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Global Automotive Seat Belt Pretensioner market accounted for $3.07 billion in 2019 and is expected to reach $6.17 billion by 2027 growing at a CAGR of 9.1% during the forecast period.
Growing sales of luxury vehicles and rising safety concerns as a result of the rise in the number of accidents and government initiatives are some of the factors propelling the growth of the market. However, high cost and low disposable incomes in underdeveloped economies are hampering the growth of the market.
A seat belt pretensioner is a part of the seat belt system in the vehicle that locks the seatbelt in place in the event of a crash. This is an addition to the basic seatbelt of a vehicle that has been proven to decrease the number of injuries and deaths from crashes.