Press release
Automotive Airbag Market to Benefit from Rising Safety Standards, Global Valuation to Reach US$22.7 Bn by 2031
The severe injuries to the human body induced by traffic accidents have raised consumer awareness. Increasing public awareness is one of the major factors expected to boost the growth of the global automotive airbag market over the forecast period. Consumers are spending more on safety features as their disposable income grows. Consumer expenditure on pre-loaded safety systems in vehicles has increased investment potential for major firms. The incorporation of active and passive safety systems in automobiles also provides greater comfort and driving experience to end-users, which is projected to boost the global automotive airbag market.The global automotive airbag market is anticipated to reach US$ 22.7 Bn by 2031, advancing at a CAGR of 7.2% from 2022 to 2031 (forecast period).
Get a Complete Report Details - https://www.transparencymarketresearch.com/automotive-airbag-market.html
Government Efforts to Improve Vehicle Safety Propels Market Growth
Due to the increasing traffic accidents, government entities have imposed strict safety standards on automobiles. The European Union's safety law requires airbags in all passenger vehicles, which is likely to propel the global automotive airbag market. The growing desire for high-performance engines and cars has raised the likelihood of fatalities in traffic accidents. This has made it critical for automakers to have proper safety measures and strong car structures. The installation of automotive airbags in vehicles to protect passengers from all potential accident scenarios is projected to propel the global automotive airbag market.
Diagnostic Monitoring Unit Segment to Witness Significant Growth
The worldwide automotive airbag market has been segmented by component into airbag inflators, crash sensors, diagnostic monitoring units, and others. The diagnostic monitoring unit segment is likely to be the largest revenue generator in automotive airbag market during the forecast period. The diagnostic monitoring unit is also called an airbag module and is in charge of receiving data from the collision sensor. When an impact occurs, this information is transmitted to the airbag sensors, and the airbags deploy. The estimated price of the diagnostic monitoring unit in automobile airbag assembly is greater than the cost of other components. As a result, the diagnostic monitoring unit segment is expected to grow during the projection period.
Get a Sample of This Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4200
Asia Pacific to Dominate Worldwide Market
Asia Pacific is set to dominate the global automotive airbag market during the projection period. Due to the existence of a significant automotive sector in China, Asia Pacific is projected to witness a massive growth in the global automotive airbag market.
Rising population and urbanization are important factors driving the region's automotive airbag market. The rise of China as a global manufacturing powerhouse has raised the demand for passenger vehicles. Cheap labor and easy access to raw materials are boosting the regional market. During the forecast period, the automotive airbag market in Asia Pacific is expected to be propelled by an increase in vehicle manufacturing across the region. Moreover, increased demand for premium vehicles and the rapid expansion of OEMs in South Korea, India, and China are propelling the regional market.
Europe is expected to contribute significantly to the global automotive airbag market during the projection period due to the region's increased disposable income, population, and competition. Europe accounts for a sizable portion of the global automotive airbag market. Germany is known around the world for its great automobile industry and engineering brilliance. From the Americas to Asia, German automobiles represent deeply held values such as dependability, innovation, and safety. To some extent, Germany is Europe's top manufacturing and distribution market. This, in turn, is projected to raise the sales of automotive airbag market.
Leading players in the automotive airbag market are Delphi Automotive, Aptiv Inc., Valeo SA, Autoliv Inc., Calsonic Kansei Corporation (Mareli), Magna International, Denso Corporation, INVISTA, Hella GmbH & Co. KGaA, Takata Corporation, Hyundai Mobis Co. Ltd, Joyson Safety Systems, Toyota Gosei, Continental AG, Nihon Plastic Company Co. Ltd, ZF Friedrichshafen, and Robert Bosch GmbH.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=4200
The global automotive airbag market is segmented as follows:
By Application
Frontal Position
Side Position
Side Curtains
Rear Position
Knee Position
By Component
Airbag Inflator
Diagnostic Monitoring Unit
Crash Sensor
Others
By Vehicle Type
Passenger Vehicle
Commercial Vehicle
Electric Vehicle
By Seat Configuration
Single Row Configuration
Lounge Configuration
Double Row Configuration
Others
By Fabric
Coated
Non-coated
By Material
Polyester Fiber
Nylon
Others
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Browse Latest Automotive & Transport Industry Research Reports by TMR:
Trailer Canopy Market- https://www.transparencymarketresearch.com/trailer-canopy-market.html
Boat Trailers Market- https://www.transparencymarketresearch.com/boat-trailers-market.html
Trailer Terminal Tractor Market- https://www.transparencymarketresearch.com/trailer-terminal-tractor-market.html
Automotive Trailer Market- https://www.transparencymarketresearch.com/automotive-trailer-market.html
Automotive Trailer Tow Mirror (ATTM) Market- https://www.transparencymarketresearch.com/automotive-trailer-tow-mirror-market.html
Refrigerated Trailer Hinges Market- https://www.transparencymarketresearch.com/refrigerated-trailer-hinges-market.html
Agricultural Trailer Market- https://www.transparencymarketresearch.com/agricultural-trailer-market.html
Trailer Telematics Market- https://www.transparencymarketresearch.com/trailer-telematics-market.htm
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Airbag Market to Benefit from Rising Safety Standards, Global Valuation to Reach US$22.7 Bn by 2031 here
News-ID: 2711005 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Trailer
Trailer Rental and Leasing Services Market Size 2024: Industry Overview, Manufac …
The Global "Trailer Rental and Leasing Services Market Size" Report provides a comprehensive analysis of the factors driving the industry's growth, including trends, dynamics, and market share. It assesses both current and historical market values to forecast potential developments from 2024 to 2032. The study draws on both primary and secondary data, exploring various elements that influence the industry, such as government regulations, market conditions, competitive landscape, historical trends, present…
Semi Trailer Rental and Leasing Market Insights, Technology Advancements and For …
The Latest research study released by WMR "Semi Trailer Rental and Leasing Market with 150+ pages of analysis on business Strategy taken up by key and emerging industry players delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying the importance of different factors that aid market growth.
The market study report offers comprehensive insights into the entire market landscape,…
The Global Truck Trailers Market Size Research Report 2021 Forecast 2030 | Key P …
The Global Truck Trailers Market Size is expected to reach USD 105 billion by 2030, at a CAGR of 7.02% during the forecast period 2022 to 2030.
Request To Download Free Sample copy of the report @ https://www.sphericalinsights.com/request-sample/1628
Comprehensive historical analysis of global market for Truck Trailers has thoroughly analyzed in this report. It offers data and insights from 2019-2022, and provides extensive market forecasts from 2023-2032 by region/country and subsectors. It…
Global Trailer Rentals market: Market Indicators Showing Positive Outlook | Cool …
"
The Trailer Rentals global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other key factors.…
Oil Tank Trailer and Semi-Trailer Market: Competitive Dynamics & Global Outlook …
LP INFORMATION offers a latest published report on Oil Tank Trailer and Semi-Trailer Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Oil Tank Trailer and Semi-Trailer market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$…
Semi-trailer Global Market Outlook 2017-2026 By Industry players- ontaine Commer …
Global Semi-Trailer Market is accounted for $24.23 billion in 2017 and is expected to reach $41.25 billion by 2026 growing at a CAGR of 6.1% during the forecast period.
Factors such as growing demand for consumer goods, increasing business activity in emerging countries and rising usage of advanced technologies are fueling the market growth. However, unfortunate road transportation coupled with a lack of intent to recover transport is hampering the market.
Get…
