Global Automotive Safety Airbag Market Size, Trends, In-depth Analysis, Research Report Forecast up to 2027: TOYODA GOSEI Co., Ltd. and ZF Friedrichshafen AG are key players.

Global Automotive Safety Airbag Market is expected to grow at a CAGR of 5.03% to reach a market size worth US$14.873 billion by 2027.

The prime factors propelling the growth of the global automotive safety airbag market are the increasing demand for advanced safety features in vehicles and the implementation of government regulations mandating airbags in automobiles.

As per the report, the global automotive safety airbag market is expected to grow rapidly during the forecast period.

The automotive safety airbag market is a rapidly growing industry that focuses on developing and manufacturing safety features that protect vehicle occupants in the event of a collision. With increasing awareness and concern for passenger safety, airbags have become essential in modern automobiles. As a result, the demand for airbag systems has been steadily increasing, and manufacturers are investing heavily in research and development to enhance the safety features of their products. Furthermore, government regulations mandating the installation of airbags in all new vehicles have further fueled the market's growth.

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The global automotive safety airbag market has been segmented into product type, vehicle type, end-user, and geography.

By product type, the market has been classified into front airbag, side airbag, and others. Front airbags are designed to protect the driver and front passenger in a head-on collision by deploying from the steering wheel and dashboard, respectively. On the other hand, side airbags are installed on the side of the vehicle and can protect occupants from a side impact. The demand for side airbags has grown rapidly in recent years due to their effectiveness in reducing injuries from side-impact collisions. This is especially true for advanced side airbags that can deploy from the seat or door panel and offer enhanced head, chest, and abdomen protection. As a result, many automakers are now offering side airbags as standard equipment on most new vehicles.

By vehicle type, the market has been classified into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Passenger vehicles account for major shares of the global automotive safety airbag market. This is due to the high demand for safety features in passenger vehicles, as consumers are more likely to prioritize safety when purchasing a vehicle they will use for personal transportation. The demand for safety airbags in light commercial vehicles has been growing steadily due to the increasing use of these vehicles for transportation and delivery purposes.

By end-user, the market has been classified into OEMs and aftermarket. OEMs are the primary users of automotive safety airbags, as they install them during manufacturing. This segment is expected to continue growing as automakers prioritize safety and seek to differentiate their products from competitors. Additionally, as government regulations become more stringent, automakers will likely increase their investment in safety features, including airbags. The aftermarket segment is a smaller portion of the market and includes replacement airbags and airbag components sold to consumers and repair shops. Several factors, including the need for replacement airbags in older vehicles, repairs after an accident, and customization by car enthusiasts, drive aftermarket sales. In addition, the growing trend of do-it-yourself repairs has also contributed to the growth of the aftermarket segment.

The market is classified geographically into North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America is a significant market for automotive safety airbag due to the high demand for safety features and the presence of established automobile manufacturers. In addition, the United States and Canada have stringent safety regulations that mandate the installation of airbags in all new vehicles, which has fueled the market growth in this region. Asia Pacific is another major market for automotive safety airbags, driven by the increasing demand for passenger vehicles and the growth of the automotive industry in countries such as China, India, and Japan. In addition, the implementation of safety regulations and the growing awareness of safety among consumers has also contributed to the market growth in this region.

The major players covered in the global automotive safety airbag market are Continental AG, Robert Bosch GmbH, Autoliv Inc., Joyson Safety Systems, ZF Friedrichshafen AG, TRW Airbag Systems GmbH., TOYODA GOSEI Co., Ltd., Nihon Plast Co., Ltd., Kolon Industries, Inc., Hyundai Mobis Co. Ltd, and DENSO Corporation.

This Global Automotive Safety Airbag Market has been analyzed into the following segments:

• By Product Type

o Front Airbag
o Side Airbag
o Others

• By Vehicle Type

o Passenger Vehicle
o Light Commercial Vehicle
o Heavy Commercial Vehicle

• By End-User

o OEMs
o Aftermarket

• By Geography

o North America

• USA
• Canada
• Mexico

o South America

• Brazil
• Argentina
• Others

o Europe

• Germany
• France
• United Kingdom
• Spain
• Others

o Middle East and Africa

• Saudi Arabia
• Israel
• UAE
• Others

o Asia Pacific

• China
• Japan
• South Korea
• India
• Thailand
• Taiwan
• Others

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