Automotive Airbag Market Top Key Players – Autoliv, ZF Group, Toyoda Gosei, Joyson Safety Systems, Daicel Corporations, Denso, Kolon Industries, Nihon Plast Co

In the automotive sector, the safety of passengers and pedestrians is a top priority. The increase in the number of vehicles on the road has had a direct impact on the increase in road traffic accidents worldwide. Automakers are particularly focused on improving the overall safety of passengers and drivers. Airbags play an important role in reducing road fatalities.

Request For Sample@ https://bit.ly/3F0efgl

AUTOMOTIVE AIRBAG MARKET DYNAMICS

A major safety aspect in the automotive industry has led to a sharp increase in airbag production. Most passenger cars in the US and Europe are equipped with standard 6 airbags.

The airbag market is expected to grow significantly due to regulatory requirements in India making airbags mandatory.

As of 2020, the frontal airbag segment is the largest market with over 47% of the total market share, with curtain airbags and knee airbags developing rapidly.

AUTOMOTIVE AIRBAG MARKET SEGMENTATION

By Position

• Driver Airbags
• Front Passenger Airbags
• Side Airbags
• Side Curtain Airbags
• Knee Airbags
• Pedestrian Airbags

By OEMs

• Toyota
• GM
• Ford
• Mercedes
• BMW
• Hyundai

By Geography

• US
• Europe
• Japan
• China
• ROW

US AUTOMOTIVE AIRBAG MARKET

In the 1970s, automobile manufacturers such as GM and Ford started using airbags in passenger cars. However, this was not necessary due to imperfect technology. Technological advances and new road safety regulations came into force in 1998 requiring airbags on both sides of the front seats. Since then, the technology used has been continuously improved. Six airbags are standard on all passenger cars today. Pedestrian airbags are also attracting attention, and best-selling vehicles such as Chevrolet Silverado are also equipped with pedestrian airbags.

AUTOMOTIVE AIRBAG MARKET SIZE AND FORECAST

Market leaders are constantly working to improve the quality of airbags and reduce traffic accidents.

It is estimated that around 1.25 million people worldwide die each year in road accidents.
In India, mandatory regulations were published in July 2019. Therefore, all new cars must be equipped with a driver's airbag. Although the commissioning was delayed compared to other regions, it is expected to expand the Indian airbag market.

COMPETITIVE LANDSCAPE

ZF and Autoliv are the leading airbag designers and manufacturers in the global market. They occupy a major market share. Other manufacturers of airbags are Japanese company Toyoda Gosei and American Joyson Safety Systems.

COMPANY PROFILE

• Autoliv
• ZF Group
• Toyoda Gosei
• Joyson Safety Systems
• Daicel Corporations
• Denso
• Kolon Industries
• Nihon Plast Co

Read More Information: https://mobilityforesights.com/product/automotive-airbag-market/

Contact:
Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: Send Email
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

About Us:
We are among the very few market research firms globally, specialized in mobility domain(s). Our zone of research entails automotive, aerospace, marine, locomotive, logistics and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the above domains mentioned.
We envision the future of mobility every single day, following mobility domains is not just our profession rather it’s our passion. We are here, just to serve you in the most ideal way and your fulfillment is above everything else.

This release was published on openPR.