Remember meForgot password?
    Log in with Twitter
| Press Release

Automotive Airbags Market to Reach 179.2 Million Units by 2025; Increasing Passenger Safety Awareness Programs to Propel Growth: Fortune Business Insights

Pune, Dec. 03, 2019 (GLOBE NEWSWIRE) -- The global Automotive Airbags Market volume is projected to reach 179.2 million units by 2025, thereby exhibiting a CAGR of 13.3% during the forecast period. However, the market was valued at 75.1 million units in 2018. This information is published in an upcoming report by Fortune Business Insights, titled, “Global Automotive Airbags Market Size, Share & Industry Analysis, By Application (Knee, Side, Front, Curtain), By Vehicle Type (Passenger Cars, Commercial Vehicles), and Regional Forecasts, 2019-2025.” The market is expected to gain momentum from a rise in the implementation of strict safety rules and regulations for pedestrians and drivers. Additionally, governments of various countries are enforcing OEMs to install airbags in commercial vehicles as well as passenger cars to double the safety features.

To gain more insights into the market with detailed table of content and figures, click here:

Highlights of the Report

  • In-depth analysis of various insights, namely, Automotive Airbags Market trends, growth drivers, opportunities, and other related challenges.
  • Comprehensive details of key market players, their core competencies, and market shares.
  • The potency of suppliers and buyers to make better business decisions.
  • Lists out the market size in terms of volume.

Increasing Consumer Expenditure on Various Vehicle Safety Features to Drive Growth

The increasing number of road accidents is further leading to severe fatalities in the human body. It is resulting in a rise in the number of awareness programs regarding safety amongst the consumers. It would propel the Automotive Airbags Market growth during the forecast period. Moreover, consumers are rapidly shifting towards spending more on numerous available safety features in their vehicles owing to rising disposable income. It is opening doors to investment opportunities for the industry giants. Besides, manufacturers are including active and passive safety systems in automobiles to provide better driving experience and comfort to the consumers, which in turn, would contribute to the market growth.

Passenger Car Segment to Lead: Rising Production in Developing Countries Will Surge Growth

In terms of vehicle type, the market is grouped into commercial vehicles and passenger cars. Amongst them, at present, the passenger car segment holds the largest Automotive Airbags Market share. It is projected to lead the market in the coming years. The governments of several countries are putting forward stringent laws regarding the safety of the passengers. Combined with this, a rise in the production and sales of passenger cars in emerging nations would augment the growth of this segment.

The commercial vehicle segment, on the other hand, would experience notable growth during the forthcoming years. This growth is attributable to the increasing number of commercial vehicle crashes that have further lead to the rising deployment of vehicle safety systems by commercial vehicle manufacturers. It would improve the safety of the occupant. The Federal Motor Carrier Safety Administration (FMCSA) mentioned that in 2017, 0.45 million heavy-duty commercial vehicle crashes had occurred in the U.S. alone. Hence, the manufacturers are concerned with passengers’ safety.

Request a Sample Copy:

Europe to Dominate: Stringent Regulations Regarding Occupant & Pedestrian Safety to Favor Growth

The market is geographically fragmented into Asia Pacific, North America, Europe, and the rest of the world. Amongst them, Europe is set to dominate the market in the coming years owing to strict government rules regarding pedestrian and occupant safety for the vehicle. Furthermore, major countries, such as Sweden, the U.K, France, and Germany are promoting Euro NCAP actively.

Asia Pacific, on the other hand, is expected to showcase a steady growth. A rise in the production and sales of vehicles in developing nations, namely, China and India would contribute to growth of the market in this region. Apart from that, increasing awareness campaigns about vehicle safety systems amongst the consumers would also drive Automotive Airbags Market growth.

North America is anticipated to grow significantly during the forecast period. This growth is attributable to the Intermodal Surface Transportation Efficiency Act of 1991. As per the act, the installation of airbags is mandatory in light-duty commercial vehicles as well as passenger cars.

Autoliv Develops Novel Front Center Airbag to Save Lives During Side-Impact Crash

November 2019: Autoliv, Inc., an automotive safety supplier, headquartered in Sweden, declared that it has developed an innovative front-center airbag. It is specifically designed for side-impact crash situations. It was exhibited at the company’s ‘Capital Markets Day’ on November 19 at Utah. The airbag would aid in preventing driver-to-passenger and driver-to-interior impact.

List of the Prominent Companies Operating in the Global Automotive Airbags Market are:

  • ZF Friedrichshafen AG
  • Continental
  • Denso Corporation
  • Hyundai Mobis
  • Autoliv
  • Takata
  • Joyson Electronic 
  • Robert Bosch GmbH

Have Any Query? Ask Our Experts:

Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Mergers, Acquisitions and Partnerships
    • Distributor Analysis – For Major Players
    • Growth and Penetration Analysis
    • Porter’s Five Forces Analysis
    • PEST Analysis
    • Vendor landscape
  • Global Automotive Airbags Market Analysis, Insights and Forecast, 2015-2025
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Application
      • Knee
      • Front
      • Side
      • Curtain
    • Market Analysis, Insights and Forecast – By Vehicle Type
      • Passenger car
      • Commercial Vehicle
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Rest of the World

TOC Continued….!!!!

Request for Customization:

Have a Look at Related Reports:

Electric Vehicle Telematics Market Size, Share & Industry Analysis, By Type (embedded, retrofitted), By Market (OEMs, aftermarket), By Application (safety & security, entertainment, information & navigation, diagnostics, others), and Regional Forecasts, 2019-2026

Electric Vehicle Market Size, Share & Industry Analysis, By Type (Battery Electric Vehicles (BEV), Plug-In Hybrid Electric Vehicles (PHEV), Hybrid Electric Vehicles (HEV), and Others), By Vehicle Type (Passenger Cars and Commercial Vehicles), and Regional Forecast, 2019-2026

Automotive Radar Market Size, Share & Industry Analysis, By Range (short-range, medium-range, long-range), By Application (Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Forward-Collision Warning System (FCWS), Blind Spot Detection (BSD), Intelligent Parking Assistance), and Regional Forecasts, 2019-2026

Automotive Sensors Market Size, Share & Industry Analysis, By Sensor Type (Temperature Sensor, Pressure Sensor, Speed Sensor, Position Sensor, Others), By Application Type (Powertrain, Chassis, Exhaust, ADAS, and Others), By Vehicle Type (Passenger Car, LCV, HCV), and Regional Forecast, 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Website: Fortune Business Insights
Follow us on
LinkedIn | Twitter | Blogs

Primary Logo

Latest News
Top News