Automotive Airbag Market Share, Outlook, Size, Trends, 2030

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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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

Automotive Airbag Market

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