Automotive Airbag Market
Report ID: SQSG25A2013
Automotive Airbag Market Size, Share, Growth Analysis, By Type (Frontal Airbag, Side Airbag), By Vehicle Type (Hatchback/Sedan, SUV), By Component (Airbag Inflator, Impact Sensors), By Region -Industry Forecast 2025-2032.
Report ID:
SQSG25A2013 |
Region:
Global |
Published Date: November, 2024
Pages:
246
|Tables:
63
|Figures:
75
Automotive Airbag Market Insights
Automotive Airbag Market size was valued at USD 13.89 Billion in 2023 and is poised to grow from USD 14.61 Billion in 2024 to USD 21.91 Billion by 2032, growing at a CAGR of 5.20% during the forecast period (2025-2032).
According to WHO, road traffic accident claims the lives of about 1.3 million individuals every year. Injuries that are not fatal affect between 20 and 50 million more people, many of whom develop disabilities as a result of their injuries. For individuals, their families, and entire nations, road traffic accidents result in significant economic losses. These losses are caused by the price of medical care, lost wages from the time that family members must miss from work or school to care for the injured, and the costs associated with treating those who die or become disabled as a result of their injuries. Most nations lose 3% of their gross domestic product annually to traffic accidents.
More clients are adopting mobile lifestyles, which raises the significance of technical characteristics. A lot of people used to spend a lot of time outside of their homes before nightfall, with their homes serving as a go-to centre. Many Automotive Airbags are already designed with travel in mind, and over the past several years, participation in adventure sports and other leisure activities has significantly increased, fueling the market's expansion.
US Automotive Airbag Market is poised to grow at a sustainable CAGR for the next forecast year.
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Automotive Airbag Market Segmental Analysis
Global Automotive Airbag Market is segmented into Type, Vehicle Type, Component, and region. By Type, the market is classified into Frontal Airbag, Side Airbag, and Others. Depending on the Vehicle Type, it is categorized into Hatchback/Sedan, SUV, LCV, and HCV. According to Component, the market is divided into Airbag Inflator, Impact Sensors, Indicator Lamp, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Automotive Airbag Market Analysis by Type
Based on the type, the automotive airbag market is bifurcated into front, side, knee, and curtain. The front type segment has the largest market share for automotive airbags and is expected to dominate the market over the forecast period. As most accidents involve head-on collisions, frontal airbags significantly lower the number of fatalities. The curtain-type segment is also anticipated to fuel the market's expansion. The risk of a passenger sitting on the side suffering a severe head injury is reduced by these airbags by roughly 50%. The installation of curtain-type airbags in commercial vehicles is another factor that will likely drive up demand. For instance, rollover side curtain airbags are now standard on Scania's next-generation trucks to protect drivers in rollover accidents.
Automotive Airbag Market Analysis by Vehicle Type
Based on vehicle type, the automotive airbag market is segmented into passenger car and commercial vehicle. The passenger car segment held the largest market share and is expected to continue to rule the industry over the coming years. The market is anticipated to grow as a result of rising passenger car sales and production in developing nations. The tightening of government regulations pertaining to passenger safety is also anticipated to fuel market expansion. Followed by commercial vehicles having a significant market share. Vehicle manufacturers have implemented vehicle safety systems to improve occupant safety as a result of the increase in crashes involving commercial vehicles. Each year, there are about 500,000 truck collisions in the US and there are about 6,000 fatal trucking accidents every year. This element is probably what will fuel the commercial vehicle segment expansion.
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Automotive Airbag Market Regional Insights
Europe is expected to control the automotive airbag market share. Due to strict government regulations regarding vehicle occupant and pedestrian safety. The results of the Euro NCAP are actively promoted by France, the UK, and Sweden. Sweden is promoting its internal travel policy, which calls for vehicles used for official business to have a 5-star safety rating. The North America market share is anticipated to increase significantly over the course of the forecast period. Airbags are a requirement for passenger cars and light-duty commercial vehicles under the Intermodal Surface Transportation Efficiency Act of 1991. This is leading to an increase in the market for automotive airbags in this area. Also anticipated for Asia Pacific is a healthy growth rate. The rising vehicle production and sales in developing countries like China and India are expected to fuel market expansion in this region. The growing consumer awareness of the significance of vehicle safety systems is likely to be advantageous for the Asia Pacific market.
