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Automotive Airbags - Global Market Trajectory & Analytics

  • ID: 338751
  • Report
  • February 2022
  • 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 $68.1 Billion by 2024


Airbags are perhaps, the most important safety device in an automobile. Growing consumer demand for safety, stringent government safety legislations, and reduction in costs, have started encouraging auto manufacturers to increasingly incorporate airbags in their vehicle models. Several countries have also formulated laws to make the installation of airbags mandatory. Amid the COVID-19 crisis, the global market for Automotive Airbags is projected to reach US$68.1 Billion by 2024, registering a compounded annual growth rate (CAGR) of 4.7% over the analysis period. United States represents the largest regional market for Automotive Airbags, accounting for an estimated 25.7% share of the global total. The market, estimated at US$13.2 Billion in 2019 is projected to reach US$17.5 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 6.5% over the analysis period.

New vehicles and increasing adoption of safety features are primary drivers for the adoption of automotive airbags. The health of automotive industry and level of auto production has a direct bearing on the demand for airbags in the OEM segment. Higher the number of vehicles produced translates into higher number of airbags installed at OEM level, while any disruption in vehicle production tends to distort opportunities in the automotive airbags market. North America remains the primary market for automotive airbags globally, led by technological advances, rising consumer awareness regarding safety issues and continuous progress related to safety restraint systems. The regional market is receiving a notable boost from enactment of stringent regulations pertaining to road safety in the US and Canada. Growth in European automotive airbags market is backed by mandatory airbags guidelines and consumer awareness regarding vehicle safety aspects. The increasing adoption of safety certification in the region is encouraging automakers to launch vehicles that conform to existing safety standards. In Asia-Pacific region, increasing vehicle production across developing countries including China and India, rising incomes and growing sales of luxury vehicles is expected to boost growth. The region is the largest manufacturer of automobiles globally and witnessing increasing sales of vehicles, which is partly attributed to easy availability of finance and continuous introduction of new vehicle models.

Select Competitors (Total 22 Featured) -

  • 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

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
  • 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

  • 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
  • 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


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

SPAIN


RUSSIA


REST 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

  • Singapore: Market Prospects

LATIN AMERICA

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

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

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

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

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

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