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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