Press release
Automotive Curtain Airbag Market is forescasted to grow at a CAGR of 5.50% during the period 2017-2022
As safety is becoming increasingly important among the passengers, the manufacturers in the automotive industry are integrating enhanced technology that reduces the risk of injury. In an attempt to provide flexible transportation system embedded with security, the automotive manufacturers are installing the automotive curtain airbag systems in vehicles. Unexpected accidents are a result of wear and tear of the vehicle, complex designs of the vehicle, and frictional resistance. During an unexpected accident, the passengers could injure their knees and necks. Attributed to such factors, demand for curtain airbags is expected to increase in the automotive industry globally.
According to a recently published a report, the global automotive curtain airbags market is expected to represent a value of over US$ 200 Mn by the end of 2022.
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Consumption in the Healthcare Industry
Besides the automotive industry, the automotive curtain airbag also witness considerable demand in the healthcare industry. During an unexpected accident, the curtain airbag protect the heads and the necks of the patients. In case of unexpected accident, the system deploys curtain airbag in the position of the attendant and CPR for providing safety to the passengers in the patient compartment. The ambulance manufacturers continue to integrate the roll sensors in the ambulance, which enables the system to deploy protection during an unexpected accident.
Government in various countries are increasingly imposing regulations regarding the safety facilities in the automotive industry. Bound to imposition of government regulations, manufacturers are increasingly installing devices for the safety of the passengers.
With the emerging technology, consumers mainly prefer automotive products that are equipped with safety devices, however the controller needs to keep a track of the foolproof software in order to prevent false alarms. One marker for drop in the sales of automotive curtain airbag is due to deployment of curtain airbag on slight collision of the automotive. Moreover, the automotive manufacturers are increasingly integrating advanced technology that deploy the airbags outside the vehicle in order to ensure that the passengers and the body of the vehicle remain damage-free. Attributed to such factors, demand for automotive curtain airbag is expected to rev up during the forecast period.
OEM to Represent a Leading Segment
Surge in demand for airbags that are resistant to oil, heat, ozone, and chemicals has led manufacturers prefer using neoprene for coating the airbags. Neoprene coated airbag is expected to witness the highest revenue growth in the global market. The neoprene coated segment is expected to represent a value of nearly US$ 50 Mn by the end of 2022. However, the silicone coating segment is expected to register the highest CAGR in the global market throughout 2022.
On the basis of yarn type, the nylon type segment is expected to witness the highest revenue growth in the global market. By the end of 2017, nylon as compared to other types of yarn is expected to represent a value of over US$ 40 Mn globally. The nylon type segment is expected to register the highest CAGR in the global market throughout 2022.
OEM as compared to other channels of sale is expected to witness highest revenue growth in the global market. The OEM segment is expected to represent a value over US$ 50 Mn by the end of 2017. However, sales of the automotive curtain airbag is expected to remain high through the aftermarket channels. The aftermarket channel is expected to register the highest CAGR in the global market throughout 2022.
Mid-sized passenger cars is expected to witness the highest revenue growth in the global market. The mid-sized passenger segment is expected to represent a value of nearly US$ 15 Mn by the end of 2022. However, the compact passenger cars segment is expected to register the highest revenue growth in the global market throughout 2022.
Competition Tracking
Leading market players operating in the global automotive curtain airbags market include Autoliv, Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., and Delphi Automotive PLC.
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