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$28 Billion Worldwide Automotive Switches Industry to 2027 - Impact of COVID-19 on the Market

Active Seat Belt System Market Development Activity Ahead - This Could be Huge

Active Seat Belt System Market Development Activity Ahead - This Could be Huge
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2020 Global Active Seat Belt System Market Analysis, by Component, Application and Region - Featuring Key Players Autoliv, Inc , Continental Corporation, DENSO Corporation and Takata Corporation

Share this article Share this article ResearchAndMarkets.com s offering. The Active Seat Belt System Market was valued at USD 11.51 billion in 2019 and is projected to reach USD 20.74 billion by 2030, expanding at a CAGR of 5.5% during the forecast period, from 2020 to 2030. Market Dynamics and Trends Increasing need for advanced safety features inside vehicles due to the rising number of road accidents have increased the demand for active seat belt systems. Also, technological advancements, implementation of stringent regulatory standards regarding road safety and increase in demand for premium vehicles with superior safety features are expected to drive the active seat belt system market. However, high costs of these systems are expected to hamper the market growth.

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