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Automotive Airbags Market Size
- Report ID: GMI3283
- Published Date: Jul 2020
- Report Format: PDF
Automotive Airbags Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| Automotive Airbags Market Size in 2019: | 59,529.6 Million (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 5.1% |
| 2026 Value Projection: | 65,949.7 Million (USD) |
| Historical Data for: | 2016 to 2019 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 531 |
| Segments covered: | Position, Fabric, Vehicle, Distribution Channel, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Airbags Market Scope
