The latest report on Automotive Airbag Market by Infinium Global Research gives complete coverage of the Automotive Airbag Market by type (front, side, curtain, automotive knee airbag), vehicle type (commercial, passenger vehicles) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and application trends in the regional markets of Automotive Airbags such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Increase the Demand for Airbag Installation in Passenger Cars
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 the plastic industry. In addition, rapid technological advances taking place in the automotive airbag industry has led to the rapid adoption of new technologies.
However, airbags are only needed in developed markets which are a major factor hampering the growth of the global market of automotive airbags in the developing countries. Furthermore, the National Highway Transport Safety Administration of the U.S. approved a regulation authorizing for the 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.
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Growth Opportunities for the Key Players in the Automotive Airbags Industry
Increasing disposal income may have an impact on the individuals to invest more in 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 are anticipated to boost the growth of the global market in the near future.
Among the geographies, North America is expected to witness the largest share in the automotive airbag market followed by Europe and the Asia-Pacific. Furthermore, increasing the internal demand for a vehicle with added safety equipment is within the vehicle in the Asia Pacific region is expected to observe 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.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the automotive airbag.
- Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.