Press release
Automotive Side Airbags Market Growth and Forecast 2028
TMR Research
The global automotive side airbags market is foreseen to witness a substantial growth due to rising sale of luxurious cars with all the safety features to minimize the impact of accidents. Increasing awareness about automotive safety features is expanding requirements for automotive side airbags in basic level or entry-level vehicles. Besides, several government authorities over the world have implementedregulations and guidelines that require automotive producers to give passive security frameworks, including automotive side airbags, This is reinforcing the development of the automotive side airbags market.
Get Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=4653
Consistent advancements in technology in airbags are essentially contributing towards improved passenger security with versatile execution for various occupant sizes. Rising inclination towards cost-effective passive safety framework is exhibiting potential development prospects for the automotive airbag frameworks market size. Further, improvement of cost-productive airbag security advancements for side and frontal effect assurance is picking up a highmomentum.
Developing unmistakable quality of vehicle safety prerequisites and crash tests are essentially contributing toward expanded airbag infiltration over the forecast period. Global New Car Assessment Program (NCAP) is successfully contributing in the popularity of safety frameworks for lessening the street fatalities and extreme wounds. Expanding purchaser awareness with respect to wellbeing levels and highlights of tested vehicles will boost the market size.
Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=4653
Stringent necessities for full frontal effect, offset frontal effect, and side effect tests are likely to boost the automotive airbags market size over the anticipated time period. Government bodies are creating laws and guidelines for imposing inhabitant security frameworks.
Automotive Side Airbags Market Introduction
Automotive side airbags are inflatable devices deployed in automobiles to protect occupants or passengers and the driver from head and chest injuries in a side-impact crash. Previously, automotive side airbags were limited to premium and luxury cars. However, growing awareness about automotive safety features is increasing needs for automotive side airbags in mid-range or entry-level vehicles. Furthermore, many governing bodies across the world have imposed rules and regulations that require automotive manufacturers to provide passive safety systems, including automotive side airbags, are bolstering the growth of the automotive side airbags market.
Automotive Side Airbags Market – Notable Developments
ZF Friedrichshafen – a German car parts maker and a leading player in the automotive side airbags market – announced in November 2018, that it is designing ‘far-side’ and ‘dual contour’ airbags to cover extended passenger positions and improve occupant protection in far side crashes. The company announced that these innovative designs of automotive side airbags, which can be deployed immediately prior to a collision, are a part of its advanced external pre-crash system.
Toyoda Gosei Corporation Ltd. – a Japanese manufacturer in the automotive side airbags market – announced, in February 2018, its collaboration with Nippon Kayaku Co., Ltd. – a Japanese explosive manufacturing company – to scale higher in the airbags business. The company is aiming to capitalize on Nippon Kayaku’s expertise in inflator manufacturing to strengthen its market position by improving supply and quality assurance systems for airbags globally.
Takata Corporation – a Japanese manufacturer of automotive components as well as a leading player in the automotive side airbags market – was acquired by Joyson Safety Systems – an automotive safety systems manufacturer, in April 2018. Joyson Safety Systems received funding for the acquisition from a consortium led by Penske Automotive Group (PAG), a U.S.-based auto dealer, and Ningbo Joyson Electronic Corporation, a leading component supplier for global automotive manufacturers.
Some of the most prominent competitors operating in the competitive landscape of global automotive side airbags market include –
Autoliv
ZF Friedrichshafen
Hyundai Mobis
Toyoda Gosei Corporation
Delphi Automotive
Neaton Auto Products Manufacturing Incorporation
Takata Corporation
Nihon Plast
TRW Automotive
Jiangsu Favour & Taihang Changqing
Jinheng Automotive Safety Technology
Yanfeng Automotive Trim Systems
BYD
East JoyLong Motor Airbag
S&T Motiv
Changzhou Changrui
Ashimori Industry
Joyson Safety Systems
Automotive Side Airbags Market Dynamics
Growing Awareness about Advanced Automotive Safety Features Triggers Automotive Side Airbags Market Growth
Consumers are becoming more conscious about driver’s safety as well as safety of the vehicle with an alarming rise in road accidents. Players in the automotive side airbags market identify that the importance of passive safety systems in a vehicle has increased among consumers. Willingness to pay more of premium and advanced safety features, such as automotive side airbags, is triggering innovations in vehicle safety systems, boosting growth of the automotive side airbags market. Leading players in the automotive side airbags market are adopting advanced technologies to further improve key attributes of automotive side airbags and scale higher in the highly competitive automotive side airbags market in the upcoming years.
Burgeoning Sales of Passenger Cars with Advanced Safety Features Boosts Market Growth – Increased Household Income Plays an Important Role
As the negative effects of the Great Recessions continue to mitigate, the global economy has been recovering to a substantial rise in the disposable income of consumers across many countries. According to the ‘OECD Growth and economic well-being Quarterly Sector Accounts’, household income per capita in OECD countries increased by 0.7% in 2018 over 2017. The automotive side airbags market is benefitting from the significant rise in consumers disposable income, as it has improved the affordability of passenger cars with advanced safety features such as automotive side airbags. Thereby, increased awareness about the importance of automotive safety features coupled with increasing discretionary spending is expected to complement growth of the automotive side airbags market.
Higher Deployment of Automotive Side Airbags in Passenger Cars – A Leading Trend in the Automotive Side Airbags Market
As the growth prospects of the parent automotive industry continue to influence growth of the automotive side airbags market, increased automotive production will continue to boost growth of the automotive side airbags market. The global automotive production picked up from over 73.2 million vehicles to more than 97.3 million vehicles during the period 2007-2017, according to the recent statistics published by the International Organization of Motor Vehicle Manufacturers (OICA).
