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North America Automotive Airbags and Seatbelts Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Airbags Type (Front, Knee, Side and Curtain), Seatbelts Type (2-point and 3-point), and Vehicle Class (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles)
- Report Code : BMIRE00026988
- Pages : 118
The automotive airbags and seatbelts market in North America is expected to grow from US$ 10,756.42 million in 2022 to US$ 20,033.16 million by 2028. It is estimated to grow at a CAGR of 10.9% from 2022 to 2028.
Growing Initiatives for Introducing Regulatory Standards Related to Vehicle Safety
The automotive industry is a pillar of the North America economy. It plays a crucial role in a country’s economy and helps build macroeconomic growth and stability in developed and developing countries, spanning many adjacent sectors. After the pandemic, a sharp increase in car sales and a significant rise in traffic accidents have become increasingly frequent and severe. At the same time, with the rapid development of science and technology, automotive technology has also been rapidly improved, and automotive safety technology has gradually become involved in all aspects of the car. As per the report published by National Highway Traffic Safety Administration (NHTSA), the traffic fatalities in 2021 had shown an increase of about 10.5% compared to reported fatalities in 2020. The estimated fatalities are the highest number since 2005 and the largest annual percentage increase in the Fatality Analysis Reporting System’s history in the US. Thus, the government agencies strongly emphasized on improving safety policies and standards, along with significant investment in reducing road accidents. For instance, in May 2022, the NHTSA approved US$ 740 million in funding for the 402 State and Community Grant Program, Section 1906 Racial Profiling Data Collection Grants, and Section 405 National Priority Safety Program. The US States are encouraged to use the funding to implement programs to address gaps and opportunities for expanding partnerships and focus on risky driving and safety concerns among vulnerable road users and the large presence of the population. Thus, such initiatives for introducing regulatory standards related to vehicle safety are fuelling the market growth.
Market Overview
North America has a developed automotive industry due to the continuous production of commercial vehicles. For instance, as per the Organization International des Constructers d’Automobiles (OICA) 2021 report, the US produced 7,604,154 commercial vehicles in 2021; 6,895,604 in 2020; and 8,367,239 in 2019. Similarly, Canada produced 826,767 commercial vehicles in 2021; 1,048,942 in 2020; and 1,455,215 in 2019, as per the same report. Also, Mexico produced 2,437,411 commercial vehicles in 2021; 2,209,121 in 2020; and 2,604,080 in 2019, as per the same report. As per OICA statistics, the US, Canada, and Mexico are leading in the commercial vehicle production segment worldwide. Thus, with the continuous production of commercial vehicles across the region, the need for automotive airbags and seatbelts will increase significantly, supporting the growth of the automotive airbags and seatbelts market in North America.
Exhibit: North America Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
North America Automotive Airbags and Seatbelts Market Segmentation
The North America automotive airbags and seatbelts market is segmented into airbags type , seatbelts type, vehicle class, and country.
Based on airbag type ,the market is segmented into front, knee, side and curtain. The front segment registered the largest market share in 2022.
Based on seatbelts type , the market is segmented into 2-point and 3-point. The 3- point segment held the largest market share in 2022.
Based on vehicle class , the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held the largest market share in 2022.
Based on country, the market is segmented into US , Canada , Mexico. US dominated the market share in 2022.
