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Global Airbag Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5912000

Quick Summary:

In the sphere of automotive safety, airbag systems stand as pivotal components, mandated by regulatory bodies and sought after by safety-conscious consumers. Integrated into the very fabric of modern vehicle design, airbags provide an essential layer of protection in the event of a collision, cushioning passengers from severe trauma and contributing to a notable reduction in automotive fatalities. Understanding the dynamics of the global airbag market is critical for stakeholders who aim to navigate this competitive and technologically evolving landscape.

The compelling need for enhanced vehicle safety against the backdrop of rising passenger vehicle sales drives the expansion of the airbag market. With a variety of types such as frontal, knee, side, and curtain airbags, producers are tailoring innovations to address the diverse challenges of road safety. This report offers an authoritative analysis of the airbag industry, including a detailed examination of market segmentation by type, module, vehicle type, sales channel, and regional distribution. Those poised to capitalize on this market's growth will find this research invaluable in developing strategies that align with current trends and forecasted developments.

The global airbag market size reached US$ 29.8 Billion in 2022. Looking forward, the market is expected to reach US$ 48.1 Billion by 2028, exhibiting a growth rate (CAGR) of 8.31% during 2022-2028.

Airbags are designed to inflate and deflate promptly and protect occupants during a collision. They receive signals from sensors when the vehicle is suddenly deaccelerated to slow down the passenger’s forward motion. They assist in minimizing the impact of a collision and reduce driver fatalities and serious head injuries in frontal crashes. Nowadays, leading manufacturers are introducing vehicles with side airbags (SABs) to reduce serious chest injuries in side-impact collisions. They are also offering side-curtain and knee airbags to significantly reduce the risk of injuries on the knees, thighs, and hips.

Airbag Market Trends

A significant rise in the sales of passenger vehicles around the world on account of inflating income levels and rapid urbanization represents one of the primary factors influencing the demand for airbags. Moreover, according to the World Health Organization, around 1.3 million people die every year due to road traffic injuries. As a result, governing agencies of numerous countries are mandating the installation of airbags in vehicles. Besides this, the increasing awareness among individuals about vehicle safety is also contributing to the market growth. Furthermore, several automotive manufacturers are focusing on installing heavy-duty trucks with airbags to improve the safety of truck drivers. The escalating use of commercial trucks to transport cargo, from food to heavy machinery, is also impelling the growth of the market. Apart from this, the leading market players are developing advanced airbags, such as a front center for far-side impact collisions and using durable and highly engineered textiles to expand their consumer base. They are also introducing inflators that meet stringent government regulations and customer requirements worldwide, which is creating a favorable market outlook.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global airbag market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, module, vehicle type and sales channel.

Breakup by Type:

  • Frontal Airbag
  • Knee Airbag
  • Side Airbag
  • Curtain Airbag

Breakup by Module:

  • Inflator or Gas Generator
  • Air Bag
  • Crash Sensors

Breakup by Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle

Breakup by Sales Channel:

  • Original Equipment Manufacturers
  • Aftermarkets

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Autoliv Inc., Continental AG, Daicel Corporation, DENSO Corporation, Hyundai Motor Group, Joyson Safety Systems (Ningbo Joyson Electronic Corp.), Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.), Robert Bosch GmbH, TOYODA GOSEI Co. Ltd. and ZF Friedrichshafen AG.

Key Questions Answered in This Report:

  • How has the global airbag market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global airbag market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the module?
  • What is the breakup of the market based on the vehicle type?
  • What is the breakup of the market based on the sales channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global airbag market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Airbag Market

What is the estimated value of the Global Airbag Market?

The Global Airbag Market was estimated to be valued at $29.8 Billion in 2022.

What is the growth rate of the Global Airbag Market?

The growth rate of the Global Airbag Market is 8.3%, with an estimated value of $48.1 Billion by 2028.

What is the forecasted size of the Global Airbag Market?

The Global Airbag Market is estimated to be worth $48.1 Billion by 2028.

Who are the key companies in the Global Airbag Market?

Key companies in the Global Airbag Market include Aurora Spine Inc, B. Braun Melsungen AG, Globus Medical, HPI Implants, Johnson & Johnson Private Limited, Medtronic, NuVasive Inc., Orthofix Medical Inc, Surgalign and ulrich GmbH & Company KG.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Airbag Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Frontal Airbag
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Knee Airbag
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Side Airbag
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Curtain Airbag
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Module
7.1 Inflator or Gas Generator
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Air Bag
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Crash Sensors
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Vehicle Type
8.1 Passenger Vehicle
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicle
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Sales Channel
9.1 Original Equipment Manufacturers
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aftermarkets
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Autoliv Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Continental AG
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Daicel Corporation
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 DENSO Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Hyundai Motor Group
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Joyson Safety Systems (Ningbo Joyson Electronic Corp.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Robert Bosch GmbH
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 SWOT Analysis
15.3.9 TOYODA GOSEI Co. Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 ZF Friedrichshafen AG
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 SWOT Analysis

Companies Mentioned

  • Autoliv Inc.
  • Continental AG
  • Daicel Corporation
  • DENSO Corporation
  • Hyundai Motor Group
  • Joyson Safety Systems (Ningbo Joyson Electronic Corp.)
  • Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.)
  • Robert Bosch GmbH
  • TOYODA GOSEI Co. Ltd.
  • ZF Friedrichshafen AG

Methodology

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