Automotive Airbags Market Size By Position (Frontal, Side, Side Curtain, Knee), By Fabric (Coated, Non-coated), By Vehicle (Passenger Vehicles, Commercial Vehicles), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jul 2020  |  Report ID: GMI3283  |  Authors: Kiran Pulidindi, Akshay Prakash

Report Format: PDF   |   Pages: 250   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Automotive Airbags Market size surpassed USD 59.5 billion in 2019 and is poised to grow at over 5.1% CAGR between 2020 and 2026. Rising airbags adoption coupled with development of new iterations of airbags design and technology will drive the market growth.
 

Growing consumer awareness to adopt vehicle safety features, providing occupant protections against vehicle crashes will boost the market demand. The industry participants are developing innovative airbag concepts that significantly reduces occupant injury probabilities in several crash scenario. The new vehicles are incorporated with advanced interior solutions such as electronically movable seats and required advanced safety features that reduces lateral head movements.
 

Automotive Airbags Market
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Government initiatives such as funding in several projects to enhance the passenger safety will further fuel the market growth. For instance, in 2017, the European Commission funded airbag valve technology including personalized safety airbags (I-Valve) project with an aim of developing superior safety technologies for automobiles. The valve modifies airbag deployment intensity as per vehicle speed, passenger height and position, and point of collision.
 

Automotive Airbags Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 59,529.6 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.1% 2026 Value Projection: 65,949.7 Million (USD)
Pages: 250 Tables, Charts & Figures: 531
Geographies covered (24): U.S., Canada, Germany, UK, France, Russia, Italy, Poland, Netherlands, China, Japan, India, , Australia, Thailand, South Korea, Indonesia, Brazil, Mexico, Argentina, Chile, UAE, Saudi Arabia, South Africa, Iran
Segments covered: Position, Fabric, Vehicle, Distribution Channel, Region
Companies covered (11): Continental AG, Hyundai Mobis, Autoliv Inc., Robert Bosch GmbH, Denso Corporation, Toyoda Gosei Co., Ltd., Delphi, Key Safety System, Joyson, Mitsubishi Electric Corporation, ZF Friedrichshafen AG.
Growth Drivers:
  • Updates in stringent vehicle safety norms and test
  • Developments of advanced airbag systems
  • Increasing passenger vehicle sales and production
  • Growing commercial vehicle sales
  • Presence of trade markets and automotive distributors
Pitfalls & Challenges:
  • Risk of injury and product reliability issues

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Rising safety concerns will propel the frontal airbag demand

Frontal automotive airbags market is estimated to witness around 5.5% growth through 2026 led by mandated adoption of frontal airbag systems for driver safety by regulatory authorities globally. Additionally, the automotive manufactures are launching vehicle models with dual front airbags that provide safety to both driver and front seat passenger.
 

Superior thermal properties will support the coated airbag demand

Coated fabric airbag segment dominates the market share owing to improving thermal properties of airbags system. The airbags inflate with significantly higher volume of air for offering superior protection during the event of a crash. This situation may increase the risk of passengers getting burnt. Moreover, the airbag fabric requires to withstand this heat without tearing. The thin layer of coating material such as silicone and neoprene will protect fabric from heat on account of excellent thermal resistance properties.
 

Passenger vehicles to remain dominant segment in the automotive airbags market

Automotive Airbags Market

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In 2019, passenger vehicle segment generated around USD 49 million revenue due to incorporation of airbags in majority passenger vehicles as a standard fitment. The growing disposable income and availability of easier financing alternatives are supporting the passenger vehicle adoption. The vehicle manufacturers are taking multiple initiatives to enhance vehicle safety performance. The manufacturers are offering dual airbags as standard feature in their new vehicle models.
 

OEM to remain growth propeller for airbag adoption

The OEMs hold dominance in the global market share attributed to growing vehicle production along with rising vehicle safety awareness. The vehicle manufacturers are deploying several airbag systems including frontal, side curtain, and knee airbags to improve the safety ratings of new vehicle models. Additionally, the industry players are developing airbag systems that deploys faster in high speed accidents. The R&D investment to develop new airbags technology such as external airbags will further provide opportunities to improve safety performance and thereby enhancing their revenue share.
 

North America to drive automotive airbags revenue generation followed by Europe

Automotive Airbags Market

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North America automotive airbags market accounted for over 18% revenue share in 2019 owing to stringent vehicle safety norms developed by transportation authorities across the region. The incorporation of airbags in passenger cars and light commercial vehicles are compulsory in the U.S. since September 1998. Additionally, the NHTSA has developed the strict crash test including Oblique Moving Deformable Barrier (OMDB) that required to perform by vehicle manufacturers to receive the 5-star safety ratings.
 

The Europe market is anticipated to showcase substantial growth during the forecast period impelled by development of new airbag module in region along with government funded safety projects. In addition, the airbag raw material manufacturers are investing in the region to establish manufacturing plants owing to growing airbags demand and rising vehicle sales.
 

Technological edge presents major role in the market share acquisition

Rising investments in R&D, expansion manufacturing capabilities, and rising findings in development projects are one of the key strategies adopted by the airbags manufacturing companies. The automotive airbags industry is moderately consolidated with top manufacturers comprising, Continental AG, Delphi Automotive PLC, Hyundai Mobis, Autoliv Toyoda Gosei, Denso Corporation and Robert Bosch GmbH.
 

The market research report on automotive airbag includes in-depth coverage of the industry with estimates & forecast in terms of volume in units & revenue in USD million from 2016 to 2026, for the following segments:

Market by Position

  • Frontal
  • Side
  • Side curtain
  • Knee

Market by Fabric

  • Coated
  • Non-Coated

Market by Vehicle

  • Passenger vehicles
  • Commercial vehicles

Market by Distribution Channel

  • OEM
  • Aftermarket

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Russia
    • Poland
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Thailand
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Chile
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Iran

 

Frequently Asked Questions (FAQ) :

The market size of automotive airbags valued at over USD 59.9 Billion in 2019.
The industry share of automotive airbags will witness around 5.1% CAGR from 2020 to 2026.
North America market accounted for over 18% revenue share in 2019 owing to stringent vehicle safety norms developed by transportation authorities across the region.
Frontal airbag segment is estimated to witness around 5.5% growth through 2026 led by mandated adoption of frontal airbag systems for driver safety by regulatory authorities globally.
The key industry players include Continental AG, Delphi Automotive PLC, Hyundai Mobis, Autoliv Toyoda Gosei, Denso Corporation and Robert Bosch GmbH.
The Europe market demand is attributed to the development of new airbag module in region along with government funded safety projects.

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Premium Report Details

  • Published Date: Jul 2020
  • Pages: 250
  • Tables: 521
  • Charts / Figures: 10
  • Companies covered: 11
  • Countries covered: 24

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