Automotive Airbags Market Analysis By Emerging Trends, Revenue Statistics And Demand Outlook To 2026

Global Automotive airbags market is poised to grow at more than 5.1% CAGR through 2026.Continuous need to limit the risk of fatal accidents with measures taken towards transport safety and enhanced productivity of vehicles, as strictly implied regulations, has scaled the automotive airbags industry forecast. Inflatable automotive airbags are potentially used to reduce the degree of injury impacts on the vehicle passengers. The airbags are rapidly inflated through sensors in the direction of the areas of impacts.

Increasing large investments in R&D by manufacturers for refined capabilities and additional protection has driven developments in automotive components. Automotive airbag manufacturers are working towards gaining technological insights and attracting mergers and acquisitions for market expansion.

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Knee airbags are highly recommended for use to avoid injuries to the driver and front seat passenger legs during an accident. Manufacturers of vehicles are positioning the knee airbags below the dashboard to attain a higher safety rate. For instance, the generation of Toyota Fortuner from April 2016 was conferred a 5-star rating for utilizing knee airbags in Latin NCAP crash test.

Automotive airbags can be segmented as coated or non-coated based on the fabric use. The coated automotive airbags yield more benefits than non-coated airbags in terms of long service life, high-quality sealing features, flame and high wear resistance, as they employ silicon and neoprene as coating materials in the fabric.

For instance, WACKER has developed ELASTOSIL silicone rubber, innovative liquid grades of silicone rubbers for chest and head airbags for improving and maintaining functional safety.

Raising awareness on vehicle safety directives has augmented automotive airbags market share in Asia Pacific. The automotive airbag demand across OEMs consistently gains momentum as companies are working on launching multiple vehicles with standardized safety precautions at varied prices.

Owing to the need for safety measures for vehicle occupants, OEM automotive airbags segment leads the industry value in terms of distribution channel. Airbag manufacturing companies are keen to scale up their production rates by appreciably investing in advanced production technologies and machineries. Lectra, in November 2018, launched Focus quantum, a software suite equipped with laser cutting technology for efficient productivity.

Automotive airbags have wide applications in passenger and commercial automobiles. The automotive airbags market for passenger vehicles is growing with various stringent government rules and regulations globally mandating installation of airbags. The vehicle manufacturers are now introducing new vehicle models frequently with 2 to 4 airbags, boosting industry expansion.

Few of the major automotive airbag companies include Mitsubishi Electric, Toyota Gosei, Ashimori Industry, ZF Friedrichshafen AG, Autoliv, Denso Corporation, Continental AG, Hyundai Mobis and Joyson.

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Partial Chapter of the Table of Content

Chapter 5. Automotive Airbags Market, By Fabric

5.1.    Global market share by fabric, 2019 & 2026

5.2.    Coated

5.2.1.    Global market estimates and forecasts, 2016-2026

5.2.2.    Market estimates and forecast, by region, 2016-2026

5.3.    Non-coated

5.3.1.    Global market estimates and forecasts, 2016-2026

5.3.2.    Market estimates and forecast, by region, 2016-2026

Chapter 6. Automotive Airbags Market, By Vehicle

6.1.    Global market share by vehicle, 2019 & 2026

6.2.    Passenger

6.2.1.    Global market estimates and forecasts, 2016-2026

6.2.2.    Market estimates and forecast, by region, 2016-2026

6.3.    Commercial

6.3.1.    Global market estimates and forecasts, 2016-2026

6.3.2.    Market estimates and forecast, by region, 2016-2026

Chapter 7. Automotive Airbags Market, By Distribution Channel

7.1.    Global market share by distribution channel, 2019 & 2026

7.2.    OEM

7.2.1.    Global market estimates and forecasts, 2016-2026

7.2.2.    Market estimates and forecast, by region, 2016-2026

7.3.    Aftermarket

7.3.1.    Global market estimates and forecasts, 2016-2026

7.3.2.    Automotive airbags market estimates and forecast, by region, 2016-2026

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