USD 2.8 Billion
Report ID:
SQMIG25A2237 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
119
|Figures:
72
Automotive Airbag Fabric Market size was valued at USD 3 Billion in 2023 and is poised to grow from USD 3.19 Billion in 2024 to USD 5.28 Billion by 2032, growing at a CAGR of 6.48% during the forecast period (2025-2032).
Stringent safety regulations imposed by governments and automotive safety organizations across the globe are driving the demand for airbag fabrics for automotive applications. Continuous advancement in fabric technology plays an important role in the automotive airbag fabric market. Manufacturers are investing in research and development to improve airbag fabric strength, durability and performance. Innovations in textile materials, weaving techniques, and coatings aim to provide tear resistance, archway resistance, airbag efficiency and reduce weight and cost. Airbags are essential to protect the drivers and occupants of any vehicle in an accident or sudden incident. Most cars use airbags as part of the basic safety system. During a sudden impact, the airbags expand to help prevent direct injury to passengers. Airbags are made of highly advanced materials and can withstand rapid air expansion without rupturing during manufacture. Airbags are made of several airtight materials; Nylon 6,6 is the preferred fabric for airbags. The airbags are also made of aramid fabric. However, the cost of aramid is significantly higher thus, it is reserved for niche applications. The fabric of the airbag must exhibit two important properties: high tensile strength and minimum air permeability. Additionally, it must be durable, have a small or low specific density, and be fatigue-resistant. The airbag fabric market is primarily driven by vehicle sales and is highly dependent on vehicle manufacturing.
Global Market Size
USD 2.8 Billion
Largest Segment
Silicone
Fastest Growth
Neoprene
Growth Rate
6.48% CAGR
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The automotive airbag fabric market segmentation, based on airbag type, includes front airbag, side airbag, knee airbag, curtain airbag, and other airbags. The automotive airbag fabric market segmentation, based on vehicle type, includes passenger cars, light commercial vehicles, heavy trucks, buses, and coaches. The automotive airbag fabric market segmentation, based on coating type, neoprene coated, silicone coated, and uncoated. The automotive airbag fabric market segmentation, based on yarn type, includes polyamide and polyester. Region wise, the automotive airbag fabric industry is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Analysis by Type
The front airbag segment is the dominating in the market. By 2022, it formed a significant share of the front airbag segment and is expected to hold the leading position during the forecast period. Every model of the car is equipped with a driver’s airbag as standard, adding to the segment’s growth. Moreover, rising safety concerns in the automotive industry have led to the installation of front passenger airbags, which will propel the market during the forecast period.
Side airbag is the fastest growing in the market. The side airbag segment had a significant market share in 2022. With the increasing focus on safety across the globe and tightening of safety regulations, many automakers are installing side airbags in their vehicles to meet this need thus providing segment growth in the global market.
Analysis by Service
The silicone coated segment dominated the global automotive airbag fabric market by 2022. It is better quality as compared to the uncoated fabric. Unlike neoprene, previously used for the same purpose, silicone elastomers are mainly used as coatings. Owing to excellent creep resistance, good tensile strength, high modulus, low shrinkage, dimensional stability, increased flexibility and low cost, uncoated fabrics are expected to grow rapidly in the coming years.
Neoprene is a synthetic rubber known for its durability, flexibility and resistance to oils, chemicals and extreme heat and it is the fastest growing segment. Within the automotive airbag fabric market, neoprene covered fabric plays an important role in ensuring the effectiveness and safety of airbag systems. Neoprene-covered fabric is often used in the manufacture of the airbag itself. The neoprene cover helps retain the air, allowing the airbag to inflate quickly and consistently upon activation. The airtightness of the container is essential to maintain the airbag’s airflow integrity, allowing for easy deployment and protecting occupants in the event of an impact.
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North America region dominated the global automotive airbag fabric market by 2022 (45.80%). In the coming years there may be a need for airbags and accessories due to the anticipated resurgence of automobile manufacturing. Moreover, the U.S. automotive airbag fabric market holds the largest market share, and Canadian automotive airbag fabric market is the fastest growing market in North America region.
Asia-Pacific automotive airbag fabric market is anticipated to witness a high growth rate from 2024 to 2031. The major factors influencing the growth of this segment are rapid expansion of lightweight vehicle manufacturing in China and India, growth concerns subject to passenger safety and security requirements established respectively regimes. But due to emerging assembly lines and rising airbags in cars, the rest of the world is predicted to expand the fastest. Apart from, China automotive airbag fabric market held the largest market share, and Indian automotive airbag fabric market is the fastest growing market in Asia-Pacific and is present.
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Drivers
Increasing Demand for Electric Vehicles
Rapidly Increasing Vehicle Safety Awareness Among Consumers is Helping the Demand for Airbags
Restraints
High Cost of Fittings for Airbag Systems
Rise in the Supply Chain Disruptions
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The competitive environment in the automotive airbag fabric market drives collaboration and innovation among manufacturers. Strategic dialogue between airbag and fabric suppliers, automotive manufacturers and technology suppliers contributes to sophisticated products. Major players in the Automotive Airbag Fabric market, including Global Safety Textiles, HMT, New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., Kolon Industries, and Toyota Boshoku Corporation, are attempting to increase market demand by investing in research and development operations.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Increased consumer adoption of automotive safety features will increase the market demand for occupant protection from motor vehicle accidents. Industry stakeholders are developing innovative airbag concepts that significantly reduce the chances of occupants being injured in multiple accidents. One of the most important restraints faced by the global automotive airbag fabric market is the risk of supply chain disruption. Factors such as raw material shortages, logistical challenges, geopolitical pressures and natural disasters can disrupt textile supply chains, affecting production schedules and potential delays results in airbag system development This may adversely affect the market growth and profitability for manufacturers. Globally, the automotive airbag fabric market continues to grow owing to increasing automotive safety regulations, increasing passenger safety awareness, and increasing production volume. Technological advances in textile materials, such as the use of advanced fabrics, coatings and weaving techniques drive market growth. These innovations aim to improve fabric strength, tear and airbag handling characteristics have improved while reducing weight and cost. The market is competitive, with major players competing based on product quality, innovation and cost.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3 Billion |
Market size value in 2032 | USD 5.28 Billion |
Growth Rate | 6.48% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automotive Airbag Fabric Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Airbag Fabric Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Airbag Fabric Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Airbag Fabric Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25A2237
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