Market Insights:
Airbag Market size was valued at USD 37.2 Billion in 2021, registering a CAGR of 7.5% during the forecast period (2022-2030), and the market is projected to be worth USD 71.3 Billion by 2030.
Airbags are designed to inflate and deflate quickly in order to protect occupants in the event of a collision. They receive signals from sensors when the vehicle abruptly decelerates to slow the forward motion of the passenger. They help to reduce driver fatalities and serious head injuries in frontal collisions by reducing the impact of the collision.
Airbag Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Frontal Airbag, Knee Airbag, Side Airbag, Curtain Airbag, Others), By Module (Inflator or Gas Generator, Air Bag, Crash Sensors), By Vehicle Type(Passenger Vehicle, Commercial Vehicle), By Material (Polyester Fiber, Nylon, Others), By Sales Channel (OEM, Aftermarket) and Companies (ZF Friedrichshafen AG, Autoliv Inc., and Toray Industries Inc, Wacker Chemie AG, Mitsubishi Electric Corporation, Shin-Etsu Chemical Co. Ltd., Visteon Corporation, Denso Corporation, Toyobo Co. Ltd., Continental AG, Nihon Plast Co. Ltd., Toyoda Gosei Co. Ltd), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 7.5%, over the forecast period of 2022–2030.
Driver:
The increased adoption of Airbag in the Smart Textiles industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Airbag also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Airbag in many sectors also boosts the market growth during the forecast period.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2018-2030 |
| Market Size in 2030 (USD Billion) | 71.3 Billion |
| CAGR (2022-2030) | 7.5% |
| By Type | Frontal Airbag, Knee Airbag, Side Airbag, Curtain Airbag, Others. |
| By Module | Inflator or Gas Generator, Air Bag, Crash Sensors. |
| By Vehicle Type | Passenger Vehicle, Commercial Vehicle. |
| By Material | Polyester Fiber, Nylon, Others |
| By Sales Channel | OEM, Aftermarket |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | ZF Friedrichshafen AG, Autoliv Inc., and Toray Industries Inc, Wacker Chemie AG, Mitsubishi Electric Corporation, Shin-Etsu Chemical Co. Ltd., Visteon Corporation, Denso Corporation, Toyobo Co. Ltd., Continental AG, Nihon Plast Co. Ltd., Toyoda Gosei Co. Ltd. |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Airbag market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
ZF Friedrichshafen AG, Autoliv Inc., and Toray Industries Inc, Wacker Chemie AG, Mitsubishi Electric Corporation, Shin-Etsu Chemical Co. Ltd., Visteon Corporation, Denso Corporation, Toyobo Co. Ltd., Continental AG, Nihon Plast Co. Ltd., Toyoda Gosei Co. Ltd.
Market Segment Analysis:
By Type
- Frontal Airbag
- Knee Airbag
- Side Airbag
- Curtain Airbag
- Others
By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
By Module
- Inflator or Gas Generator
- Air Bag
- Crash Sensors
By Material
- Polyester Fiber
- Nylon
- Others
By Sales Channel
- OEM
- Aftermarket
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Airbag industries in the region.
Key Airbag Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Airbag Market segments.
– Largest Market Share Held by Industry to Industry for Airbag
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Airbag Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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