Global Automotive Seatbelt Pre-tensioners Market | Top Insights, Trends and Forecast
The global automotive seatbelt pre-tensioners market expected to witness a CAGR of over 7% during the forecast period. Certain factors that are driving the market growth include passive safety systems are product differentiators in developing countries, safety systems reducing the fatal motor vehicle crashes, and regulations on automotive airbags. As per the Technavio’s latest report, the global automotive seatbelt pre-tensioners market size will grow by USD 1.27 billion during 2019-2023. The report provides a detailed analysis of the market based on segmentation by application (passenger cars and commercial vehicles) and geography (MEA, APAC, Europe, North America, and South America).
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Automotive seatbelts fall under the passive safety systems segment and their adoption is increasing due to stringent government regulations to improve passenger safety. The adoption of advanced passive safety system like seatbelt pre-tensioners are higher in developed countries than in developing countries intensifies competition among the automotive manufacturers.
The seatbelt pre-tensioners that are used in premium vehicles are also used in mid-segment and entry-level segment vehicles as product differentiation. Thus, these passive safety systems are product differentiators in developing countries supporting the growth of the automotive seatbelt pre-tensioners market during the forecast period.
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The increasing adoption of automotive seatbelts in vehicles is due to the safety advantages and their benefits. Seatbelts also contribute to the accident-related injuries that are called seatbelt syndrome as seatbelt pre-tensioners have a chance of causing harm to the chest and abdominal areas. To overcome this drawback, load limiters are introduced to offer a slack to the occupant after the initial tightening. This reduces pressure on the chest during the collisions and is expected to have a positive impact on the adoption of seatbelt pre-tensioners.