ALBANY, NY, August 17, 2021 / PRNewswire / – Global Automotive Airbag Market: Overview
Automotive airbags refer to the passenger restraint devices in vehicles that help protect the passenger’s chest and head in the event of an accident or collision. Airbags are designed to act and expand in milliseconds, providing cushioning for car occupants. During the forecast period, 2021 to 2031, the global automotive airbag market is expected to grow steadily. The market is expected to be driven by the implementation of strict occupant safety standards in cars around the world. Another major component of the global automotive airbag market is improving public awareness of safety features. Automakers include airbags as standard in their automobiles to persuade more people to buy them. As a result, the global automotive airbag market is expected to grow even faster.
In 2020, the global automotive airbag market was valued at over $ 12.1 billion. The market is expected to grow at a CAGR of 8% during the forecast period.
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Main conclusions of the market report
- Next-generation sensor technology to reduce the risk of airbag injury
With the development of sensors in cars to glean data to ensure better communication between different control units, the automotive airbag market is expected to experience considerable development in the near future. These control units include belt tensioners, airbags and other vehicle features that can quickly detect an impending collision.
Honda, a Japanautomaker, worked with Autoliv, a Swedish airbag manufacturer, to reduce the risk of injury in various crashes. The key to gaining a competitive advantage over other manufacturers in the automotive airbag industry is to invest in research and development. They redouble their efforts to bring the airbag closer to the passenger in order to reduce the risk of injury.
- Sedan Manufacturers Take Advantage of Business Opportunities Created by New Rear Seat Air Bags
In the automotive airbag market, rear seat airbags are a game-changing invention. The new Mercedes S-Class is gaining popularity thanks to its unique rear airbags, which cushion passengers in a frontal collision. Companies in the automotive airbag market are drawing inspiration from these advances to expand their research into sedan-specific rear airbags. Airbag manufacturers and automakers should work together to provide safe sedans with improved overall ergonomics, like inflated seat belts and the addition of child seats. Airbag systems that can be placed in the back of the front seat see production increase by companies.
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Automotive airbag market: growth drivers
- The density of vehicles in large cities and increasing traffic jams, as well as human errors while driving, are expected to increase the risk of car accidents. In order to prepare for such unpredictable circumstances, customers demand cars with enhanced security measures. The growing demand for automotive safety is pushing automakers to include sophisticated safety technologies in their vehicles.
- Industry players dominate the market with technical innovations that improve the safety of vehicle passengers. The development and design of new automotive airbag systems that significantly reduce the likelihood of damage to vehicle occupants in a vehicle collision is pursued by key industry participants.
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Automotive Airbag Market: Main Competitors
Some of the major market players are
- Robert Bosch GmbH
- Hella GmbH & Co. KGaA
- Nihon Plastic Company Co. Ltd
- Calsonic Kansei Corporation (Mareli)
- Hyundai Mobis Co. Ltd
- Denso Corporation
Automotive Airbag Market: Segmentation
- Front position
- Lateral position
- Side curtains
- Rear position
- Knee position
- Airbag inflator
- Diagnostic monitoring unit
- Collision sensor
- Tourism vehicle
- Commercial vehicle
- Electric vehicle
- Single line configuration
- Lounge configuration
- Two-row configuration
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