Automotive Airbags Market Report and Forecast 2025-2034

The global automotive airbags market attained a value of D 15.31 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 9.57% to reach nearly USD 38.18 Billion by 2034.

Increasing Demand for Safer and Convenient Driving to Augment the Market Growth

The rising demand for convenient driving among youth is driving the market for automotive airbags. Airbags provide head and neck protection to occupants in case of collision of vehicles. It gives protection to passengers in case of a rollover crash. As a result, the increasing focus on safety while driving is a significant factor boosting the market. Geographically, Asia Pacific is a significant region contributing to the market growth of automotive airbags because of the increasing manufacturing of vehicles in countries like South Korea and Japan, among others. In addition to this, growing consumer awareness for occupant protection against vehicle crashes is another reason propelling the growth of the market. Moreover, the increasing development of advanced airbag systems is expected to be a major factor enhancing the growth of the global market.

Automotive Airbags: Market Segmentation

An airbag is a vehicle safety device that comprises a cushion designed to inflate rapidly and protect passengers in case of collision or accident. Airbag helps in decreasing the amount of force impacting a person's head.

Market Breakup by Airbag Type

• Knee
• Front
• Curtain and Side
• Others

Market Breakup by Vehicle Type

• Passenger Cars
• Commercial Vehicle
• Others

Market Breakup by Sales Channel

• OEM
• Aftermarket

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

The Floursihing Automotive Sector is Contributing to the Market Growth of Automotive Airbags

The growth in the global market for automotive airbags is being driven by the flourishing automotive sector. Rising innovations and the introduction of advanced features in new vehicle models is augmenting the automotive sector, thereby adding impetus to the market growth of automotive airbags. This can be associated with the implementation of stringent government regulations pertaining to the deployment of airbags in new vehicles. In addition, advancements in ADAS system is further propelling the market for automotive airbags in personal vehicle applications. Furthermore, with the development of autonomous vehicles, the market is likely to witness robust growth during the forecast period as well. In line with this, increasing partnerships between automotive manufacturers and companies inbolved in the production of airbags is anticipated to stimulate the market in the coming years. Moreover, factors such as rising consumer awareness, willingness to spend on vehicular security and protection systems, and rising per capita disposable incomes are expected to play a significant role in determining the growth of the market during the forecast period.

Key Industry Players in the Global Automotive Airbags Market

The report presents a detailed analysis of the following key players in the global automotive airbags market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Joyson Safety Systems Aschaffenburg GmbH
• Autoliv Inc.
• TOYODA GOSEI Co., Ltd.
• ZF Friedrichshafen AG
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.