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