While the positive growth of the automotive industry continues to complement developments in the automotive side airbags market, leading market players are focusing on manufacturing automotive side airbags for passenger car, as passenger cars held a whopping 75% share in the global automotive production as well as sales. Taking into account the recent developments in the passenger car market segment, leading players in the automotive side airbags market are adopting advanced technologies to diversify their product range for high volume mid-segment passenger cars.
Automotive Side Airbags Market Segmentation
Based on the product type, the automotive side airbags market is segmented into
Side Torso Airbags
Side Tubular Airbags or Curtain Airbags
Based on its applications, the automotive side airbags market is segmented into
Commercial Vehicles
Passenger Cars
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Side Airbags Market Growth and Forecast 2028 here
News-ID: 1841650 • Views: …
More Releases from TMR Research
Automotive Vision System Market Share and Growth Factors Impact Analysis 2021 - …
Automotive Vision System Market: Introduction
A system that increases the vehicle driver's perception during night or bad weather conditions is termed as Automotive night vision system (ANVS). The system is otherwise beyond the reach of the vehicle's headlights, thereby prevents accidents at night. It can also be defined as a system which assists the driver by increasing visibility during bad whether while providing safety. Vehicle which have automotive vision system integrated are…
Waste Heat Recovery Market Competitive Landscape Analysis with Forecast by 2031
Waste Heat Recovery Market: Snapshot
The waste heat recovery market has been expected to reach a valuation of US$ 65.87 Bn and expand at a CAGR of 6.90% in the foreseeable years from 2020 to 2030.
The growth opportunities in the waste heat recovery market are attributed to the increasing prices of electricity and energy in the emerging economies. In addition to this, government regulations and incentives are also estimated to contribute…
Physical Fitness Equipment Market Current Trends and Future Aspect Analysis | Ma …
Global Physical Fitness Equipment Market: Snapshot
The physical fitness equipment market has been expected to reach a valuation of US$ 14.8 Bn and expand at a CAGR of 3.3% in the foreseeable years from 2020 to 2030.
The revenue generation opportunities in the physical fitness equipment market are attributed to the increasing enthusiasm among people toward fitness. In recent years, the fitness industry has been growing at a noticeable speed owing to…
Molecular Spectrometry Market Competitive Analysis and Forecast 2021-2031 | Grow …
Global Molecular Spectrometry Market: Snapshot
Molecular spectrometry examines and quantifies the response of molecules on interaction with known amounts of energy. Molecules have some energy levels that can be studied by determining the molecule's energy exchange through emission or absorbance. Molecular spectrometry involves studying emission, absorption, or scattering of electromagnetic waves by atoms or molecules to quantitatively and qualitatively study atoms, molecules or physical processes. The interaction of matter with radiation…
More Releases for Auto
E-Commerce Automotive Aftermarket | (Flipkart, eBay, Auto Zone, Advance Auto Par …
The growing emergence of creative business models is one of the pivotal factors propelling e-commerce automotive aftermarket industry share. At present, the store, brokerage, and social commerce models have been intensely contributing toward the growth of online commerce. Taking into account the growing popularity of electronic commerce across the automotive sector, many giants in e-commerce automotive aftermarket have been making heavy investments to enhance their storage capacity by developing new…
Automotive Valve Market: Worldwide Auto-Accessory, SEECO, Dengyun Auto-parts
MarketResearchReports.Biz has recently announced the Latest industry research report on: "Global Automotive Valve Market" : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts.
This industry study presents the global Automotive Valve market size, historical breakdown data (2013-2018) and forecast (2018-2025). The Automotive Valve production, revenue and market share by manufacturers, key regions and type;
The consumption of Automotive Valve in volume terms are also provided for major countries…
Global Three Wheelers Market 2017- Bajaj Auto Limited, Atul Auto Limited
Apex Market Reports, recently published a detailed market research study focused on the "Global Three Wheelers Market" across the global, regional and country level. The report provides 360° analysis of "Global Three Wheelers Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the Global Three Wheelers industry, and estimates the future trend of Global…
Dallas Auto Paint Offers The Best Auto Body Repair Services
Best Auto Body Repair Services in Dallas, TX
Whether you have dents, dings, scratches, or any other collision damage, you require the help of a professional to fix your car and give it back its factory finish. Dallas Auto Paint is your best shot since they offer top notch services in Dallas. The team is qualified in providing the new paintless dent removal technique, which is quite fast and more efficient…
Dallas Auto Paint Offering You the Best Auto Body Repair Services
Whether you have dents, dings, scratches, or any other collision damage, you require the help of a professional to fix your car and give it back its factory finish. Dallas Auto Paint is your best shot since they offer top notch services in Dallas. The team is qualified in providing the new paintless dent removal technique, which is quite fast and more efficient than its traditional counterpart. For shallow dents,…
Auto Driveaway Provides Reliable and Safe Auto Shipping Services
FOR IMMEDIATE RELEASE
Philadelphia, PA: Recently, Auto Driveaway has been awarded for being one of the most reliable and secure auto shipping companies in the country by renowned entities. The company has more than 40 offices across the country that helps to track and update every detail about the consignment. Every delivery is managed professionally resulting in scheduled delivery without providing any damage, dent or issues to the vehicle.
The company provides…
