Automotive Airbags And Seatbelts Market Assessing the Impact of Regulations on the Market in 2023

Jan 30, 2024

According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3 percent. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

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What is the Future Outlook of Automotive Airbags And Seatbelts Market?

The future outlook of the Automotive Airbags And Seatbelts market entails an analysis of its size, segmentation (including product type, application, and geography), competitor landscape, current status, and emerging development trends. Additionally, the report offers strategic insights to assist companies in navigating the challenges presented by the COVID-19 pandemic.

The Global Automotive Airbags And Seatbelts Market size was valued at USD 61.2 Billion in 2021 and is projected to reach USD 149.16 Billion by 2030, growing at a CAGR of 12.9 % from 2022 to 2030.

The growth of the market can be attributed to the increasing safety regulations and advancements in airbags material.

Major market player included in this report are:AutolivJoyson Safety SystemsZF FriedrichshafenToyota GoseiHyundai MobisDensoContinentalRobert BoschToshiba Device CorporationInfineon TechnologiesGWR safety systemsSumitomo electricRhodius GmbHKlippanAshimori industryDelphi AutomotiveHMTTokai rika

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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By Airbag TypeFrontal AirbagsKnee AirbagsSide & Curtain Airbags

By Seatbelts Type2-point Seatbelt3-point Seatbelt

By Vehicle TypePassenger CarLight Commercial VehicleBusesTrucks

By Electric VehicleBattery Electric VehicleFuel Cell Electric VehicleHybrid Electric VehiclePlug-In Hybrid Electric Vehicle

By ComponentAirbag InflatorAirbag Control UnitAirbag

By Distribution ChannelOEMAftermarket

By Region:North AmericaU.S.CanadaMexicoEuropeUKGermanyFranceSpainItalyRusiaROEAsia PacificChinaIndiaJapanAustraliaSouth KoreaRest of AsiaSouth AmericaBrazilArgentinaRest of South AmericaMiddle East & AfricaUAESaudi ArabiaSouth AfricaRest of MEA

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Furthermore, years considered for the study are as follows:

Historical year – 2017, 2020Base year – 2021Forecast period –2022 to 2030.

Target Audience of the Global Automotive Airbags and Seatbelts Market in Market Study:

Key Consulting Companies & AdvisorsLarge, medium-sized, and small enterprisesVenture capitalistsValue-Added Resellers (VARs)Third-party knowledge providersInvestment bankersInvestors

Table of Content:

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