacted the growth of the automotive airbags and seatbelts market?
Rising vehicle production is expected to propel the growth of the automotive airbags and seatbelts market going forward. The rise in vehicle production is fueled by rising demand for electric and hybrid vehicles, alongside the emerging trend of autonomous vehicles set to transform the Transport & Logisticsation sector. Automotive airbags and seatbelts are essential safety features in vehicles, designed to minimize injury risks by restraining occupants and cushioning impacts during accidents. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based lobbying and standards group of the automobile industry, in 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% growth compared to the previous year. Therefore, rising vehicle production will drive the growth of the automotive airbags and seatbelts market.
What are the primary segments of the automotive airbags and seatbelts market?
The automotive airbags and seatbelts market covered in this report is segmented –
1) By Airbag Types: Frontal Airbags, Knee Airbags, Side Or Curtain Airbags
2) By Seatbelt Type: 2 Point, 3 Point, 5 Point, Other Seatbelt Types
3) By Vehicle Types: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCVS)
4) By Sales Channels: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Frontal Airbags: Driver Airbags, Passenger Airbags, Dual-Stage Frontal Airbags, Smart Or Adaptive Frontal Airbags
2) By Knee Airbags: Driver Knee Airbags, Passenger Knee Airbags, Side-Mounted Knee Airbags
3) By Side Or Curtain Airbags: Side-Impact Airbags, Curtain Airbags For Head Protection, Thorax And Pelvic Side Airbags, Inflatable Side Tubes And Side-Curtain Inflatable Structures
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Which firms are leading the automotive airbags and seatbelts market?
Major companies operating in the automotive airbags and seatbelts market are Robert Bosch GmbH, DENSO Corporation, ZF Friedrichshafen AG, Continental AG, The Hyundai Motor Group, Mitsubishi Electric Corporation, Faurecia SE, Lear Corporation, Aptiv Plc., Autoliv Inc., Toyoda Gosei Co. Ltd., Tokai Rika Co. Ltd., Daicel Corporation, TS Tech Co. Ltd., Nihon Plast Co. Ltd., Key Safety Systems (KSS), Ashimori Industry Co. Ltd, Nihon Tokushu Toryo Co. Ltd., Delphi Automotive, Goradia Industries, Far Europe Holding Limited, Hayakawa Rubber Company
How will industry trends affect the trajectory of the automotive airbags and seatbelts market?
Major companies operating in the automotive airbags and seatbelts market are focusing on developing smart seat belt technology to enhance vehicle safety, improve occupant protection, and comply with evolving regulatory standards. Smart seat belt technology refers to advanced systems integrated into seat belts that enhance safety and functionality beyond traditional restraints. For instance, in January 2024, ZF Friedrichshafen AG, a Germany-based technology manufacturing company, introduced an innovative smart seat belt technology featuring the multi-stage load limiter (MSLL) that significantly improves the adaptability of belt force limitations based on the size and body weight of vehicle occupants. The MSLL enables individual system adjustments to help reduce the consequences of accidents for all occupants and enables car manufacturers to meet the increased requirements of the NCAP Roadmap 2030. The system has a multi-stage design that varies restraining forces more effectively throughout the entire crash sequence, ensuring a tailored response to individuals of different statures by controlling belt forces appropriately.
Which geographic trends are shaping the automotive airbags and seatbelts market, and which region has the highest market share?
Asia-Pacific was the largest region in the automotive airbags and seatbelts market in 2023. The regions covered in the automotive airbags and seatbelts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Automotive Airbags And Seatbelts Market Report 2025 Offer?
The automotive airbags and seatbelts market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Automotive airbags and seatbelts are crucial safety features in vehicles designed to protect occupants during collisions. Airbags rapidly inflate to cushion and reduce the impact force, while seatbelts restrain occupants to prevent them from being thrown forward. Together, they significantly enhance passenger safety by minimizing injuries in accidents.
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