Press release
Automotive Airbag Market Size, Share and Forecasts 2030
The Automotive Airbag Market, valued at $18.5 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 8.7%, reaching $30.2 billion by 2030, according to a new report by AutoTech Insights. Surging demand for vehicle safety, stricter government mandates, and advancements in airbag technology are driving this growth, with electric vehicles (EVs) and autonomous cars creating new opportunities for innovation.Download a Sample PDF Copy of this Report to understand the structure of the complete report (Including Full TOC, Table & Figures)
@ https://mobilityforesights.com/contact-us/?report=5594
Market Drivers and Trends
Rising global vehicle safety standards are a primary catalyst. Regulatory bodies like the U.S. National Highway Traffic Safety Administration (NHTSA) now require at least six airbags in new passenger vehicles by 2025, while the European Union's Euro NCAP mandates side and curtain airbags for top safety ratings. These regulations are echoed in emerging markets, such as India's Bharat NCAP, launched in 2023. Concurrently, global vehicle production is rebounding post-pandemic, with Asia-Pacific leading at 48% market share in 2023, driven by China's 25 million vehicles produced annually and India's expanding middle-class demand.
The EV revolution is reshaping airbag design. EVs, which prioritize lightweight components, are spurring demand for advanced materials like silicone-coated nylon, reducing airbag weight by 15-20%. Companies like Tesla and BYD are integrating multi-stage airbags that adjust deployment force based on crash severity. Autonomous vehicles are also pushing innovation, with startups developing AI-powered predictive airbags that activate milliseconds before collisions using sensor data from Advanced Driver Assistance Systems (ADAS).
Market Segmentation
The market is segmented by airbag type, with frontal airbags dominating at 45% share ($8.3 billion in 2023), driven by regulatory requirements. Side and curtain airbags are the fastest-growing segment, expanding at a 10.2% CAGR, as automakers like BMW and Volvo prioritize lateral protection. Knee and pedestrian airbags, though niche, are gaining traction in luxury vehicles, projected to grow at 7.5% CAGR.
Regional Market Performance
Three key regions dominate the global automotive airbag industry. Asia-Pacific represents the largest market, generating 8.6 billion in 2023, nearly half of worldwide sales. This reflects both China's massive automobile production capacity and India's recent adoption of stricter vehicle safety standards.
North America follows with 5.2 billion in sales, where regulatory requirements and growing electric vehicle sales maintain strong demand. European manufacturers account for the remaining $3.7 billion, with luxury brands particularly focused on advanced safety systems.
By vehicle type, passenger cars hold 65% market share ($12 billion), fueled by consumer safety awareness. Commercial vehicles account for 25%, with fleet operators adopting airbags to comply with EU safety standards. EVs, while only 10% of the market, are expected to grow at 12% CAGR as brands like Rivian and NIO integrate custom airbag systems.
Request Sample of this Research Report
@ https://mobilityforesights.com/contact-us/?report=5594
Competitive Landscape
The market is consolidated, with the top three players-Autoliv, ZF Friedrichshafen, and Joyson Safety Systems-controlling 75% share. Autoliv, the leader with 35% share, supplies Tesla and Ford, focusing on lightweight airbags for EVs. ZF Friedrichshafen (25% share) dominates the side airbag segment, partnering with BMW and Audi. Startups like Humanetics and Veoneer are innovating with AI-driven systems, attracting $1.2 billion in venture funding since 2021.
Challenges and Risks
High costs remain a barrier, with advanced airbag systems adding
300
-
300-500 per vehicle. The industry also faces recalls, such as the 2022 Takata inflator crisis, which cost manufacturers $12 billion. Post-pandemic supply chain disruptions have increased material costs by 15%, though partnerships with raw material suppliers ease pressures.
Future Outlook
"By 2030, 40% of airbags will integrate with ADAS and autonomous driving systems, creating a $9.5 billion revenue opportunity," says Laura Chen, Senior Analyst at AutoTech Insights. "Sustainability trends, like recyclable airbags, will also shape the next decade."
Report Details
The 300-page report provides historical data (2018-2022), decade-long forecasts, and competitive analysis of 15+ players, including SWOT assessments and regional regulatory impacts. Customizable modules offer insights into OEM partnerships and country-level trends.
Access the Full Report: https://mobilityforesights.com/product/automotive-airbag-market/
For detailed insights, market forecasts, and competitive analysis, download the "Global Automotive Airbag Market Report 2025-2030"
Related Reports:-
https://mobilityforesights.com/product/automotive-airbag-silicone-coating-market/
https://mobilityforesights.com/product/automotive-knee-airbag-market/
https://mobilityforesights.com/product/automotive-center-airbag-market/The Automotive Airbag Market, valued at $18.5 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 8.7%, reaching $30.2 billion by 2030, according to a new report by AutoTech Insights. Surging demand for vehicle safety, stricter government mandates, and advancements in airbag technology are driving this growth, with electric vehicles (EVs) and autonomous cars creating new opportunities for innovation.
