Automotive Whiplash Protection System (WPS) Market: Europe is Expected to Emerge as the Second Most
According to a study by Fact.MR, the global market for automotive whiplash protection system (WPS) is likely to experience strong growth. The market is projected to bring in US$ 2,336.4 million revenue by 2022 end.
[ClickPress, Wed Jun 12 2019] According to a study by Fact.MR, the global market for automotive whiplash protection system (WPS) is likely to experience strong growth. The market is projected to bring in US$ 2,336.4 million revenue by 2022 end. With the introduction of various rules and standards for vehicle safety in various countries and the increasing importance of vehicle safety ratings across the globe are some of the major factors resulting in the implementation of automotive whiplash protection system in the vehicles.
Technological developments have pushed automotive manufacturers to introduce smart equipment, as such, the use of sensors with respect to anti-whiplash seats are being witnessed to detect the repercussion at the time of collision.
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There has been myriad of anti-whiplash seat and head restraints designs, incorporating automatic smart head restraints, designs with enhanced head restraint geometry, reactive head restraint and seat, bespoke seat foam and proactive head restraints to absorb impact energy.
Highlights on Global Automotive Whiplash Protection System (WPS) Market
- North America is expected to remain dominant in the global automotive Whiplash Protection System (WPS) market. By the end of 2022, North America automotive WPS market is estimated to surpass US$ 700 million. Owing to the government introducing regulations and safety standards for the automotive industry, hence, majority of manufacturers are implementing safety systems in vehicles. This is driving the automotive WPS market in North America.
- Europe is expected to emerge as the second most lucrative market. Recent advances in the vehicle safety rating system in the region is contributing to the growth of the automotive WPS market in Europe.
- Reactive head restraints-RHR system is expected to the most preferred automotive whiplash protection system. By the end of 2022, reactive head restraints system is estimated to reach nearly US$ 600 million revenue. Meanwhile, pendulum system is also expected to show impressive growth during the forecast period.
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Automotive Whiplash Protection System (WPS) Market: Overview
The report provides a coherent analysis on the Whiplash Protection System Market with the assistance of qualitative and quantitative analysis. The report also focuses on the dynamics of the automotive whiplash protection system (WPS) market, elucidating drivers, opportunities, restraints and trends. Further, the report delves into the segregation of the market to offer a holistic picture of automotive whiplash protection system (WPS).
Considering the wide scope of the global automotive whiplash protection system (WPS) market, the report by Fact.MR provides in-depth and segment-wise analysis. The global market for automotive whiplash protection system (WPS) is segmented on the basis of system type, sales channel, vehicle type, and region. This segmentation also offers country-wise analysis on all the key parameters.
High Sales through Original Equipment Manufacturer (OEM)
Original Equipment Manufacturer (OEM) is likely to be the most lucrative sales channel. Sales of automotive whiplash protection system through OEM is estimated to bring in more than US$ 2,000 million by 2022 end. Although aftermarket sales channel is also expected to experience healthy growth.
Automotive Whiplash Protection System (WPS) Market: Competitive Scenario
Keyplayers include Autoliv Inc., Takata Corporation, Robert Bosch GMBH, Delphi Automotive Plc, ZF Friedrichshafen AG, Continental AG, GRAMMER AG, Lear Corporation, Hyundai Mobis Co., Ltd, and Nin
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