Fairfield Market Research
Automotive Airbag Market

Automotive Airbag Market

Global Industry Analysis (2019 - 2022), Growth Trends, and Market Forecast (2023 - 2030)

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Industry: Automotive & Transport | Author Name: Chetan


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Increasing Demand for Passenger Vehicle having Air Bags to Drive Automotive Airbag Market

As of 2019, more than 54 million passenger vehicles were produced across the globe. Wherein, China emerged as the largest producer of passenger vehicles. In addition to this, people under 30 years have started switching to car from bikes, which has given further impetus to the demand. The trend is majorly witnessed in the developing countries such as India and China on account of increasing disposable income, rising rate of employment, high paid salary jobs, and easy availability of car loan.

Today, most of the vehicles in the developed countries of Europe and North America are fitted with airbags. Some of the developing countries such as India and China have also mandated the use of at least frontal air bag in all types of passenger vehicles to enhance the safety of drivers and co-passengers. In line with this, all OEM in India and China are bound to provide airbags, which is giving the global automotive airbag market an accelerated growth rate.

Stringent Vehicle Safety Guidelines to Give Impetus to Automotive Airbag Market

With the constantly growing number of accidents, several governments across the globe have directed the automotive manufacturers to develop a better product that can safeguard the driver and passengers as well as reduce the chances of accidents. This has prompted leading manufacturers develop a range of safety features in their vehicles such as cruise control, crash warning, lane switching assistance, and airbags among others.

Approximately 1.3 million people die each year as a result of road traffic crashes. Road traffic crashes cost most countries 3% of their gross domestic product. More than half of all road traffic deaths are among vulnerable road users.  In order to reduce the number of accidental fatality rate, governments across the globe have made it mandatory for the vehicle manufacturers to equip their vehicles with airbags. For instance, the government of India mandated all the passenger vehicle manufacturers to provide airbag in front driver and co-passenger safety. The Ministry of Road Transport and Highways (MoRTH) in a gazette notification announced the new rule that will require all new vehicles to have dual front airbags as standard fitment from April 1, 2021.

High Adoption of Advanced Safety Technology to Drive Coated Automotive Airbag Market

Currently, different types of fabrics such as nylon and polyester are used for manufacturing by the players in the global automotive airbag market. The demand for each type of fabric changes as per the manufacturers and their targeted consumers as the choice of material can significantly add value to the final cost of a vehicle. From the past few decades, silicon is being commonly used as a coating, but it is slowly being replaced with other alternative due to its higher strength and easy recyclability.

Airbags generates heat on deployment, which can severely hurt occupants and may lead serious burns. The scenario is avoided through coating the airbag with silicon or similar substance as it can dissipate the generated heat causing any damage to the integrity of airbag. Apart from this, silicon coated airbags can deflate easily once reached the maximum level of inflation, which proves to more effective than other alternative such as neoprene coating. It has been found that the demand for coated fabric is high in North America and Europe on account of stringent safety norms and high adoption of advanced safety features.

Growing Demand and Production of Passenger Vehicles in Asia Pacific to Drive Growth of Automotive Airbag Market

Asia Pacific is the largest producer of vehicles around the globe. The region has strong presence of all the leading manufacturers such VW, Toyota Motor Corp., Honda Motor Co. Ltd., and General Motors Co., among others. In addition to this, the Asia Pacific automotive airbag market is flooded with numerous country level producers. In last few years, the region has witnessed a significant adoption in the electric car. Wherein, China has emerged as the largest consumer. As of 2020, 25.1 million cars were sold in China. Out of which, 5.4% were electric vehicles.

As per our findings, Asia Pacific is responsible for more than 45% of the global vehicle production. Wherein, China accounts for 25.5%, Japan and Korea for 11.4, and South Asia for 6.3% of the global production. With the rapidly growing demand for vehicles in this region, a greater number of market players have started shifting their production base to India, China, Vietnam, and Thailand. The market players are also enjoying the advantages of cheap labor, easy availability of raw materials, and favorable government regulations regarding FDI.

