Press release
Australia Passenger Car Airbag Market Value Projected to Expand by 2025
Australia is forecast to show modest growth in the passenger car airbag market. Cohesive government regulation, early adoption of the New Car Assessment Program, consumer awareness toward vehicle safety are among the major factor augmenting the growth of the market. Vehicle recall due to faulty airbags is one of the major challenges for the industry. In Australia, companies such as Audi, BMW, Chrysler, Ferrari, Ford, General Motors Chevrolet, Honda, Jeep and so on have to recall their cars due to faulty airbags.(Get 15% Discount on Buying this Report)
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High adoption of airbags has been witnessed in the country. In cars, the front airbag was introduced in 1990. By 2014, around 80% of the light vehicles have a driver's airbag. In the country, passenger cars have reduced the fatality in road accidents by 25% in a front-impact crash. The government has mentioned various laws regarding the safety of driver and passenger under the Australian Design Rule (ADR). ADR 69 is related to full-frontal crash protection and ADR 73 is rule related to offset frontal impact occupant protection. The Australasian New Car Assessment Program (ANCAP) was founded in 1993. The program focuses on the crash testing of vehicles for the Australian and New Zealand vehicles and also publishes results for consumers.
Australia Passenger Car Airbag Market Segmentation
By Type
· Front Airbag
· Side Airbag
· Curtain Airbag
· Knee Airbag
By Vehicle Type
· Hatchback
· Sedan
· SUV
A full Report of Australia Passenger Car Airbag Market is Available at: https://www.omrglobal.com/industry-reports/australia-passenger-car-airbag-market
Company Profiles
· Autoliv Inc.
· Continental AG
· DENSO Corp.
· Hyundai Mobis Co., Ltd.
· Key Safety Systems, Inc.
· Robert Bosch GmbH
· TRW Automotive Holdings Corp.
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