Global Automotive Airbag Market is estimated to reach $45,163.8 million by 2026 with a CAGR of 8.1% from 2020 to 2026: Infinity Business Insights

Automotive airbags are designed to protect occupants of a vehicle against injuries in case of a road accident. The airbags are placed at locations that would face maximum impact in the event of a head-on collision with other vehicles or obstacles. The airbags essentially act as cushions and absorb the accidental impact to minimize possibilities of concussions, head injuries, or other wounds.

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The global Automotive Airbag market is mainly classified based on Type and Application. Type is segmented into Driver Front Airbag, Passenger Front Airbag, Side Airbag, Knee Airbag, and Others. By Application, the market is divided into Passenger Cars and Commercial Vehicles.
The Driver Front Airbag by Type holds a considerable share in terms of overall market value owing to the high risks of injury sustained by the driver in case of road accidents. The drivers also risk maximum exposure to high-impact collisions, which might be life-threatening. It is also vital to minimize the chances of injuries sustained for drivers, which would bolster demand and boost the segment growth.

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In terms of volume, the Passenger Cars consumption by Application is poised to garner 731.2 Million Units by 2026; growing at a CAGR of 8.9% during 2020-2026. The consistent rise in the sale of passenger cars has led to the demand for airbags, boosting the segment growth. The rising awareness concerning the safety and security of airbags has also renewed product interest among consumers, which would influence the growth of the segment in the coming years.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

The Automotive Airbag market is highly consolidated, with several key players operating with expansive manufacturing capabilities and extensive product distribution networks. The diversification of business opportunities through strategic collaborations and the launch of new products after thorough innovation and development are the primary business strategies of top players.

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Autoliv, Inc. is one of the most significant companies of the global Automotive Airbag Market in terms of production volume, with Joyson Safety Systems and ZF TRW Automotive Holdings Corp. among many other vendors to hold substantial market share by value and volume.

Automotive Airbag Market Key Segments:
By Type
1 Driver Front Airbag
2 Passenger Front Airbag
3 Side Airbag
4 Knee Airbag
5 Others

By Application
1 Passenger Cars
2 Commercial Vehicles

Key Global Automotive Airbag Industry Players
1 Autoliv, Inc.
2 Joyson Safety Systems
3 ZF TRW Automotive Holdings Corp.
4 Toyoda Gosei Co., Ltd.
5 Hyundai Mobis Co., Ltd.
6 Nihon Plast Co., Ltd.
7 Ashimori Industry Co., Ltd.
8 Daicel Corporation
9 Sumitomo Corporation

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. Emerging segments and regional growth potential

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