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Automotive Airbag Market

Global Automotive Airbag Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: AT10578
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The growth in number of deaths due to increasing car accidents, increasing awareness about safety of vehicles, and inclination towards advanced automotive technologies to reduce the impact of accidents are some of the growth drivers for the global automotive airbag market. The rapid technological advances taken place in the automotive airbag industry, has led to the rapid adoption of new technologies. The automotive airbag market is also driven by advancements in plastic industry. The consumer’s preference for fuel efficient light weight cars has been compelling the vehicle component manufacturers and original equipment manufacturers (OEMs) to integrate light-weight car components. This is accelerating the demand of light plastics in the automotive accessory manufacturing. The use of plastic in a vehicle helps in weight reduction and facilitates fuel saving. The deployment of airbags in low cost cars is a major opportunity, which is expected to influence the growth of the global airbag market. Now-a-days, most of the premium or high cost cars are provided with airbag functionality, while the need of the hour is to integrate airbags in low cost cars and provide good quality reliable airbags within the premium cars.

An airbag consists of a flexible fabric bag, known as an airbag cushion. An airbag is designed to promptly inflate during a collision and deflate after the accident takes place. It is a type of vehicle safety device. There are various places, where the airbags are located in a vehicle. Front airbags inflate during crashes that take place at the frontal part of the vehicle. Side airbags cover the window and provide cushion between the head of the occupant and the side windows. Driver airbags, knee airbags, and side airbags help in protecting the knee, head, body and chest injuries and the inflators help to fill gas in the airbag fabric. One of the major growth drivers for the global automotive airbag market is the existence of car safety rating programs.

Some of the institutions, such as New Car Assessment Program (NCAP), award safety ratings to cars based on safety performance. The stringent road safety government regulations and increased automotive safety awareness in various countries is expected to boost the growth of the global market in near future. Presently, airbags are only mandatory in developed markets, which is a major factor hindering the growth of the global market of automotive airbags in the developing countries.

However, the incorporation of fake airbags in some cars and development of advanced security features are some of the major restraints in the global automotive market. The counterfeit airbags is a growing problem in the U.S. and Canada. The U.S. police estimated that one in 25 cars have fake airbags. The anti-crash sensors, vehicles using GPS (Global Positioning System) and driver less vehicles (Robotics) can impose serious threats to the airbag industry. During the next few years, vehicles are expected to be equipped with algorithms which can anticipate hazard and intervene or warn the driver. To some extent, this may pose as an indirect threat to the growth of the global airbags market. Takata Corporation, Toyoda Gosei Co. Ltd., DENSO CORPORATION, Robert Bosch GmbH, TRW Automotive Inc. are some of the competitors in the global automotive airbag market.

Global Automotive Airbag Market Segmentation:
By Product

  • Side Airbags
  • Knee Airbags
  • Front Airbags

By Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • The U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • Japan
    • India
    • China
    • Rest of APAC
  • Middle East & Africa
    • South Africa
    • Rest of MEA

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