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Automotive Airbag Market size was valued at US$ 12.79 Bn. in 2022 and the total revenue is expected to grow at 10.11 % through 2022 to 2029, Automotive Airbag Market is reaching nearly US$ 25.10 Bn. by 2029.
Automotive Airbag Market Overview:
The current condition of terminologies, segments, functions, and industry value chain structure was examined in the Automotive Airbag Market Research Report. The report offers unbiased expert commentary on the current market situation, previous financial position, consumption patterns rates, demand and supply ratios, and revenue generation estimates for the forecasted time. The Automotive Airbag market report also includes information on the strategic aspirations and company growth plans of the major organizations in the Automotive Airbag sector. Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Automotive Airbag market Transformation on both the global and regional levels.
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Market Scope:
Mergers and acquisitions, government and private sector transactions, partnerships and collaborations, joint projects, brand marketing, and product launches are some of the approaches studied. To summarise what has been mentioned so far, the study presents a complete picture of the Automotive Airbag market Transform on both the global and regional levels.
Segmentation:
The market is divided into four categories: passenger cars (PC), light commercial vehicles (LCV), buses, and trucks. In 2022, the passenger car sector will lead the market. Side-impact regulations require a specified level of chest and head protection, as well as soft cushioning material. Curtain airbags are ideal for this type of incident in all vehicles, particularly luxury passenger automobiles. As a result, demand for nylon-based curtain-based airbags is expected to increase in the coming years. According to a World Health Organisation report, over 1.35 million people are killed in car accidents each year, with the majority of these deaths occurring in low- and middle-income countries. As a result, the use of curtain airbags has increased significantly during the previous decade.
The market is divided into four segments: front airbags, side airbags, knee airbags, and curtain airbags. As safety rules for all vehicle types improve, the demand for automobile airbags, particularly curtain airbags, grows. According to the MMR analysis, curtain airbags are projected to account for a sizable percentage of the vehicle airbag market. Curtain airbags are installed in the front, rear, and side pillars to protect the driver’s and passengers’ heads and chests from all directions of impact. The global deployment of curtain airbags is being fueled by the growing popularity of mini-cars, sedan luxury sedans, and heavy-duty trains.
Global Automotive Airbag Market ,by Type (2022-2029)
• Front Airbag
• Side Airbag
• Knee Airbag
• Curtain Airbag
Global Automotive Airbag Market ,by Vehicle type (2022-2029)
• Passenger Cars (PC)
• Light Commercial Vehicle (LCV)
• Buses
• Trucks
Global Automotive Airbag Market ,by Module (2022-2029)
• Inflator or Gas Generator
• Air Bag
Key Players:
The following are the prominent players profiled in the Automotive Airbag market report:
1. ABC Group
2. AB Tube Processing, Inc.
3. ACS Industries, Inc.
4. Advanced Elastomer Systems
5. Am-Safe Commercial Products
6. Amphenol Corporation
7. Analog Devices, Inc.
8. ARC Automotive, Inc.
9. Ashimori Industry Co., Ltd.
10. Calsonic Kansei
11. China National Bluster (Group) Corporation
12. Chukoh Chemical Industries, Ltd.
13. Daicel Chemical Industries Ltd.
14. East Joy Long Airbag Motor Co. Ltd.
15. Gaotian (Shanghai) Automobile Safety Device Co., Ltd.
16. Global Tek (wuxi) Co. Ltd.
17. Fujitsu TEN Ltd.
18. Furukawa Electric
19. Hanwha Group
20. Hyosung Corporation
21. Hyundai Mobis
Regional Analysis:
The region portion of the research also provides key market impacting components and changes in market regulatory oversight that have an impact on the market’s current and future trends. New deals, substitute sales, national demography, regulatory actions, and import-export taxes are some of the major variables used to forecast the market situation for different areas.
COVID-19 Impact Analysis on Automotive Airbag Market:
The COVID-19 outbreak has had a significant impact on the global Automotive Airbag industry. Due to the worldwide slump and a lack of employees, Automotive Airbag manufacturing plants have been halted. The COVID-19 epidemic has caused a significant and long-term drop in production utilization, while travel prohibitions and facility closures have kept personnel away from their workplaces, causing the Automotive Airbag market to slow down in 2023.
The following are the key questions addressed in the Automotive Airbag Market Report:
- Which segment had the largest share in the Automotive Airbag market?
- How was the competitive scenario of the Automotive Airbag market in 2023?
- Which are the key factors responsible for the Automotive Airbag market growth?
- Which region held the maximum share in the Automotive Airbag market in 2023?
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