The global market for Automotive Airbags is estimated at US$55.7 Billion in 2023 and is projected to reach US$84.1 Billion by 2030, growing at a CAGR of 6.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the automotive airbags market is driven by several factors, including stringent safety regulations, increased consumer demand for safer vehicles, and technological innovations. Governments worldwide have implemented strict safety standards that require the inclusion of advanced airbag systems in new vehicles, which has been a critical driver for the development and deployment of newer, more advanced airbag technologies. Consumer awareness and preference for safety features also influence car buyers' decisions, prompting automakers to prioritize airbag systems in their vehicle safety design to attract safety-conscious buyers.
Technological advancements that integrate airbags with connected car systems and predictive safety technologies further boost the market, as these integrated systems provide enhanced protection through more precise and adaptive safety mechanisms. Additionally, the expansion of the automotive industry in emerging markets contributes to the growth of the airbag market as new populations of consumers gain access to vehicles equipped with safety features previously considered premium.
The growth in the automotive airbags market is driven by several factors, including stringent safety regulations, increased consumer demand for safer vehicles, and technological innovations. Governments worldwide have implemented strict safety standards that require the inclusion of advanced airbag systems in new vehicles, which has been a critical driver for the development and deployment of newer, more advanced airbag technologies. Consumer awareness and preference for safety features also influence car buyers' decisions, prompting automakers to prioritize airbag systems in their vehicle safety design to attract safety-conscious buyers.
Technological advancements that integrate airbags with connected car systems and predictive safety technologies further boost the market, as these integrated systems provide enhanced protection through more precise and adaptive safety mechanisms. Additionally, the expansion of the automotive industry in emerging markets contributes to the growth of the airbag market as new populations of consumers gain access to vehicles equipped with safety features previously considered premium.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Side-Impact Airbags segment, which is expected to reach US$27.9 Billion by 2030 with a CAGR of a 6.5%. The Front-Impact Driver Airbags segment is also set to grow at 5.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $14.2 Billion in 2023, and China, forecasted to grow at an impressive 9.5% CAGR to reach $18.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Automotive Airbags Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Automotive Airbags Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Automotive Airbags Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Denso Corporation, ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 22 Featured):
- Denso Corporation
- ZF Friedrichshafen AG
- Hyundai Mobis Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Nihon Plast Co., Ltd.
- Denso International India Pvt., Ltd.
- Joyson Safety Systems.
- Special Devices Inc.
- Ningbo Joyson Electronic Corp.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISITALYSPAINRUSSIAREST OF EUROPESOUTH KOREABRAZILMEXICOREST OF LATIN AMERICAREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
REST OF ASIA-PACIFIC
LATIN AMERICA
Companies Mentioned
- Denso Corporation
- ZF Friedrichshafen AG
- Hyundai Mobis Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Nihon Plast Co., Ltd.
- Denso International India Pvt., Ltd.
- Joyson Safety Systems.
- Special Devices Inc.
- Ningbo Joyson Electronic Corp.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 343 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 55.7 Billion |
| Forecasted Market Value ( USD | $ 84.1 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
