NEW YORK, Dec. 16, 2022 /PRNewswire/ — Technavio categorizes the global automotive seat belt sensor market as a part of the automotive components and accessories market, the parent market. Growth of the global automotive components and accessories market will be driven by factors such as an increase in electronic components in automobiles, integration of safety systems, increasing safety regulations, and technological improvements to reduce downtime of electric buses. The global automotive seat belt sensor market size is estimated to increase by 44.26 million units from 2022 to 2027. The market’s growth momentum will accelerate at a CAGR of 3.78%.
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Global automotive seat belt sensor market – Vendor analysis
Vendor offerings –
Allegro MicroSystems Inc.: The company offers Hall effect switches for seatbelt applications.
Amphenol Corp.: The company offers seat belt buckle sensors.
Aptiv: The company offers electronic control units to enhance safety, comfort, and convenience.
CTS Corp.: The company offers non-contacting seat belt retractor switches are used in Automatic Locking Retractor.
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Vendor landscape – The global automotive seat belt sensor market is fragmented. A few prominent vendors that offer automotive seat belt sensors in the market are Allegro MicroSystems Inc., Amber Valley Developments LLP, Amphenol Corp., Aptiv, CTS Corp., Hesham Industrial Solutions, IEE International Electronics and Engineering S.A., InterMotive Inc., Littelfuse Inc., and others.
The market is driven by the increase in safety concerns, government regulations, and NCAP ratings. NCAP is a car safety assessment program, wherein cars are given star ratings based on crash test results. Most countries follow Euro NCAP standards. These ratings encourage manufacturers to equip their vehicles with seat belt sensors.
Global automotive seat belt sensor market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –
Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
Global automotive seat belt sensor market – Segmentation assessment
Geography overview
Based on geography, the global automotive seat belt sensor market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the Global automotive seat belt sensor market.
Europe will account for 30% of the global automotive seat belt sensor market growth during the forecast period. The growth of the market in the region is driven by factors such as the rapid penetration of seat belt sensors owing to standardization. Moreover, the region has several high-end passenger car manufacturers, such as Mercedes-Benz. Thus, with the increasing sales of cars and the trend among OEMs to equip vehicles with seat belt sensor systems, the market in the region is expected to grow during the forecast period.
Segment overview
Based on application, the global automotive seat belt sensor market is segmented into passenger cars and commercial vehicles.
The market share growth of the passenger cars segment will be higher than the other segments during the forecast period. The penetration of passenger cars using seat belt sensors is expected to grow, which will drive the market. Moreover, the rapid electrification of passenger cars has led to the adoption of new technologies to improve the comfort and safety of drivers. In addition, premium vehicles use advanced safety features such as seat belt sensors. These factors will increase the revenue growth of the global passenger car seat belt sensor market during the forecast period.
Global automotive seat belt sensor market – Market dynamics
Leading driver – Improvising occupant safety across the value chain is notably driving the market growth. Passenger safety is the main concern for players across the value chain, which has increased the adoption of passive and active safety systems. Safety systems include seat belts, seat belt sensors, seat belt lock engagement, and side airbags, among others. The increasing emphasis on safety systems has led to significant growth in the overall automotive safety systems market. Thus, with the increasing focus on safety systems, seat belt sensors will be considered an important fitment in vehicles. Such factors are expected to drive the market during the forecast period.
Key trend – Increased adoption of low-cost, compact vehicles and CVs is a key trend driving the automotive seat belt sensor market growth. The need for enhanced safety features has increased across all automotive segments, including low-cost and compact. As a result, there will be a surge in the demand for automotive seat belt sensors in low-cost and compact vehicles during the forecast period, especially in developed countries. Moreover, manufacturers are expected to equip their vehicles with safety features such as seat belt sensors to differentiate themselves in the market. These factors are likely to impact the growth of the market positively during the forecast period.
Major challenge – Malfunctioning of seat belt sensors is a major challenge impeding the market growth. Accurate tuning of the system is required to avoid false-positive alarms. However, improper tuning may lead to unwanted actions such as tightening of seat belts, which may result in an unpleasant driving experience. Therefore, seat belt sensor manufacturers have to consider such situations while installing safety systems in their vehicles. This, in turn, can negatively affect the adoption of seat belt sensors.
