Automotive Airbag Market Overview
The Global Demand for the Automotive Airbag Market is expected to hit USD 30.2 billion in 2023 and USD 43.4 billion by 2030, increasing at a CAGR of 8.8 percent over the forecast period. The demand will expand as more people use airbags and as new versions of airbag design and technologies are developed. The need for vehicle airbags and seatbelts is being driven by various developments in vehicle passive safety technologies and increased demand for a cleaner, more reliable, and more comfortable driving experience.
Most of the vehicle safety equipment is the airbag. The lightweight plastic envelope or cushion of an automotive airbag is intended to inflate in the event of an automobile crash while driving. The primary function of an automobile airbag is to cushion the driver and protect the body when the body collides with internal vehicle surfaces such as the steering wheel, wheel, or glass. Modern vehicles are equipped with multiple airbags that are positioned on the driver's side and in the front of the car. Airbags in automobiles are equipped with sensors that trigger the airbags based on the form and nature of the collision. The airbag control unit in a modern vehicle controls various aspects of the vehicle, such as wheel angle, side door, and brake strength.
Automotive Airbag Market Segmentation
Airbags Type
• Frontal Airbags
• Knee Airbags
• Side & Curtain Airbags
Based on Airbag Type, the side & curtain airbags are projected to be the fastest-growing segment of the automotive airbags & seatbelts market. Inside a collision, the curtain airbags shield passengers' heads and necks. These airbags are important in protecting passengers in the event of a rollover collision. The demand for side and curtain airbags is expected to rise as a result of these factors.
Application Type
• Knee
• Side
• Front
• Curtain
On the basis of application type, the Front Airbag segment holds the largest market share during the forecast period. Frontal Airbags reduce the chances of a large number of fatalities as the majority of accidents tend to be head-on collisions. The curtain-type segment is also expected to grow in the market for the forecast period. These airbags reduce the risk of severe injuries to the head for the passenger sitting on the side by half. Increasing the installation of curtain-type airbags in commercial vehicles is likely to surge demand.
By Vehicle
• Passenger Cars (PC)
• Light Commercial Vehicle (LCV)
• Buses
• Trucks
Based on Vehicle type, Passenger cars emerge as the fastest-growing segment of the market. Passenger cars, small commercial vehicles, taxis, and trucks make up the automotive airbags and seatbelts market. By automobile, passenger cars are expected to be the fastest-growing segment of the automotive airbags and seatbelts market. In Asia Pacific's developing economies, the number of passenger cars is rapidly increasing. This can be due to healthier lifestyles, expanded customer buying power, and infrastructure growth. In most countries, airbags and seatbelts are used as mandatory equipment in passenger vehicles to reduce the number of deaths caused by collisions.
By Component
• Airbag Inflator
• Airbag Control Unit
• Airbag
Based on Components, airbags acquire the largest market share in the automotive airbags & seatbelts market.
The airbag cushion's primary purpose is to withstand damage. In terms of energy absorption, nylon outperforms all other materials. Airbag cushion fabrics with a good combination of strength and elongation have favorable properties. Nylon (polyamide) 6.6 is one of the most widely used materials for airbag cushions. Soon, the demand for airbag cushions is expected to be driven by rising safety requirements on passive safety systems and advances in airbag materials.
By Region
• North America
• Europe
• Asia Pacific
• Rest of the World
Based on Region, Asia Pacific is expected to account for the largest market size during the forecast period. In terms of volume, the Asia Pacific region is expected to lead the global automotive airbags and seatbelts market in 2020. As a huge potential market for vehicle manufacturing, Asia Pacific is expected to see rapid growth shortly. Safety concerns are growing, and the compact car segment is seeing an increase in the use of safety systems, especially airbags.
Historical Period
2020 - 2024
Base Year Considered
2025
Forecast Period
2026 - 2035
Market Size in 2025
U.S.D. 30.2 Billion
Revenue Forecast in 2035
U.S.D. 43.4 Billion
Growth Rate
8.8%
Segments Covered
By Airbags Type,By Application Type,By Vehicle,By Component
Report Scope
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered
North America,Europe,Asia Pacific,Rest of the World
Automotive Airbag Market Trends
Pedestrian airbags, exterior airbags, rear-seat airbags, and roof airbags, as well as the technical advances in vehicle airbags, are expected to fuel the market growth during the projected timeframe. Airbags with a mix of seatbelts are expected to reduce the risk of serious head injury by around 80%, compared to a 60% decrease in seatbelts, according to the National Highway Traffic Safety Administration. However, certain countries do not require the installation of airbags in cars, which may impact demand for airbags in those areas.
