The global automotive smart belt system market is anticipated to grow at a considrerable CAGR during the forecast period (2022-2028). Increased companies’ focus on safety improvements and safety features in their vehicles are expected to drive the market in the future. Leading automotive company Mercedes introduced technology to buckle seat belts to the rear seats. The seat belt includes an electric motor that extends the belt out of the seat, as the back door opens.
The rising adoption of technologically advanced seat belts in developed and developing countries due to the growing demand for luxury cars is expected to further drive the market growth. The belts act as small airbags and protect the rear passengers to avoid head injuries caused by the front seats in the event of an accident. Its acts as a pillow for the soft bones of adults and children, helping to prevent fractures or fractures of the collar bones. The growing demand for fitted seat belts in passenger cars, especially in luxury cars, is expected to boost the growth of the automotive smart belt system market.
In January 2020, in India, Telangana, the Four-Wheeler Drivers Association has relaunched its selfie with a seat belt campaign. The campaign aims to promote security and is expected to boost the market growth.
Further, in September 2019, Hyundai Mobis upgraded the new Safety Integrated Control Module which combines two different electronic control modules with electronic seat belts and airbags into one unit enhancing the efficiency and reliability of these devices. Such market developments are again contributing to the market growth.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-user
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape-Hyosung, Key Safety Mobis Co. Ltd., Hyundai Mobis Co. Ltd., Toyoda Gosei CO. Ltd., and Tokai Rika, among others.
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Global Automotive Smart Belt System Market Report by Segment
By Type
- Anti-Fatigue Driving
- Zero Pressure
- Others
By End-user
- Light Truck
- Heavy Truck
- Passenger Car
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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