Global Automotive Airbags Market to Reach $69.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Automotive Airbags estimated at US$48.1 Billion in the year 2020, is projected to reach a revised size of US$69.9 Billion by 2027, growing at a CAGR of 5.5% over the period 2020-2027. Side-Impact Airbags, one of the segments analyzed in the report, is projected to record a 5.9% CAGR and reach US$22.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Front-Impact Driver Airbags segment is readjusted to a revised 5.3% CAGR for the next 7-year period.The U.S. Market is Estimated at $12.6 Billion, While China is Forecast to Grow at 8.7% CAGR
The Automotive Airbags market in the U.S. is estimated at US$12.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$14.1 Billion by the year 2027 trailing a CAGR of 8.7% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$8.4 Billion by the year 2027.Front-Impact Passenger Airbags Segment to Record 5% CAGR
In the global Front-Impact Passenger Airbags segment, USA, Canada, Japan, China and Europe will drive the 5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.7 Billion in the year 2020 will reach a projected size of US$10.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.4% CAGR through the analysis period.Select Competitors (Total 22 Featured)
- Autoliv
- Denso Corporation
- Key Safety Systems Inc.
- Takata Corporation
- Toyoda-Gosei Co. Ltd.
- TRW Automotive Holdings Corp.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 343 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 48.1 Billion |
Forecasted Market Value ( USD | $ 69.9 Billion |
Compound Annual Growth Rate | 5.5% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
REST OF ASIA-PACIFIC
LATIN AMERICA
MIDDLE EAST
AFRICA
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- Autoliv
- Denso Corporation
- Key Safety Systems Inc.
- Takata Corporation
- Toyoda-Gosei Co. Ltd.
- TRW Automotive Holdings Corp.