Automotive Whiplash Protection System Industry: 2019 Size, Trend, Market Insights, and Regional Forecast To 2023
The global automotive whiplash
protection system market segments has been divided into type, vehicles type and
region. On the basis of type, the market has been segmented as headrest,
backrest and others. The headrest segment is expected to dominate the global
market by type in 2016 in terms of market revenue. On the basis of vehicle
type, the market has been segmented as passenger vehicles and commercial
vehicles. Among them, passenger vehicles have accounted for the highest market
share in 2016 in terms of revenue. The strict government regulations and
policies on road safety and the rising awareness regarding road safety, have
been major growing factors, which increase the demand for automotive whiplash
protection system in passenger cars.
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Research Report 2018 at: https://www.marketresearchfuture.com/reports/automotive-whiplash-protection-system-market-4710
Automotive safety has become a major
concern for both users and automotive manufacturers. Safety systems such as
seat belt and airbags have procured and evolved at a rapid pace during the past
few years. Recently, whiplash protection systems have witnessed high demand
from a large number of vehicles users. Whiplash protection system is an
arrangement that protects the driver against automotive whiplash injuries. This
system was first developed by Volvo in 1998, and only after a few years, many
other automotive manufacturers started installing the same into their vehicles.
This market has majorly been benefitting by factors such as rising awareness
regarding road accidents, strict government regulations and policies on road
safety, growing sales of passenger cars, and technological advancements. Also,
the major opportunity for market growth is the shift of global automotive
companies to the emerging economies, and the rising demand for high end
vehicles. However, the major challenge for automotive whiplash protection
system market is higher installation cost, and expensive cost of raw materials.
These factors may to slow down the growth of the market.
Geographically, the global automotive
whiplash protection system market has been divided as North America, Europe,
Asia Pacific and Rest of the World. Among these regions, North America has
dominated the global market due to factors such as strict regulations on road
safety, rising disposable income and growing new vehicle registration. Europe
is the second leading region in terms of revenue. Asia Pacific has emerged as
the fastest growing economy. During the last few years, APAC has sold the
highest number of vehicles, where China, Japan and Indonesia’s contribute much
significantly. Moreover, the growing demand for passenger vehicles has become a
major driving factor for APAC region.
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