Airbag Market Size, Share & Trends Analysis, by Module (Inflator, Air bag), by Type (Front Airbag, Knee Airbag, Curtain Airbag), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), Region and Forecast Period 2022 – 2030 (Updated Version Available)

Report ID - MRC_1154 | Pages - 249 | Category - Smart Textile

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.

How much is the Airbag Market worth ?

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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

To check our Table of Contents, please mail us at: [email protected]

Research Methodology

The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.

Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.

Airbag Market Size, Share & Trends Analysis, by Module (Inflator, Air bag), by Type (Front Airbag, Knee Airbag, Curtain Airbag), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), Region and Forecast Period 2022 – 2030 (Updated Version Available)
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