Automotive Airbag Market – Global Industry Analysis and Forecast (2022-2027)

Automotive Airbag Market size was valued at US$ 11.62 Bn. in 2021 and the total revenue is expected to grow at 10.11 % through 2022 to 2027, Automotive Airbag Market is reaching nearly US$ 20.71 Bn. by 2027.

Automotive Airbag Market Overview

Airbags are the most important safety device used in automobiles. Increasing consumer demand for safety and stringent government policies start increasing the demand for airbags in vehicles. Many countries starts formulating laws to implement airbags in vehicles is mandatory. United States has the highest market share in the automotive airbags market at a CAGR of 25.7% during the forecast period. Automotive airbags consist of components such as airbag module, sensor, hood lift limiter, and others. Automotive Airbag Market To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2017 to forecast the market through 2027. 2021 is considered a base year however 2021’s numbers are on real output of the companies in the market. Special attention is given to 2020 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Automotive Airbag Market dynamics:

Increasing awareness of vehicle safety and production of passenger vehicles drive the automotive airbags market during the forecast period. The automotive industry rapidly growing as the demand for passenger and commercial vehicle demand increases, including curtain airbags and drivers safety of the driver as well as passenger. With the development of sensors in vehicles to collect the information that ensures various control units. The automotive airbag market is expected to experience a substantial change in the forecast period. Honda, a Japanese automaker, has teamed up with Autoliv, a Swedish airbag producer, to reduce the likelihood of injuries in a variety of collisions. The key to gaining a competitive edge over other producers in the automotive airbag market is to invest in R&D. To avoid probable airbag injuries, they are intensifying their efforts to bring the airbag closer to the passenger. Stakeholders are paying attention to profit potential in the Indian automobile airbag industry. As a result, Asia Pacific is also expected to have the largest proportion of the market. India's Ministry of Road Transport and Highways recently announced plans to improve passenger safety in automobiles. Companies in India's automobile airbag market are the opportunity, as the new mandate is based on the Supreme Court Committee on Road Safety's recommendations. In the vehicle airbag market, rear-seat airbags are a game-changing development. The new Mercedes S-Class is becoming well-known for its one-of-a-kind back seat airbags, which protect passengers in the event of a frontal collision. Carmakers and airbag manufacturers are expected to work together to provide safe sedans with improved overall comfort, such as kid seats that can be accommodated, a belt bag that can be added.

Automotive Airbag Market Segment Analysis:

Based on Vehicle Type, the market is sub-segmented into, Passenger Cars (PC), Light Commercial Vehicle (LCV), Buses, and Trucks. Passenger vehicle segment leading the market in 2021. Side-impact standards necessitate a specific level of the chest and head protection, as well as soft material to cushion. In all vehicles, especially luxury passenger cars, curtain airbags are appropriate for this type of crash. As a result, demand for nylon-based curtain-based airbags will skyrocket in the forecast years. According to a World Health Organization report, over 1.35 million people die every year as a result of automobile collisions, with the majority of these deaths occurring in low- and middle-income nations. As a result, the use of curtain airbags has expanded dramatically during the last decade. Based on Type, the market is sub-segmented into, Front airbags, Side airbags, Knee airbags, and Curtain Airbag. The need for automotive airbags, particularly curtain airbags, is increasing as safety regulations for all vehicle types improve. Curtain airbags are likely to account for a large portion of the vehicle airbag market, according to the MMR report. Curtain airbags are built into the front, rear, and side pillars to protect the driver and passengers' heads and chests from any direction of impact. The global use of curtain airbags is fuelled by the increasing adoption of mini-cars, sedan luxury automobiles, and heavy-duty rails.