What are the key data covered in this automotive seat belt sensor market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the automotive seat belt sensor market between 2023 and 2027
Precise estimation of the size of the automotive seat belt sensor market and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the automotive seat belt sensor market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of automotive seat belt sensor market vendors
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Automotive Seat Belt Sensor Market Scope |
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Report Coverage |
Details |
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Page number |
163 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast Period |
2023 -2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.78% |
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Market growth 2023-2027 |
44.26 million units |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
3.49 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing contribution |
Europe at 30% |
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Key countries |
US, China, Japan, India, UK, and Germany |
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Competitive landscape |
Leading companies, market positioning of vendors, competitive strategies, and industry risks |
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Key companies profiled |
Allegro MicroSystems Inc., Amber Valley Developments LLP, Amphenol Corp., Aptiv, CTS Corp., Hesham Industrial Solutions, IEE International Electronics and Engineering S.A., InterMotive Inc., Littelfuse Inc., Lockliv Holdings Pty Ltd., Olea Systems Inc., Reed Relays and Electronics India Ltd., Securon (Amersham) LTD, Standex Electronics Inc., TE Connectivity Ltd., Wenzhou Far Europe Automobile Safety System Co. Ltd., and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 (million units)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (million units)
Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global automotive seat belt sensor market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global automotive seat belt sensor market 2017 – 2021 (million units)
4.2 Application Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 (million units)
4.3 Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 (million units)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (million units)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (million units)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Passenger cars – Market size and forecast 2022-2027
Exhibit 34: Chart on Passenger cars – Market size and forecast 2022-2027 (million units)
Exhibit 35: Data Table on Passenger cars – Market size and forecast 2022-2027 (million units)
Exhibit 36: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
6.4 Commercial vehicles – Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 (million units)
Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 (million units)
Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application (million units)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 43: Chart on Type – Market share 2022-2027 (%)
Exhibit 44: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 Two point seat belt – Market size and forecast 2022-2027
Exhibit 47: Chart on Two point seat belt – Market size and forecast 2022-2027 (million units)
Exhibit 48: Data Table on Two point seat belt – Market size and forecast 2022-2027 (million units)
Exhibit 49: Chart on Two point seat belt – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Two point seat belt – Year-over-year growth 2022-2027 (%)
7.4 Three point seat belt – Market size and forecast 2022-2027
Exhibit 51: Chart on Three point seat belt – Market size and forecast 2022-2027 (million units)
Exhibit 52: Data Table on Three point seat belt – Market size and forecast 2022-2027 (million units)
Exhibit 53: Chart on Three point seat belt – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Three point seat belt – Year-over-year growth 2022-2027 (%)
7.5 Four point seat belt – Market size and forecast 2022-2027
Exhibit 55: Chart on Four point seat belt – Market size and forecast 2022-2027 (million units)
Exhibit 56: Data Table on Four point seat belt – Market size and forecast 2022-2027 (million units)
Exhibit 57: Chart on Four point seat belt – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Four point seat belt – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Type
Exhibit 59: Market opportunity by Type (million units)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 Europe – Market size and forecast 2022-2027
Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 (million units)
Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 (million units)
Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.4 APAC – Market size and forecast 2022-2027
Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 (million units)
Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 (million units)
Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 73: Chart on North America – Market size and forecast 2022-2027 (million units)
Exhibit 74: Data Table on North America – Market size and forecast 2022-2027 (million units)
Exhibit 75: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 77: Chart on South America – Market size and forecast 2022-2027 (million units)
Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 (million units)
Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 (million units)
Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 (million units)
Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 UK – Market size and forecast 2022-2027
Exhibit 85: Chart on UK – Market size and forecast 2022-2027 (million units)
Exhibit 86: Data Table on UK – Market size and forecast 2022-2027 (million units)
Exhibit 87: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.9 Germany – Market size and forecast 2022-2027
Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 (million units)
Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 (million units)
Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.10 China – Market size and forecast 2022-2027
Exhibit 93: Chart on China – Market size and forecast 2022-2027 (million units)
Exhibit 94: Data Table on China – Market size and forecast 2022-2027 (million units)
Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)
9.11 US – Market size and forecast 2022-2027
Exhibit 97: Chart on US – Market size and forecast 2022-2027 (million units)
Exhibit 98: Data Table on US – Market size and forecast 2022-2027 (million units)
Exhibit 99: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on US – Year-over-year growth 2022-2027 (%)
9.12 Japan – Market size and forecast 2022-2027
Exhibit 101: Chart on Japan – Market size and forecast 2022-2027 (million units)
Exhibit 102: Data Table on Japan – Market size and forecast 2022-2027 (million units)
Exhibit 103: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.13 India – Market size and forecast 2022-2027
Exhibit 105: Chart on India – Market size and forecast 2022-2027 (million units)
Exhibit 106: Data Table on India – Market size and forecast 2022-2027 (million units)
Exhibit 107: Chart on India – Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on India – Year-over-year growth 2022-2027 (%)
9.14 Market opportunity by geography
Exhibit 109: Market opportunity by geography (million units)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 110: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 112: Overview on factors of disruption
11.4 Industry risks
Exhibit 113: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 114: Vendors covered
