Asia-Pacific is the leader in the global airbag market and is expected to grow at a CAGR of more than 7% during the forecasted period. The major factors for the growth of the market include significant vehicle sales in the region during the forecast period, and high vehicle exports by the countries including China, Japan, South Korea, and India. Moreover, cohesive government regulation, adoption of the New Car Assessment Program, increasing consumer awareness are among the major factor for the growth of the market. China is the leading contributor in terms of vehicles produced globally. As per the International Organization of Motor Vehicle Manufacturers, China has produced around 23.5 million passenger vehicles in 2018, followed by Japan and India. The top automotive brand of China includes FAW Group, BYD Company, Chery, Zhejiang Geely Holding Group Co., Great Wall Motors and so further. Foreign companies such as Takata Corporation, Delphi Automotive, Key Safety System Inc., Hyundai Mobis and so on also have a significant business in the region.

The market is segmented on the basis of type and vehicle type. By type, the market is further segmented into front airbag, side airbag, curtain airbag, and knee airbag. The front airbag is expected to have a significant growth rate during the forecast period, owing to strict government regulations and rising consumer awareness. By vehicle type, the market is segmented into passenger cars and commercial vehicles. Passenger vehicles will have most of the market share owing to the very low usage of airbags in commercial vehicles. The passenger car segment is further divided into Hatchback, Sedan, and SUV. The hatchback is expected to have a major market share during the forecast period. 

The companies which are contributing significantly in the market include Autoliv Inc., Daicel Corp., DENSO Corp., Global Safety Textiles, LLC, Key Safety Systems, Inc., TRW Automotive Holdings Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for automotive companies, auto-ancillary companies, vendors, government organizations, venture capitalists for the comprehensive market analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Asia Pacific Airbag Market Research and Analysis by Type
2. Asia Pacific Airbag Market Research and Analysis by Vehicle Type

The Report Covers

• Comprehensive research methodology of the Asia Pacific Airbag market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia Pacific Airbag market.
• Insights about market determinants which are stimulating the Asia Pacific Airbag market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.