Market Snapshot:
The Side Impact Airbag is one type of passive safety systems used in transportation such as cars, trains, buses, marine vehicles, and airplanes. The Side Impact Airbag offers the latest features and technology that can minimize the fatality rates during accidents. Major driving factors for the increase of Side Impact Airbag are high tensile strength, low air permeability, and better coating adhesion. This factor is expected to boost the global market. The major companies are adding more proven technologies systematically and strategically in Asia-Pacific countries as these countries are focused on the decrease of the accidental fatalities.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Market Drivers
- Increase in Number of Road Accidents Boost the Use of Side-Impact Airbag
- Government Stringent Regulations Associated with Passenger’s Safety
Market Trend
- Development of New Technologies and Products such as Pedestrian Airbags
- Increasing Demand for Smarter and Safer Airbags
Restraints
- High Cost Associated With Side-Impact Airbag
- Difficult to Reposition the Next Deployment of Side-Impact Airbag
Opportunities
Rise in Demand of Side Impact Airbag in Emerging Countries. and Due to Intense Competitive Rivalry in Automobile Industry
Side Impact Airbag Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Passenger Vehicle and Commercial Vehicle |
Distribution Channel | OEM,Aftermarket |
Fabric | Coated,NonCoated |
Vendors Covered in the Study are:
Autoliv (Sweden), HYUNDAI MOBIS (South Korea), Joyson Safety Systems (United States), Toyoda Gosei (Japan), ZF Friedrichshafen (Germany), Takata (Japan), ZF TRW (United States), KSS (United States), Nihon Plast (Japan) and Ashimori Industry Co., Ltd. (Japan)
The Global Side Impact Airbag market is gaining huge competition due to involvement of Japanese and United States companies that constantly invest in research & development to meet market expectation with new innovation.
Industry Insights:
In June 2019, auto parts manufacturer Joysons Safety Systems (JSS) merged two joint ventures in India into a three-party joint venture. KSS Abhishek Safety Systems Private Limited (KSSA), a joint venture between Abhishek Group and JSS, is Takata India Pvt. Ltd. (TIPL). TIPL is a joint venture between JSS and Anand Group.
On May 24, 2016, Hyundai Mobis has announced that it has entered into the ‘Safety and Health Win-Win Partnership Agreement’ with over 1,400 local parts dealers at Jeju Haevichi Hotel for providing free safety consulting to the dealers starting next month. That will significantly help the company in airbag market growth.
From October 1, 2019, airbag fitment will be mandatory for all Private Vehicles in India since the regulatory bodies of India have mandated standard fitment of airbags in all passenger vehicles and anti-lock braking systems in two-wheelers. Moreover, according to the government gazette on safety standards published on October 1st, 2017, the government of India has mandated protection of driver against steering column intrusion with the help of airbags.
Key Target Audience
Side Impact Airbag Manufacturers, Side Impact Airbag Traders, End-Use Market Participants of Different Segments of Side-Impact Airbag, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms, R&D Institutions and Others
What can be explored with Side Impact Airbag study:
Where Side Impact Airbag industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Vendors
Where Vendors should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are East Joy Long (China), Daicel (Japan), Continental AG (Germany) and Neaton Auto Products Manufacturing Incorporation (United States).