What Is The Automotive Airbags Market Worth? Rockwell Collins, Triumph Group, Zodiac Aerospace, Takata, Autoliv, Bosch, Delphi, Denso
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Passenger vehicle segment is dominating owing to the increasing customer’s preferences towards the safety features. The customer makes buying decision-based on safety features such as the number of airbags provided in a car for front and rear passenger. The manufacturers are also providing the side airbags and knee airbags in passenger vehicles to improve the safety features along with frontal airbags.
The advances in airbags such as smart airbags with sensors, curtain, and rollover airbags are boosting the automotive airbag market over the forecast period. The automobile manufacturers are investing a high amount in R&D to advance the product, thereby increases passenger safety. The product is designed with supplementary restraint systems (SRS) to offer additional safety excepting the traditional lap-and-shoulder seatbelt used in vehicles. The newly developed front center airbag enhances safety as it deploys from the right side of a driver and provides protection against side crash.
1. Rockwell Collins
3. The Gill Corp.
4. Avcorp Industries
5. Triumph Group
6. Zodiac Aerospace
7. Nordam Group
8. EnCore Group
9. Aim Altitude
11. Advanced Custom Manufacturing
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The coated segment of automotive airbag market will experience high growth owing to improved air inflating function. Airbags coated with chemical such as silicon offer high strength to the product thereby enhancing industry penetration. The high amount of heat is produced when the metal canister inside the airbag explodes. The silicon coating prevents the damaging of airbag due to high temperature during the explosion.
North America will showcase significant growth during the forecast period owing to higher concentration of vehicle manufacturers including General Motors, Fiat, and Ford. The automotive airbag market is rising due to higher adoption of airbags and technological advancements. Also, the supportive U.S. government regulations encouraging the implementation of airbags for passenger’s safety is driving the business growth.
OEM’s hold significant share in the industry owing to supportive government regulations and norms. The governments are mandating the installation of at least two airbags for passenger protection. The industry participants are increasing the implementation of airbags in vehicles to comply with the government norms. The OEMs are producing the advance technology products to compete and increase their market share.
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Some industry participants in the automotive airbag market include Autoliv Inc., ZF Friedrichshafen AG, Toyoda Gosei, Key Safety Systems (KSS), Nihon Plast Co. Ltd, etc.
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