Airbag Market Scope
A vehicle safety device designed and manufactured to quickly expand during the collision or accident and regains its original shape after the accident. Due to ongoing technological advancements, the efficiency of these airbags to minimize the impact of the clashes has been reduced. Introduction to Airbags has changed an overall automotive environment, it led to rise in competition among the automotive manufacturers including General Motors, Volkswagen, Toyota and many others owning to number of factors such as innovation, fuel economy, safety, product quality and maintenance services.
According to AMA, the Global Airbag market is expected to see growth rate of 10.1% Research Analyst at AMA estimates that Asian and United States Vendors will contribute to the maximum growth of Global Airbag market throughout the predicted period.
Autoliv (Sweden), Takata (Japan), ZF TRW (United States), Toyoda Gosei (Japan), KSS (United States), Hyundai Mobis (South Korea), Nihon Plast (Japan), Ashimori Industry Co., Ltd. (Japan), East Joy Long (China) and Daicel (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are TRW Automotive (United States), Continental AG (Germany), Key Safety Systems (United States), Neaton Auto Products Manufacturing Incorporation (United States) and Robert Bosch GmbH (Germany).
Segmentation Overview
The study have segmented the market of Global Airbag market by Type (Driver Front Airbag, Passenger Front Airbag, Front Side Airbag, Rear Side Airbag, Center Airbag, Knee Airbag and Others), by Application (Passenger Vehicle and Commercial Vehicle) and Region with country level break-up.
On the basis of geography, the market of Airbag has been segmented into 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).
Influencing Trend:
Development of New Technologies and Products such as Pedestrian Airbags and Increasing Demand for Smarter and Safer Airbags
Market Growth Drivers:
Increasing Consumer Awareness about Driving Safety Concerns and Increasing Prevalence of Road Accidents
Challenges:
Drastic Imbalance between Cost and Quality and Continues Changing Consumer Preferences and Vehicle Models
Restraints:
Highly Capital Intensive Market and Might Increase Vehicle Cushion Weight which might hamper Vehicle Performance
Opportunities:
Continues Technological Advancements such as Fuzzy Logic Software and Due to Intense Competitive Rivalry in Automobile Industry
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 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 in case of impact approximately at 50kph (full frontal c
Key Target Audience
Airbag Manufacturers, Automobile Manufacturers, Traffic and Safety Organizations, Government Agencies, Automobile Equipment Manufacturers and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.