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Automotive Airbags Market is expected to grow at a CAGR of 18.25% during the forecast period| Key Players- AUTOLIV, CONTINENTAL, DELPHI, NEATON, TAKATA, TRW amongst others

04-25-2019 07:48 PM CET | Logistics & Transport

Press release from: Market Prognosis

Market Analysis:

Both North America and Europe to dominate the market
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. Europe is expected to constitute the bulk of the market share with more than 28% share.

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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. Curtain airbags are effective in reducing the impact of side collisions. 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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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

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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