Autoliv Inc. ; Continental AG ; Denso Corporation ; INFINEON TECHNOLOGIES AG ; Robert Bosch GmbH ; ZF Friedrichshafen AG ; Hyundai Mobis ; Joyson Safety Systems and Toyoda Gosei Co., Ltd. are the leading companies operating in the automotive airbags and seatbelts market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Automotive Airbags and Seatbelts Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Automotive Airbags and Seatbelts Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Initiatives for Introducing Regulatory Standards Related to Vehicle Safety
5.1.2 Increasing Advancements in Airbag and Seatbelt Technologies
5.2 Market Restraints
5.2.1 High Operating and Maintenance Costs
5.3 Market Opportunities
5.3.1 Growing Awareness About Vehicle Safety Features
5.4 Future Trends
5.4.1 Growing Adoption of Electric Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Airbags and Seatbelts Market – North America Market Analysis
6.1 North America Automotive Airbags and Seatbelts Market Overview
6.2 North America Automotive Airbags and Seatbelts Market Forecast and Analysis
7. North America Automotive Airbags and Seatbelts Market Analysis – By Airbags Type
7.1 Overview
7.2 North America Automotive Airbags and Seatbelts Market, By Airbags Type (2021 And 2028)
7.3 Front
7.3.1 Overview
7.3.2 North America Front: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
7.4 Knee
7.4.1 Overview
7.4.2 North America Knee: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
7.5 Side and Curtain
7.5.1 Overview
7.5.2 North America Side and Curtain: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
8. North America Automotive Airbags and Seatbelts Market Analysis – By Seatbelts Type
8.1 Overview
8.2 North America Automotive Airbags and Seatbelts Market, By Seatbelts Type (2021 And 2028)
8.3 2-point
8.3.1 Overview
8.3.2 North America 2-point: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
8.4 3-point
8.4.1 Overview
8.4.2 North America 3-point: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
9. North America Automotive Airbags and Seatbelts Market Analysis – By Vehicle Class
9.1 Overview
9.2 North America Automotive Airbags and Seatbelts Market, By Vehicle Class (2021 and 2028)
9.3 Passenger Cars
9.3.1 Overview
9.3.2 North America Passenger Cars: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
9.4 Light Commercial Vehicles
9.4.1 Overview
9.4.2 North America Light Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
9.5 Heavy Commercial Vehicles
9.5.1 Overview
9.5.2 North America Heavy Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
10. North America Automotive Airbags and Seatbelts Market – Country Analysis
10.1 North America: Automotive Airbags and Seatbelts Market
10.1.1 Overview
10.1.2 North America Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
10.1.3 North America Automotive Airbags and Seatbelts Market Breakdown, by Country
10.1.3.1 US Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028
10.1.3.1.1 US Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type
10.1.3.1.2 US Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type
10.1.3.1.3 US Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class
10.1.3.2 Canada Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028
10.1.3.2.1 Canada Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type
10.1.3.2.2 Canada Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type
10.1.3.2.3 Canada Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class
10.1.3.3 Mexico Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028
10.1.3.3.1 Mexico Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type
10.1.3.3.2 Mexico Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type
10.1.3.3.3 Mexico Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
12. Company Profiles
12.1 Autoliv Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Denso Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 INFINEON TECHNOLOGIES AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Robert Bosch GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ZF Friedrichshafen AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hyundai Mobis
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Joyson Safety Systems
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Toyoda Gosei Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Automotive Airbags and Seatbelts Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Airbags Type (US$ million)
Table 3. North America Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Seatbelts Type (US$ million)
Table 4. North America Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Vehicle Class (US$ million)
Table 5. North America Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 6. US Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Airbags Type (US$ million)
Table 7. US Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Seatbelts Type (US$ million)
Table 8. US Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Vehicle Class (US$ million)
Table 9. Canada Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Airbags Type (US$ million)
Table 10. Canada Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Seatbelts Type (US$ million)
Table 11. Canada Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Vehicle Class (US$ million)
Table 12. Mexico Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Airbags Type (US$ million)
Table 13. Mexico Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Seatbelts Type (US$ million)
Table 14. Mexico Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Vehicle Class (US$ million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Automotive Airbags and Seatbelts Market Segmentation
Figure 2. North America Automotive Airbags and Seatbelts Market Segmentation – By Country
Figure 3. North America Automotive Airbags and Seatbelts Market Overview
Figure 4. Front Segment held the Largest Share of Automotive Airbags and Seatbelts Market
Figure 5. Mexico to Show Great Traction During Forecast Period
Figure 6. North America– PEST Analysis
Figure 7. Ecosystem Analysis: Automotive Airbags and Seatbelts Market
Figure 8. Expert Opinion
Figure 9. North America Automotive Airbags and Seatbelts Market: Impact Analysis of Drivers and Restraints
Figure 10. North America Automotive Airbags and Seatbelts Market Forecast and Analysis (US$ Million)
Figure 11. North America Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type, 2021 & 2028 (%)
Figure 12. North America Front: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. North America Knee: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Side and Curtain: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type, 2021 & 2028 (%)
Figure 16. North America 2-point: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America 3-point: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class, 2021 & 2028 (%)
Figure 19. North America Passenger Cars: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Light Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Heavy Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
Figure 23. North America Automotive Airbags and Seatbelts Market Breakdown, by Country, 2021 & 2028 (%)
Figure 24. US Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. Canada Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
Figure 26. Mexico Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Automotive Airbags and Seatbelts Market.
● Highlights key business priorities in order to assist companies to realign their business strategies.
● The key findings and recommendations highlight crucial progressive industry trends in North America Automotive Airbags and Seatbelts Market, thereby allowing players across the value chain to develop effective long-term strategies.
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
The List of Companies – North America Automotive Airbags and Seatbelts Market
● Autoliv Inc.
● Continental AG
● Denso Corporation
● INFINEON TECHNOLOGIES AG
● Robert Bosch GmbH
● ZF Friedrichshafen AG
● Hyundai Mobis
● Joyson Safety Systems
● Toyoda Gosei Co., Ltd.
