- The Automotive Airbags market is expected to grow alongside with the automotive industry.
- Governments of all countries have established minimal standards to install airbags in automobiles for the safety of passengers and drivers.
- Airbags are vital parts of safety mechanisms integrated in almost all automobiles.
Automotive Airbags have crucial role in the automotive industry; they protect the passengers and the driver during an unexpected mishap from sudden impact. Airbags are vital parts of safety mechanisms integrated in almost all automobiles.
Generally, automotive airbags are classified into type products, such as front airbag, curtain airbag, side airbag and knee airbag. Further, they are segmented according to type of fabric, which could be either coated fabric or non-coated fabric.
The Automotive Airbags market is expected to grow alongside with the automotive industry. Rising consumer demands due to increasing disposable income and preference of better living standards is expected to touch a compound annual market growth rate of 8.5 %. Another factor contributing significantly in the growth of the market is rising awareness towards road safety, as well as inclination towards innovative technologies.
One example is technology to minimize the impact of an accident. Further, an increasing number of accidents are generating expectation for all automobiles to be incorporating airbags to help prevent injury in accidents. Furthermore, governments of all countries have established minimal standards to install airbags in automobiles for the safety of passengers and drivers.
On the basis of type, Automotive Airbag market is segmented into: Front Airbag, Curtain Airbag, Side Airbag, and Knee Airbag.
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Geographically, the Automotive Airbag market is segmented into North America, Latin America, Europe, Middle East Africa, Asia Pacific excluding Japan and Japan.Owing to rapid growth of automotive industry and implementation of stringent government regulations, Europe is estimated to account for sizable market share and it is expected to remain the dominant region during the forecast period. North America is anticipated to be next in the run followed by rest of the regions.
Some of the prominent players in the Automotive Airbag market are:
- TRW Automotive Holdings Corporation
- Takata Corporation
- Delphi Automotive PLC
- Hyundai Mobis Co., Ltd.
- Toyoda Gosei Co.
- Denso Corporation
- Robert Bosch GmbH
- Continental AG
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