Automotive Airbag Market

28 Feb


Automotive Airbag Market Poised to Grow at a CAGR of 8.6% by 2024

  • By admin

  • January, 1970

Infinium Global Research has added a new report on Automotive Airbag Market. The report presents analysis of global as well as regional markets of automotive airbag market over the period of 2016 to 2024. Increased number of road accidents and increasing safety concerns are the key factors driving the growth of the automated airbags market. Moreover, the automotive airbag market is also driven by advancements in plastic industry. In addition, the rapid technological advances taken place in the automotive airbag industry, has led to the rapid adoption of new technologies .However, airbags are only needed in developed markets which is a major factor hampering the growth of the global market of automotive airbags in the developing countries. Furthermore, National Highway Transport Safety Administration of the U.S. approved a regulation authorizing for installation of airbags in passenger cars. Hence, this has increased the safety awareness among the consumers across the globe which is expected to increase the demand for airbag installation in passenger cars.  


Increasing disposal income may have impact on the individuals to invest more on the safety features within the vehicle which is expected to provide growth opportunities for the key players in the automotive airbags market. On the other hand the stringent road safety government regulations and increased automotive safety awareness in various countries is anticipated to boost the growth of the global market in near future. Among the geographies, North America is expected to witness largest share in automotive airbag market followed by Europe and Asia Pacific. Furthermore, increasing internal demand of vehicle with added safety equipment is within the vehicle in the Asia pacific region is expected to observer highest growth in the years to come. However, the U.S. is the largest user of the airbag technology owing to technological advancement.


The leading companies identified in the market are Delphi Automotive plc, TRW Automotive Holdings Corp., Key Safety Systems Inc., Tokai Rika Co. Ltd., Toyoda, Denso Corp., Takata Corp. and Autoliv Inc. Some of the competitors in the global automotive airbag market are General Motors, Volkswagen, and Toyota, Daimler, and Ford Motors .Furthermore, there is a rise in competition among automotive manufacturers owing to factors such as innovation and development time, reliability, fuel economy, safety, product quality & features, and pricing. Moreover, the growth matrix presented by Infinium Global Research identifies the key investment markets in the near future, this will not only help the companies to understand the competitive position in the global automotive airbag market but also make strategic decisions to capture the most lucrative markets in the near future. The market size is presented in terms of value for the historic year 2016 and estimated for forecast period of 2018-2024.


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The recent report identified that North America dominated the global automotive airbag market over the last couple of years, while emerging markets of Asia-Pacific and Latin America are anticipated to contribute significantly to the growth in the automotive airbag market worldwide.


The report segments the global automotive airbag market on the basis of Type and Vehicle Type.


Global Automotive Airbag Market by Type

·         Automotive Front Airbag

·         Automotive Side Airbag

·         Automotive Curtain Airbag

·         Automotive Knee Airbag


Global Automotive Airbag Market by Vehicle Type

·         Commercial Vehicles

·         Passenger Vehicles


Companies Profiled in the Report

·         Continental AG

·         Key Safety Systems

·         Neaton Auto Products Manufacturing Incorporation

·         Toyoda Gosei Corporation

·         Denso Corporation

·         Robert Bosch GmbH

·         TRW Automotive

·         Takata Corporation

·         Delphi Automotive

·         Autoliv


About Infinium Global Research

Infinium Global Research is a business intelligence company that provides its clients with market information services, solutions, and reports. The intelligence reports include qualitative as well as quantitative information, which are blended using forecasting models in order to project future market demand. Our panels of Subject Matter Experts (SMEs), Analysts, and Consultants use numerous data gathering tools in order to provide you with detailed information on the market as well as a preview of its projected growth. Our repository includes the largest and most credible databases, through which we determine various qualitative and quantitative parameters of the market to provide you with an in-depth business intelligence report.


Infinium Global Research reports and consulting services cover numerous sectors, which include healthcare, chemicals, materials, energy, packaged goods, food and beverages, technology, and communications. These reports provide readers with market insights and detailed analysis of market segments to possible micro levels. Our reports, with stratified research methodology and wider scope of analysis, provide clients with crucial insights and information to meet their every requirement.