Automotive Airbags Market Share, Scope, Industry Analysis, Key Business Strategies by Key Players, Forecast and Research by Accuracy Consultancy

Automotive Airbag Market Expected to Reach USD 22 Billion by 2028

Luton, Bedfordshire, UK, Oct. 27, 2022 (GLOBE NEWSWIRE) — Accuracy Consultancy, the market research and consultancy wing of Improve Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Automotive Airbags Market

“Automotive Airbag Market size was valued at USD 9.67 Billion in 2019 and is projected to reach USD 22 Billion by 2028, growing at a CAGR of 9.58% from 2020 to 2028.”

Automotive airbags are the most commonly used protective devices in automobiles. Airbags are usually there to absorb the impact of a car crash and minimize damage, but some models can also inflate in the event of a fire or other dangerous situation. Automotive airbags have been an integral part of vehicles for decades, but as we continue to drive them more and more often, the need for more airbags is critical. It is essential to understand the application of airbags, their effect on our business and how they can be tested for reliability. Automotive airbags are designed to protect the occupant of an automobile in the event of a collision. The main difference between the two types of airbags is the deployment mechanism. Both types are installed in cars and trucks, but how they deploy depends on whether they are seat- or lap-mounted.

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Some Major Players of the Global Automotive Airbags Market Include: Aptiv Inc., Autoliv Inc., Calsonic Kansei Corporation (Mareli), Continental AG, Delphi Automotive, Denso Corporation, Hella GmbH & Co. KGaA, Hyundai Mobis Co. Ltd, INVISTA, Joyson Safety Systems, Magna International, Nihon Plastic Company Co .Ltd, Robert Bosch GmbH, Takata Corporation, Toyota Gosei, Valeo SA, ZF Friedrichshafen.

Market Script:

Key elements that are expected to propel the global automotive airbag market over the forecast period include increasing consumer preference for personal vehicles, stricter safety regulations for vehicles, government funding to improve vehicle safety vehicles, increased public awareness of vehicle safety features, increased demand for automotive airbags, including custom curtain airbags, and increased production of passenger vehicles. Additionally, government support for air pollution reduction and strict emission standards are likely to promote the use of e-vehicles. In the near future, this should provide industry players with exciting opportunities.

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Regional outlook:

Europe has been a lucrative region in the automotive airbag market. The region is expected to hold a large share over the forecast period. The revenue potential was enriched by the production of cars with advanced occupant safety features, especially for cars made in Germany.

In terms of revenue, the automotive airbag market was dominated by Asia-Pacific in 2021. The revenue outlook was bolstered by the well-established automotive manufacturing sector in China and improvements in vehicle safety devices sold in India and Japan.

Within the scope of Automotive Airbag market segmentation, our study presents market analysis based on type, market application and historical data:

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Key developments

January 2022 A definitive agreement to buy Wind River from TPG Capital, the private equity arm of multinational alternative asset management firm TPG, for $4.3 billion in cash was announced today by Aptiv PLC, a global technology company specializing in safer, greener and more connected mobility.

November 2021 One of the leading motorcycle and scooter producers, Piaggio Group, and Autoliv Inc. have established a strategic alliance. Collaboration focuses on creating motorized airbags for two-wheelers for added safety.

Important insights in the Automotive Airbags market research report:

– Underlying Macro and Microeconomic Factors Impacting Automotive Airbag Sales

– Basic overview of Automotive Airbags including market definition, classification and applications.

– Review of each market player based on mergers & acquisitions, R&D projects and product launches.

– Analysis of adoption trends and supply of automotive airbags in various industries.

– Significant regions and countries providing lucrative opportunities for market players.

Frequently asked questions about this report:

• Who are the major market players active in the Automotive Airbags Market?

• What is expected from the growth rate of the Automotive Airbags market?

• What are the driving characteristics, restraints and opportunities of the market?

• What are the latest trends in the Automotive Airbags market?

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