Press release
India Automotive Airbags Market Size, Share, Trends & Forecast 2025-2033
India Automotive Airbags Market
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 0.17 Billion
Market Forecast in 2033: USD 0.24 Billion
Market Growth Rate (2025-2033): 3.90%
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India Automotive Airbags Market Overview
The Indian automotive airbags market is experiencing steady growth, spurred by rising road accidents, government regulations, and growing vehicle sales. The government regulation mandating dual airbags in every new passenger vehicle has further supported airbag uptake. Furthermore, increased consumer awareness regarding vehicle safety features is driving the market forward.
India Automotive Airbags Market Trends and Drivers
Increase in Road Accidents
The growth in the number of road accidents in India is greatly impacting the demand for automobile airbags. The initiatives of the government towards increasing the vehicle safety standards are also boosting the market.
Tough Government Policies
Regulations by the Indian government requiring vehicles to be fitted with airbags are encouraging market growth. Such regulations help promote road safety and lower the rate of accidents with fatalities.
Increase in Vehicle Sales
The increase in automobile sales in India is driving the growth of the automotive airbags market. As more cars are on the roads the need for safety features such as airbags is growing.
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India Automotive Airbags Market Segmentation
1. By Type
o Frontal Airbags
o Side Airbags
o Knee Airbags
o Curtain Airbags
2. By Vehicle Type
o Passenger Vehicles
o Commercial Vehicles
3. By Component
o Inflators
o Airbags
o Crash Sensors
4. By Region
o North India
o South India
o East India
o West India
India Automotive Airbags Market News
• July 2024: The Indian government announced new regulations requiring all new passenger vehicles to be equipped with dual airbags, aiming to enhance vehicle safety standards.
• June 2024: Automakers in India are increasingly adopting advanced airbag technologies to comply with new safety regulations and meet consumer expectations.
Key Highlights of the Report
1. Market Performance (2019-2024)
2. Market Outlook (2025-2033)
3. COVID-19 Impact on the Market
4. Porter's Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current, and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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Contact Us
IMARC Group
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Email: sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
United States: +1-631-791-1145
About Us
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC's offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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