Automotive airbag and seat belt market share, segmentation, report 2024

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Automotive Airbag and Seat Belt Market Share,
Segmentation, Report 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Application Analysis of Automotive Airbag and
Seat Belt Market

• Automotive Airbag and Seat Belt Market is
  expected to grow at significant rate over the
  forecast timeline. The seat belts are designed to
  safeguard the drivers from sudden jerk or vehicle
  stoppage. Rising demand for premium cars has
  further escalated the revenue generation.
  Moreover, both seat belts and air bags are
  primary safety devices in the vehicles. Rising
  consumer awareness towards safety and security.
• Passenger safety has become the utmost priority
  for the government as well as the companies.
  Governments of numerous countries have mandated
  the usage of seat belts in vehicles and Moreover,
  airbags are also compulsory, especially in
  developed countries. The customers are also
  looking total vehicle protection. Initiatives
  such as New Car Assessment Program (NCAP) will
  award the vehicle based on safety performance and
  ratings on existing safety devices.
• Excessive costs associated with its installation
  will pose a threat to the industry participants
  over the forecast timeframe. Manufacturers are
  continuously focusing on cost reduction of the
  products. They are effectively working on the
  innovative design and material that provide
  safety and comfort to the consumer as well low
  price.

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• Government legislations towards consumer safety
  security, has become a compulsion for the
  manufacturers to install safety devices in the
  vehicles. Intense competition in the industry has
  led to powerful technological advancements. With
  these technological advancements, consumers are
  becoming aware about their safety and security.
  Various governments across the globe are
  emphasizing on the safety measures inducing
  immense potential to automotive airbag and seat
  belt market size till 2024.
• Industry is segmented based on design into
  three-point, four-point, five-point, six-point
  belts and belt in seat. Three-point belt is
  expected to be the dominant sector in the
  industry over the next eight years.
• Industry is segmented based on vehicles into
  commercial and passenger vehicles. Passenger cars
  are anticipated to lead the automotive airbag and
  seat belt market owing to substantial production
  of these vehicles across the globe.

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Regional Analysis of Automotive Airbag and Seat
Belt Market

• Asia Pacific led by India, china and Thailand.
  Asia Pacific is the growing market for Automotive
  Airbag and Seat Belt market. Adoption of
  stringent regulations regarding safety
  installations coupled with escalating passenger
  vehicle sales will accelerate the product demand
  in the region over the forecast timeframe.
• Europe has experienced economic downfall and is
  currently in its recovery stage. Industry is
  expected to showcase a stable growth in the
  region. Europe is the major market for Automotive
  Airbag and Seat Belt market and it is the hub for
  many safety system suppliers.

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Competitive Market Share of Automotive Airbag and
Seat Belt Market

• Autoliv
• Delphi Automotive
• Takata Corporation
• Hyundai Mobis Co.
• Toyoda Gosei
• Robert Bosch
• Continental AG
• are among the prominent players in the industry.
  Industry participants are aiming to introduce
  innovative products to enhance their market
  shares. Supply chain plays a vital role in
  industry as the quality check takes place in the
  company itself. Automotive airbags possess a
  complex supply chain. Takata has executed the
  biggest recalls ever. The improper packaging of
  the airbag inflators led to unexpected explosion.
  The inadequate quality control records led to the
  incident. It is very important to maintain the
  communication even if the parts breakdown.

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