Title: Automotive Airbags Market Research Reports To 2025
1Automotive Airbags Market Trends 2019 Forecast
To 2025
2Key Insights from Automotive Airbags Market
- Frontal automotive airbag market size will
witness strong growth over the study timeframe
owing to its deployment as a standard feature in
majority of the vehicles. Driver and front seat
passengers have high chances of getting hurt in
case of any crash or accident. Development of
innovative products with electronic control unit
(ECU) to enhance product efficiency will drive
the segment penetration. The sensors gather
information and transfer signal to the system for
its deployment. - Coated segment leads the market share with its
use for majority of vehicle positions. Coating
ensures smooth deployment and allows to deflate
after reaching peak inflation pressure. Moreover,
the coating controls fabric permeability,
prevents from hot inflator gases and pinholes
from hot particulates. Non-coated segment will
witness steady growth over the study timeframe
with its deployment for front passenger seat. - Commercial vehicles hold significant share in the
automotive airbag market owing to high number of
crashes involving heavy-duty vehicles. Commercial
vehicle manufacturers are deploying systems to
enhance vehicle safety thereby driving segment
growth.
3Continued
Increasing product recalls and inefficient safety
system will limit the market growth. In January
2019, Ford recalled around 149,650 vehicles
fitted with Takata airbag. The faulty products
exploded and shot shrapnel towards vehicle
occupants. Further, deployment of counterfeit
airbags in vehicles will hinder product demand.
However, rising vehicle tests will positively
influence the industry proliferation in next six
years. OEM leads the market size owing to airbag
deployment to enhance passenger safety. Vehicle
manufacturers are deploying systems to ensure
crashworthiness. In October 2018, Volkswagen
launched Vento model with side air bags to
attract more consumers. Aftermarket is at nascent
stage and will witness significant growth with
increasing vehicle crashes and accidents.
4Asia Pacific Automotive Airbag Market Size, By
Country, 2025, (USD Million)
5 Latest Research Report On Automotive Airbags
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6Regional Insights in Automotive Airbags Market
Europe holds significant share in the automotive
airbag market owing to presence of major
automobile manufacturers including BMW, Fiat,
Ford, Daimler and DAF Trucks. Asia Pacific will
witness strong growth with emergence of
regulations mandating safety systems for vehicle
occupants. In October 2017, Government of India
instructed the vehicle manufacturers to
incorporate frontal airbags. Such initiatives
will drive product demand in next six years.
7Major Companies in Automotive Airbags Market
- Autoliv
- Takata
- ZF TRW
- Continental
- Toyoda Gosei
- KSS
- Nihon Plast
- Robert Bosch GmbH,
- Denso Corporation
8Industry Coverage
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