Global Pedestrian Protection Airbag Market Expansion at 9.9% CAGR, Valued at $2.82 Billion by 2029

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What Are the Pedestrian Protection Airbag Market Size Forecast for 2025?
There has been a substantial growth in the market size of pedestrian protection airbags in the past few years. The forecast suggests an increase from $1.77 billion in 2024 to $1.94 billion in 2025, with a compound annual growth rate (CAGR) of 9.4%. This growth during the historic period is believed to be a result of increased vehicular traffic, a surge in road accidents, enhanced vehicle production, the introduction of more expansive automotive safety regulations, and the heightened awareness of safety among consumers.

What Is the Market Size Outlook for Pedestrian Protection Airbag Until 2029?
The market for pedestrian protection airbags is set to experience significant expansion in the upcoming years, ballooning to $2.82 billion by 2029, with a compound annual growth rate (CAGR) of 9.9%. The projected growth during the forecast period can be credited to the growing prevalence of smart vehicles, escalating urban populations, improved pedestrian infrastructure, heightened worries about pedestrian safety, and more stringent government safety regulations. Noteworthy trends for the forecast period encompass progressive airbag system technology, the inclusion of AI in vehicle safety, the conception of more intelligent airbags equipped with sensors, breakthroughs in sensor technology for impact detection, and the emergence of 3D-printed airbags.

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What Are the Major Factors Driving Demand in the Pedestrian Protection Airbag Market?
The surge in vehicular movement is predicted to drive the expansion of the pedestrian protection airbag market in future. The term vehicular traffic encompasses the travel of various modes of transport including cars, trucks, buses, motorcycles, bicycles, among others, on roads or highways. The surge is a result of growing population, escalating urbanization, and increased disposable income leading to a higher rate of vehicle ownership and usage. Pedestrian protection airbags are tools that enhance the safety of vehicular traffic by minimizing the intensity of injuries caused by a collision with a pedestrian. For example, in May 2024, the UK Government's Department of Transport revealed that in 2023, the traffic from cars on British motorways had grown by 3.3% and reached a massive 48.5 billion vehicle miles. Van traffic saw an increase of 1.6%, hitting 13.0 billion vehicle miles. Consequently, the surge in vehicular movement is propelling the advancement of the pedestrian protection airbag market.

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How Are End-Use Segments Shaping the Pedestrian Protection Airbag Market Outlook?
The pedestrian protection airbag market covered in this report is segmented -

1) By Airbag Type: Front Pedestrian Airbag, Lateral Pedestrian Airbag, Pop-Up Pedestrian Airbag
2) By Deployment Mechanism Type: Sensor-Based, Camera-Based, Radar-Based
3) By Application: Passenger Vehicle, Commercial Vehicle
4) By Sales Channel: Original Equipment Manufacturer (OEM), After market

Subsegments:
1) By Front Pedestrian Airbag: Windshield Airbag, Hood Airbag, Bumper Airbag
2) By Lateral Pedestrian Airbag: Side Panel Airbag, A-Pillar Airbag, Door-Mounted Airbag
3) By Pop-Up Pedestrian Airbag: Hood Lift Airbag, Grille-Mounted Airbag, Fender-Mounted Airbag

What Are the Strategic Trends Transforming the Pedestrian Protection Airbag Market Landscape?
Leading corporations in the pedestrian protection airbag market are prioritizing the advancement of innovative goods, like airbags crafted from recycled polyester. This strategic move serves the dual purpose of fostering sustainability and minimizing environmental harm while still ensuring safety standards. Recycled polyester airbags, made entirely from reused materials, notably lower CO2 emissions without compromising on safety. As an example, Autoliv Inc., a Sweden-based motor vehicle parts manufacturer, unveiled airbag cushions composed of 100% recycled polyester in June 2024. This resulted in a significant reduction in the carbon footprint associated with airbags. This breakthrough, achieved in cooperation with supply chain associates, cut down the carbon footprint of airbags by an estimated 50% at the polymer level without affecting their safety properties as compared to conventional polyester airbags. The evolution towards recycled polyester aids in decreasing CO2 emissions during the production process and promotes the circular economy by reutilizing components that would otherwise be discarded as waste.

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Who Are the Prominent Companies in the Pedestrian Protection Airbag Market by ?
Major companies operating in the pedestrian protection airbag market are Toyota Motor Corporation, Ford Motor Company, General Motors Company, BMW AG, Honda Motor Co. Ltd., Robert Bosch GmbH, Nissan Motor Co. Ltd., Daimler AG, Denso Corporation, Continental AG, Hyundai Mobis, Volvo Car Corporation, Magna International Inc., TRW Automotive Holdings Corporation, Joyson Safety Systems, Autoliv Inc., Toyoda Gosei Co. Ltd., Daicel Corporation, Kolon Industries Inc., Ashimori Co.

Which Region Is Expected to See the Highest CAGR in the Pedestrian Protection Airbag Market?
North America was the largest region in the pedestrian protection airbag market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pedestrian protection airbag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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