Automotive Airbags - Global Market Trajectory & Analytics

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

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 $48.1 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 5.5%, with an estimated value of $69.9 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 $69.9 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..

Report Attribute	Details
No. of Pages	343
Published	October 2022
Forecast Period	2020 - 2027
Estimated Market Value ( USD ) in 2020	$ 48.1 Billion
Forecasted Market Value ( USD ) by 2027	$ 69.9 Billion
Compound Annual Growth Rate	5.5%
Regions Covered	Global

I. METHODOLOGYII. 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
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
Automotive Airbags - Global Key Competitors Percentage Market Share in 2022 (E)
Component Integration Drives Companies towards Vertical Integration
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Rise in Vehicle Demand Bodes Well for Automotive Airbags Market
Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
Global Passenger Car Sales (In Million Units) for the Years 2010 - 2024
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"
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
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
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

Table 1: World Recent Past, Current & Future Analysis for Automotive Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 2: World Historic Review for Automotive Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Table 3: World 15-Year Perspective for Automotive Airbags by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
Table 4: World Recent Past, Current & Future Analysis for Side-Impact Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 5: World Historic Review for Side-Impact Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Table 6: World 15-Year Perspective for Side-Impact Airbags by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
Table 7: World Recent Past, Current & Future Analysis for Front-Impact Driver Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 8: World Historic Review for Front-Impact Driver Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Table 9: World 15-Year Perspective for Front-Impact Driver Airbags by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
Table 10: World Recent Past, Current & Future Analysis for Front-Impact Passenger Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 11: World Historic Review for Front-Impact Passenger Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Table 12: World 15-Year Perspective for Front-Impact Passenger Airbags by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
Table 13: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 14: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Table 15: World 15-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
Table 16: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 17: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Table 18: World 15-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
Table 19: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
Table 20: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
Table 21: World 15-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
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

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
An Overview of the Market

CHINA

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
An Overview

EUROPE

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Automotive Market: An Insight
Airbag Market in Europe: An Overview
Market Analytics

FRANCE

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
The German Automobile Market
Automotive Airbags Market: An Overview

ITALY

UNITED KINGDOM

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
Auto Parts and Components Industry

SPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
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

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
India: A Unique Market
Unique Characteristics Call for Unique Solutions
Global Manufacturers Line Up to Invest in India

SOUTH KOREA

REST OF ASIA-PACIFIC