Autoliv Inc; Continental AG; Joyson Safety Systems; Robert Bosch GmbH; and ZF Friedrichshafen AG are some of the key market players operating in the global automotive passive safety system market. The listing of key players is derived by considering multiple factors such as overall revenue, current bag filter portfolio, geographical reach, new product launches, market initiatives, and investment in technology up gradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the automotive passive safety system market which were analyzed during the course of this market research study, such as, FAURECIA; Hyundai Mobis; Knauf Industries; Toyoda Gosei Co., Ltd; Tokairika Co., Ltd., among others.
Autoliv Inc; Continental AG; Joyson Safety Systems; Robert Bosch GmbH; and ZF Friedrichshafen AG – PROMINENT MARKET PARTICIPANTS IN AUTOMOTIVE PASSIVE SAFETY SYSTEM MARKET
Based on type, the global automotive passive safety system market is segmented into airbag, seatbelt, occupant sensing system, child safety system and others. Based on vehicle type, the automotive passive safety system market is segmented into passenger cars and commercial vehicles. Based on region, the global automotive passive safety system market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Automotive safety systems, including seat belts and head restraints, are concerned with the safety of the occupants inside the vehicle. Safety systems help keep occupants in place and minimize the risk of injury in the event of a collision. Increased demand for high-speed vehicles has led to a rise in accident rates. Therefore, the demand for the integration of vehicles with safety features has increased significantly. Safety features include blind spot detection, lane departure warning, and an anti-roll braking system. At the same time, the integration of automotive safety features is increasing the demand for automobiles, expanding the market for automotive passive safety systems globally.
Most of the market initiatives were observed in Europe region, which has a high potential for automotive passive safety system. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Region |
| 2022 | Autoliv has announced its collaboration with Nuro, autonomous vehicle company for providing higher safety features with exterior airbag to Nuro’s latest third-generation vehicle. | Europe |
| 2021 | Autoliv is entering into collaboration with SSAB, global steel company in order to replace coking coal with fossil free steel from SSAB for airbags and seatbelts production. | Europe |
