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The global airbag market size reached US$ 27.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 44.8 Billion by 2027, exhibiting a growth rate (CAGR) of 6.4% during 2022-2027.
Airbags are designed to inflate and deflate promptly and protect occupants during a collision. They receive signals from sensors when the vehicle is suddenly deaccelerated to slow down the passenger’s forward motion. They assist in minimizing the impact of a collision and reduce driver fatalities and serious head injuries in frontal crashes. Nowadays, leading manufacturers are introducing vehicles with side airbags (SABs) to reduce serious chest injuries in side-impact collisions. They are also offering side-curtain and knee airbags to significantly reduce the risk of injuries on the knees, thighs, and hips.
A significant rise in the sales of passenger vehicles around the world on account of inflating income levels and rapid urbanization represents one of the primary factors influencing the demand for airbags. Moreover, according to the World Health Organization, around 1.3 million people die every year due to road traffic injuries. As a result, governing agencies of numerous countries are mandating the installation of airbags in vehicles. Besides this, the increasing awareness among individuals about vehicle safety is also contributing to the market growth. Furthermore, several automotive manufacturers are focusing on installing heavy-duty trucks with airbags to improve the safety of truck drivers. The escalating use of commercial trucks to transport cargo, from food to heavy machinery, is also impelling the growth of the market. Apart from this, the leading market players are developing advanced airbags, such as a front center for far-side impact collisions and using durable and highly engineered textiles to expand their consumer base. They are also introducing inflators that meet stringent government regulations and customer requirements worldwide, which is creating a favorable market outlook.
IMARC Group provides an analysis of the key trends in each sub-segment of the global airbag market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, module, vehicle type and sales channel.
Breakup by Type:
Breakup by Module:
Breakup by Vehicle Type:
Breakup by Sales Channel:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Autoliv Inc., Continental AG, Daicel Corporation, DENSO Corporation, Hyundai Motor Group, Joyson Safety Systems (Ningbo Joyson Electronic Corp.), Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.), Robert Bosch GmbH, TOYODA GOSEI Co. Ltd. and ZF Friedrichshafen AG.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Module, Vehicle Type, Sales Channel, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Autoliv Inc., Continental AG, Daicel Corporation, DENSO Corporation, Hyundai Motor Group, Joyson Safety Systems (Ningbo Joyson Electronic Corp.), Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.), Robert Bosch GmbH, TOYODA GOSEI Co. Ltd. and ZF Friedrichshafen AG|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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