Joyson Safety Systems (“JSS”) has announced the establishment of a Tri-Party Joint Venture in India to combine its two joint ventures. KSS Abhishek Safety Systems Private Limited (“KSSA”), a JSS-Abhishek Industries joint venture, is merging with Takata India Pvt. Ltd (“TIPL”). ANAND Group and JSS have partnered to form TIPL. Joyson ANAND Abhishek Safety Systems Private Limited will be the name of the proposed tri-party joint venture.
Automotive Airbag Market 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
• Government regulations about vehicle safety
• Growing demand for safer and more efficient driving experience
• Increasing consumer awareness regarding safety to drive market
Rising investments in R&D, expansion of manufacturing capabilities, and rising findings in development projects are some of the key strategies adopted by airbag 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.
Automotive Airbag Market Opportunities
Hyundai Mobis developed the world’s first panoramic roof airbag. The safety device is designed to prevent occupants from being ejected from the vehicle through the glass roof at the time of a rollover.
Continental added a new assembly line to manufacture airbag control units (ACUs) at its Central Electronics Plant in Bangalore, India.
Autoliv developed a new front-center airbag that will protect the front seat passengers in side-impact crash situations and also from sustaining injuries to the head and chest. These automotive airbags will also help to avoid driver-to-passenger and driver-to-interior impacts.
The global airbag industry is being driven by government-implemented safety legislation as well as an increase in life expectancy. Individuals' increasing disposable income levels have influenced them to spend more on car safety features, which has increased demand for automobile airbags to a certain degree. Additionally, a growing consumer understanding of technological improvements related to automotive safety equipment could serve as a demand driver in the future. For the market leaders, airbag technology on two-wheelers can provide a growth opportunity.
Automotive Airbag Market Challenges
Increasing development of active safety systems. Maintaining the balance between cost and quality. Risk of injury and product reliability issues. High maintenance costs and operating costs hinder market growth. The cost of technologically integrated airbags is the major constraint impacting the global industry. Furthermore, the high maintenance costs of technologically sophisticated airbags are impeding demand development.
Automotive Airbag Market Competitive Insights
Autoliv, Inc. is the worldwide leader in automotive safety systems. The company develops, manufactures and market protective systems like airbags, steering wheels, seatbelts and pedestrian protection systems for all major automotive manufacturers in the world.
DENSO is the automotive supplier of components and technology that is found in almost all vehicles accross the globe. Company innovates and advance the future of connected cars, shared Mobility, automated drive and electrification.
The key market players in this industry include :
• Autoliv (Sweden)
• Joyson Safety Systems (US)
• Robert Bosch (Germany)
• Aptiv (Ireland)
• Denso (Japan)
• Toshiba Device Corporation (Japan)
• Toyoda Gosei (Japan)
• Hyundai Mobis (South Korea)
• ZF Friedrichshafen (Germany)
• Continental (Germany)
• GWR Safety Systems (US)
• Tokai Rika (Japan)
• Ashimori Industry (Japan)
• Infineon Technologies (Germany)
Recent Developments by Key Players
Autoliv in collaboration with key supply chain partners has introduced airbag cushions which reduce the greenhouse gas (GHG) footprint of airbags. The company has developed fabrics, yarns and cushions made from 100% recycled polyester for use in airbag production.
ZF LIFETEC has rearranged driver airbag on the steering wheel and creates design freedom as the steering wheel is a core element of digital interior concepts. This positioning of the driver airbag enables forward-looking design options for the steering wheel and its controls.
The Automotive Airbag Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Airbags type
- Frontal Airbags
- Knee Airbags
- Side & Curtain Airbags
- Application
- Vehicle
- Passenger Cars (PC)
- Light Commercial Vehicle (LCV)
- Buses
- Trucks
- Component
- Airbag Inflator
- Airbag Control Unit
- Airbag
Geographical Segmentation
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
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Source: VynZ Research
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Source: VynZ Research
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