The demand for passenger and commercial vehicles in the region is projected to grow at a healthy CAGR on account of growing purchasing power of consumers, increasing disposable income, changing lifestyle, and increasing urbanization. Similarly, the demand for automotive airbags will witness the same growth momentum in the coming years. The growth of the global automotive airbag market is expected to be supported by growing emphasis of the local government on the maximum safety of the drivers and co-passenger. For instance, the government of India mandated all the passenger vehicle manufacturers to provide airbag in front driver and co-passenger safety. The Ministry of Road Transport and Highways in a gazette notification announced the new rule that will require all new vehicles to have dual front airbags as standard fitment from  April 1, 2021.

Global Automotive Airbag Market: Key Players

Joyson Safety Systems (US), Autoliv (Sweden), Toyota Gosei (Japan), ZF Friedrichshafen (Germany), Denso (Japan), and Hyundai Mobis (South Korea) are some of the key players in the global automotive airbag market.

Global Automotive Airbag Market is Segmented as Below:

Airbags Type

  • Frontal Airbags
  • Knee Airbags
  • Side & Curtain Airbags
  • Passenger Airbag

Seatbelts Type

  • 2-point Seatbelts
  • 3-point Seatbelts

By Vehicle

  • Passenger Cars (PC)
  • Light Commercial Vehicle (LCV)
  • Buses
  • Trucks

By Electric Vehicle

  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-In Hybrid Electric Vehicle (PHEV)
  • Fuel Cell Electric Vehicle (FCEV)

By Component

  • Airbag Inflator
  • Airbag Control Unit
  • Airbag

By Region

  • Asia Pacific
  • Europe
  • North America
  • Rest of the World

Key Elements Included In The Study: Global Automotive Airbag Market

  • Automotive Airbag Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2019 - 2022
  • Market Value at Regional and Country Level, 2023 - 2030
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2023 - 2030
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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Disclaimer:

  • The segmentation/company profiles/countries depicted above may vary in the actual report.

1. Executive Summary
     1.1. Global Automotive Airbag Market Snapshot
     1.2. Key Market Trends
     1.3. Future Projections
     1.4. Analyst Recommendations

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
            2.2.1. Drivers
                    2.2.1.1. Driver 1
                    2.2.1.2. Driver 2
            2.2.2. Restraints
                    2.2.2.1. Restraint 1
                    2.2.2.2. Restraint 2
            2.2.3. Market Opportunities Matrix
     2.3. Value Chain Analysis
     2.4. Porter’s Five Forces Analysis
     2.5. Covid-19 Impact Analysis
            2.5.1. Supply
            2.5.2. Demand
     2.6. Economic Analysis
     2.7. Government Regulations
     2.8. PESTEL Analysis
     2.9. Consumer Spending on Car Accessories by Vehicle Type & by Region

3. Production Output and Trade Statistics, 2019 - 2022
     3.1. Supply-Demand Analysis
     3.2. Import-Export Analysis
     3.3. Major Exporting Countries, by Destination

4. Price Trends Analysis and Future Projects
     4.1. Key Highlights
     4.2. Average Price, By Vehicle Type
     4.3. Average Price, By Region

5. Global Automotive Airbag Market Outlook, 2019 - 2030
     5.1. Global Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            5.1.1. Key Highlights
                    5.1.1.1. Front
                    5.1.1.2. Curtain
                    5.1.1.3. Knee Bags
                    5.1.1.4. Side
                    5.1.1.5. Misc. (Including Pedestrian, etc.)
            5.1.2. BPS Analysis/Market Attractiveness Analysis
     5.2. Global Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            5.2.1. Key Highlights
                    5.2.1.1. Passenger Cars
                    5.2.1.2. Light Vehicles
                    5.2.1.3. Electric Vehicles
            5.2.2. BPS Analysis/Market Attractiveness Analysis
     5.3. Global Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            5.3.1. Key Highlights
                    5.3.1.1. Nylon
                    5.3.1.2. Polyester
            5.3.2. BPS Analysis/Market Attractiveness Analysis
     5.4. Global Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            5.4.1. Key Highlights
                    5.4.1.1. Neoprene
                    5.4.1.2. Silicone
                    5.4.1.3. Uncoated
            5.4.2. BPS Analysis/Market Attractiveness Analysis
     5.5. Global Automotive Airbag Market Outlook, by Region, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            5.5.1. Key Highlights
                    5.5.1.1. North America
                    5.5.1.2. Europe
                    5.5.1.3. Asia Pacific
                    5.5.1.4. Latin America
                    5.5.1.5. Middle East & Africa
            5.5.2. BPS Analysis/Market Attractiveness Analysis

