Automotive Fabric Coated Airbag Market: Introduction
- Airbags are passive automotive safety systems designed to work best in combination with seat belts, thus making them an occupant-restraint system. They consists of gas-inflated cushions built into the steering wheel, dashboard, door, roof, between seats, or inside seats of the vehicle. These airbags use a crash sensor to trigger a rapid expansion, which protects vehicle occupants from the impact of an accident.
- Airbags are designed to save lives and limit the severity of injuries during a vehicle crash; hence, the fabric used in making the airbags needs to perform with optimal efficiency without tearing or exploding. Consequently, airbags fabric is coated with materials such as silicone or neoprene to enhance the performance characteristics of airbag fabric and the level of safety it offers.
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Key Drivers of Automotive Fabric Coated Airbag Market
- Consistent rise in the number on-road vehicles and congestion in urban areas has led to a significant increase in road-traffic accidents globally. According to statistics of the European Union, more than 23,400 people lost their lives in road accidents on roads in Europe, out of which 45% were vehicle occupants. These concerns regarding the severity of a potential vehicle occupant injury during a vehicle accident has led to the adoption of passive safety systems that reduce the impact of accidents. Automotive airbags have proven their efficacy in reducing fatalities in vehicle accidents. For instance, the U.S. Department of Transportation stated that in 2017, airbags saved lives of 2,790 people on the streets of the U.S. The fabric from which airbags are made needs to possess high strength, heat stability, good aging characteristics, energy absorption, and other characteristics. Therefore, airbag fabrics are coated with chemicals that enhance their performance. Thus, the ability of coated fabric airbags to reduce on-road accident fatality is driving the automotive fabric coated airbag market across the globe.
- Automakers are increasingly focusing on vehicle on-road safety to achieve higher rating from transportation regulatory agencies. High safety ratings better places the vehicle model in the market, and it is considered a highly important factor by customers when purchasing vehicles. For instance, in August 2024, HYUNDAI MOTOR GROUP unveiled a roof-mounted airbag that is coated with silicone to maintain its shape for 6 seconds. These on-going developments of additional airbag mounting locations are increasing the number of airbag units integrated per vehicle, thus boosting the automotive fabric coated airbag market.
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Challenges in Automotive Fabric Coated Airbag Market
- Rise in number of processes performed on airbag fabrics fuels the price of these safety systems, thus inflating the overall vehicle price, which in turn restrains the automotive fabric coated airbag market
Impact of COVID-19 pandemic on Automotive Fabric Coated Airbag Market
- The recent pandemic of COVID-19 has disrupted automotive supply chains, thus creating a shortage of raw materials and components. However, demand for automotive fabric coated airbags is expected to increase in the near future, as governments have lifted restrictions imposed and companies have restarted operations with precautionary measures.
Europe and North America to hold significant share of automotive fabric coated airbag market
- Transportation regulatory agencies such as the U.S. National Highway Traffic Safety Administration and the European Union have mandated airbag technologies in all the vehicles sold in their respective jurisdictions. Furthermore, the populations of these regions have high per capita income, which enables them to afford vehicles with advanced safety systems and multiple airbags. These favorable regulations coupled with high demand for advanced safety systems from consumers are driving the share held by Europe and North America in the global automotive fabric coated airbag market.
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Key Players Operating in Automotive Fabric Coated Airbag Market
The global automotive fabric coated airbag market is highly concentrated due to the presence of top manufacturers. A few of the key players operating in the global automotive fabric coated airbag market are:
- Ascend Performance Materials
- Autoliv Inc.
- Dow
- Elkem ASA
- HYOSUNG ADVANCED MATERIALS
- Joyson Safety Systems
- Kolon Industries, Inc.
- Mid-Mountain Materials, Inc.
- Milliken & Company
- Teijin Aramid B.V.
- TORAY INDUSTRIES, INC.
- TOYOBO CO., LTD.
- Wacker Chemie AG
- ZF Friedrichshafen AG
Global Automotive Fabric Coated Airbag Market: Research Scope
Global Automotive Fabric Coated Airbag Market, by Coating Type
- Silicone Coating
- Neoprene Coating
Global Automotive Fabric Coated Airbag Market, by Fabric Material
- Nylon (Polyamide)
- Polyester
- Others (Aramid, etc.)
Global Automotive Fabric Coated Airbag Market, by Position
- Frontal
- Knee
- Side
- Roof
- Exterior
- Others
Global Automotive Fabric Coated Airbag Market, by Vehicle Type
- Passenger Vehicle
- Luxury/ Premium Vehicles
- Mid-segment Vehicles
- Entry-class Vehicles
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Buses and Coaches
Global Automotive Fabric Coated Airbag Market, by Sales Channel
- OEM
- Aftermarket
Global Automotive Fabric Coated Airbag Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Nordic Region
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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