Rising Demand for Silicone Coated Airbag Systems to Boost the Motorcycle Airbag Industry Growth
Based on coating, the silicone coated airbag systems are expected to witness an increased demand over the forecast period. The growth can be attributed to the fact that silicone coating allows rapid deployment of airbags and decreases air permissibility and, hence, it is increasingly preferred over neoprene coated and uncoated airbags. Moreover, it also shows high resistance against heat and pressure, thus, protecting the airbag from several damages. The sturdy and efficient nature of silicone coated airbag systems are aiding the growth of the segment.Region-wise, the Asia-Pacific is expected to provide enhanced growth opportunities for the market expansion over the forecast period owing to the rising sales of motorcycles, growing government initiatives towards improving vehicular safety, and escalating consumer disposable incomes in the region.
Motorcycle Airbag: Market Segmentation
Motorcycle airbag system can be referred to as a motorcycle safety system designed to protect the riders and save them from injuries in a collision. The system deploys an airbag that surrounds the rider, thus, significantly reducing the risk of spinal cord injury. The airbag inflates before the rider crashes and hits the ground and provides impact protection to the areas of the body vulnerable in a motorcycle crash, that is, back, neck, and chest. The system includes airbag vests and jackets for bike riders. Wireless and tethered airbag systems are available either in the form of vests or jackets or integrated within a jacket or race suit. Earlier, there were only tethered systems, but with the years of development and red tape, wireless airbag systems have also entered the market.Based on component, the market is divided into:
- Crash Sensor
- Airbag Module
- Airbag ECU
- Inflator
- Others
By fabric type, the industry can be segmented into:
- Nylon
- Polyester
- Others
By coating, the market is grouped into:
- Neoprene Coated
- Silicone Coated
- Non-Coated
On the basis of distribution channel, the industry can be categorised into:
- OEM
- Aftermarket
Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Rising Awareness Regarding Road Safety to Bolster the Growth of the Motorcycle Airbag Industry
The growing cases of road accidents are driving the demand for improved vehicular safety. The rising awareness regarding road safety and the favourable government initiatives are pushing the growth of the motorcycle airbag industry forward. The growth is expected to be higher in developing regions owing to the increasing awareness regarding road safety and the rising demand for premium motorcycles.The growing focus of manufacturers to launch innovative and advanced safety systems is also aiding the growth of the industry. Over the forecast period, the growing utilisation of advanced sensor technology in airbag systems is expected to have a positive effect on the expansion of the global motorcycle airbag industry.
Key Industry Players in the Global Motorcycle Airbag Market
The report gives a detailed analysis of the following key players in the global motorcycle airbag market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:- Honda Motor Co., Ltd
- Helite Moto
- Mugen Denko Co., Ltd.
- Dainese S.p.A.
- Others
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Companies Mentioned
The key companies featured in this Motorcycle Airbag market report include:- Honda Motor Co., Ltd
- Helite Moto
- Mugen Denko Co., Ltd.
- Dainese S.p.A.