Airbag Market Analysis, Service Type, Overview, Sales Revenue and Growth 2021-2027 - ZF-TRW, Toyota Gosei, Hyundai Mobis

The Airbag market research report provides an in-depth analysis of the current’s trends, latest developments, scenario, market size, various drivers, restraints, and major players along with their profile details. Research report offers the historic data for year 2021 and 2027 and also provides the forecast data from year 2021 to 2027 which is based on revenue. With the help of all these information research report helps the market participants to improve market positions. With the help of all these insights Airbag market research report recommends a business strategy for present market participants to strengthen their position in the market.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: Autoliv, Joyson Safety Systems, ZF-TRW, Toyota Gosei, Hyundai Mobis, Nihon Plast, Ashimori, Jin Heng

The Global Airbag Market Size is Projected to Reach at a CAGR of 9.66% during 2021-2027.

Competitive Landscape

In April 2018, Ningbo Joyson Electronic Corporation acquired all of the global assets of Japan-based Takata Corporation, and the combined company was rebranded as Joyson Safety Systems.

In August 2019, Honda Motor Corp with Autolive Inc., demonstrated a new airbag system. According to the company the new airbag system consists of center chamber, two outward-projecting side chambers that create a wide base across the dashboard and a sail panel that stretches between the two side chambers at their outermost edge. According to Honda the airbag system decelerates the occupant’s head while also engaging the side chambers, pulling them inward to cradle and protect the head.

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Market Overview

Owning to rising accidents, the enactment of stringent safety regulations, and the increasing safety concerns among the consumers is expected to drive the airbag systems market. To meet the increasing standards for safety features in the vehicles, major airbags system manufacturers in the market are investing in the research and development activities.

Covid-19 Impact and Recovery Analysis:

The number one goal of this Airbag Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Airbag market document.

Airbag market Segmentation By Type:

Frontal Airbags

Side Airbags

Curtain Airbags

Knee Airbags

Other

Airbag market Segmentation By Application:

Sedan

SUV

Pickup Truck

Other

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Regional Analysis:

Electric Vehicles to Drive the growth of the Market

The expanding market for electric and hybrid vehicles is a major driver for the airbag systems market. There has been tremendous growth in the electric vehicle market in the country. The United States has the highest number of electric vehicles after China and Europe.

The sales of electric vehicles in the country are expected to increase, owing to a fall in costs of batteries and improvements in technologies, like increased storage capacity which has led to increased adoption by buyers. In order to encourage the sales of electric vehicles, over half of the states in the country are using rebates, tax exemptions, and tax credits

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Market Trends

Silicone Coated Airbags to growth at a fast pace

Silicon coated airbags have captured the largest market share in the United States due to its properties like lighter weight, reduced stiffness, along with higher performance and lower costs, which has propelled many airbag manufacturers to switch from Neoprene coating to Silicone coating. Neoprene is very thick and needed to be mixed with a solvent in order to be applied to the fabric.

Silicone makes the process of inflating the airbag more effective due to its properties like thermal resistance, slip, and protection. During deployment, airbags create heat, and passengers in the vehicle risk getting burnt. Also, the fabric of the airbag cushion must be able to withstand this heat without ripping or tearing. Silicone coating on the airbag helps to protect the fabric from heat and also prevent passengers from getting burnt.

Significant Features and Key Highlights of the Reports:

– Detailed overview of Airbag Market

– Changing market dynamics of the industry

– In-depth Airbag market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Airbag Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Airbag industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Airbag marketplace in the during the forecast period?
Impact of COVID-19:

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

Customization: -

The Global Airbag Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.

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