South & Central America Automotive Airbags and Seatbelts Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Airbags Type (Front, Knee, Side and Curtain), Seatbelts Type (2-point and 3-point), and Vehicle Class (Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles)
The automotive airbags and seatbelts market in South & Central America is expected to grow from US$ 2,580.36 million in 2022 to US$ 3,469.43 million by 2028. It is estimated to grow at a CAGR of 5.1% from 2022 to 2028.
Growing Initiatives for Introducing Regulatory Standards Related to Vehicle Safety
The automotive industry is a pillar of the South & Central America economy. It plays a crucial role in a country's economy and helps build macroeconomic growth and stability in developed and developing countries, spanning many adjacent sectors. After the pandemic, a sharp increase in car sales and a significant rise in traffic accidents have become increasingly frequent and severe. At the same time, with the rapid development of science and technology, automotive technology has also been rapidly improved, and automotive safety technology has gradually become involved in all aspects of the car. Thus, such initiatives for introducing regulatory standards related to vehicle safety are fuelling the market growth.
Market Overview
South America has the presence of major automakers, including General Motors, Volkswagen, Hyundai, Ford, Toyota, Peugeot, and Renault. Further, the national regulatory bodies of various countries in the region have realized the importance of the automotive industry and are taking initiatives to develop the automotive industry. For instance, an initiative by the Brazilian authority regarding Route 2030 (a scheme of tax credits worth billions of dollars to auto and auto-parts manufacturers in Brazil) was announced in 2017, which was eagerly anticipated as the industry struggles to grow sustainably following the country's exit from recession in 2017. Route 2030 offered US$ 535 million in tax incentives from 2019 to eligible manufacturers and US$ 382 million annually, which will continue till 2030. The program applies specifically to profitable auto companies actively investing in research & development, especially those creating technologies that boost energy efficiency within Brazil. Similarly, in 2017, Argentine President Mauricio Macri announced a US$ 1 million plan for the development of the automotive industry, under which the country aimed to produce 750,000 cars annually by 2019 and ~1 million units by 2023. Therefore, the government initiatives to support the growth of the automotive industry will strengthen the automotive manufacturing industry, which is likely to support the growth of the automotive airbags and seatbelts market in the region.
South & Central America Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Automotive Airbags and Seatbelts Market Segmentation
The South & Central America automotive airbags and seatbelts market is segmented into airbags type , seatbelts type, vehicle class, and country.
- Based on airbag type , the market is segmented into front, knee, side and curtain. The front segment registered the largest market share in 2022.
- Based on seatbelts type , the market is segmented into 2-point and 3-point. The 3- point segment held the largest market share in 2022.
- Based on vehicle class , the market is segmented into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment held the largest market share in 2022.
- Based on country, the market is segmented into Brazil , Argentina and Rest of South & Central America. Brazil dominated the market share in 2022.
Autoliv Inc. ; Continental AG ; Denso Corporation ; INFINEON TECHNOLOGIES AG ; Robert Bosch GmbH ; ZF Friedrichshafen AG ; Hyundai Mobis ; Joyson Safety Systems and Toyoda Gosei Co., Ltd. are the leading companies operating in the automotive airbags and seatbelts market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South & Central America Automotive Airbags and Seatbelts Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 South America
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South & Central America Automotive Airbags and Seatbelts Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing Initiatives for Introducing Regulatory Standards Related to Vehicle Safety
5.1.2 Increasing Advancements in Airbag and Seatbelt Technologies
5.2 Market Restraints
5.2.1 High Operating and Maintenance Costs
5.3 Market Opportunities
5.3.1 Growing Awareness About Vehicle Safety Features
5.4 Future Trends
5.4.1 Growing Adoption of Electric Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Airbags and Seatbelts Market – South & Central America Market Analysis
6.1 South & Central America Automotive Airbags and Seatbelts Market Overview
6.2 South & Central America Automotive Airbags and Seatbelts Market Forecast and Analysis
7. South & Central America Automotive Airbags and Seatbelts Market Analysis – By Airbags Type
7.1 Overview
7.2 South & Central America Automotive Airbags and Seatbelts Market, By Airbags Type (2021 And 2028)
7.3 Front
7.3.1 Overview
7.3.2 South & Central America Front: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
7.4 Knee
7.4.1 Overview
7.4.2 South & Central America Knee: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
7.5 Side and Curtain
7.5.1 Overview
7.5.2 South & Central America Side and Curtain: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
8. South & Central America Automotive Airbags and Seatbelts Market Analysis – By Seatbelts Type
8.1 Overview
8.2 South & Central America Automotive Airbags and Seatbelts Market, By Seatbelts Type (2021 And 2028)
8.3 2-point
8.3.1 Overview
8.3.2 South & Central America 2-point: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
8.4 3-point
8.4.1 Overview
8.4.2 South & Central America 3-point: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
9. South & Central America Automotive Airbags and Seatbelts Market Analysis – By Vehicle Class
9.1 Overview
9.2 South & Central America Automotive Airbags and Seatbelts Market, By Vehicle Class (2021 and 2028)
