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Automotive External Airbag Market Key Growth Drivers 2017 - 2025
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These airbag are integrated in many exterior part of the vehicle that include inside the front panel of the vehicle and inside the tires, among others. The sensors which are integrated with airbags, detect a collision with a pedestrian at speeds 20 to 50 Km/h and trigger the deployment of the airbags. The reaction time of the automotive external airbag is approximately 20 to 30 milliseconds.
Rise in the number of pedestrian accidents, in turn propel the demand of automotive external airbags in the market. To avoid accidents, government across the globe are implementing safety norms for the automobile and these norms will become mandatory for all automobile in the forecast period. This factor is expected to fuel the growth of automotive external airbag market.
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Recently, this technology is mostly preferred by luxury car manufacturers, owing to high speed and affordability of the high class population, which in turn, boost the growth of automotive external airbags in the upcoming years. Increasing purchasing power parity of middle class population across the globe is another key factor which is expected to drive for automotive external airbags over the coming years.
With the increasing demand of passenger cars, manufacturers are working on implementation of this technology in passenger cars with prime focus on cost cutting along with increase in safety. This factor is anticipated for the growth of automotive external airbag market.
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