DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dm4p38/automotive) has announced the addition of the "Automotive Seatbelt Pre-tensioner Market in the Americas 2015-2019" report to their offering.
The Automotive Seatbelt Pre-tensioner market in Americas to grow at a CAGR of 9.06% over the period 2014-2019
An automotive seatbelt pre-tensioner, a passive safety system, is activated when the installed sensors detect a rapid deceleration during an accident. It is used to manage an occupant's energy in a crash by pulling the driver and front-seat passenger firmly into their seats, thereby reducing the occupant's load in a violent crash. Automotive seatbelt pre-tensioners tighten the seatbelt during the first few fractions of a second in a crash.
Increased adoption of automotive seatbelt pre-tensioners in low-cost and compact vehicles is one major trend emerging in the market. There has been a surge in automotive safety concerns among consumers from various economic classes which has resulted in the need for enhanced safety features across all automotive segments, such as the Low-cost and Compact Automotive segments.
According to the report, increased demand for automotive safety systems is one of the major drivers of the market. Safety systems in vehicles prevent accidents during critical situations and protect passengers from injuries. Various active and passive automotive safety systems are actively used as passenger safety has become a prime concern for both automotive seatbelt pre-tensioners and automotive manufacturers.
Further, the report states that an increase in average wage rates is one of the main challenges in the market. The increase in average wage rates results in increased manufacturing costs, which adversely affects the financial status of manufacturers. This leads to low profit margins of manufacturers and restricts their expenditure in R&D.
- Delphi Automotive
- TRW Automotive Holdings
Other Prominent Vendors
- Far Europe
- Hyundai Motor
- Iron Force Industrial
- ITW Safety
- Key Safety Systems
- Special Devices
- Tokai Rika
For more information visit http://www.researchandmarkets.com/research/dm4p38/automotive