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The global automotive passive safety system market is estimated to grow at a CAGR of 3.5% in the forecast period of 2024-2032.
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The growing demands for seatbelts at a significant pace are contributing to the market development of automotive passive safety system. The increasing understanding of the importance of seatbelts and the expanding concerns towards the safety of drivers and passengers are further propelling the market growth. The growing adoption of seatbelts as a part of the passive safety system is also bolstering the expansion of the market. This can be attributed to their role in keeping the passengers in the correct position during an accident, hence reducing the impact of the vehicle on the body. Further, the advancements in the manufacturing of seatbelts which includes belt extension and belt control to provide optimum customer experience and ensure their safety, are augmenting the market growth.
The increasing number of vehicles on the European roads are providing impetus to the market growth. Further, the increasing road traffic and government initiatives with the vision of working towards zero traffic fatalities are fuelling the market growth in the region. Meanwhile, the Asia Pacific region is also projected to hold a substantial market share because of the development of the automotive industry and the strong foothold of manufacturers in the region, particularly in developing countries such as China and India. In addition, the increasing demands for vehicles owing to the rapid urbanisation and growing population is expected to significantly catalyse the market growth in the forecast period.
The automotive passive safety system is a safety feature that gets automatically deployed during an accident. The passive safety system reduces the damage and risk of injury and protects the vehicle's occupants. The system includes seatbelts, steering vehicles, and airbags, among others. The airbags get into action when the car decelerates beyond braking speed. The steering protects the driver from road shocks and provides stability to the vehicle on the road.
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The market for automotive passive safety system, by product type, is divided into:
Based on vehicle type, the market is segmented into:
On the basis of end user, the market is classified into:
The regional markets for automotive passive safety system can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The increasing demand for automotive, particularly passenger vehicles, is driving the market growth of automotive passive system due to the rising young population and middle-class income. In addition, the expanding production of vehicles to meet the demands is also propelling the market growth. Also, the growing environmental consciousness is shifting the focus towards electric vehicles, thereby bolstering the passive safety system industry.
Moreover, the stringent government regulations regarding road safety owing to the rising incidences of road accidents is boosting the market growth. For instance, in February 2023, the Government of India made three-point seat belts for front-facing and rear seats mandatory in order to offer better protection to the occupants compared to two-point seat belts. The technological advancements and the investments made by the industry players in enhancing the features of the automotive passive safety system, which is anticipated to impel the market growth in the forecast period.
The report gives a detailed analysis of the following key players in the global automotive passive safety system market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Vehicle Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive passive safety system market is estimated to grow at a CAGR of 3.5% between 2024 and 2032.
The major market drivers include growing demand for automotive, development of automotive industry, rising production and sales of vehicles, and the increasing cases of road accidents.
The key industry trends guiding the growth of the industry include technological advancements and the stringent government regulations to reduce the death toll on roads.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major product types in the market are airbags, seat belts, electronic control unit, steering vehicles, whiplash protection system, and occupant sensing system, among others.
The different vehicle types in the industry are passenger vehicle and commercial vehicle.
The major end users of the market are OEM and aftermarket.
The major players in the industry are Autoliv Inc., Nihon Plast Co. Ltd., Continental AG, Hyundai Motor Company, Tokai Rika Co., Ltd., Toyoda Gosei Co., Ltd., and Joyson Safety Systems Aschaffenburg GmbH, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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