Download a Sample PDF Copy of this Report to understand the structure of the complete report (Including Full TOC, Table & Figures)
@ https://mobilityforesights.com/contact-us/?report=5594
Market Drivers and Trends
Rising global vehicle safety standards are a primary catalyst. Regulatory bodies like the U.S. National Highway Traffic Safety Administration (NHTSA) now require at least six airbags in new passenger vehicles by 2025, while the European Union's Euro NCAP mandates side and curtain airbags for top safety ratings. These regulations are echoed in emerging markets, such as India's Bharat NCAP, launched in 2023. Concurrently, global vehicle production is rebounding post-pandemic, with Asia-Pacific leading at 48% market share in 2023, driven by China's 25 million vehicles produced annually and India's expanding middle-class demand.
The EV revolution is reshaping airbag design. EVs, which prioritize lightweight components, are spurring demand for advanced materials like silicone-coated nylon, reducing airbag weight by 15-20%. Companies like Tesla and BYD are integrating multi-stage airbags that adjust deployment force based on crash severity. Autonomous vehicles are also pushing innovation, with startups developing AI-powered predictive airbags that activate milliseconds before collisions using sensor data from Advanced Driver Assistance Systems (ADAS).
Market Segmentation
The market is segmented by airbag type, with frontal airbags dominating at 45% share ($8.3 billion in 2023), driven by regulatory requirements. Side and curtain airbags are the fastest-growing segment, expanding at a 10.2% CAGR, as automakers like BMW and Volvo prioritize lateral protection. Knee and pedestrian airbags, though niche, are gaining traction in luxury vehicles, projected to grow at 7.5% CAGR.
Regional Market Performance
Three key regions dominate the global automotive airbag industry. Asia-Pacific represents the largest market, generating 8.6 billion in 2023, nearly half of worldwide sales. This reflects both China's massive automobile production capacity and India's recent adoption of stricter vehicle safety standards.
North America follows with 5.2 billion in sales, where regulatory requirements and growing electric vehicle sales maintain strong demand. European manufacturers account for the remaining $3.7 billion, with luxury brands particularly focused on advanced safety systems.
By vehicle type, passenger cars hold 65% market share ($12 billion), fueled by consumer safety awareness. Commercial vehicles account for 25%, with fleet operators adopting airbags to comply with EU safety standards. EVs, while only 10% of the market, are expected to grow at 12% CAGR as brands like Rivian and NIO integrate custom airbag systems.
Request Sample of this Research Report
@ https://mobilityforesights.com/contact-us/?report=5594
Competitive Landscape
The market is consolidated, with the top three players-Autoliv, ZF Friedrichshafen, and Joyson Safety Systems-controlling 75% share. Autoliv, the leader with 35% share, supplies Tesla and Ford, focusing on lightweight airbags for EVs. ZF Friedrichshafen (25% share) dominates the side airbag segment, partnering with BMW and Audi. Startups like Humanetics and Veoneer are innovating with AI-driven systems, attracting $1.2 billion in venture funding since 2021.
Challenges and Risks
High costs remain a barrier, with advanced airbag systems adding
300
-
300-500 per vehicle. The industry also faces recalls, such as the 2022 Takata inflator crisis, which cost manufacturers $12 billion. Post-pandemic supply chain disruptions have increased material costs by 15%, though partnerships with raw material suppliers ease pressures.
Future Outlook
"By 2030, 40% of airbags will integrate with ADAS and autonomous driving systems, creating a $9.5 billion revenue opportunity," says Laura Chen, Senior Analyst at AutoTech Insights. "Sustainability trends, like recyclable airbags, will also shape the next decade."
Report Details
The 300-page report provides historical data (2018-2022), decade-long forecasts, and competitive analysis of 15+ players, including SWOT assessments and regional regulatory impacts. Customizable modules offer insights into OEM partnerships and country-level trends.
Access the Full Report: https://mobilityforesights.com/product/automotive-airbag-market/
For detailed insights, market forecasts, and competitive analysis, download the "Global Automotive Airbag Market Report 2025-2030"
Related Reports:-
https://mobilityforesights.com/product/automotive-airbag-silicone-coating-market/
https://mobilityforesights.com/product/automotive-knee-airbag-market/
https://mobilityforesights.com/product/automotive-center-airbag-market/
About Mobility Foresights:
We are a Market Research firm specializing in mobility domain(s). Our zone of research entails Automotive, Semiconductor, Chemical and Materials, Aerospace, marine, locomotive, logistics, and construction & agricultural equipment. We deal in syndicated research, custom research and consumer research for all the aforementioned domains.
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