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Automotive Airbags - Global Market Trajectory & Analytics

  • ID: 338751
  • Report
  • May 2021
  • Region: Global
  • 343 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Autoliv
  • Denso Corporation
  • Key Safety Systems Inc.
  • Takata Corporation
  • Toyoda-Gosei Co. Ltd.

Global Automotive Airbags Market to Reach US$91.5 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Automotive Airbags estimated at US$56.9 Billion in the year 2020, is projected to reach a revised size of US$91.5 Billion by 2027, growing at a CAGR of 7% over the analysis period 2020-2027.Side-Impact Airbags, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$27.6 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Front-Impact Driver Airbags segment is readjusted to a revised 6.6% CAGR for the next 7-year period. This segment currently accounts for a 20.8% share of the global Automotive Airbags market.



The U.S. Accounts for Over 26.9% of Global Market Size in 2020, While China is Forecast to Grow at a 11.4% CAGR for the Period of 2020-2027


The Automotive Airbags market in the U.S. is estimated at US$15.3 Billion in the year 2020. The country currently accounts for a 26.88% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$21 Billion in the year 2027 trailing a CAGR of 11.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 5.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$21 Billion by the year 2027.

Front-Impact Passenger Airbags Segment Corners a 19.9% Share in 2020


In the global Front-Impact Passenger Airbags segment, USA, Canada, Japan, China and Europe will drive the 6.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8.5 Billion in the year 2020 will reach a projected size of US$13.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.1 Billion by the year 2027, while Latin America will expand at a 7.7% 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.
Frequently Asked Questions about the Global Market for Automotive Airbags

What is the estimated value of the Global Market for Automotive Airbags?

The Global Market for Automotive Airbags was estimated to be valued at $56.9 Billion in 2020.

What is the growth rate of the Global Market for Automotive Airbags?

The growth rate of the Global Market for Automotive Airbags is 7.0%, with an estimated value of $91.5 Billion by 2027.

What is the forecasted size of the Global Market for Automotive Airbags?

The Global Market for Automotive Airbags is estimated to be worth $91.5 Billion by 2027.

Who are the key companies in the Global Market for Automotive Airbags?

