Automotive Airbag and Seat Belt Market for Passenger Cars - A Global Analysis: by Geography - Trends and Forecasts 2014 - 2019

DUBLIN, Sept. 15, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Automotive Airbag and Seat Belt Market for Passenger Cars - A Global Analysis: by Geography - Trends and Forecasts 2014 - 2019" report to their offering.

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The automotive airbag market in terms of value is projected to grow $23.6 Billion and automotive seat belt market to grow $9.0 Billion by 2019 at a healthy CAGR of 9.7% and 8.4% respectively from 2014 to 2019.

Automotive safety systems have become advanced, sophisticated, and efficient over a period of time. Today, the automotive industry is more inclined towards the use of advanced technologies to reduce the number of accidents and mitigate the impact of accidents on occupants. Automotive safety systems have played an important role in achieving these targets, where these systems have made vehicles safer for the occupants. The recent rise in the attitude of governments and consumers towards the safety features of vehicles is one of the major drivers for the automotive safety system market.

Automotive passive safety systems have evolved from seat belts and airbags to occupant sensing and other efficient automotive passive safety systems. These transitions took place due to several reasons; the increasing concern of consumers towards safety and their increasing willingness to pay for occupant safety, the constantly updated rating system of organizations like New Car Assessment Programme (NCAP) and highly competitive market made companies to do extensive R&D work.

Automotive passive safety systems are growing at a significant rate in Asia-Pacific and the ROW regions because of the increase in their purchasing power, high standard of living, growth in GDP, growing vehicle sales and increase in government's regulatory actions for safety. However, in North America and Europe, the airbag and seat belt market is established and is growing along with increasing vehicle sales. Developing countries like India, China, Russia, Brazil, and Mexico are expected to have high growth rate in the demand for automotive airbag and seat belt market from 2014 to 2019.

The global automotive airbag and seat belt market is dominated by a few top players such as Robert Bosch (Germany), Autoliv Inc. (Sweden), Denso Corporation (Japan), Takata Corporation (Japan), and TRW automotive (U.S.).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview

5 Technological Evolution

6 Airbag Market (2011-2019)

7 Seat Belt Market (2011-2019)

8 Opportunity & Installation Trend Analysis

9 Competitive Landscape

10 Company Profiles

11 Appendix

Companies Mentioned:

• Autoliv, Inc.
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Hyundai Mobis Co., Ltd.
• Key Safety Systems Inc.
• Robert Bosch GMBH
• Takata Corporation
• Toyoda Gosei Co., Ltd.
• Trw Automotive

For more information visit http://www.researchandmarkets.com/research/88xf9r/automotive_airbag

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net