At 10.9% CAGR, the North America Automotive Airbags and Seatbelts Market is speculated to be worth US$ 20,033.16 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the North America automotive airbags and seatbelts market was valued at US$ 10,756.42 million in 2022 and is expected to reach US$ 20,033.16 million by 2028, registering an annual growth rate of 10.9% from 2022 to 2028. Growing initiatives for introducing regulatory standards related to vehicle safety and increasing advancements in airbag and seatbelt technologies are the critical factors attributed to the market expansion.
With the rapid expansion of the North America automotive landscape, manufacturers are primarily focused on enhancing engineering fuel and cost efficiency, improving the driving experience, and working toward the overall safety of passengers and drivers. Airbags and seatbelts remain a key passive safety system in the automotive sector. The growing advancement in airbag and seatbelt technologies is increasing their adoption across passenger vehicles, thereby propelling the market growth. The airbag is best used in combination with wearing a safety belt. It can prevent injuries and fatalities in front-end collisions. Airbag manufacturers have developed an array of airbags, side curtains, and knee bolsters to protect front-seat occupants and are further planning to design a new generation of airbags for rear-seat passengers. For instance, TRW Automotive Holdings Corp. has unveiled two airbags, one mounted on the roof and one in the back of the front seat, which could protect rear-seat passengers during a frontal collision. In addition, the Citroën C4 Cactus is a subcompact crossover SUV, which is equipped with a new roof-mounted passenger airbag technology. The growing advancement in technology for airbags in the automotive industry is fueling the market growth. For instance, the computer-operated dual deploys, or dual-stage airbags can deploy at two speeds. Airbags deploy at the lower first stage in less severe accidents, usually about 70% of full force. In more severe accidents, both stages are deployed. Further, side airbags are effective in preventing the driver and passengers from head injuries due to the rigid areas of the vehicle in side-impact collisions. Nylon-based airbags are poised to experience significant demand in the near future. This can be attributed to various benefits of the fabric, including high specific heat capacity, lower density, and better impact resistance. Additionally, airbag manufacturers are focusing on developing nylon-based fabrics coated with organic silicon instead of neoprene, as these coated fabrics have a longer service life, stable performance, high wear resistance, and are lightweight. New developments and innovations are coming up to enhance efficiency and widen the production capabilities of airbags. This airbag is used on the new Honda Civic in North America. Moreover, the technological advancements in seatbelts are strengthening the market growth. For instance, in September 2019, Hyundai Mobis announced that it had developed a “Safety Integrated Control Module” that ensures increased efficiency and safety in operating automotive safety devices. This new development combined two separate electronic control units (ECUs) for airbags and electronic seatbelts into a single unit. Thus, such developments in technology for airbags and seatbelts are anticipated to drive the market.
On the contrary, high operating and maintenance costs hampers market North America automotive airbags and seatbelts market.
Based on airbags type, the market is segmented into front, knee, side and curtain. The front segment held 70.91% market share in 2022, amassing US$ 7,627.33 million. It is projected to garner US$ 13,950.81 million by 2028 to expand at 10.6% CAGR during 2022–2028.
Based on seatbelts type, the market is segmented into 2-point and 3-point. The 3- point segment held 91.91% market share in 2022, amassing US$ 9,885.93 million. It is projected to garner US$ 19,100.34 million by 2028 to expand at 11.6% CAGR during 2022–2028.
Based on vehicle class, the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held 79.20% market share in 2022, amassing US$ 8,518.67 million. It is projected to garner US$ 16,425.39 million by 2028 to expand at 11.6% CAGR during 2022–2028.
Based on country, the North America automotive airbags and seatbelts market has been categorized into US, Canada and Mexico. Our regional analysis states that US captured 56.97% market share in 2022. It was assessed at US$ 6,127.72 million in 2022 and is likely to hit US$ 11,064.32 million by 2028, exhibiting a CAGR of 10.3% during the forecast period.
Key players dominating the North America automotive airbags and seatbelts market are Autoliv Inc.; Continental AG; Denso Corporation; INFINEON TECHNOLOGIES AG; Robert Bosch GmbH; ZF Friedrichshafen AG; Hyundai Mobis; Joyson Safety Systems and Toyoda Gosei Co., Ltd.
In,2022; Autoliv has announced its collaboration with Nuro, autonomous vehicle company for providing higher safety features with exterior airbag to Nuro’s latest third-generation vehicle. In, 2021; Toyoda has launched its new airbag designed for pedestrian’s head protection. This pedestrian airbag is installed at front pillars providing the maximum security against collisions.
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