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Automotive Airbag Market Dynamics
Automotive Airbag Market Driver
- Traffic jams are a common occurrence in all major cities around the world due to a lack of space and inadequate urban infrastructure. The mobility space of urban economies is constrained by the enormous number of individual cars and driving errors. Road accidents, reckless driving, and failure to wear safety equipment result in the deaths of over 1.3 million people each year. This results in severe human fatalities that could otherwise be completely avoided. In order to prevent injuries during collisions and lower the death rate, auto manufacturers are installing airbags in their vehicles. This will fuel the market for automotive airbags during the anticipated period of growth.
- The installation of airbags in both commercial and passenger vehicles is required by government regulation in all regions. The market for automotive airbags is then anticipated to grow as a result. During the forecast period, it is anticipated that the automotive airbag industry will undergo significant change due to the development of sensors in vehicles to gather the information that ensures various control units interact better. Included in this are airbags, belt tensioners, and other car attributes that can quickly identify an approaching collision.
Automotive Airbag Market Restraint
- Lack of consumer awareness of traffic laws, especially in rural areas, is predicted to hinder the global market for automotive airbags. The development of the automotive airbag market is also constrained by a lack of government initiatives to promote automotive airbags as a component of road safety. Additionally, a major barrier to consumer adoption of automotive airbags is the absence of government authorities to enforce appropriate traffic regulations in rural areas of developing and underdeveloped countries, which is anticipated to negatively affect market growth during the forecast period.
- The high cost of automotive airbags is one of the main obstacles. An automotive airbag that protects the user's head and neck requires a significant investment in research, development, and design. Furthermore, the expansion of the global market is being hampered by an increase in the number of Chinese producers of inexpensive and fake automotive airbags. The increased use of e-commerce platforms has increased the demand for counterfeit goods, which is a significant threat to the global market.
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Automotive Airbag Market Competitive Landscape
Global automotive airbag market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.
Top Players in the Global Automotive Airbag Market
- Hyundai Motor Group
- Continental AG
- ZF Friedrischshafen AG
- Robert Bosch GMBH
- Denso Corporation
- Hella Gmbh & Co. KGaA
- Calsonic Kansei Corporation (Mareli)
- Nihon Plastic Company Co. Ltd
- Delphi Automotive
- Takata Corporation
- Autoliv Inc.
- Toyoda Gosei Co., Ltd.
- Daicel Corporation
- Joyson Safety Systems
- Nippon Kayaku Co., Ltd.
- Ashimori Industry Co., Ltd.
- Takata Corporation
- Hyundai Mobis
- TRW Automotive Holdings
- Continental AG
Automotive Airbag Market Recent Developments
- In June 2022, Nitin Gadkari bats to mandate 6 airbags for cars with capacity of 8 passengers. Indian Union Minister Nitin Gadkari announced the government’s plan to mandate the automakers to provide at least 6 airbags in motor vehicles with the capacity of up to 8 passengers
- In July 2022, Autoliv, the automotive safety systems manufacturer, and POC, snow sports and cycling protection firm, have joined hands to study and develop bicycle and e-bike helmets equipped with airbag technology to improve head protection and reduce the consequences of road accidents.
Automotive Airbag Key Market Trends
- In order to significantly increase the safety of drivers and passengers, the airbag system concept was introduced for passenger cars and heavy-duty vehicles. However, creative solutions like including airbags in previously untapped markets like two-wheelers are anticipated to open up opportunities for the expansion of the global airbag market. For instance, Autoliv Inc. and Piaggio Group collaborated to develop a two-wheeler airbag in 2021. To determine whether this system performs as intended and designed, the company has already started conducting extensive crash tests. The airbags are installed on both sides of the bike in a 2-wheeler vehicle system to provide complete coverage for the vehicle's protection, thereby ensuring pedestrian safety.
Automotive Airbag Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global automotive airbag market analysis, in terms of type, the front type segment has the largest market share for automotive airbags and is expected to dominate the market over the forecast period. As most accidents involve head-on collisions, frontal airbags significantly lower the number of fatalities. In terms of vehicle type, the passenger car segment held the largest market share and is expected to continue to rule the industry over the coming years. The market is anticipated to grow as a result of rising passenger car sales and production in developing nation.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.20 billion |
| Market size value in 2031 | USD 20.83 billion |
| Growth Rate | 5.20% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Automotive Airbag Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Automotive Airbag Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Automotive Airbag 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 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.
Analyst Support
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 Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Airbag 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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