Automotive Airbag Market: Introduction
The global automotive airbag market was valued over
US$ 12.1 Bn in 2020. It is estimated to expand at
a CAGR of 8% from 2021 to 2031.
Automotive airbags are vehicle passenger restraint systems that help protect
the head and chest of the passenger in case of vehicle collision or crash. The
airbags are designed in a way that they respond and inflate in milliseconds,
providing a cushioning effect to vehicle passengers. The automotive airbags
market is estimated to expand consistently during the forecast period. The
enactment of stringent regulations pertaining to occupant safety in vehicles
across the globe is anticipated to drive the global automotive airbag market.
For instance, in the U.S., front airbags are mandatory since 1999 on
both passenger and driver side. Increasing awareness about safety features
among the population across the globe is another prominent factor boosting the
global automotive airbag market. Automakers are providing airbag as a feature
in their vehicles in order to attract more number of consumers to purchase
their vehicles. This, in turn, is anticipated to further propel the global
automotive airbag market.
Major Key Players of
the Automotive Airbag Market are:
Aptiv Inc., Autoliv Inc., Calsonic Kansei Corporation (Mareli), Continental
AG, Delphi Automotive, Denso Corporation, Hella GmbH & Co. KGaA, Hyundai
Mobis Co. Ltd, INVISTA, Joyson Safety Systems, Magna International, Nihon
Plastic Company Co. Ltd, Robert Bosch GmbH, Takata Corporation, Toyota Gosei,
Valeo SA, and ZF Friedrichshafen.
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Expansion of Automotive Airbag Market
Rise in transportation activities globally is expected to
boost the demand for vehicles. A steady rise in employment, business
investment, and industrial productivity has contributed toward continual
increase in gross domestic product and real disposable income. Increase in per
capita income, along with rapid industrialization has fueled the sales of passenger
vehicles and commercial vehicles across the globe for transportation of people
and goods. Moreover, regulatory authorities across major counties such as
China, Japan, the U.S., and India influence the automotive industry.
For instance, the NHSTA, U.S. is responsible for mandating
safety related regulations across the country. The ruling party in a nation can
bring changes in the regulations by means of amending previous regulations. For
instance, in India, from April 2021, automakers have been advised
to install airbags on both sides of front seats in a vehicle.
Global Automotive
Airbag Market: Segmentation
Automotive Airbag
Market, by Application
·
Frontal Position
·
Side Position
·
Side Curtains
·
Rear Position
·
Knee Position
Automotive Airbag
Market, by Component
·
Airbag Inflator
·
Diagnostic Monitoring Unit
·
Crash Sensor
·
Others
Automotive Airbag
Market, by Vehicle Type
·
Passenger Vehicle
·
Commercial Vehicle
·
Electric Vehicle
Automotive Airbag
Market, by Seat Configuration
·
Single Row Configuration
·
Lounge Configuration
·
Double Row Configuration
·
Others
Automotive Airbag
Market, by Fabric
·
Coated
·
Non-coated
Automotive Airbag
Market, by Material
·
Polyester Fiber
·
Nylon
·
Others
Automotive Airbag
Market, by Sales Channel
·
OEM
·
Aftermarket
Research objectives:-
– To study and analyze the global Automotive Airbag
consumption (value & volume) by key regions/countries, product type and
application, history data.
– To understand the structure of the Automotive Airbag
market by identifying its various sub-segments.
– Focuses on the key global Automotive Airbag manufacturers,
to define, describe and analyze the sales volume, value, market share, market
competitive landscape, SWOT analysis, and development plans in the next few
years.
– To analyze the Automotive Airbag with respect to
individual growth trends, future prospects, and their contribution to the total
market.
– To share detailed information about the key factors
influencing the growth of the market (growth potential, opportunities, drivers,
industry-specific challenges and risks).
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