Seatbelt Market to Witness Comprehensive Growth by 2031
Automotive Airbag Market: Introduction The global seatbelt market was valued over US$ 12.1 Bn in 2020 . It is estimated to expand at a CAGR of 8% from 2021 to 2031 . Automotive airbags are vehicle passenger restraint systems that help protect the head and chest of the passenger in case of vehicle collision or crash. The airbags are designed in a way that they respond and inflate in milliseconds, providing a cushioning effect to vehicle passengers. The automotive airbags market is estimated to expand consistently during the forecast period. The enactment of stringent regulations pertaining to occupant safety in vehicles across the globe is anticipated to drive the global automotive airbag market. For instance, in the U.S., front airbags are mandatory since 1999 on both passenger and driver side. Increasing awareness about safety features among the population across the globe is another prominent factor boosting the...