Automotive Airbags Market Emerging Trends, Business Opportunity and Global Outlook 2021 to 2027: Autoliv, Joyson Safety Systems, ZF-TRW, Toyota Gosei

Global Automotive Airbags Market 2021 research report offers qualitative and quantitative insights in relation to industry growth rate, market segmentation, Automotive Airbags market size, demand and revenue. The current Automotive Airbags market trends that are expected to influence the future prospects of the industry are analyzed in the report. The report further investigates and assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

The Global Automotive Airbags Market is expected to grow at a CAGR 7.34% during the forecast period (2021-2027).

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Automotive Airbags Market: Autoliv, Joyson Safety Systems, ZF-TRW, Toyota Gosei, Hyundai Mobis, Nihon Plast, Ashimori, Jin Heng and others.

Market Overview:

Airbag is one of the automotive safety devices. Automotive airbag consists of flexible fabric envelope or cushion that is designed to inflate at the time of vehicle collision while driving. Main purpose of automotive airbag is to cushion driver during vehicle crash and protect the body when the body strike the interior objects of the vehicle such as the steering, wheel or window. Modern vehicle are designed with multiple airbags situated in different side and frontal location of the person driving the vehicle. Automotive airbags are deployed with sensor which activates the airbags according to the type and severity of the collusion. Modern vehicle consists of airbag control unit which monitors different parts within the vehicle such as wheel speed, side door and break pressure.

Recent Developments

In July 2019, ZF developed an external airbag to enhance vehicle safety. This external airbag is engineered to soften the blow of the oncoming vehicle, thereby minimizing damage. This smart airbag system gets deployed once it senses an oncoming impact.

In February 2018, Hyundai Mobis developed the world’s first panoramic roof airbag. The safety device is designed to prevent occupants from being ejected from the vehicle through the glass roof at the time of a rollover.

In June 2019, Joyson Safety Systems (“JSS”), announced the formation of a Tri-Party Joint Venture to merge its two joint ventures in India. KSS Abhishek Safety Systems Private Limited (“KSSA”), a joint venture of JSS with Abhishek Industries, is being merged with Takata India Pvt. Ltd (“TIPL”). TIPL is a joint venture between ANAND Group and JSS. The new tri-party joint venture will be called “Joyson ANAND Abhishek Safety Systems Private Limited” (“JAASS”). The merger of the two entities is subject to the approval of the National Company Law Tribunal (NCLT).

In April 2019, ZF signed an investment agreement with the government of the city of Huadu, Guangzhou. ZF is going to build a new R&D center in Haudu as a base for developing automotive electronics, brakes, steering, safety systems, new energy vehicles, and driverless vehicles.

In January 2019, Continental added a new assembly line to manufacture airbag control units (ACUs) at its Central Electronics Plant in Bangalore, India.

Global Automotive Airbags Market Split by Product Type and Applications:

This report segments the global Automotive Airbags market on the basis of Types are:

Frontal Airbags

Side Airbags

Curtain Airbags

Knee Airbags

Other

On the basis of Application, the Global Automotive Airbags market is segmented into:

Sedan

SUV

Pickup Truck

Other

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Regional Analysis For Automotive Airbags Market:

North America (The United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Influence of the Automotive Airbags Market Report:
-Comprehensive assessment of all opportunities and risks in the Automotive Airbags market.
-The detailed study of business strategies for the growth of the Automotive Airbags market-leading players.
-Conclusive study about the growth plot of the Automotive Airbags market for forthcoming years.
-In-depth understanding of Automotive Airbags market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Automotive Airbags market.

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What are the market fundamentals that are described in this report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Automotive Airbags Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, researchers throw light on the pinpoint analysis of Global Automotive Airbags. It also measures the sustainable trends and platforms which are the basic roots behind the market growth. The degree of competition is also measured in the research report. With the help of SWOT and Porter’s five analysis, the market has been deeply analyzed. It also helps to address the risk and challenges in front of the businesses. Furthermore, it offers extensive research on sales approaches.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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