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Automotive Airbags - Global Strategic Business Report

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    Report

  • 343 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 338751

Global Automotive Airbags Market to Reach $84.1 Billion by 2030

The global market for Automotive Airbags estimated at US$55.7 Billion in the year 2023, is projected to reach a revised size of US$84.1 Billion by 2030, growing at a CAGR of 5.3% over the analysis period 2023-2030.

Side-Impact Airbags, one of the segments analyzed in the report, is projected to record 5.6% CAGR and reach US$27.9 Billion by the end of the analysis period. Growth in the Front-Impact Driver Airbags segment is estimated at 5.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $14.2 Billion, While China is Forecast to Grow at 8.3% CAGR

The Automotive Airbags market in the U.S. is estimated at US$14.2 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 22 Featured)

  • Denso Corporation
  • ZF Friedrichshafen AG
  • Hyundai Mobis Co., Ltd.
  • Toyoda Gosei Co., Ltd.
  • Nihon Plast Co., Ltd.
  • Denso International India Pvt., Ltd.
  • Joyson Safety Systems.
  • Special Devices Inc.
  • Ningbo Joyson Electronic Corp.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • 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
  • 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
  • Automotive Airbags - Global Key Competitors Percentage Market Share in 2023 (E)
  • Component Integration Drives Companies towards Vertical Integration
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (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
  • 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 and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Automotive Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Automotive Airbags by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Side-Impact Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Side-Impact Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Side-Impact Airbags by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • 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 and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Front-Impact Driver Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-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 and Rest of World for Years 2014, 2024 & 2030
  • 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 and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Front-Impact Passenger Airbags by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-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 and Rest of World for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2014, 2024 & 2030
  • Table 22: World Automotive Airbags Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (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 2024 (E)
  • An Overview of the Market
CHINA
  • Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
  • An Overview
EUROPE
  • Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (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 2024 (E)
GERMANY
  • Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (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 2024 (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 2024 (E)
  • Asia-Pacific Continues to be the Growth Engine
  • Automotive Airbags: A Market Primer
AUSTRALIA
  • Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Automotive Airbags Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (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 2024 (E)
BRAZILMEXICOREST OF LATIN AMERICAREST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Denso Corporation
  • ZF Friedrichshafen AG
  • Hyundai Mobis Co., Ltd.
  • Toyoda Gosei Co., Ltd.
  • Nihon Plast Co., Ltd.
  • Denso International India Pvt., Ltd.
  • Joyson Safety Systems.
  • Special Devices Inc.
  • Ningbo Joyson Electronic Corp.

Table Information