6. North America Automotive Airbag Market Outlook, 2019 - 2030
     6.1. North America Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            6.1.1. Key Highlights
                    6.1.1.1. Front
                    6.1.1.2. Curtain
                    6.1.1.3. Knee Bags
                    6.1.1.4. Side
                    6.1.1.5. Misc. (Including Pedestrian, etc.)
            6.1.2. BPS Analysis/Market Attractiveness Analysis
     6.2. North America Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            6.2.1. Key Highlights
                    6.2.1.1. Passenger Cars
                    6.2.1.2. Light Vehicles
                    6.2.1.3. Electric Vehicles
            6.2.2. BPS Analysis/Market Attractiveness Analysis
     6.3. North America Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            6.3.1. Key Highlights
                    6.3.1.1. Nylon
                    6.3.1.2. Polyester
            6.3.2. BPS Analysis/Market Attractiveness Analysis
     6.4. North America Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            6.4.1. Key Highlights
                    6.4.1.1. Neoprene
                    6.4.1.2. Silicone
                    6.4.1.3. Uncoated
            6.4.2. BPS Analysis/Market Attractiveness Analysis
     6.5. North America Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            6.5.1. Key Highlights
                    6.5.1.1. U.S.
                    6.5.1.2. Canada
            6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Automotive Airbag Market Outlook, 2019 - 2030
     7.1. Europe Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            7.1.1. Key Highlights
                    7.1.1.1. Front
                    7.1.1.2. Curtain
                    7.1.1.3. Knee Bags
                    7.1.1.4. Side
                    7.1.1.5. Misc. (Including Pedestrian, etc.)
            7.1.2. BPS Analysis/Market Attractiveness Analysis
     7.2. Europe Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            7.2.1. Key Highlights
                    7.2.1.1. Passenger Cars
                    7.2.1.2. Light Vehicles
                    7.2.1.3. Electric Vehicles
            7.2.2. BPS Analysis/Market Attractiveness Analysis
     7.3. Europe Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            7.3.1. Key Highlights
                    7.3.1.1. Nylon
                    7.3.1.2. Polyester
            7.3.2. BPS Analysis/Market Attractiveness Analysis
     7.4. Europe Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            7.4.1. Key Highlights
                    7.4.1.1. Neoprene
                    7.4.1.2. Silicone
                    7.4.1.3. Uncoated
            7.4.2. BPS Analysis/Market Attractiveness Analysis
     7.5. Europe Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            7.5.1. Key Highlights
                    7.5.1.1. Germany
                    7.5.1.2. France
                    7.5.1.3. U.K.
                    7.5.1.4. Italy
                    7.5.1.5. Spain
                    7.5.1.6. Turkey
                    7.5.1.7. Russia
                    7.5.1.8. Rest of Europe
            7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Automotive Airbag Market Outlook, 2019 - 2030
     8.1. Asia Pacific Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            8.1.1. Key Highlights
                    8.1.1.1. Front
                    8.1.1.2. Curtain
                    8.1.1.3. Knee Bags
                    8.1.1.4. Side
                    8.1.1.5. Misc. (Including Pedestrian, etc.)
            8.1.2. BPS Analysis/Market Attractiveness Analysis
     8.2. Asia Pacific Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            8.2.1. Key Highlights
                    8.2.1.1. Passenger Cars
                    8.2.1.2. Light Vehicles
                    8.2.1.3. Electric Vehicles
            8.2.2. BPS Analysis/Market Attractiveness Analysis
     8.3. Asia Pacific Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            8.3.1. Key Highlights
                    8.3.1.1. Nylon
                    8.3.1.2. Polyester
            8.3.2. BPS Analysis/Market Attractiveness Analysis
     8.4. Asia Pacific Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            8.4.1. Key Highlights
                    8.4.1.1. Neoprene
                    8.4.1.2. Silicone
                    8.4.1.3. Uncoated
            8.4.2. BPS Analysis/Market Attractiveness Analysis
     8.5. Asia Pacific Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            8.5.1. Key Highlights
                    8.5.1.1. China
