Airbag Market is Anticipated to See a CAGR of 6.87% From 2024 to 2031 | Joyson Safety System, Autoliv Inc, Toyoda Gosei Co. Ltd, Robert Bosch GmbH

DataM Intelligence has published a comprehensive research report titled "Airbag Market 2024: Industry Size, Share, Growth, Segmentation, Key Trends, and Forecast to 2031." This in-depth analysis offers a detailed overview of the Airbag market, covering key factors such as market drivers, challenges, regulations, and emerging opportunities. The study provides a clear understanding of the industry's current landscape, growth prospects, and future trends, offering actionable insights for businesses looking to make informed decisions. With a focus on market segmentation, competitive landscape, and innovative strategies, this report is a valuable resource for stakeholders seeking to optimize investments and understand the economic potential of the Airbag market. Get insights into annual forecasts, key players, and strategic developments that will shape the market through 2031.

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The Global Airbag Market reached US$ 15.68 billion in 2023 and is expected to reach US$ 24.96 billion by 2031, growing with a CAGR of 6.87% during the forecast period 2024-2031.

An airbag is a safety device in vehicles designed to inflate rapidly in the event of a collision, providing a cushion to protect passengers from injury. Made of a flexible fabric, airbag systems are typically installed in the steering wheel, dashboard, and side panels of vehicles. They work by using sensors to detect a crash, triggering an inflator to fill the airbag with gas in a fraction of a second, reducing the impact force on the occupants. Airbags have significantly improved vehicle safety by preventing or minimizing injury in accidents.

Competitive Landscape

The section also contains information related to the new product launches, mergers, acquisitions, collaborations, etc., to give a clear understanding about the competitive landscape prevailing in the global market. With an emphasis on strategies there have been several primary developments done by major companies such as:

Joyson Safety System, Autoliv Inc, Toyoda Gosei Co. Ltd, Robert Bosch GmbH, Hyundai Mobis Co. Ltd, Denso Corporation, Magna International, Hyundai Mobis Co. Ltd, Aptiv PLC, Magna International, Valeo SA and ZF Friedrichshafen AG

Key Developments:

❁ In June 2023, Autoliv, Inc., a leader in automotive safety systems, introduced an innovative passenger airbag module leveraging Bernoulli's Principle. This technology enables more efficient inflation of larger airbags, helping reduce both development time and costs. The Bernoulli Airbag is set to be launched in the third quarter and will be showcased at the Autoliv Investor Day in Auburn Hills, Michigan, US.

❁ In March 2023, Hyundai Mobis achieved a major milestone with the development of the Brain Injury Prevention Airbag. The technology received high acclaim after scoring a perfect rating on the Brain Injury Criteria (BrIC) during a crash test conducted by the US National Highway Traffic Safety Administration (NHTSA).

❁ In June 2023, Autoliv China and NIO Inc. teamed up to develop a groundbreaking airbag concept designed to ensure comprehensive protection for all seating positions. This collaboration enhances vehicle safety and provides greater flexibility in car interior designs, incorporating biomass-derived materials for both airbag cushions and seatbelt webbing.

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Market Segments

The detailed segmentation offered in the report will help customers get a clear idea about the market segments and the factors that will drive segmental growth. The Airbag market has been segmented:

By Type: Frontal Airbag, Side Airbag, Others

By Vehicle: Passenger Cars (PC), Light Commercial Vehicle (LCV), Buses, Trucks, Electric Vehicle

By Component: Airbag Inflator, Impact Sensors, Indicator Lamp, Others

Research Process

Both primary and secondary data sources have been used in the global Airbag Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

Regional Analysis for Airbag Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Airbag market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Airbag Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Airbag market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Airbag Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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Frequently asked questions:

➠ What is the global sales value, production value, consumption value, import and export of Airbag market?

➠ Who are the global key manufacturers of the Airbag Industry? How is their operating situation (capacity, production, sales, price, cost, gross, and revenue)?

➠ What are the Airbag market opportunities and threats faced by the vendors in the global Airbag Industry?

➠ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?

➠ What focused approach and constraints are holding the Airbag market?

➠ What are the different sales, marketing, and distribution channels in the global industry?

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