Based on industry data, Lifebelt estimates the global vehicle seat market has revenues approaching USD 50 billion. Lifebelt will enter the market through a product development and manufacturing licensing arrangement. Management expects that successful commercialisation will result in yearly revenues from this USD50 billion market to exceed USD100 million based on 5% market uptake by 2020 and a 5% licensing fee.

2017
2017  Entrant
Industry