Automotive Airbag Market Regional Analysis:

The automotive airbag market is expected to grow at a steady step. Increased production of passenger automobiles and light vehicles in the United States will improve sales. In March 2021, the International Organization of Motor Vehicle Manufacturers reported that passenger and commercial vehicle manufacturing in the United States totaled roughly 21,084,417 units. According to the research, the U.S. automobile market has to get back well and is nearly back to pre-pandemic levels, with a 68.3 % increase in March. Hyundai and Chevrolet, both industry titans, reported record sales of premium passenger cars, with sales up 159.5 %and 39.2 %, respectively. Increasing demand for curtain airbags in the United Kingdom is likely to drive market growth over the forecast period. The need for automotive airbags is being increased by rising sales of electric vehicles and technological advancements in the European automotive industry. Along with increased electric car sales, government actions aimed at ensuring passenger safety will propel the market forward. In 2020, the European Commission announced financing for airbag valve technology, which included a customized safety airbags initiative to produce enhanced passenger car safety technologies. India is one of Asia's greatest passenger car manufacturing hubs, making it one of the most profitable markets for automotive airbags. According to the Society of Indian Automobile Manufacturers (SIAM), passenger automobile sales in India go up by 11.4 % in 2021, resulting in a total output of 22,652,108 units. Along with expanding passenger car sales and increased government activities to promote driver and passenger safety, automakers are increasing the deployment of automobile airbags in the country. According to the Ministry of Road Transport and Highways (MoRTH), the government issued a new rule in the gazette notification that would require all new vehicles to include dual front airbags as standard equipment starting April 1st, 2021. Automakers are using new processes and employing modern technologies to improve product design and quality as a result of the government's new mandate. Due to the increasing volumes of passenger car production across the region, Germany is likely to be another profitable region. According to the Federal Motor Transport Authority (KBA), passenger automobile manufacturing in 2020 was roughly 2,917,678 units, down from 3,607,258 units in 2019. Due to the halt in manufacturing and global shutdown during the FQ-20, passenger automobile sales decreased following the unprecedented outbreak of COVID-19. The recovery of the automobile sector in Germany, however, enhanced the production of passenger cars, necessitating customer demand. The objective of the report is to present a comprehensive analysis of the global Automotive Airbag Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Automotive Airbag Market dynamics, structure by analyzing the market segments and project the global Automotive Airbag Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Automotive Airbag Market make the report investor’s guide.

Automotive Airbag Market Scope: Inquiry Before Buying

Global Automotive Airbag Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 11.62 Bn.
Forecast Period 2022 to 2027 CAGR: 10.11 % Market Size in 2027: US $ 20.71 Bn.
Segments Covered: by Types • Front Airbag • Side Airbag • Knee Airbag • Curtain Airbag
by Vehicle type • Passenger Cars (PC) • Light Commercial Vehicle (LCV) • Buses • Trucks
by Module • Inflator or Gas Generator • Air Bag

Automotive Airbag Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Automotive Airbag Market Key Players

