Passive safety systems, mainly airbags and seat belts, have played a vital role in reducing the impact of road traffic accidents and saving several hundred thousand lives globally every year. While in recent years automakers have focused more on active safety systems that help prevent accidents from happening, the role of passive safety systems remains as critical in mitigating the impacts of a crash if it is unavoidable.
Global demand for airbags and seat belts is driven by light vehicle production volume and regulations related to fitment of these systems in vehicles. Some countries do not have mandatory fitment regulations, especially for airbags, but automakers are equipping their vehicles with multiple airbags to clear various crash tests. In addition, automakers are equipping vehicles with up to 10 airbags to achieve higher safety ratings from agencies such as Global New Car Assessment Program (Global NCAP) and EuroNCAP.
The passive safety systems market outlook and regulations tracker looks into the passive safety regulations in key automotive markets and offers our forecasts for airbags and seat belts in these markets.