Automotive Passive Safety System Market Report and Forecast 2025-2034

The global automotive passive safety system market is estimated to grow at a CAGR of 3.50% in the forecast period of 2025-2034.

The Automotive Passive Safety System Industry to be Driven by the Growing Seatbelt Segment

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.

Europe and the Asia Pacific to Account for a Significant Share in the Market for Automotive Passive Safety System

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.

Automotive Passive Safety System: Market Segmentation

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.

Market Breakup by Product Type

• Airbags
• Seat Belts
• Electronic Control Unit
• Steering Vehicles
• Whiplash Protection System
• Occupant Sensing System
• Others

Market Breakup by Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

Market Breakup by End User

• OEM
• Aftermarket

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The Expanding Automotive Industry to Augment the Market Growth of Automotive Passive Safety System

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.

Key Industry Players in the Global Automotive Passive Safety System Market

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:

• Autoliv Inc.
• Nihon Plast Co. Ltd.
• Continental AG
• Hyundai Motor Company
• Tokai Rika Co., Ltd.
• Toyoda Gosei Co., Ltd.
• Joyson Safety Systems Aschaffenburg GmbH
• Others

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.
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