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
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