Whiplash Protection System Market size is projected to grow at a significant rate during 2022-2028. This can be attributed to the increase in demand to have robust safety features in automobiles to enhance a customer’s driving experience. The global automotive sector is expanding at a robust pace and several smart technologies are being introduced by manufacturers to improve the driver safety.
Whiplash protection systems (WHIPS) contain energy absorbing backrests, seat cushions, and head restraints to avoid serious whiplash injuries in the event of a high impact accident. WHIPS is activated when a rear-end collision takes place and can easily adapt to the angle and speed of the collision. The rising incidence of road accidents has prompted authorities across the world to introduce stringent road safety guidelines to reduce the death rate.
The number of fatalities due to road accidents are rising every year. According to a report published by the WHO, nearly 1.3 million people die every year due to road accidents. The report also states that injuries from these accidents are the leading cause of death for young adults and children falling in the age group of 5-29 years. These statistics depict the consistent need for such systems in automobiles, which may have a positive impact on the demand for whiplash protection systems.
Backrests may occupy a sizeable share of the global whiplash protection system market by 2028. Backrests are an important part of this system as they ensure that the driver does not sustain any major spinal injuries during an accident. There are several companies across the world that are focusing on improving the quality of seating technologies to minimize the spinal damage in the event of an accident, thereby boosting their demand.
The COVID-19 pandemic had a severe impact on the production and sale of whiplash protection systems as several countries across the world saw a notable surge in the number of cases and fatalities. It prompted governments to impose stringent lockdowns and movement restrictions to contain the spread of the virus.
Many industries suffered from severe financial losses during this period. The automotive sector was among the worst affected by the pandemic in the first half of 2020 as there was a sharp decline in the demand for vehicles. This eventually impacted the demand for whiplash protection systems. However, with large-scale vaccination camps taking place across the world, the sector is expected to pick up the pace, which will increase the use of whiplash protection systems in automobiles.
The global whiplash protection system market revenue from passenger vehicles is anticipated to showcase a robust CAGR through 2028. One of the major factors contributing to this is the rising demand for passenger vehicles among customers. The average per-capita income of the world population has shown promising growth in recent years. It has resulted in a high demand for luxury vehicles that come with advanced safety features.
The number of road accidents by passenger vehicles are rising every year. According to the National Highway Traffic Safety Administration (NHTSA), in 2020, an estimated 38,680 people died in motor vehicle accidents, which was a 7.2% increase from the previous year. These figures have driven the need to upgrade the safety features in vehicles to mitigate the risk of severe injuries or death, thereby catalyzing the deployment of whiplash protection systems in passenger vehicles.
China whiplash protection system market is likely to show improvement in the coming years as the country is the largest car manufacturer in the world. Even though China was at the epicenter of the COVID-19 pandemic, it did not cause a severe decline in the sale of passenger vehicles.
China sold over 25 million vehicles in 2020 and the figure is expected to increase in the coming years. Heavy subsidies, tax exemptions, and other measures introduced by the government have played an important role in boosting the sale of automobiles. Such efforts will have a positive effect on the use of whiplash protection systems.
The global whiplash protection system market share will increase at an appreciable rate as leading companies, such as Delphi Automotive (Nexteer Automotive, Aptiv PLC), Denso, Bosch, Continental AG, Nova Biomedical, Randox Laboratories, Autoliv, and Takata Corporation (TKJ Co., Ltd.), among several others, are manufacturing whiplash protection systems for commercial and passenger vehicles across the world.