Airbag Market Size, Share, Global Industry Overview, Latest Trends and Forecast 2025-2033

IMARC Group, a leading market research company, has recently released a report titled "Airbag Market Report by Type (Frontal Airbag, Knee Airbag, Side Airbag, Curtain Airbag, and Others), Module (Inflator or Gas Generator, Air Bag, Crash Sensors), Vehicle Type (Passenger Vehicle, Commercial Vehicle), Sales Channel (Original Equipment Manufacturers, Aftermarkets), and Region 2025-2033." The study provides a detailed analysis of the industry, including the global airbag market share, size, growth, trends, and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Airbag Market Highlights:

• Airbag Market Size: Valued at USD 34.6 Billion in 2024.
• Airbag Market Forecast: The market is expected to reach USD 63.9 Billion by 2033, exhibiting a growth rate of 7% during 2025-2033.
• Market Growth: The global airbag market is expected to witness significant growth due to increasing automotive safety regulations.
• Technological Advancements: Innovations in airbag technology, such as smart airbags and multi-stage deployment systems, are enhancing safety features.
• Regional Insights: North America and Europe hold substantial market shares, driven by stringent safety standards and high vehicle ownership rates.
• Consumer Awareness: Growing consumer awareness about vehicle safety is boosting demand for advanced airbag systems.
• Market Challenges: High costs associated with airbag production and deployment remain a challenge for manufacturers.
• Key Players: Major companies in the market include Takata Corporation, Autoliv, and ZF Friedrichshafen AG, focusing on research and development.
• Future Trends: The trend towards electric vehicles is expected to influence airbag designs and functionalities in the coming years.

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Our report includes:

• Market Dynamics
• Market Trends and Market Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Industry Trends and Drivers:

• Stringent Safety Regulations:

As vehicle safety has been highlighted by governments and vehicle regulatory authorities around the world, safety standards around the world are starting to require the fitment of airbags in all new vehicles. Thorough vehicle safety programs have also started to be implemented by governments in developed countries, including crash testing and other safety requirements. These mandates have stimulated the adoption of modern airbag systems, such as side-impact airbags and knee airbag systems, in the automotive sector to meet standards. Regulatory requirements have also driven the automotive sector to allocate increased resources for research and development to innovate and improve the efficiency and reliability of airbag systems. As these regulations become the norm, and demand for even more advanced airbag systems increases, they will become a common safety feature of automobiles worldwide.

• Increased Vehicle Production and Sales:

Global vehicle production and sales have generally risen, especially in developing countries, supported by rising incomes, urbanization, and economic growth, allowing more consumers to purchase vehicles. As the middle class grows in many countries, consumers have demonstrated a desire for vehicles with advanced safety and feature content. Manufacturers are capitalizing on this trend, by making airbags standard in base entry-level cars to appeal to the safety-conscious car buyer. Airbags are no longer confined to luxury vehicles and can be found in subcompact cars and light commercial vehicles. This has led global car manufacturers to install manufacturing plants in these high growth regions, thus increasing the penetration of airbags.

• Technological Advancements:

The airbag industry has progressed greatly, thanks to many technical innovations achieved over the years aimed at improving the operation of airbag structures. Modern smart airbags are able to vary deployment based on the size, weight, and position of the person occupying a seat. More advanced solutions include systems that measure the amount of deployment force needed, in order to avoid the risk of injury, and multi-stage airbags, which are deployed at a less forceful pace depending on the severity of the impact. Automotive manufacturers began to install more advanced sensors and more complex software to communicate with the vehicle control systems to handle full safety.

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Airbag Market Report Segmentation:

Breakup By Type:

• Frontal Airbag
• Knee Airbag
• Side Airbag
• Curtain Airbag
• Others

Frontal airbag account for the majority of shares due to their mandatory inclusion in vehicles under global safety regulations.

Breakup By Module:

• Inflator or Gas Generator
• Air Bag
• Crash Sensors

Air bag dominates the market because it encompasses the essential components required for effective deployment and functionality in vehicles.

Breakup By Vehicle Type:

• Passenger Vehicle
• Commercial Vehicle

Passenger vehicles represent the majority of shares as they are produced in high volumes and prioritize safety features to cater to consumer demand.

Breakup By Sales Channel:

• Original Equipment Manufacturers
• Aftermarkets

Original equipment manufacturers hold the majority of shares as they provide factory-installed airbag systems, ensuring compliance with safety standards and reliability.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

• Autoliv Inc.
• Continental AG
• Daicel Corporation
• DENSO Corporation
• Hyundai Motor Group
• Joyson Safety Systems (Ningbo Joyson Electronic Corp.)
• Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.)
• Robert Bosch GmbH
• TOYODA GOSEI Co. Ltd.
• ZF Friedrichshafen AG

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This release was published on openPR.