Home » Airbag Market Trends, Demand, Share, Major Player, Competitive Outlook Forecast to 2026

Airbag Market Trends, Demand, Share, Major Player, Competitive Outlook Forecast to 2026

by edwardebreen15
Airbag Market

According to IMARC Group’s latest report, titled “Airbag Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global market exhibited strong growth during 2015-2020. An airbag is a passenger safety tool used for promptly inflating and deflating during a vehicular collision. It is an inflatable cushion, which is utilized to protect the passengers from hitting the vehicle interior. It is commonly available in knee, side-impact, curtain and frontal variants. Airbags are manufactured using nylon-based materials and are filled with nitrogen and argon gases. They receive signals from various sensors installed in the control panel of the automobile that trigger a response in case the vehicle experiences an external impact or comes to a sudden halt. They aid in minimizing the impact of a collision and reducing driver fatalities and serious head injuries in frontal crashes.

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The global airbag market is primarily being driven by the rising consciousness among the masses regarding driver and passenger safety in automobiles. Airbags aid in minimizing the risks of injuries and damage caused to the interiors during a crash or collision, which is facilitating their installations in automobiles. Moreover, various product innovations, such as the development of pedestrian, external and roof airbags to prevent head injuries, are providing a thrust to the market growth. Other factors, including the implementation of various government initiatives, such as the mandatory installation of airbags in vehicles, along with the widespread product adoption in the aviation industry, are anticipated to positively impact the market growth. Looking forward, IMARC Group expects the global airbag market to grow at a CAGR of 8.5% during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

  • Autoliv Inc.
  • Continental AG
  • Daicel Corporation
  • DENSO Corporation
  • Hyundai Motor Group
  • Joyson Safety Systems (Ningbo Joyson Electronic Corp.)
  • Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.)
  • Robert Bosch GmbH
  • ZF Friedrichshafen AG.

Market Segmentation:

Breakup by Type:

  • Frontal Airbag
  • Knee Airbag
  • Side Airbag
  • Curtain Airbag
  • Others

Breakup by Module:

  • Inflator or Gas Generator
  • Air Bag
  • Crash Sensors

Breakup by Vehicle Type:

  • Passenger Vehicle
  • Commercial Vehicle

Breakup by Sales Channel:

  • Original Equipment Manufacturers
  • Aftermarkets

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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