• ABC Group • AB Tube Processing, Inc. • ACS Industries, Inc. • Advanced Elastomer Systems • Am-Safe Commercial Products • Amphenol Corporation • Analog Devices, Inc. • ARC Automotive, Inc. • Ashimori Industry Co., Ltd. • Calsonic Kansei • China National Bluster (Group) Corporation • Chukoh Chemical Industries, Ltd. • Daicel Chemical Industries Ltd. • East Joy Long Airbag Motor Co. Ltd. • Gaotian (Shanghai) Automobile Safety Device Co., Ltd. • Global Tek (wuxi) Co. Ltd. • Fujitsu TEN Ltd. • Furukawa Electric • Hanwha Group • Hyosung Corporation • Hyundai Mobis Frequently Asked Questions: 1) What was the market size of Global Automotive Airbag Market in 2021? Ans - Global Automotive Airbag Market was worth US$ 11.62 Bn. 2021. 2) What is the market segment of the Automotive Airbag Market? Ans -The market segments are based on Product, Vehicle type and by Module. 3) What is the forecast period considered for Global Automotive Airbag Market? Ans -The forecast period for Global Automotive Airbag Market is 2022 to 2027. 4) What is the market size of Global Automotive Airbag Market in 2027? Ans – Global Automotive Airbag Market is estimated as worth US$ 20.71 Bn. 5) Which region is dominated in Global Automotive Airbag Market? Ans -In 2021, North America region dominated the Global Automotive Airbag Market.
1. Global Automotive Airbag Market : Research Methodology 2. Global Automotive Airbag Market : Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Automotive Airbag Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Automotive Airbag Market : Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-17.6 Impact 4. Global Automotive Airbag Market Segmentation 4.1. Global Automotive Airbag Market ,by Type (2021-2027) • Front Airbag • Side Airbag • Knee Airbag • Curtain Airbag 4.2. Global Automotive Airbag Market ,by Vehicle type (2021-2027) • Passenger Cars (PC) • Light Commercial Vehicle (LCV) • Buses • Trucks 4.3. Global Automotive Airbag Market ,by Module (2021-2027) • Inflator or Gas Generator • Air Bag 5. North America Automotive Airbag Market (2021-2027) 5.1. North America Automotive Airbag Market ,by Type (2021-2027) • Front Airbag • Side Airbag • Knee Airbag • Curtain Airbag 5.2. North America Automotive Airbag Market ,Vehicle type (2021-2027) • Passenger Cars (PC) • Light Commercial Vehicle (LCV) • Buses • Trucks 5.3. North America Automotive Airbag Market ,By Module (2021-2027) • Inflator or Gas Generator • Air Bag 5.4. North America Automotive Airbag Market , by Country (2021-2027) • US • Canada • Mexico 6. European Automotive Airbag Market (2021-2027) 6.1. European Automotive Airbag Market ,by Type (2021-2027) 6.2. European Automotive Airbag Market ,by Vehicle type (2021-2027) 6.3. European Automotive Airbag Market ,by Module (2021-2027) 6.4. European Automotive Airbag Market ,by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Automotive Airbag Market (2021-2027) 7.1. Asia Pacific Automotive Airbag Market ,by Type (2021-2027) 7.2. Asia Pacific Automotive Airbag Market ,by Vehicle type (2021-2027) 7.3. Asia Pacific Automotive Airbag Market ,by Module (2021-2027) 7.4. Asia Pacific Automotive Airbag Market ,by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Automotive Airbag Market (2021-2027) 8.1. Middle East and Africa Automotive Airbag Market ,by Type (2021-2027) 8.2. Middle East and Africa Automotive Airbag Market ,by Vehicle type (2021-2027) 8.3. Middle East and Africa Automotive Airbag Market ,by Module (2021-2027) 8.4. Middle East and Africa Automotive Airbag Market ,by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Automotive Airbag Market (2021-2027) 9.1. Latin America Automotive Airbag Market ,by Type (2021-2027) 9.2. Latin America Automotive Airbag Market ,by Vehicle type (2021-2027) 9.3. Latin America Automotive Airbag Market ,by Module (2021-2027) 9.4. Latin America Automotive Airbag Market ,by Country (2021-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. ABC Group 10.1.1. Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. AB Tube Processing, Inc. 10.3. ACS Industries, Inc. 10.4. Advanced Elastomer Systems 10.5. Am-Safe Commercial Products 10.6. Amphenol Corporation 10.7. Analog Devices, Inc. 10.8. ARC Automotive, Inc. 10.9. Ashimori Industry Co., Ltd. 10.10. Calsonic Kansei 10.11. China National Bluestar (Group) Corporation 10.12. Chukoh Chemical Industries, Ltd. 10.13. Daicel Chemical Industries Ltd. 10.14. East Joy Long Airbag Motor Co. Ltd. 10.15. Gaotian (Shanghai) Automobile Safety Device Co., Ltd. 10.16. Global Tek (wuxi) Co. Ltd. 10.17. Fujitsu TEN Ltd. 10.18. Furukawa Electric 10.19. Hanwha Group 10.20. Hyosung Corporation 10.21. Hyundai Mobis

About This Report

Report ID 11119
Category Automotive and Transportation
Published Date Nov 2019
Updated Date April 2022
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