In India, from October 2017, Ministry of Road Transport and Highways mandated airbags, in all new models of car and for clearance of side crash and frontal tests together with pedestrian protection tests. These factors are anticipated to drive the demand for automotive airbags over the estimated period.
The article cited AMA's "Global Vehicle Side Airbag Market Study" explored substantial growth of %. According to the report, Adopting Lightweight and Flexible Airbags
is one of the primary growth factors for the market. Increasing Number of Vehicle Crashes and Road Accidents
is also expected to contribute significantly to the Vehicle Side Airbag market. Overall, Passenger Car
applications of Vehicle Side Airbag, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as OEM, is boosting the Vehicle Side Airbag market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Fabric Type, such as Coated, is boosting the Vehicle Side Airbag market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Vehicle Side Airbag market identified that the demand is rising in many different parts of the world as "Rapid Technological Advancements in Airbags are Significantly Contributing Growth towards this Market
". Furthermore, some recent industry insights like "On 27 February 2019, Scania introduced side curtain airbags for protecting the passengers against truck rollover crashes." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Vehicle Side Airbag market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Vehicle Side Airbag market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Vehicle Side Airbag market size is calculated using market estimation process, the Vehicle Side Airbag market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Vehicle Side Airbag market size has been validated using both top-down and bottom-up approaches.