Automotive Airbags & Seatbelts Market by Airbags Type (Frontal, Knee, & Side & Curtain), Seatbelts type (2-point & 3-point), vehicle (PC, LCV, Buses, & Trucks), EV (BEV, PHEV, HEV, & FCEV), and Region – Global Forecast to 2025

The Automotive Airbags & Seatbelts Market is estimated to be USD 55.77 billion in 2017 and is projected to reach 135.43 billion by 2025, at a CAGR of 11.97% during the forecast period.

Growing demand for electric vehicles

According to the US Environmental Protection Agency, the transportation sector was responsible for nearly 27% of the total greenhouse gas emissions in 2015, making it one of the leading causes of global warming. Owing to this, various governments are promoting the use of electric vehicles as they significantly reduce automotive emissions.

The US government offers rebates from USD 1,000 to USD 6,000 and an additional federal tax credit of up to USD 7,500 on the purchase of electric vehicles. As a result of this, the production and sales of electric vehicles are expected to increase significantly in the coming years.

Download PDF Brochure @

OEMs are also expanding their manufacturing facilities worldwide to increase the production of electric vehicles. In August 2017, Tesla planned to raise USD 1.5 billion to fund the development of its cheapest electric car. This is expected to have a positive impact on the automotive airbags & seatbelts market.

Maintaining the balance between cost & quality

Safety regulations have led to several advancements in the automotive airbags & seatbelts market. This, however, has resulted in high compliance costs as regulatory bodies such as NHTSA and Euro NCAP are promoting the use of passive safety systems to decrease road fatalities.

Furthermore, the increasing demand for safety, comfort, and convenience is reflected in the overall prices of vehicles. For instance, in the 1980s, electronic devices in a car consisted of only a radio and the engine controller. Owing to the increasing demand for safety and comfort, the number of automotive electronic devices has increased significantly in the past 20 years. While the key criteria for buying a car previously were power, speed, and design, buyers now demand energy efficiency, safety, and comfort. It is difficult for manufacturers to provide these features at a low cost. OEMs are struggling to offer new features with minimum alterations in cost to maintain the balance between cost and performance.

Request Free Sample Report @

Browse Related Report:

Automotive Wiring Harness Market – Global Forecast to 2027
by Application (Engine, Dashboard/Cabin, Body & Lighting, Airbag, HVAC, Battery), Propulsion, Vehicle (PC, LCV, Buses, Trucks), EV type, Component (Connectors, Wires, Terminals), Material, and Region

Occupant Classification System (OCS) Market – Global Forecast to 2025
by Sensor (Pressure Sensor, Seat Belt Tension Sensor), Components (Airbag Control Unit, Sensors), Light-Duty Vehicle Class (Economy, Mid-Size, Luxury), EV Type, and Region

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: [email protected]

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Shelly Singh
Email: Send Email
Phone: 1-888-600-6441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL
Country: United States