Global Automotive Seat Belt Sensor Market 2017-2021
About Automotive Seat Belt Sensor
Seat belt sensor is a component of the seat belt reminder system. It detects occupants in the rear and passenger seats. The reminder system contains an acoustic signal of varying pitch and visual signal. Usually, a combination of both signal types is used for front seat belts, whereas only visual signals are given for rear seat belts. Seat belt reminder system uses the information given by seat belt sensor to trigger a warning light or an audible chime reminding the unbuckled seat occupant to fasten their seat belts.
Technavio’s analysts forecast the global automotive seat belt sensor market to grow at a CAGR of 5.26% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive seat belt sensor market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Seat Belt Sensor Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive seat belt sensor market: Delphi Automotive, Standex-Meder Electronics, TE Connectivity, and ZF Friedrichshafen.
Other Prominent Vendors in the market are: Amber Valley, Far Europe, FUTEK Advanced Sensor Technology, IEE, ITOPS AUTOMOTIVE, Mouser Electronics, Olea Sensor Networks, and Piher Sensors & Controls.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is olea’s Internet of Things (IOT) seat belt sensor for automotive safety. To enhance the protection of car occupants and to improve automotive safety applications, a seat belt vital sign monitor that works with next generation IOT was released by Olea Sensor Networks for improving seat belt systems of the vehicles.”
According to the report, one driver in the market is improvising occupant safety across value chain. In an automobile, passenger safety has become a primary concern for players across the value chain and has increased the adoption of passive and active safety systems. Automobile manufacturers are focusing on improvising the integration of passive safety systems with active safety systems, such as seat belts, seat belt sensors, seat belt lock engagement, and side airbags, as they have proven results on reducing the impact of accidents. Passive safety systems such as airbag sensors have become a standard component in every vehicle (especially in the developed regions) because of regulatory mandates and increasing consumer awareness on automobile safety.
Further, the report states that one challenge in the market is cost pressure on OEMs due to addition of seat belt systems. Addition of seat belt systems in vehicles is increasing cost pressure on OEMs, which cannot be transmitted to customers. This has been reducing the profit margins of suppliers and OEMs, because this cost is distributed across the value chain eventually. Hence, suppliers and OEMs should focus on reducing costs to capture a larger market share and to remain competitive in the market. Already, automotive OEMs have been facing enormous cost pressures due to the regulations that have been governing several components within a vehicle. Stringent emission norms, market competition, evolving customer demands, and the need for heavy investments in R&D programs add to the rising cost pressures.
Delphi Automotive, Standex-Meder Electronics, TE Connectivity, ZF Friedrichshafen, Amber Valley, Far Europe, FUTEK Advanced Sensor Technology, IEE, ITOPS AUTOMOTIVE, Mouser Electronics, Olea Sensor Networks, and Piher Sensors & Controls.
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