Global Human Airbag Wearable - Market Overview:
The human airbag wearable is a device that can be attached to the body of an individual. It has been designed in such a way that it can detect the presence of an accident and automatically trigger the release of airbags,. There are 3 types of airbag for protection against falls from heights (type-1), against wheelchair overturns (type-2), against falls on the same level (type-3). This is the future of personal safety instrument. Wearable airbag market is an important part of the safety industry. It can be used in various industries such as automotive, aerospace, and medical and others. The main objective of this product is to help people to survive when they are in danger or emergency situations.
As per latest study released by AMA Research, the Global Human Airbag Wearable - market is expected to see growth rate of 20.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Customer Preferring More Ergonomic Wearable Airbag System and Personal Means Of Transportation, Such As Kick Scooters And Segway, Have Been Gaining Popularity
Market Growth Drivers:
Increasing Demand in Biker Community as there is No Accidental Prevention Measures Are Not Installed by Factory. and This Airbag System Is Expected To Prevent Fractures And Reduce Cost Of Treatment.
Challenges:
High Competition Among Established Players
Restraints:
Lack Of Awareness In Developing Country and High Cost of Wearable Airbag
Opportunities:
Rising Opportunities in Emerging Economies
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions in order to maintain their presence in the market.
Some of the key players profiled in the report are Spidi (Italy), Alpinestars (Italy), Hovding (Sweden), Mugen Denko (Japan), Active Protective Technologies (United States), Wolk Airbag (Canada), Dianese (Italy), S-Airbag (China), Point Two Air Vest (United States), Helite( France) and Moto-Air (Taiwan). Analyst at AMA Research see Italy Vendors to retain maximum share of Global Human Airbag Wearable - market by 2030.
Latest Market Insights:
In November 2021, to increase rider safety, Autoliv and the Piaggio Group are working together to create an airbag for two-wheelers. The two sides agreed to collaborate on the development of airbags that will be installed on the car frame and activate in milliseconds.
In July 2023, Wolk, a Dutch company, launched a Nordic-powered inflatable hip airbag designed to reduce the severity of falls, especially for the elderly or those at risk of serious falls.
What Can be Explored with the Human Airbag Wearable - Market Study
Gain Market Understanding
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Analyze and Measure the Global Human Airbag Wearable - Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Human Airbag Wearable -
Understand the Competitive Scenario
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- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Human Airbag Wearable - 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 Human Airbag Wearable - 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 Venture and Capitalist, New Entrants/Investors, Analysts and Strategic Business Partners, Traders/Suppliers & Distributors, Raw Material Suppliers, End-Use Industries and Others.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.