9.3 Passenger Cars
9.3.1 Overview
9.3.2 South & Central America Passenger Cars: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
9.4 Light Commercial Vehicles
9.4.1 Overview
9.4.2 South & Central America Light Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
9.5 Heavy Commercial Vehicles
9.5.1 Overview
9.5.2 South & Central America Heavy Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast To 2028 (US$ Million)
10. South & Central America Automotive Airbags and Seatbelts Market – Country Analysis
10.1 SAM: Automotive Airbags and Seatbelts Market
10.1.1 Overview
10.1.2 SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
10.1.3 SAM Automotive Airbags and Seatbelts Market Breakdown, By Country
10.1.3.1 Brazil Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028
10.1.3.1.1 Brazil Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type
10.1.3.1.2 Brazil Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type
10.1.3.1.3 Brazil Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class
10.1.3.2 Argentina Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028
10.1.3.2.1 Argentina Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type
10.1.3.2.2 Argentina Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type
10.1.3.2.3 Argentina Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class
10.1.3.3 Rest of SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028
10.1.3.3.1 Rest of SAM Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type
10.1.3.3.2 Rest of SAM Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type
10.1.3.3.3 Rest of SAM Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class
11. Industry Landscape
11.1 Market Initiative
11.2 New Development
12. Company Profiles
12.1 Autoliv Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Denso Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 INFINEON TECHNOLOGIES AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Robert Bosch GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ZF Friedrichshafen AG
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hyundai Mobis
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Joyson Safety Systems
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Toyoda Gosei Co., Ltd.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South & Central America Automotive Airbags and Seatbelts Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Airbags Type (US$ million)
Table 3. SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Seatbelts Type (US$ million)
Table 4. SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Vehicle Class (US$ million)
Table 5. SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 6. Brazil Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Airbags Type (US$ million)
Table 7. Brazil Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Seatbelts Type (US$ million)
Table 8. Brazil Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Vehicle Class (US$ million)
Table 9. Argentina Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Airbags Type (US$ million)
Table 10. Argentina Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Seatbelts Type (US$ million)
Table 11. Argentina Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Vehicle Class (US$ million)
Table 12. Rest of SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Airbags Type (US$ million)
Table 13. Rest of SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Seatbelts Type (US$ million)
Table 14. Rest of SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 – By Vehicle Class (US$ million)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. South & Central America Automotive Airbags and Seatbelts Market Segmentation
Figure 2. South & Central America Automotive Airbags and Seatbelts Market Segmentation – By Country
Figure 3. South & Central America Automotive Airbags and Seatbelts Market Overview
Figure 4. Front Segment held the Largest Share of Automotive Airbags and Seatbelts Market
Figure 5. Brazil to Show Great Traction During Forecast Period
Figure 6. South America – PEST Analysis
Figure 7. Ecosystem Analysis: Automotive Airbags and Seatbelts Market
Figure 8. Expert Opinion
Figure 9. South & Central America Automotive Airbags and Seatbelts Market: Impact Analysis of Drivers and Restraints
Figure 10. South & Central America Automotive Airbags and Seatbelts Market Forecast and Analysis (US$ Million)
Figure 11. SAM Automotive Airbags and Seatbelts Market Breakdown, By Airbags Type, 2021 & 2028 (%)
Figure 12. South & Central America Front: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. South & Central America Knee: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. South & Central America Side and Curtain: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. SAM Automotive Airbags and Seatbelts Market Breakdown, By Seatbelts Type, 2021 & 2028 (%)
Figure 16. South & Central America 2-point: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. South & Central America 3-point: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. SAM Automotive Airbags and Seatbelts Market Breakdown, By Vehicle Class, 2021 & 2028 (%)
Figure 19. South & Central America Passenger Cars: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. South & Central America Light Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. South & Central America Heavy Commercial Vehicles: Automotive Airbags and Seatbelts Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
Figure 23. SAM Automotive Airbags and Seatbelts Market Breakdown, By Country, 2021 & 2028 (%)
Figure 24. Brazil Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
Figure 25. Argentina Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
Figure 26. Rest of SAM Automotive Airbags and Seatbelts Market, Revenue and Forecast to 2028 (US$ million)
- Autoliv Inc.
- Continental AG
- Denso Corporation
- INFINEON TECHNOLOGIES AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Hyundai Mobis
- Joyson Safety Systems
- Toyoda Gosei Co., Ltd.
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