12.2 Market positioning of vendors
Exhibit 115: Matrix on vendor position and classification
12.3 Allegro MicroSystems Inc.
Exhibit 116: Allegro MicroSystems Inc. – Overview
Exhibit 117: Allegro MicroSystems Inc. – Product / Service
Exhibit 118: Allegro MicroSystems Inc. – Key offerings
12.4 Amphenol Corp.
Exhibit 119: Amphenol Corp. – Overview
Exhibit 120: Amphenol Corp. – Business segments
Exhibit 121: Amphenol Corp. – Key news
Exhibit 122: Amphenol Corp. – Key offerings
Exhibit 123: Amphenol Corp. – Segment focus
12.5 Aptiv
Exhibit 124: Aptiv – Overview
Exhibit 125: Aptiv – Business segments
Exhibit 126: Aptiv – Key offerings
Exhibit 127: Aptiv – Segment focus
12.6 CTS Corp.
Exhibit 128: CTS Corp. – Overview
Exhibit 129: CTS Corp. – Product / Service
Exhibit 130: CTS Corp. – Key offerings
12.7 Hesham Industrial Solutions
Exhibit 131: Hesham Industrial Solutions – Overview
Exhibit 132: Hesham Industrial Solutions – Product / Service
Exhibit 133: Hesham Industrial Solutions – Key offerings
12.8 IEE International Electronics and Engineering S.A.
Exhibit 134: IEE International Electronics and Engineering S.A. – Overview
Exhibit 135: IEE International Electronics and Engineering S.A. – Product / Service
Exhibit 136: IEE International Electronics and Engineering S.A. – Key offerings
12.9 InterMotive Inc.
Exhibit 137: InterMotive Inc. – Overview
Exhibit 138: InterMotive Inc. – Product / Service
Exhibit 139: InterMotive Inc. – Key offerings
12.10 Littelfuse Inc.
Exhibit 140: Littelfuse Inc. – Overview
Exhibit 141: Littelfuse Inc. – Business segments
Exhibit 142: Littelfuse Inc. – Key offerings
Exhibit 143: Littelfuse Inc. – Segment focus
12.11 Lockliv Holdings Pty Ltd.
Exhibit 144: Lockliv Holdings Pty Ltd. – Overview
Exhibit 145: Lockliv Holdings Pty Ltd. – Product / Service
Exhibit 146: Lockliv Holdings Pty Ltd. – Key offerings
12.12 Olea Systems Inc.
Exhibit 147: Olea Systems Inc. – Overview
Exhibit 148: Olea Systems Inc. – Product / Service
Exhibit 149: Olea Systems Inc. – Key offerings
12.13 Reed Relays and Electronics India Ltd.
Exhibit 150: Reed Relays and Electronics India Ltd. – Overview
Exhibit 151: Reed Relays and Electronics India Ltd. – Product / Service
Exhibit 152: Reed Relays and Electronics India Ltd. – Key offerings
12.14 Securon (Amersham) LTD
Exhibit 153: Securon (Amersham) LTD – Overview
Exhibit 154: Securon (Amersham) LTD – Product / Service
Exhibit 155: Securon (Amersham) LTD – Key offerings
12.15 Standex Electronics Inc.
Exhibit 156: Standex Electronics Inc. – Overview
Exhibit 157: Standex Electronics Inc. – Product / Service
Exhibit 158: Standex Electronics Inc. – Key offerings
12.16 TE Connectivity Ltd.
Exhibit 159: TE Connectivity Ltd. – Overview
Exhibit 160: TE Connectivity Ltd. – Business segments
Exhibit 161: TE Connectivity Ltd. – Key offerings
Exhibit 162: TE Connectivity Ltd. – Segment focus
12.17 ZF Friedrichshafen AG
Exhibit 163: ZF Friedrichshafen AG – Overview
Exhibit 164: ZF Friedrichshafen AG – Business segments
Exhibit 165: ZF Friedrichshafen AG – Key news
Exhibit 166: ZF Friedrichshafen AG – Key offerings
Exhibit 167: ZF Friedrichshafen AG – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 168: Inclusions checklist
Exhibit 169: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 170: Currency conversion rates for US$
13.4 Research methodology
Exhibit 171: Research methodology
Exhibit 172: Validation techniques employed for market sizing
Exhibit 173: Information sources
13.5 List of abbreviations
Exhibit 174: List of abbreviations
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