Press release
Automotive Airbag Market 2021, Global Industry Analysis, Size, Share, Growth, Trends and Forecast โ 2028 : Autoliv, Inc., Robert Bosch GMBH, Continental AG, Delphi Automotive PLC
Automotive airbags are designed to provide protection and support for the passengers in case of an accident. Airbags work by inflating and deflating a foam that is filled insole, which contracts back in response to pressure exerted on the body of the passenger. There are two types of automotive airbag systems available on the market today. The first, known as the passive system, is the most common type used in cars today, while the active airbag uses a system of pumps and elastomeric membranes to inflate the airbag system. Governments of many countries have started implementing stringent regulations regarding vehicle safety. Governments of many countries have made or are making airbags mandatory in new vehicles, in order to optimize occupant safety. For instance, in December 2020, the Government of India announced that front passenger airbag will be mandatory from April 1, 2021, while models currently being sold in the market it will be mandatory from June 2021. Such regulations could stimulate growth of the automotive airbag market.
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Similar to the government authorities, consumers are increasingly demanding a safer and more efficient driving experience. As a result of this, automakers are introducing advanced airbag systems to provide optimum safety to drivers and passengers. Hence, these factors can augment growth of the automotive airbag market in the near future.
Major Key players in this Market:
Autoliv Inc.
Robert Bosch GMBH
Continental AG
Delphi Automotive PLC
Denso Corporation
Takata Corporation
Toyoda Gosei Co. Ltd.
Nihon Plast Co. Ltd.
Hyundai Mobis Co. Ltd.
Key Safety Systems Inc.
Another important consideration for airbag deployment is the amount of force needed to deploy the airbag. For instance, for vehicles with built-in airbags, the driver must apply more force to activate the airbag than for vehicles without built-in airbags. This is to prevent the airbag from deploying too early or too late during a crash. Despite its numerous advantages, the maintenance and repair operations of airbags are a costly business. Besides, automakers are developing active safety systems that could potentially replace automotive airbags in the future. Hence, such factors can impede growth of the automotive airbag market.
Automotive Airbag Market Segmented Into :
On the basis of product type, the global automotive airbag market is segmented into:
Front Airbag
Side Airbag
Curtain Airbag
Knee Airbag
On the basis of fiber, the global automotive airbag market is segmented into:
Nylon
Polyester
On the basis of coating, the global automotive airbag market is segmented into:
Neoprene Coating
Silicone Coating
Non-Coated
On the basis of component, the global automotive airbag market is segmented into:
Air Bag Module
Crash Sensors
Monitoring Unit
Others
On the basis of vehicle type, the global automotive airbag market is segmented into:
Passenger Cars
Commercial Vehicles
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Regional Classification
The Automotive Airbag market is divided into five areas, each with its own development possibilities and current trends: Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The report was created through extensive research and analysis, as well as examination of numerous elements that may influence regional growth, such as each region's economic, political, environmental, technical, and social condition. It also includes a complete analysis of each region's recognised manufacturers, production, and revenue, as well as the top influencing elements, critical data, and data segmented both regionally and globally.
Method of Research
The purpose of this section's research is to examine the Automotive Airbag market over the course of the review period using several validated metrics based on Porter's Five Force Model. As a result, a thorough examination of the market aids in identifying and emphasising the market's primary strengths and weaknesses as it progresses. Furthermore, the study was created using a combination of primary and secondary research, including interviews, surveys, and observations from seasoned analysts, as well as reliable paid sources, trade magazines, and industry body databases. Beyond important points in the industry's value chain, the study includes a complete qualitative and quantitative assessment based on data gathered from industry analysts and market players.
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