The Asia Pacific Smart Seat Belt Technology Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
The HARKEN system would identify the mechanical effects of physiological activity, filter and dismiss the noise and artefacts that are typical of moving vehicles, and determine parameters such as the time among heartbeats or the frequency and amplitude of the respiration signal. These results would be produced in a readable format for integration into a fatigue detector.
This system provides various advances that address significant flaws in existing systems.First, smart textile materials are used in place of traditional electrodes to monitor physiological signals. These materials are supported by standard seat and belt fabrics and are made up of a combination of fibres and yarns with electrical properties. However, this places some restrictions on the signals that can be gathered.
China, Japan, and India are among the largest contributors to the Asia-Pacific market. It is anticipated that by 2026, India's automobile industry would rank third globally in terms of production volume. The automotive component industry has also undergone considerable growth over the previous decade. Due to the presence of multinational OEMs in the Indian auto components industry, the localization of their components in the country has increased considerably.
The China market dominated the Asia Pacific Smart Seat Belt Technology Market by Country in 2021; thereby, achieving a market value of $2.4 billion by 2028. The Japan market is anticipated to grow at a CAGR of 6.3% during (2022 - 2028). Additionally, The India market would witness a CAGR of 7.6% during (2022 - 2028).
Based on Propulsion, the market is segmented into ICE, Electric & Hybrid, and Alternate Fuel Vehicle. Based on Sales Channel, the market is segmented into Aftermarket and Original Equipment Manufacturer. Based on Vehicle Type, the market is segmented into Passenger Vehicles, Heavy Commercial Vehicles, and Light Commercial Vehicles. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Smart Seat Belt Technology Market is Projected to reach USD 27.9 Billion by 2028, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Autoliv, Inc., Continental AG, Denso Corporation, Tokai Rika Co., Ltd., ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., GWR Safety Systems, ITW Automotive Products GmbH, Joyson Safety Systems Aschaffenburg GmbH, Yanfeng International Automotive Technology Co. Ltd.
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