Asia-Pacific will be the leader in the global passenger car airbag market and is expected to grow at a CAGR of 7.3% during the forecasted period. Some of the key 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. In addition, cohesive government regulation, adoption of the New Car Assessment Program, rising awareness of customers are among the major factor for the growth of the market. 

The market is divided based on 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 market share during the forecast period, owing to strict government regulations and rising consumer awareness. Knee airbag and curtain airbag will have a significant market growth with a small market share during the forecast period. By vehicle type, the market is segmented into Hatchback, Sedan, and SUV. The hatchback segment is expected to have a major market share during the forecast period. 

Geographically, the market is segmented into China, Japan, India, and Rest of Asia-Pacific. China is expected to have a major market share, as the country is the largest manufacturer of vehicles globally. As per the International Organization of Motor Vehicle Manufacturers, the country has produced around 23.5 million passenger cars in 2018. It is followed by Japan with 8.36 million and India with 4 million passenger cars respectively in 2018. Another major passenger car manufacturer includes South Korea with the production of around 3.6 million passenger cars in 2018. 

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

The Report Covers

• Comprehensive research methodology of the Asia Pacific Passenger Car 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 Passenger Car Airbag Market.
• Insights about market determinants which are stimulating the Asia Pacific Passenger Car Airbag Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.