Key companies in the Global Market for Automotive Airbags include Autoliv, Denso Corporation, Key Safety Systems Inc., Takata Corporation, Toyoda and TRW Automotive Holdings Corp..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Autoliv
  • Denso Corporation
  • Key Safety Systems Inc.
  • Takata Corporation
  • Toyoda-Gosei Co. Ltd.
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Automotive Airbags: A Primer
  • A Chronology of Airbag Market Development
  • Classification of Airbags
  • Segmentation Based on Size
  • Airbag Size of US & Europe (In Liters)
  • Components of an Airbag
  • Crash Sensors
  • Electromechanical Sensors
  • Electronic Sensors
  • Airbag Module
  • Bag Pack
  • Inflator
  • Gas Generant
  • Initiator
  • Filters
  • Segmentation Based on Deployment
  • Frontal Impact Airbags
  • Side Impact Airbags
  • Other Airbags
  • Evolution of Auto Parts, Components & Accessories Market
  • Exhibit 1: Global Market for Auto Parts & Accessories (2019): Percentage Breakdown of Revenue by Segment
  • Automotive Safety Systems Fast Gaining Ground in Automotive Parts & Components Industry
  • Airbags: Safety Systems that Act as 'Life Savers' During High Speed Collisions
  • Key Factors Influencing Market Growth
  • Rising Incidents of Road Accidents: A Major Growth Factor
  • Stringent Regulations Promote Market Growth
  • Increasing Sales and Production of Passenger Cars Augurs Well for the Market
  • Rising Awareness Provides Impetus to Demand for Airbags
  • Emergence of Semi/Fully Autonomous Vehicles: A Strong Business Case
  • Technological Advances Influences Demand
  • Rising Concerns over Occupant Safety Speed Up Adoption of Automotive Airbags
  • Outlook
  • Passenger Vehicle Segment to Maintain Lead
  • Geographic Market Analysis
  • Developed and Developing Markets: A Study in Contrast
  • Market Dynamics Influenced by Economic Scenario
  • Global Economic Outlook (Oct 2019): Real GDP Growth Rates (%) by Country/Region for the Years 2018 through 2020
2. FOCUS ON SELECT PLAYERS
  • Ashimori Industry Co., Ltd. (Japan)
  • Autoliv, Inc. (Sweden)
  • Continental AG (Germany)
  • Denso Corporation (Japan)
  • Hyundai Mobis Co., Ltd. (South Korea)
  • Infineon Technologies AG (Germany)
  • Joyson Safety Systems, Inc. (USA)
  • Nihon Plast Co. Ltd. (Japan)
  • Neaton Auto Products Manufacturing Inc. (USA)
  • Robert Bosch GmbH (Germany)
  • Toyoda Gosei Co., Ltd. (Japan)
  • Toshiba Electronic Devices & Storage Corporation (Japan)
  • ZF Friedrichshafen AG (Germany)
3. MARKET TRENDS & DRIVERS
  • Rise in Vehicle Demand Bodes Well for Automotive Airbags Market
  • Exhibit 2: Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
  • Exhibit 3: Global Passenger Car Sales (In Million Units) for the Years 2010 - 2024
  • Exhibit 4: Global Passenger Car Sales by Region/Country (% Share): 2018
  • Auto OEMs Battle Their Biggest Nightmare as Takata's Recall Saga Continues Into the Year 2020
  • Among the Lessons Learnt from Takata's Recalls is the Importance of "SRM"
  • Exhibit 5: As Recalls Intensify & Put Vehicle Quality in the “Spotlight”, It’s Time to Develop Effective Ways to Eliminate Supply Chain Risks in the Automotive Industry: Number of Vehicles Recalled in the United States (In 000s) for the Years 2008, 2010, 2013, 2015, 2018, 2019 and 2020
  • Rapid Urbanization and Passenger Car Density Supports Growth
  • World Urban Population in Thousands: 1950-2050P
  • Exhibit 6: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • Affluent Middle Class Opens Up Asia into a Major Market
  • A Key Demographic Driver of Consumerism, the Growing Middle Class Population in Asia Pacific Drives Demand for New Cars: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Expanding Base of Middle Class in the Asian Region Provides the Perfect Platform for Automotive Consumerism: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Autonomous Vehicles to Redefine Entire Idea of Automotive Airbags
  • Growing Number of Road Accidents Drives Business Case for Automotive Airbags
  • Exhibit 7: Number of Deaths Caused by Road Accidents Worldwide by Region for the Years 2017 & 2030
  • Growing Consumer Awareness in Safety Equipment Drives Demand for Airbags
  • Growing Adoption of In-Vehicle Safety Systems by Auto Manufacturers as a Key Differentiating Factor Augurs Well for the Market
  • Airbag Recalls to Stimulate Product Innovation and Market Growth
  • Strong Demand for Electric Vehicles to Spur Growth
  • Global Electric Vehicles Sales in Million Units (2015-2040)
  • Global EV Sales Breakdown by Region for the Years 2019, 2025 & 2030
  • New Product Developments: The Ongoing Saga
  • New Airbag Modules to Lend Traction in the Coming years
  • Growing Demand for Rollover-Safety Systems
  • Australian vs. American Airbags: An Example of Product Diversity
  • Notable Innovations in Automotive Airbags and Inflators Market
  • Single/Dual/Multiple Stage Inflators
  • Compact Airbags & Flexible Vent Technology
  • Panoramic Sunroof Airbag
  • Inflatable Seat Belts
  • Dashboard Mounted & Head Cradle Airbags
  • Seat Cushion & External Hood Airbags
  • Front-/Rear-Center Airbag
  • Dual Contour & Far-Side Airbags
  • Pre-Crash External Side Airbags
  • Light Knee Airbag
  • Tubular Rear Passenger Airbag
  • External Side Airbag
  • Smart Airbags for Smart Cars
  • More Airbag Solutions
  • Market Restraints
  • Issues & Challenges
  • Concerns Over Injuries & Deaths Due to Faulty Airbags
  • Growing Number of Product Recalls: Cause for Concern
  • Takata Recall Casts a Shadow on Reliability of Automotive Airbags
  • Disabling Airbags: An Emerging Market
  • To Deactivate or Not: An Ongoing Controversy
  • Depowered Airbags: Designed to Save Children
  • Saturation for Frontal Airbags in the US and Western Europe
  • Automotive Airbags: Regulatory Regime
  • Safety Regulations Lend Traction to Automotive Airbags Market
  • Supplier Industry Structure: Role Shift Results in New Configuration
  • A Strategic Insight
  • Tier-1 Suppliers
  • Tier-2 and Tier-3 Suppliers
  • Growth Strategy
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES
  • The Automobile Market
  • Airbags: An Overview
  • Active Safety Taking Precedence over Passive Safety
  • New Airbag Modules to Drive Growth
  • Role of Government and Regulatory Authorities
  • NHTSA Rules: A Boon for Airbag Manufacturers
  • Crash Test Requirements to Enhance the Protection for Children, Infants and Others Against Fatalities due to Airbag
  • Market Analytics
CANADA
  • Market Overview
JAPAN
  • An Overview of the Market
CHINA
  • An Overview
EUROPE
  • Automotive Market: An Insight
  • Airbag Market in Europe: An Overview
  • Market Analytics
FRANCE

GERMANY
  • The German Automobile Market
  • Automotive Airbags Market: An Overview
ITALY

UNITED KINGDOM
  • Auto Parts and Components Industry
SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC
  • Asia-Pacific Continues to be the Growth Engine
  • Automotive Airbags: A Market Primer
  • Passenger Car Production in Asia by Select Countries (in 000 Units): 2018
AUSTRALIA

INDIA
  • India: A Unique Market
  • Unique Characteristics Call for Unique Solutions
  • Global Manufacturers Line Up to Invest in India
SOUTH KOREA

REST OF ASIA-PACIFIC
  • Singapore: Market Prospects
LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 22
Note: Product cover images may vary from those shown

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.
Note: Product cover images may vary from those shown
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