Wearable Air Bag Market to Set Phenomenal Growth in Key Regions By 2030

According to the Market Statsville Group (MSG), the global wearable airbag market size is expected to grow at a CAGR of 8.1% from 2022 to 2030. Wearable airbags are typically made of nylon, in which nitrogen or argon gases are used to inflate the bag. The airbags are equipped with advanced technology which pre-determines the fall and inflates the bag to provide cushion and safety to the user. Several factors are expected to support the market growth globally, such as supportive government initiatives coupled with the high competition in the automotive industry. Moreover, the introduction of smart airbags, and the integration of smart sensors and AI, are expected to further accelerate the market's growth in forthcoming years at the global level.

COVID-19 Impact on the Global Wearable Air Bag Market

The demand for wearable airbags declined drastically in COVID-19 due to the global lockdown, and all sports activities were postponed. Adventure tournaments, such as bike races activities were halted amid the pandemic. Hence, the demand for wearable airbags reduced abruptly during the pandemic. Furthermore, there was a demand for vest airbags from the healthcare industry to reduce the elderly fall. However, there were chances of cross-contamination inhibiting its use during COVID-19. Also, the disrupted supply chains and high cost of raw materials negatively impacted the market's growth.

Get Full PDF Sample Copy of Report@ https://www.marketstatsville.com/request-sample/global-wearable-airbag-market

Scope of the Global Wearable Air Bag Market
The study categorizes the wearable air bag market based on material airbag type, product type, application, distribution channel, and end-use industries at the regional and global levels.

By Airbag Type Outlook (Sales, USD Million, 2017-2030)
Vest Airbag
Head Airbag
Knee Airbag
Others
By Product Type Outlook (Sales, USD Million, 2017-2030)
Airbag Belt
Airbag Jack
Make an Enquire before Purchase @ https://www.marketstatsville.com/buy-now/global-wearable-airbag-market?opt=2950

By Application Outlook (Sales, USD Million, 2017-2030)
Motorsports
Equestrian
Bicycle
Elderly Anti-Fall
Others
By Distribution Channel Outlook (Sales, USD Million, 2017-2030)
Online Channels
Offline Channels
By End-Use Industries Outlook (Sales, USD Million, 2017-2030)
Sports Industry
Adventure Industry
Healthcare Industry
Others
By Region Outlook (Sales, USD Million, 2017-2030)
North America
US
Canada
Mexico
Europe
Germany
Italy
France
UK
Spain
Poland
Russia
The Netherlands
Norway
Czech Republic
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia
Malaysia
Thailand
Singapore
Australia & New Zealand
Rest of Asia Pacific
South America
Brazil
Argentina
Colombia
Rest of South America
The Middle East & Africa
Saudi Arabia
UAE
South Africa
Northern Africa
Rest of MEA
Vest airbags segment accounts for a major market share in the market by airbags type
The vest airbags hold a major share of the wearable airbags market in 2021. It protects the whole trunk part and reduces the chances of other body parts injury by providing cushion and safety to the users. Moreover, the head airbags are estimated to showcase the highest CAGR during the forecast period, owing to the growing demand for head safety due to the increasing accidents and government initiatives to increase safety while bike riding. These airbags are equipped with advanced technology which pre-determines the fall and provides safety and cushion to the users. Such factors are expected to fuel the segment's growth in uncoming years at the global level.

Asia Pacific is the fastest growing wearable airbags market
On a regional basis, the demand for wearable airbag is estimated to be high in Europe in 2021 due to the growing bike racing and cycling tournaments. Such tournaments surge the demand for safety equipment and integrated technology, such as wearable airbags, thus driving the market's growth in forthcoming years across the region. Moreover, the presence of a well-established automotive industry is further supporting the rising demand for wearable airbags in the region.

Request for Complete TOC and Figures & Graphs @ https://www.marketstatsville.com/table-of-content/global-wearable-airbag-market

However, Asia-Pacific is estimated to showcase the highest CAGR during the forecast period. The growth is attributed to the growing number of road accidents in the region, especially in populous economies such as China and India. For instance, according to the Ministry of Road Transport & Highway data, 1,47,913 people died, and 4,70,975 were injured in road accidents in India in 2017. Wearable airbags reduce the chances of fatal injuries in road accidents. Further, wearable airbags are effective gadgets for safety in swimming training and others. Such factors will propel the market's growth in the region during the forecast period.

Key Market Players in the Global Wearable Air Bag Market
Top Players operating in the wearable airbag market are focusing on using the power of technology to introduce innovative products to cater to the needs of the end-users. Further, they are adopting key strategies such as partnerships, acquisitions, agreements, and expansion to enhance their market positions and gain major market share. The wearable airbags market is highly concentrated in nature.

Major players in the global wearable airbag market are:

Dainese
Alpinestars
Hovding
Helite
Active Protective Technologies
MOTOAIR
Merlin
Wolk Airbag
FREEJUMP
In&motion

Request For Report Description @ https://www.marketstatsville.com/global-wearable-airbag-market

Market Statsville Groups
416, East standsberry street,
Perkins, Oklahoma 74059, US
USA: +1-580-205-2707 | India: +91-702-496-8807
Email: sales@marketstatsville.com
MSG Blog https://marketstatsvilleblogs.com
Web: https://marketstatsville.com
LinkedIn | Facebook | Twitter

Market Statsville Group (MSG) partners with companies and society to confront their essential risks and challenges to capture the enormous opportunities for them. MSG initiated its work in 2017, and since then, the brand is moving to become a pioneer in business advisory and market research services.
We the leading market research and strategy builder with the depth and breadth of solutions that perfectly suit your every need. MSG provides solutions in a wide range of industry verticals in market sizing, analysis, and incisive business insights. MSG experienced research analysts are proficient at digging deep and providing various customizable data that help you make decisions with clarity, confidence, and impact.

This release was published on openPR.