The airbag market is projected to grow at a CAGR of 7% by 2033.
The airbag market growth drivers include rising vehicle safety awareness, stringent government regulations, and increasing passenger vehicle production.
Asia Pacific is the dominating region for the airbag market.
Autoliv Inc., ZF Friedrichshafen AG, Hyundai Mobis, Daicel Corporation, and Denso Corporation are some leading industry players in the airbag market.