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Global Whiplash Protection System Market - Analysis of Growth, Trends, and Forecast (2020 - 2025)

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The market is poised to grow at a CAGR of 13.29% during the forecast period. More than 50 million people get injured in road crashes around the world annually, and it has been found that with the application of the right safety systems, this figure can be brought down considerably. Recently, it was found that most of the Indian hatchbacks, the highest selling vehicles in the country, scored a zero safety rating in the Euro NCAP crash test. This was mainly because the vehicles lacked basic safety equipment. This scenario is rampant in most of the emerging markets that are the fastest growing automobile markets in the world. On the bright side, car manufacturers have taken this finding seriously, and some of them have started incorporating certain safety systems as standard fitment.

Safety regulations to drive the market in future

Whiplash protection systems protect front occupant’s neck from whiplash injuries in the event of a crash. These are generally offered in luxury vehicles as they are not considered essential enough to be incorporated in economy cars. The main reason for this is the extremely budget conscious nature of the buyers in the wider segment that makes it difficult for manufacturers to add such systems. The priority goes to the airbags and ABS systems, post which the manufacturers think of adding other systems. But tighter safety regulations will soon be in place all over the world, making it mandatory for automobiles to feature whiplash protection systems. These systems are the most vital safety solutions when it comes to rear-end collisions and prevent a multitude of injuries. The need for safer driving experience and anticipated regulations for automotive safety is expected to boost the market for whiplash protection systems over the next five years.

                                          

Though Asia-Pacific is the largest automobile market in the world, it lags significantly behind North America in the whiplash protection systems market. However, due to rising purchasing power of the average customer in the region, the whiplash protection systems market is likely to grow the fastest in the region.

Key Developments:

Major Players: Bosch, Autoliv, Delphi Automotive, Hyundai Mobis, Denso Corporation, amongst others

Reasons to Purchase this Report:

  • Latest technology trends adopted by the manufacturers in the whiplash protection industry.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the vehicle segment that is expected to register the highest growth rate in the market.
  • Study on the region and country that are expected to dominate the market.
  • Identify the latest developments, market shares and strategies employed by the major market players.
  • 3 months analyst support, along with the Market Estimate Sheet (in excel).

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