Market Highlights:
The supplemental restraint system is designed to keep vehicle occupants safe during a crash or collision. Increasing government initiative for road safety owing to the rise in the number of road accidents driving the demand for supplemental restraint systems. For instance, according to the U.S. Department of Transportation’s National Highway Traffic Safety Administration, 37,133 people died in motor vehicle crashes in 2017. Further, the growing automotive industry and growing awareness about passive safety systems in the developing economies increase the demand for supplemental restraint systems. The market study is being classified by Type (Driver and Passenger Front Airbags, Front Seat-Mounted Airbags, Curtain Side-Impact Airbags and Pretensioners on the Seatbelts), by Application (Commercial Cars and Passenger Cars) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Supplemental Restraint System are Takata (Japan), ZF TRW (United States), Autoliv (Sweden), Denso (Japan), Volvo (Sweden), Key Safety Systems (United States), Ford (United States), Toyoda-Gosei (Japan), Hyundai Motor Group (South Korea) and Nihon Plast (Japan).

Major Market Development Highlights

In April 2023, Autoliv, Inc., a world leader in automotive safety systems, planned to build a new state-of-the-art airbag cushion and fabric plant in Vietnam serving Asia. The investment in the new textile facility is aimed at meeting customer demand and the expanding future airbag production requirements of the growing Asian market. The new facility will be built in Ha Long Industrial Park, Amata City, located in northern Vietnam. The facility will showcase Autoliv's manufacturing capabilities by leveraging Manufacturing 4.0 concepts by integrating new technologies into its operations. This is Autoliv's first investment in Vietnam.

Key Questions Answered in the Report
What will the Supplemental Restraint System Market size and the growth rate be in Future?
What are the key factors driving the Supplemental Restraint System Market?
What are the key market trends and macro-economic impacting the growth of the Supplemental Restraint System Market?
What are the challenges to market growth?
Who are the key vendors in the Supplemental Restraint System Market?
What are the market opportunities and threats faced by the vendors in the Supplemental Restraint System Market?
Trending factors influencing the market shares of the Vendors.
What are the key outcomes of the five forces analysis of the Supplemental Restraint System Market?

Refer complete Table of Content of Supplemental Restraint System Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Supplemental Restraint System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Supplemental Restraint System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Supplemental Restraint System Providers, Potential Investors, Raw Material Suppliers, Government Associations, End Use Industries and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.