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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)
Market Report I 2022-10-10 I 118 Pages I The Insight Partners
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)
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