Impact of COVID-19 on the Global Automotive Whiplash Protection Systems Market
The automotive whiplash protection systems market has been negatively impacted in recent months owing to the lockdowns imposed in the majority of the countries. These lockdowns have resulted in temporarily halting the manufacturing of automobiles since the COVID-19 outbreak in December 2019. Also, several countries witnessed curfew-like situations where non-authorized people were not allowed to travel, which has impacted the demand for automobiles. The whiplash protection system (WHIPS) is a system that protects against automotive whiplash injuries majorly caused by rear-end collisions. Volvo was the first to develop this system in 1998, and only after a few years, many other automotive manufacturers started installing the same into their vehicles. The automotive whiplash protection system is one of the essential vehicle systems, which is being given a lot of attention by major vehicle manufacturers. The automotive industry has become one of the major revenue-generating industries with several technological developments in the last few years; the automotive whiplash protection system is one of them. The global automotive whiplash protection systems market has seen remarkable growth in the global market.
The COVID-19 pandemic has hampered the demand for automobiles significantly; however, the demand for automobiles is anticipated to recover in the coming months as several governments prepare to ease the lockdowns in a phased manner. As a result, the demand for automotive whiplash protection systems is anticipated to increase in the coming months. Automotive safety has become a major concern for both users and automotive manufacturers. Safety systems such as seat belts and airbags have evolved at a rapid pace during the past few years. Recently, whiplash protection systems have witnessed high demand from a large number of vehicle users. A whiplash protection system is an arrangement that protects the driver against automotive whiplash injuries. This market has been benefitted by factors such as rising awareness regarding road accidents, strict government regulations and policies on road safety, growing sales of passenger cars, and technological advancements. The demand for automotive whiplash protection systems is anticipated to rebound in the first quarter of 2021 and grow significantly in the coming years.
Source: International Organization of Motor Vehicle Manufacturers (OICA)