The Global Automotive Airbag Market was valued at USD 57.21 billion in 2018 and is projected to reach a value of USD 139.64 billion by 2026, registering a CAGR of 11.80 % during the forecast period, 2021–2026.
An airbag is a safety device equipped in a vehicle to protect a driver and/or passenger as well as pedestrian from severe injuries or death during the accident. The airbag is designed to inflate rapidly during the collision which is made up of polyester or nylon. It is available in various sizes and shapes. The airbag is a gas inflated cushions, which is built into the staring wheel, door, roof, or seat that use a crash sensor to trigger a rapid expansion to protect from the impact of an accident. An airbag system is formerly known as the Supplementary Restraint System (SRS) or an air cushion restraint system (ACRS).
The tremendous growth in the production of passenger vehicles due to expanding middle-class, transmuting lifestyle predilections as well as growing inclination towards utilization of electric vehicles are the major drivers that fueled the growth of the automotive airbag market. According to the International Organization of Motor Vehicle Manufacturers, 72 million passengers and commercial vehicles were produced in 2016 with an increment of over 4.5% from 2015. Cars hold around 74% of the total motor vehicle annual production in the world.
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The Major Manufacturers Covered in this Report:
Autoliv Inc. (Sweden), Daicel Corporation (Japan), ZF Friedrichshafen AG (TRW Automotive) (Germany), Aptiv PLC (Delphi Automotive) (Ireland), Key Safety Systems Inc. (Takata) (U.S.), Tokai Rika Co. Ltd. (Japan), TOYODA GOSEI Co., Ltd. (Japan), Denso Corp., Hyundai Mobis (South Korea), Neaton Auto Products Manufacturing Inc. (U.S.), and Bradford Industries, Inc. (U.S.). These players are trying to recognize the needs of market in developing countries and expanding their strategies to improve business needs.
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2026
Driver Front Airbag
Passenger Front Airbag
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Additionally, the analysis also delivers a comprehensive review of the crucial players on the Automotive Airbag Market along with their company profiles, SWOT analysis, latest advancement and business plans.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Automotive Airbag Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Automotive Airbag Market sub-markets, depending on key regions (various vital states).
To analyze the Global Automotive Airbag Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Automotive Airbag Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Automotive Airbag Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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