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

GlobeNewsWire
Thursday, October 27, 2022 at 8:45pm UTC

Luton, Bedfordshire, United Kingdom, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy Private Limited has completed and published the final copy of the detailed research report on the Automotive Airbags market

"Automotive Airbags 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 typically there to absorb an impact from a car accident and minimize damage, but some models can also inflate in the event of a fire or other hazardous situation. Automotive airbags have been a fixture in vehicles for decades, but as we continue to drive them more, and more often, the need for more airbags is critical. Understanding the application of airbags is paramount, their effect on our businesses, 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 the way they deploy depends on whether they are seat-mounted or knee-mounted.

Get Sample PDF Brochure:

https://exactitudeconsultancy.com/reports/1736/automotive-airbags-market/#request-a-sample            

Some major players in 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 Scenario:

Key elements that are anticipated to propel the global automotive airbag market during the forecast period include a rise in consumer preference for personal vehicles, stricter safety regulations for vehicles, government funding to improve vehicle safety, a rise in public awareness of vehicle safety features, a rise in demand for automotive airbags, including customised curtain airbags, and a rise in passenger vehicle production. In addition, the government's support for reducing air pollution and strict emission standards are likely to promote the use of electronic vehicles. In the near future, this is anticipated to present industry players with attractive chances.

Regional Insights:

Europe has been a lucrative region in the automotive airbag market. The region is anticipated to hold a prominent share during the forecast period. The revenue potential has been enriched by the production of cars with cutting-edge occupant safety features, particularly for cars made in Germany.

In terms of revenue, the automotive airbag market was dominated by Asia Pacific in 2021. The income prospects have been solidified by China's well-established automobile manufacturing sector and improvements made to vehicle safety features for vehicles sold in India and Japan.

As a part of Automotive Airbags market segmentation, our study exhibits a market analysis based on type, Market application and Historic Data:

Attributes   Details (Current Scenario)
Base-Year   2020-2021
Historic Data   2019-2020
Forecast Period   2022-2028
Regions Covered

 
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa
By Type

 
  • Passenger Vehicles
  • Commercial Vehicles
By Application
  • Knee
  • Side
  • Front
  • Curtain
CAGR (XX%)   9.58% (Current Market Analysis)
Customization Available   Yes, the report can be customized as per your need. (Free 15% Customization)
Delivery Format   PDF, and Excel through Email

Browse Detailed Research Insights with TOC:

 https://exactitudeconsultancy.com/reports/1736/automotive-airbags-market/   

Key Developments

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

November 2021 One of the top producers of motorcycles and scooters, Piaggio Group, and Autoliv Inc. established a strategic alliance. The collaboration is concentrated on the creation of powered two-wheeler airbags for increased safety.

Important insights in Automotive Airbags market research report:

- Underlying macro- and microeconomic factors impacting the Sales of Automotive Airbags

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

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

- Adoption trend and supply side analysis of Automotive Airbags across various industries.

- Important regions and countries offering lucrative opportunities to market stakeholders.

Frequently Asked Questions about This Report:

  • Who are the leading market players active in the Automotive Airbags market?
  • What is expected to the growth rate of Automotive Airbags market?
  • What are the driving features, restraints, and opportunities in the market?
  • What are the latest trends in Automotive Airbags market?

Checkout Our Related Research Key Updates:

Tractor Engines Market

Tractor Engines provide a range of products, including diesel engines and gasoline engines, that are used in commercial vehicles such as construction and agricultural equipment. Like other heavy-duty trucks, tractor engines are used to develop the power required to run the vehicle. Tractor engines are used for the power sources of tractors. The engine is the first step in creating a modern tractor, and can be used to make smaller-sized hybrid tractors.

https://exactitudeconsultancy.com/reports/4508/tractor-engines-market

Highway Drive-Assist Market

Highway Drive-Assist takes driving to a new level of luxury. With it, you get sophisticated features that keep you safe, secure and entertained throughout your entire commute. And for those extra-long trips (so many miles away from home), Heart Rate Straps measure your pulse and monitor blood oxygen levels, so you can rest assured knowing all is well with your vehicle.

https://exactitudeconsultancy.com/reports/3227/highway-drive-assist-market

Electric Scooters Market

Electric scooters and mopeds are the most popular form of alternative transportation. Many people use electric scooters as a way to commute to work, recreational rides, or as a training aid when learning how to ride a bicycle. Electric scooters can be used by kids and adults alike, making them great options for active families. Electric scooter companies such as Razor create high-quality products that are backed by innovative technology to deliver top-notch performance for an affordable price.

https://exactitudeconsultancy.com/reports/1852/electric-scooters-market/

Luxury Cars Market

Luxury Cars is an image-driven web platform that brings together the brightest nameplates from across the automotive industry. An unrivaled collection of fresh high-quality images and authentic content, giving you a virtual driving tour of some of the most expensive, exclusive and luxurious models on sale today.

https://exactitudeconsultancy.com/reports/2998/luxury-cars-market


Irfan Tamboli (Head of Sales) - Exactitudeconsultancy
Phone: + 1704 266 3234 
sales@exactitudeconsultancy.com 
LinkedIn: https://www.linkedin.com/company/exactitudeconsultancy/