Airbag Market Global Size to Reach US$ 44.8 Billion by 2027 at Growth Rate (CAGR) of 6.4%

According to IMARC Group's latest report, titled "Airbag Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global airbag market size reached US$ 27.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 44.8 Billion by 2027, exhibiting a growth rate (CAGR) of 6.4% during 2022-2027.

An airbag refers to a vehicle occupant-restraint system that is designed to inflate and deflate promptly and protect occupants during a collision. As the vehicle is deaccelerated to slow down the passenger's forward motion, an airbag receives signals from sensors. It aids in reducing the impact of the accident and prevents driver fatalities and severe head injuries in frontal crashes.
An airbag also helps in minimizing chest injuries in side-impact collisions. It provides side-curtain and knee airbags to significantly lower the risk of damages on the hips, knees, and thighs.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/airbag-market/requestsample

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

𝐀𝐢𝐫𝐛𝐚𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The inflating income levels of consumers and elevating levels of urbanization are leading to an increase in the sales of passenger vehicles across the globe, which is primarily driving the airbag market. Furthermore, several government bodies are mandating the installation of airbags in vehicles to minimize road traffic injuries, which is also catalyzing the product demand.

Moreover, the increasing use of commercial trucks to transport cargo, ranging from food products to heavy machinery, and the rising focus of various manufacturers towards introducing airbags for heavy-duty trucks is further propelling the market growth. Additionally, the introduction of advanced airbags, such as a front center for far side-impact, is also expected to fuel the global airbag market over the forecasted period.

𝐁𝐮𝐲 𝐀𝐢𝐫𝐛𝐚𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=4283&method=1

The Report offers a comprehensive analysis of the industry, which comprises insights on the global market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐰𝐢𝐭𝐡 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• Autoliv Inc.
• Continental AG
• Daicel Corporation
• DENSO Corporation
• Hyundai Motor Group
• Joyson Safety Systems (Ningbo Joyson Electronic Corp.)
• Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.)
• Robert Bosch GmbH
• TOYODA GOSEI Co. Ltd.
• ZF Friedrichshafen AG.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The report has categorized the market based on type, module, vehicle type and sales channel.

Breakup by Type:
• Frontal Airbag
• Knee Airbag
• Side Airbag
• Curtain Airbag
• Others

Breakup by Module:
• Inflator or Gas Generator
• Air Bag
• Crash Sensors

Breakup by Vehicle Type:
• Passenger Vehicle
• Commercial Vehicle

Breakup by Sales Channel:
• Original Equipment Manufacturers
• Aftermarkets

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐟𝐮𝐥𝐥 𝐫𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 & 𝐋𝐢𝐬𝐭 𝐨𝐟 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=4283&flag=C

Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

𝐊𝐞𝐲 𝐡𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Courier, Express and Parcel Market: https://www.imarcgroup.com/courier-express-parcel-market

United States Courier Express and Parcel Market: https://www.imarcgroup.com/united-states-courier-express-parcel-market

Asia Pacific Courier, Express and Parcel Market: https://www.imarcgroup.com/asia-pacific-courier-express-parcel-market

Scissor Lift Market: https://www.imarcgroup.com/scissor-lift-market

Business Travel Market: https://www.imarcgroup.com/business-travel-market

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