Whiplash Protection System Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026
Report ID: GMI2162
Whiplash Protection System Market size is anticipated to witness healthy growth during 2020 to 2026. Emergence of regulations regarding automotive safety due to burgeoning need for safer driving experiences is anticipated to augment the market growth. Several global authorities such as the NCAP (New Car Assessment Program) assess and certify new cars based on their safety features, in turn boosting the awareness as well as adoption of whiplash protection systems in vehicles.
Whiplash protection systems are automotive safety features designed to mitigate risk of whiplash. These systems include impact-absorbing seat cushions and backrests, as well as specially designed front seat head restraint. The robust ability of these systems to protect car occupants during accidents, particularly rear-end collisions, is a major factor contributing to whiplash protection system market penetration over the forecast spell.
The rising prevalence of injuries and road fatalities caused due to lack of automotive safety features is a major trend propelling whiplash protection system market expansion. Studies suggest that nearly 1.35 million people perish in road-related accident annually. Furthermore, whiplash is considered to be one of the most common injuries associated with vehicular accidents and is highly responsible for incidents of disability. Given this situation, many companies have rapidly started integrating advanced safety devices and features in their vehicles, in an effort to protect occupants during collisions or accidents.
This rising awareness of the significance of automotive safety systems alongside the increasing integration of these devices in modern vehicles is likely to add impetus to whiplash protection system industry growth.
The backrest segment is emerging as a major contributor to whiplash protection system market growth. Backrests offer the support needed in vehicles to adapt to the movement of the body. Major automotive entities like Volvo have developed antiwhiplash devices such as the Whiplash Injury Prevention seat, which has an energy-absorbing recliner feature and yielding seatback center, which helps reduce the acceleration of occupants during collisions.
Major players bolstering the whiplash protection system market share include Denso, Delphi Automotive (Nexteer Automotive, Aptiv PLC), Continental AG, Autoliv, Grammer AG (Ningbo Jifeng Auto Parts), Bosch, Takata Corporation (TKJ Co., Ltd.), Randox Laboratories, and Nova Biomedical.
Major players in the automotive domain are taking strategic decisions to enhance the safety of their offerings, as well as to sustain in the competitive market space.
For instance, Volvo has developed the EVA initiative, in order to make their vehicles safer for women and children, by including features such as specially designed whiplash protection systems like the WHIPS, which consists of sturdy head restraints and smart seat designed to adapt to the anatomy of both male and female occupants and safeguard the head and spine.
The Coronavirus Pandemic (COVID-19) has influenced every facet of life worldwide. This has contributed to many shifts in business conditions, especially in the automotive domain. Although the situation in China is gradually beginning to stabilize, a majority of US and European auto manufacturing landscape is still facing tremendous uncertainty as to when plants can restart regular production. The consequences of the pandemic have manifested in several ways in the auto industry, as job losses and a nearly 16% decline in car production, which is in turn delivering a significant hit to GDP. Furthermore, automotive sales worldwide are predicted to witness a drop of nearly 12% in 2020, a trend which could have potentially long-term effects on the industry.
Despite the turbulent situation, however, certain automotive industry players are working on developing contingency plans and initiatives in an effort to recover from the economic upheaval caused by the crisis and adapt to a new normal. This, in turn could spell potential recovery for the whiplash protection system market outlook, once vehicle production and sale levels begin to normalize in the post pandemic era.
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