Automotive Airbags Market is expected to grow at a CAGR of 18.25% during the forecast period (2018-2023)| Major Vendors – Visteon, Autoliv, Continental, Delphi, East Joy Long Motor, Sumitomo, Takata, Toyoda Gosei, amongst others

Market Analysis:

Europe to Dominate the Market
Europe is expected to constitute the bulk of the market share with more than 28% share. The installation rates of curtain airbags in new vehicles are expected to exceed 65% in both North America and Europe by the end of 2018, driven by more stringent regulations in these regions.

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In an effort to develop safer cars, OEMs are providing airbags for additional safety. A recent innovation is the use of curtain airbags that have proven to be very valuable in the event of an accident. Increased emphasis on safety by the OEMs coupled with the growing pressure from regulatory bodies is helping to drive the growth of this market. The significant reduction in the cost of these airbags has resulted in greater adoption among the high volume mid-segment vehicles. Vehicles equipped with curtain airbags have earned significantly higher safety ratings as they are effective in reducing the impact of side collisions.

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Market Segments:
Automotive Airbags Market is segmented by:
1. Application: Torso Curtain Airbags, Head Curtain Airbags, Combo Curtain Airbags
2. End-User: OEM, Aftermarket
3. Vehicle Type: Hatchbacks and Sedans, SUV and Crossovers, Premium Vehicles, Commercial Vehicles
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Furthermore, the increasing demand for micro cars that use curtain airbags to protect the passengers' necks will help in driving the need for curtain airbags. If curtain airbags prove effective for rear collisions, they could be instrumental in helping improve public perception of small and efficient cars.

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