North America is expected to be a major contributor to the airbag market and is expected to grow at a CAGR of nearly 4.5% during the forecasted period. in the US, around 11.3 million vehicles are manufactured in 2018 out of which around 8.5 million were the commercial vehicle and 2.8 million vehicles were passenger cars. Cohesive government regulation, the high average cost of the vehicle and the high production volume of the vehicles in the region are the major factor for the growth of the market. Key Safety Systems, Inc., is one of the major airbag companies having headquarter in the US. It acquired a major airbag company named Takata corporation in 2017 to increase its market share all across the globe. Apart from Key Safety System, most of the other major market players have their manufacturing unit in North America, especially in the US. The US is the largest contributor to the airbag industry in North America. The downfall in the overall vehicle sales in the region is one of the major restraining factors of the market.  

The market is segmented by type and vehicle segments. By vehicle segment, the market is divided into a passenger vehicle and commercial vehicle. The passenger vehicle segment is further segmented into Hatchback, Sedan, and SUV. By type, the market is segmented into the front airbag, side airbag, curtain airbag, and knee airbag. The front airbag segment is estimated to be the largest market in the region. Knee airbag is improving continuously as it is deployed to save knee at the time of the collision and is expected to have a significant growth rate in the region. 

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. North American Airbag Market Research and Analysis by Type
2. North American Airbag Market Research and Analysis by Vehicle Type

The Report Covers

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