                    8.5.1.2. Japan
                    8.5.1.3. South Korea
                    8.5.1.4. India
                    8.5.1.5. Southeast Asia
                    8.5.1.6. Australia and New Zealand
                    8.5.1.7. Rest of Asia Pacific
            8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Automotive Airbag Market Outlook, 2019 - 2030
     9.1. Latin America Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            v9.1.1. Key Highlights
                    9.1.1.1. Front
                    9.1.1.2. Curtain
                    9.1.1.3. Knee Bags
                    9.1.1.4. Side
                    9.1.1.5. Misc. (Including Pedestrian, etc.)
            9.1.2. BPS Analysis/Market Attractiveness Analysis
     9.2. Latin America Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            9.2.1. Key Highlights
                    9.2.1.1. Passenger Cars
                    9.2.1.2. Light Vehicles
                    9.2.1.3. Electric Vehicles
            9.2.2. BPS Analysis/Market Attractiveness Analysis
     9.3. Latin America Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            9.3.1. Key Highlights
                    9.3.1.1. Nylon
                    9.3.1.2. Polyester
            9.3.2. BPS Analysis/Market Attractiveness Analysis
     9.4. Latin America Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            9.4.1. Key Highlights
                    9.4.1.1. Neoprene
                    9.4.1.2. Silicone
                    9.4.1.3. Uncoated
            9.4.2. BPS Analysis/Market Attractiveness Analysis
     9.5. Latin America Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            9.5.1. Key Highlights
                    9.5.1.1. Brazil
                    9.5.1.2. Mexico
                    9.5.1.3. Rest of Latin America
            9.5.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Automotive Airbag Market Outlook, 2019 - 2030
     10.1. Middle East & Africa Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            10.1.1. Key Highlights
                    10.1.1.1. Front
                    10.1.1.2. Curtain
                    10.1.1.3. Knee Bags
                    10.1.1.4. Side
                    10.1.1.5. Misc. (Including Pedestrian, etc.)
            10.1.2. BPS Analysis/Market Attractiveness Analysis
     10.2. Middle East & Africa Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            10.2.1. Key Highlights
                    10.2.1.1. Passenger Cars
                    10.2.1.2. Light Vehicles
                    10.2.1.3. Electric Vehicles
            10.2.2. BPS Analysis/Market Attractiveness Analysis
     10.3. Middle East & Africa Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            10.3.1. Key Highlights
                    10.3.1.1. Nylon
                    10.3.1.2. Polyester
            10.3.2. BPS Analysis/Market Attractiveness Analysis
     10.4. Middle East & Africa Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            10.4.1. Key Highlights
                    10.4.1.1. Neoprene
                    10.4.1.2. Silicone
                    10.4.1.3. Uncoated
            10.4.2. BPS Analysis/Market Attractiveness Analysis
     10.5. Middle East & Africa Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
            10.5.1. Key Highlights
                    10.5.1.1. GCC
                    10.5.1.2. South Africa
                    10.5.1.3. Egypt
                    10.5.1.4. Rest of Middle East & Africa
            10.5.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
     11.1. Company Market Share Analysis, 2020
     11.2. New Developments
     11.3. Market Structure
     11.4. Company Profiles
            11.4.1. Autoliv Inc.
                    11.4.1.1. Company Overview
                    11.4.1.2. Product Portfolio
                    11.4.1.3. Financial Overview
                    11.4.1.4. Business Strategies and Development
            11.4.2. BorgWarner Inc.
            11.4.3. Joyson Safety Systems
            11.4.4. Toyoda Gosei Co. Ltd.
            11.4.5. Ningbo Joyson Electronic Corp.
            11.4.6. ZF Friedrichshafen AG
            11.4.7. Daicel Corporation
            11.4.8. Denso Corporation
            11.4.9. Hyundai Mobis
            11.4.10. Ashimori Industry Co. Ltd
            11.4.11. Nihon Plast Co., Ltd.

12. Appendix
     12.1. Research Methodology
     12.2. Report Assumptions
     12.3. Acronyms and Abbreviations

Our Research Methodology

Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.

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