The global airbag market is anticipated to grow at a considerable CAGR of 7.3% during the forecast period. The introduction of new technology to cater to the increasing demand for more innovative and safer airbags is a major factor boosting the growth of the market. Due to increasing R&D efforts and technological advancements for safer and more secure vehicle interior spaces, consumers are willing to spend more on advanced features. The airbag industry is witnessing the development of new and innovative products including pedestrian airbags, roof airbags, exterior airbags, smart airbags, and more. The demand for a safer, efficient, and convenient driving experience is responsible for these advancements in vehicle passive safety systems. Technological advancements by various market players to enhance vehicle passenger safety is driving the growth of the global airbag market.
Browse the full report description of “Global Airbag Market Size, Share & Trends Analysis Report By Type (Front Airbag, Side Airbag, Curtain Airbag, and Knee Airbag), By Vehicle Segment (Passenger Cars and Commercial Vehicle) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/airbag-market-size
For instance, in 2019, ZF Friedrichshafen developed external airbags for vehicles that can reduce the impact during a crash and minimize damage to the occupant. The airbag is connected to a host of sensors that can detect the movement outside the vehicle and sense an oncoming side impact as well before deploying the system. Some other advanced airbag launches include, In 2021, Toyoda Gosei Co., Ltd. has developed a driver-side airbag with a new structure that can more safely protect the occupant. This airbag is used on the new Honda Civic that was launched in North America in June 2021. This new airbag uses an innovative donut-shaped structure to cradle and hold the head to reduce rotation.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Vehicle Segment
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Aptiv Global Operations Ltd., Daicel Corp., DENSO Corp., Joyson Safety Systems Aschaffenburg GmbH, ZF Friedrichshafen AG, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Airbag Market Report Segment
By Type
By Vehicle Segment
• Passenger Cars
• Commercial Vehicle
Global Airbag Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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