Automotive Airbag Market (By Vehicle Type: Passenger Vehicle, Commercial Vehicle, and Electric Vehicle; By Airbag Type: Front Airbag, Knee Airbag, Side Airbag, and Curtain Airbag); andBy Component: Air Inflator and Airbag Control Unit) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global automotive airbag market size was valued at USD 50.12 billion in 2022 and is projected to hit around USD 107.70 billion by 2032, growing at a CAGR of 8% from 2023 to 2032.
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The market for automotive airbags is driven by various developments in vehicle passive safety systems and a rising desire for a safer, more efficient, and more convenient driving experience. The automotive airbag market is also driven by increasing production of passenger vehicles and increasing consumer awareness about vehicle safety
The growing need for customized curtain airbags and the increased use of airbag safety systems in all types of vehicles are all driving the demand for automotive airbags among end-users. The government of different countries has understood the importance of safety of citizens. Therefore, the government have enacted and implemented stringent regulations and laws for the safety of passenger and driver of the vehicle.
Furthermore, the increased technological advancements in automotive airbags, such as pedestrian airbags, rear-seat airbags, external airbags, and roof airbags, are likely to fuel the market expansion of automotive airbags over the forecast period.
The key market players in the automotive airbag market are continuously carrying out research and development activities to launch new and innovative products in the market. The safety norms implemented by government is also supporting key players to manufacture automotive airbags on the large scale. The government is also providing subsidies and tax rebates to the companies for the launch of products.
| Report Coverage | Details |
| Market Size in 2023 | USD 53.87 Billion |
| Market Size by 2032 | USD 107.70 Billion |
| Growth Rate | CAGR of 8% from 2023 to 2032 |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Vehicle, Airbag, Component, Region |
| Companies Mentioned | 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 |
Based on the airbag type, the front airbag segment dominated the global automotive airbag market in 2022, in terms of revenue and is estimated to sustain its dominance during the forecast period. The front type automotive airbag segment is expected to grow at rapid pace due to the majority of incidents such as head-on collisions are increasing. Thus, the front automotive airbags help to lower the number of casualties during such accidents.
On the other hand, the side airbag segment is estimated to be the most opportunistic segment during the forecast period. In side collision crashes, side automotive airbag protects passengers’ necks and heads. These airbags are excellent for protecting passengers in the event of a rollover collision. Thus, the market for side airbags is expected to develop as a result of these factors.
Based on the vehicle type, the passenger vehicle segment accounted for 61% of revenue share in 2022. The automotive airbag market growth is predicted to be fueled by rising passenger vehicle sales and production in developing nations. The government laws governing passenger safety are becoming increasingly stringent, which is anticipated to fuel the market expansion.
On the other hand, the commercial vehicle segment is estimated to be the most opportunistic segment during the forecast period. Vehicle manufacturers have been using vehicle safety technologies to improve passenger safety as the frequency of commercial vehicle crashes has increased. This aspect is projected to fuel the rise of the commercial vehicle category.
Based on the component, the airbag inflator segment dominated the global automotive airbag market in 2022, in terms of revenue and is estimated to sustain its dominance during the forecast period. The automotive airbag inflator segment is being driven by increased regulatory requirements for vehicle safety, consumer awareness of vehicle safety, consumer safety awareness, and intense industrial competition among automobile makers. The increase in the frequency of road accidents and the implementation of severe safety standards in accordance with the government policy might be viewed as a market investment opportunity.
On the other hand, the airbag control unit segment is estimated to be the most opportunistic segment during the forecast period. One of the key factors driving the growth of the automotive airbag control unit is rising automobile production. The frequency of road accidents has risen, as has the number of safety concerns and accident-prevention methods. These casualties increase the demand for safety equipment such as airbags, which propels the growth of automotive airbag control unit segment. Also, airbags with enhanced functionality are projected to hit the market, increasing airbag control unit demand in the automotive airbag market.
Based on the region, the Asia-Pacific segment dominated the global automotive airbag market in 2022, in terms of revenue and is estimated to sustain its dominance during the forecast period. As a huge prospective market for automobile production, Asia-Pacific is projected to see rapid expansion in the near future. The concerns about safety are growing, and the use of compact vehicle category is seeing an increase in the use of safety devices, particularly automotive airbags.
