by The global automotive airbag market size is forecasted to reach from US$ 22.56 billion in 2021 to US$ 42.16 billion by 2030 and is anticipated to grow at compounded annual growth rate (CAGR) of 7.2% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030.
The automotive airbag market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.
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As the rate of fatalities in vehicle accident is rising, so does the demand for safety equipment, boosting the demand for the automotive airbag market. Furthermore, the global automotive airbag market is being driven by government-implemented safety standards as well as increase in life expectancy. The rising disposable income have also influenced consumers to spend more on vehicle safety equipment, fueling the demand for automotive airbag in the market. The rising consumer awareness of technological advancements connected to vehicle safety systems is also a key factor for the growth of the automotive airbag market.
Report Highlights
- Based on the vehicle type, the passenger vehicle segment dominated the global automotive airbag market in 2020 with highest market share. The demand for passenger vehicles is increasing in all major regions throughout the world, which is favorably impacting the automotive airbag market.
- Based on the component, airbag inflator segment is estimated to be the most opportunistic segment during the forecast period. This is attributed to the rise in demand for automotive airbags due to increase in road accidents globally.
Scope of the Automotive Airbag Market
| Report Coverage | Details |
| Market Size in 2021 | US$ 22.56 illion |
| Growth Rate | CAGR of 7.2% from 2021 to 2030 |
| Revenue Projection by 2030 | US$ 42.16 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2021 |
| Forecst Period | 2021 to 2030 |
| Segments Covered | Vehicle, Airbag, Component, Region |
Competitive Intelligence
The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.
Some of the prominent players in the global automotive airbag market are listed as below:
- Hyundai Motor Group
- Continental AG
- ZF Friedrischshafen AG
- Robert Bosch GMBH
- Denso Corporation
- Hella Gmbh& Co. KGaA
- Calsonic Kansei Corporation (Mareli)
- Nihon Plastic Company Co. Ltd
- Delphi Automotive
- Takata Corporation
Market Dynamics:
Drivers
Rise in cases of road accidents
Every year, approximately 1.3 million people are killed in road accidents, according to the World Health Organization (WHO). Road traffic accidents are now the leading cause of death among children and adults aged 5 to 29. According to the WHO, the number of road traffic accidents is expected to rise in the coming years, which is one of the major reasons that automotive airbag sales are expected to increase. Because low- and middle-income countries have the highest number of road accidents, Asia-Pacific and Latin America are prime markets for automotive airbags. Furthermore, increased consumer awareness of traffic rules and safety consciousness is driving demand for airbags to prevent serious injuries caused by road accidents, thereby boosting automotive airbag market growth.
Restraints
High cost of automotive airbags and availability of counterfeit products
One of the major impediments is the high cost of automotive airbags. A significant amount of money is spent on the research, development, and design of an automotive airbag that protects the user’s head and neck. Furthermore, the high cost of high-end and effective automotive airbags forces the middle-income group to settle for lower-quality and less-expensive airbags. Moreover, an increase in the number of Chinese manufacturers offering low-cost and counterfeit automotive airbags is impeding global market growth. Counterfeit products are in high demand due to the increased popularity of e-commerce platforms, which serves as a major threat factor in the global market.
Opportunities
Government regulations for curbing road accident numbers
For many countries, road traffic accidents have become a major concern. It is a leading cause of death among children and young adults worldwide. As a result, governments in various countries have launched initiatives and enacted stringent traffic regulations in order to reduce the number of road accidents. Furthermore, in most countries, the government requires passengers to use airbags. As a result, the government’s increased role in improving road traffic conditions through stringent regulations, the construction of better roads, and the spread of awareness about the use of automotive airbags is expected to significantly contribute to the growth of the automotive airbag market during the forecast period.
Challenges
Lack of consumer awareness
The global automotive airbag market is expected to be hampered by a lack of consumer awareness regarding road safety regulations, particularly in rural areas. The lack of government initiatives for promotion of automotive airbags as a road safety equipment is also hindering the growth of the automotive airbag market. Furthermore, a lack of government authorities to implement proper traffic regulations in rural areas of developing and underdeveloped countries is a major factor restraining consumer adoption of automotive airbags, which is expected to have a negative impact on market growth during the forecast period.
Regional Snapshot
Asia-Pacific is the largest segment for automotive airbag market in terms of region. The government of countries such as India, China, and Japan are enacting strict regulations for the safety of the passengers in the Asia-Pacific region. The increasing demand for vehicle with added safety equipment is also propelling the demand for automotive airbag in the market.
North America region is the fastest growing region in the automotive airbag market. The U.S. is the largest consumer of the automotive airbag due to technological advancements. The need for automotive airbags is being boosted by rising sales of electric vehicles in the Asia-Pacific automotive airbag market.
Segments Covered in the Report
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicle
By Airbag Type
- Front airbag
- Knee airbag
- Side airbag
- Curtain airbag
By Component
- Air inflator
- Airbag control unit
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global automotive airbag market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for automotive airbag are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Airbag Market
5.1. COVID-19 Landscape: Automotive Airbag Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Airbag Market, By Vehicle
8.1. Automotive Airbag Market, by Vehicle Type, 2021-2030
8.1.1. Passenger Vehicle
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Commercial Vehicle
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Electric Vehicle
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Automotive Airbag Market, By Airbag
9.1. Automotive Airbag Market, by Airbag, 2021-2030
9.1.1. Front airbag
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Knee airbag
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Side airbag
9.1.3.1. Market Revenue and Forecast (2019-2030)
9.1.4. Curtain airbag
9.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Automotive Airbag Market, By Component
10.1. Automotive Airbag Market, by Component, 2021-2030
10.1.1. Air inflator
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Airbag control unit
10.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Automotive Airbag Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.1.3. Market Revenue and Forecast, by Component (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.2.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Component (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Component (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.3.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Component (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Component (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Component (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Component (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.5.3. Market Revenue and Forecast, by Component (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Component (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Vehicle (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Airbag (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Component (2019-2030)
Chapter 12. Company Profiles
12.1. Hyundai Motor Group
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Continental AG
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. ZF Friedrischshafen AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Robert Bosch GMBH
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Denso Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Hella Gmbh& Co. KGaA
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Calsonic Kansei Corporation (Mareli)
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nihon Plastic Company Co. Ltd
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Delphi Automotive
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Takata Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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