Market Overview:
Passive safety systems are those which do not require any input from the driver or occupant to work and are activated automatically in the event of a collision. These systems include frontal airbags, seatbelts, side airbags and others. The global light vehicle passive safety systems market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The growth of this market can be attributed to factors such as increasing demand for passenger cars and light commercial vehicles, rising awareness about safety features among consumers, and stringent government regulations mandating the installation of passive safety systems in vehicles. The global light vehicle passive safety systems market is segmented on the basis of type into frontal airbags, seatbelts, side airbags and others (including knee bags, head-up displays etc.). Of these segments, frontal airbags account for the largest share in terms of revenue in 2018. This segment is expected to grow at a CAGR of 7% during the forecast period due to increasing demand for front impact protection from consumers across all regions. Seatbelts are also one of the most commonly installed passive safety features in vehicles worldwide owing to their ability to reduce fatalities by up to 50%. They are expected to grow at a CAGR close to 6% during 2018-2030. Side impact protection accounts for a smaller share than other segments but is growing rapidly due with an anticipated CAGR close 8%.
Product Definition:
Light Vehicle Passive Safety Systems are systems that protect a vehicle's occupants in the event of a collision. These systems include airbags, seatbelts, and crumple zones. The importance of these systems is that they can help to protect occupants from serious injury or death in the event of a collision.
Frontal Airbags:
The global frontal airbags market size was valued at USD 2.08 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period, to reach USD 3.47 billion by 2022.
Seatbelts:
The global seatbelts and it's usage in light vehicle passive safety systems market size was valued at USD 3,405.1 million in 2016. It is expected to expand at a CAGR of XX% over the forecast period. The increasing number of road accidents and growing awareness about vehicle safety are anticipated to drive the growth during the forecast period.
According to OICA, 1 out of 3 people die due to road traffic crashes every year.
Application Insights:
Passenger car application segment led the global market and accounted for more than half of the revenue share in 2017. The growth can be attributed to increasing sales of passenger cars as compared to LCVs and trucks. Furthermore, stringent government regulations on road safety are encouraging manufacturers across the world to integrate active safety systems in their vehicles.
The light commercial vehicle segment is expected to witness significant growth over the forecast period owing to rising demand for trucks with enhanced driver comfort, protection and security along with improved road visibility and handling characteristics at high speeds on highways. In addition, these vehicles also offer a higher level of passive safety by way of airbags integrated into seats which protect drivers from injuries in case of accidents during travel or while loading/unloading goods from warehouses onto transport trucks at destination locations.
Regional Analysis:
Europe dominated the global market in terms of revenue share in 2017. The presence of stringent government regulations and high adoption rate of advanced safety systems are some factors attributing to its large share. Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to increasing demand from emerging countries such as India, China, and Indonesia. Moreover, rising disposable income levels coupled with improving standard of living is anticipated to fuel growth further.
The U.S., Germany, France, Italy are among major countries having passive safety system regulatory policies framed by ETSUI (Electronic Traction & Stability Unit Innovative) regulation under WVSA (Worldwide Vehicle Safety Association). These regulatory policies mandate installation specific features for different vehicle categories based on a scale ranging from 0%to 100%.
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Stringent safety norms by regulatory authorities across the globe
- Rising awareness about the benefits of passive safety systems among consumers
- Technological advancements in passive safety systems that offer enhanced performance and functionality
- Growing number of collaborations and partnerships between component suppliers and automakers to develop advanced passive safety systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Vehicle Passive Safety Systems Market Research Report
By Type
Frontal Airbags, Seatbelts, Side Airbags, Others
By Application
Passenger Car, Light Commercial Vehicle
By Companies
Autoliv, Robert Bosch, Continental, Joyson Safety Systems, TRW Automotive, Hella, Hyundai Mobis, Hyosung, Tomkins, Wonder Auto Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Light Vehicle Passive Safety Systems Market Report Segments:
The global Light Vehicle Passive Safety Systems market is segmented on the basis of:
Types
Frontal Airbags, Seatbelts, Side Airbags, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Car, Light Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Autoliv
- Robert Bosch
- Continental
- Joyson Safety Systems
- TRW Automotive
- Hella
- Hyundai Mobis
- Hyosung
- Tomkins
- Wonder Auto Technology
Highlights of The Light Vehicle Passive Safety Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Frontal Airbags
- Seatbelts
- Side Airbags
- Others
- By Application:
- Passenger Car
- Light Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Vehicle Passive Safety Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Passive safety systems are designed to prevent accidents by detecting and responding to potential hazards before they cause a collision. These systems include features like airbags, seat belts, and traction control.
Some of the major players in the light vehicle passive safety systems market are Autoliv, Robert Bosch, Continental, Joyson Safety Systems, TRW Automotive, Hella, Hyundai Mobis, Hyosung, Tomkins, Wonder Auto Technology.
The light vehicle passive safety systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Vehicle Passive Safety Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Vehicle Passive Safety Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Vehicle Passive Safety Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Vehicle Passive Safety Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Vehicle Passive Safety Systems Market Size & Forecast, 2020-2028
4.5.1 Light Vehicle Passive Safety Systems Market Size and Y-o-Y Growth
4.5.2 Light Vehicle Passive Safety Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Frontal Airbags
5.2.2 Seatbelts
5.2.3 Side Airbags
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Light Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Vehicle Passive Safety Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Vehicle Passive Safety Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Frontal Airbags
9.6.2 Seatbelts
9.6.3 Side Airbags
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Light Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Frontal Airbags
10.6.2 Seatbelts
10.6.3 Side Airbags
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Light Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Frontal Airbags
11.6.2 Seatbelts
11.6.3 Side Airbags
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Light Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Frontal Airbags
12.6.2 Seatbelts
12.6.3 Side Airbags
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Light Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Frontal Airbags
13.6.2 Seatbelts
13.6.3 Side Airbags
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Light Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Vehicle Passive Safety Systems Market: Competitive Dashboard
14.2 Global Light Vehicle Passive Safety Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Autoliv
14.3.2 Robert Bosch
14.3.3 Continental
14.3.4 Joyson Safety Systems
14.3.5 TRW Automotive
14.3.6 Hella
14.3.7 Hyundai Mobis
14.3.8 Hyosung
14.3.9 Tomkins
14.3.10 Wonder Auto Technology
