DUBLIN--(BUSINESS WIRE)--The "Automotive Airbag - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Automotive Airbag market accounted for $60.63 billion in 2019 and is expected to reach $104.96 billion by 2027 growing at a CAGR of 7.1% during the forecast period.

Some of the factors such as increasing commercial vehicle sales and growing passenger vehicle sales are propelling market growth. However, the rise in the cost of the vehicles due to the high installation cost of the airbag and its replacement cost and high barriers to exit are hampering the market growth.

The airbag is one of the automotive safety devices. The automotive airbag consists of flexible fabric wrapping or cushion that is designed to inflate at the time of vehicle collision while driving. The main reason for the automotive airbag is to cushion the driver during vehicle crash and protect the body when the body strike the interior objects of the vehicle such as the steering, wheel, or window.

Based on the vehicle, the passenger vehicles segment is likely to have a huge demand due to the incorporation of airbags in common passenger vehicles as a standard fitment. The increasing disposable income and availability of easier financing alternatives are supporting the passenger vehicle adoption. The vehicle manufacturers are taking multiple initiatives to enhance vehicle safety performance. The manufacturers are offering dual airbags as a standard feature in their new vehicle models.

By geography, Europe is going to have a lucrative growth during the forecast period due to it is encouraged by the development of a new airbag module in the region along with government-funded safety projects. Besides, the airbag raw material manufacturers are investing in the region to establish manufacturing plants owing to growing airbags demand and rising vehicle sales.

Companies Mentioned

  • Autoliv
  • Continental
  • Denso Corporation
  • Hyundai Mobis
  • Joyson Electronic
  • Robert Bosch GmbH
  • Takata
  • ZF Friedrichshafen AG
  • Mitsubishi Electric
  • Delphi Automotive
  • Key Safety System
  • Toyota Gosea
  • Daicel Corporation
  • TRW Automotive Holdings Corporation
  • Porcher Industries SA

What the report offers:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2018, 2019 2020, 2024, and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 Product Analysis

3.7 Emerging Markets

3.8 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Automotive Airbag Market, By Product Type

5.1 Introduction

5.2 Driver Front Airbag

5.3 Passenger Front Airbag

5.4 Knee Airbag

5.5 Side Airbag

5.6 Side Curtain Airbags

5.7 Rear Curtain Airbag

5.8 Seat Cushion

5.9 Centre Airbag

5.10 Pedestrian Airbag

6 Global Automotive Airbag Market, By Component

6.1 Introduction

6.2 Crash Sensors

6.3 Electromechanical Sensors

6.4 Electronic Sensors

6.5 Bag Pack

6.6 Initiator

6.7 Filters

6.8 Airbag Module

6.8.1 Inflator or Gas Generator

7 Global Automotive Airbag Market, By Distribution Channel

7.1 Introduction

7.2 Aftermarket

7.3 Original Equipment Manufacturer (OEM)

8 Global Automotive Airbag Market, By Vehicle

8.1 Introduction

8.2 Passenger Cars

8.3 Light Commercial Vehicle

8.4 Heavy Commercial Vehicles

8.4.1 Buses

8.4.2 Trucks

9 Global Automotive Airbag Market, By Fabric

9.1 Introduction

9.2 Non-Coated

9.3 Neoprene Coated

9.4 Silicone Coating

10 Global Automotive Airbag Market, By Yarn Type

10.1 Introduction

10.2 Nylon Type

10.3 Polyester Type

11 Global Automotive Airbag Market, By Geography

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific

11.5 South America

11.6 Middle East & Africa

12 Key Developments

12.1 Agreements, Partnerships, Collaborations and Joint Ventures

12.2 Acquisitions & Mergers

12.3 New Product Launch

12.4 Expansions

12.5 Other Key Strategies

13 Company Profiling

For more information about this report visit https://www.researchandmarkets.com/r/4bome4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900