Emeging Evolution of Of Automotive Airbag Market in Global Industry 2018 : Market Size, Trends, Opportunities, Drivers and Restraints to 2027

Albany, NY,10th January : Recent research and the current scenario as well as future market potential of "Automotive Airbag Market: Passenger Cars Vehicle Type Segment Anticipated to Gain Significantly High BPS During the Forecast Period: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)" globally.

Manufacturers in the global automotive airbag market are focussed on developing high quality airbags. In developing regions, airbag manufacturers are trying to focus on technological advancements, whereas in developing regions the focus is more on creating and maintaining an effective supply chain.

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North America, Japan and APEJ are key focus areas for players in this market. Suppliers also cater to the specific requirements of airbag manufacturers while adhering to high quality standards of production. According to our research, the global automotive airbag market is estimated to experience a significant growth; however, it is still at a nascent stage in developing countries such as India, Mexico and China as compared to other developed markets such as U.S., Canada and Western Europe. In a new publication titled “Automotive Airbag Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027,” we have highlighted that manufacturers directly supply the raw material to the suppliers and the suppliers are the main point of contact for the aftermarket and distributors. Moreover, distributors further distribute products to various OEMs and the aftermarket, where direct contact between suppliers and the aftermarket doesn’t exist.

According to our study, Latin American countries are focussing on introducing airbags in every car. Hence they are at an evolving stage and are focussing on airbags only. On the other hand, in India and China, airbags have been made mandatory for safety purposes in line with car safety programs. But they are at the initial stages, so there is a low threat of other products or services. In Japan, the threat of substitute products is low because Japan is focussing on adding airbags in every vehicle. However, technological advancements like pedestrian airbags can be used which requires the basic airbag technology.

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Airbag Industry Product Lifecycle

Many new products and technologies such as pedestrian air bag, smart airbag, fizzy logic software for airbag and occupant sensor system are in the developing stage to meet the growing demand for smarter and safer airbags. These products will eventually be introduced into the market. The Asian market is still in the introductory phase of the product life cycle. Passenger vehicle sales in Asia is showing double digit growth as compared to its counterparts such as U.S and Europe. The demand for safer vehicles is also increasing in Asia. On the other hand, the North America, Japan and Europe markets fall into the growth phase of the airbag product life cycle. The market for frontal airbags is now saturated; and given the low sales of passenger vehicles, growth of these new markets will be fuelled by the installation of new airbag systems like side impact airbag.

Research Methodology

We have adopted a systematic research approach while studying the global automotive airbag market. In-depth secondary research is used to arrive at the overall market size, top industry players, top products and industry associations. Our analysts have formulated a detailed discussion guide and comprehensive questionnaires in order to conduct expert interviews with industry experts, industry players, distributors and retailers. Data is validated using the triangulation method, wherein primary and secondary research data along with Future Market Insights’ analysis contribute to the final data. We have also analysed the various companies’ annual reports, investor presentations, SEC filings and press releases to fetch substantial information pertaining to the market size, trends, opportunities, drivers and restraints.

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