Airbag Market Report Growth Insights and Key Predictions through 2031: Key Players are Joyson Safety System, Autoliv Inc, Toyoda Gosei Co. Ltd.

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.

Airbag Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Airbag Market is dedicated to passive safety devices in vehicles that inflate upon impact to protect occupants. With rising vehicle safety standards, airbags are now standard in most automobiles. The market includes front, side, curtain, and knee airbags. Technological enhancements like smart sensors and adaptive deployment are reshaping the landscape. Growing automotive production and awareness of road safety are key growth factors.

List of the Key Players in the Airbag Market:

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.

Industry Development:

✦ In June 2023, Autoliv, Inc., a leading name in automotive safety systems, introduced a cutting-edge passenger airbag module based on Bernoulli's Principle. This breakthrough enables more efficient inflation of larger airbags, streamlining development processes while reducing associated costs. The Bernoulli Airbag is set for launch in Q3 2023 and will be showcased at the Autoliv Investor Day in Auburn Hills, Michigan, USA.

✦ In March 2023, Hyundai Mobis made headlines with its Brain Injury Prevention Airbag, a pioneering innovation in occupant protection. This airbag earned widespread recognition after achieving a perfect score on the Brain Injury Criteria (BrIC) in a crash test by the U.S. National Highway Traffic Safety Administration (NHTSA).

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

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.

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Segment Covered in the Airbag Market:

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.

Regional Analysis for Airbag Market:

The regional analysis of the Airbag Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ 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)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

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

➠ Who are the leading manufacturers in the global Airbag industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Airbag industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Airbag market?

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

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