Automotive Whiplash Protection System Market to Register 7.2% CAGR by 2030

Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Automotive Whiplash Protection System  Market Research Report

Overview:

Automotive whiplash protection system market is getting driven by demands for safety both by manufacturers and consumers. The global automotive whiplash protection system market can expect growth of 7.2% CAGR during the forecast period (2022-2030). Market Research Future (MRFR) in a detailed report on automotive whiplash protection system market has revealed that among the many triggers demand for a safe ride, emerging economies with high disposable income, and rising demand for high-end cars can impact the market significantly. It was Volvo who first installed such technology in cars which was soon picked up by others. Stringent government regulations, road safety policies, demand for personal cars and technological advancements are also some factors that can be beneficial for coming years.

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However, raw materials for automotive whiplash protection incurs high cost, and its installation is not cost-efficient. These factors can bottleneck the expected market growth during the forecast period.

Industry Trends:

Volvo S60 in 2018 comes with a whiplash protection system WHIPS that has been designed to protect riders from serious injuries. The seat has been designed specifically to give further cushioning to neck in case of collisions.

Segmentation:

The global automotive whiplash protection system market can be segmented by type and vehicles type.

On the basis of type, the automotive whiplash protection system market can be segmented into headrest, backrest, and others. In terms of revenue, the headrest segment is expected to dominate the global market.

On the basis of vehicle type, the automotive whiplash protection system market can be segmented as passenger vehicles and commercial vehicles. Passenger vehicles, by far, have accounted for the highest market share.

Regional Analysis:

Geographically, the global automotive whiplash protection system market includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is dominating the global automotive whiplash protection system market, and in it the region benefits much from strict regulations on road safety, rising disposable income and growing new vehicle registration. Furthermore, the regional automotive sector is witnessing a fresh lease of life which can take the market ahead.

Europe is the second leading region in terms of revenue. The region is spending handsomely for research and development in terms of road safety. At the same time, the regional automotive sector is well-formed which can boost the market.  

The APAC has emerged as the fastest growing region. The automotive industry is flourishing in the region, and with economies coming out big, people now have the financial strength to buy their cars. The region has sold the highest number of cars which can be seen as a positive sign for the automotive whiplash protection system market. China, Japan, and Indonesia contribute much significantly.

Market Insights:

The market is banking heavily on the tactical moves implemented by manufacturers in a bid to stay afloat in the market. However, this is also a method which keeps the market moving forward. In 2018, Key Safety Systems has acquired Takata Corporation, premium air-bag makers. This will ensure definitive progress for the market. Cevian Capital II GP Limited is taking control of Veoneer, Inc, a subsidiary company of leading automotive safety systems manufacturer Autoliv, Inc.

The prominent players in the automotive whiplash protection system market include Robert Bosch (Germany), Delphi Automotive (UK), Hyundai Mobis (South Korea), Continental AG (Germany), Grammer AG (Germany), Autoliv Inc. (Sweden), Lear Corporation (US), Takata Corporation (Japan), Volvo Group (Sweden) and others.