On the other hand, the North America is estimated to be the most opportunistic segment during the forecast period. Due to some laws and policies, it is mandatory to have airbags on commercial vehicles and passenger vehicles in North America region. The developed economy of the U.S. is creating opportunities for the development of automotive airbag market. The technological advancements enable key players in North America to manufacture and launch new products in the market.
Key Companies & Market Share Insights
The market is moderately fragmented with the presence of several local companies. These market players are striving to gain higher market share by adopting different marketing strategies, such as new product launch, investments, partnerships, and mergers & acquisitions. The companies are also spending on the development of improved products. Moreover, they are also focusing on competitive pricing.
In November 2020, the INVISTAexpanded its manufacturing units in China to cater huge demand globally.
The various developmental strategies such as business expansion, investments, new product launches, acquisition, partnerships, joint venture, and mergers fosters market growth and offers lucrative growth opportunities to the market players.
Segments Covered in the Report
By Vehicle Type
By Airbag Type
By Component
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Airbag Market
5.1. COVID-19 Landscape: Automotive Airbag Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Airbag Market, By Vehicle
8.1. Automotive Airbag Market, by Vehicle Type, 2023-2032
8.1.1. Passenger Vehicle
8.1.1.1. Market Revenue and Forecast (2021-2032)
8.1.2. Commercial Vehicle
8.1.2.1. Market Revenue and Forecast (2021-2032)
8.1.3. Electric Vehicle
8.1.3.1. Market Revenue and Forecast (2021-2032)
Chapter 9. Global Automotive Airbag Market, By Airbag
9.1. Automotive Airbag Market, by Airbag, 2023-2032
9.1.1. Front airbag
9.1.1.1. Market Revenue and Forecast (2021-2032)
9.1.2. Knee airbag
9.1.2.1. Market Revenue and Forecast (2021-2032)
9.1.3. Side airbag
9.1.3.1. Market Revenue and Forecast (2021-2032)
9.1.4. Curtain airbag
9.1.4.1. Market Revenue and Forecast (2021-2032)
Chapter 10. Global Automotive Airbag Market, By Component
10.1. Automotive Airbag Market, by Component, 2023-2032
10.1.1. Air inflator
10.1.1.1. Market Revenue and Forecast (2021-2032)
10.1.2. Airbag control unit
10.1.2.1. Market Revenue and Forecast (2021-2032)
Chapter 11. Global Automotive Airbag Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.1.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.1.3. Market Revenue and Forecast, by Component (2021-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.1.4.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.1.4.3. Market Revenue and Forecast, by Component (2021-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.1.5.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.1.5.3. Market Revenue and Forecast, by Component (2021-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.2.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.2.3. Market Revenue and Forecast, by Component (2021-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.2.4.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.2.4.3. Market Revenue and Forecast, by Component (2021-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.2.5.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.2.5.3. Market Revenue and Forecast, by Component (2021-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.2.6.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.2.6.3. Market Revenue and Forecast, by Component (2021-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.2.7.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.2.7.3. Market Revenue and Forecast, by Component (2021-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.3.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.3.3. Market Revenue and Forecast, by Component (2021-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.3.4.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.3.4.3. Market Revenue and Forecast, by Component (2021-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.3.5.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.3.5.3. Market Revenue and Forecast, by Component (2021-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.3.6.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.3.6.3. Market Revenue and Forecast, by Component (2021-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.3.7.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.3.7.3. Market Revenue and Forecast, by Component (2021-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.4.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.4.3. Market Revenue and Forecast, by Component (2021-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.4.4.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.4.4.3. Market Revenue and Forecast, by Component (2021-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.4.5.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.4.5.3. Market Revenue and Forecast, by Component (2021-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.4.6.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.4.6.3. Market Revenue and Forecast, by Component (2021-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.4.7.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.4.7.3. Market Revenue and Forecast, by Component (2021-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.5.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.5.3. Market Revenue and Forecast, by Component (2021-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.5.4.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.5.4.3. Market Revenue and Forecast, by Component (2021-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Vehicle (2021-2032)
11.5.5.2. Market Revenue and Forecast, by Airbag (2021-2032)
11.5.5.3. Market Revenue and Forecast, by Component (2021-2032)
Chapter 12. Company Profiles
12.1. Hyundai Motor Group
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Continental AG
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. ZF Friedrischshafen AG
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Robert Bosch GMBH
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Denso Corporation
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Hella Gmbh& Co. KGaA
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Calsonic Kansei Corporation (Mareli)
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Nihon Plastic Company Co. Ltd
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Delphi Automotive
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Takata Corporation
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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