About Airbag Electronics
Airbag electronic is defined as the electronic systems which measure the signals of sensors and control different actuators in order to prevent passenger injuries in accidents. Growing demand for safer and more efficient driving experiences and government regulations pertaining to vehicle safety are some of the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.3% |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global airbag electronics market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that Japan Players will contribute the maximum growth to Global Airbag Electronics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autoliv (Sweden), Denso Corporation (Japan), Key Safety Systems, Inc. (United States), Takata Corporation (Japan), Toyoda-Gosei Co., Ltd. (Japan), TRW Automotive Holdings Corp. (United States), Ashimori Industry Co., Ltd. (Japan), Hyundai Mobis (South Korea), Ningbo Joyson Electronic (China) and Nihon Plast Co., Ltd. (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Airbag Electronics market by Type (ACU (Airbag Control Unit), FIS (Front Impact Sensor), SIS (Side Impact Sensor), PSIS (Pressure Side Impact Sensor), ODS (Occupant Detection System) and PSB ECU (Pre-safety Seat Belt ECU)) and Region.
On the basis of geography, the market of Airbag Electronics 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). If we see Market by Component , the sub-segment i.e. Crash sensors will boost the Airbag Electronics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Compact Cars will boost the Airbag Electronics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Airbag Electronics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
New technologies advancement such as IOT, and advanced sensors
Market Growth Drivers:
Increasing Concerns over Improving the Measures for Automobile Safety, Advanced Airbag Designs and Highly-Integrated Crash Sensors and Government Regulations Pertaining to Vehicle Safety
Challenges:
Maintaining the Balance between Cost & Quality and Recalls of Multiple Vehicle Models for Airbags as well as Seatbelts
Restraints:
Increasing Development of Active Safety Systems
Opportunities:
Rising demand from Emerging Economies such as India, China, and others and Growing Demand for Electric Vehicles
Market Leaders and their expansionary development strategies
In December 2022, MicroVision, Inc., a leader in MEMS-based solid-state automotive lidar and advanced driver-assistance systems (ADAS) solutions acquired certain assets from Hamburg, Germany-based, Ibeo Automotive Systems GmbH, The acquisition combines MAVIN lidar with Ibeo perception software features into the MicroVision ASIC for automotive OEMs. In addition, this acquisition expands MicroVision's multi-market strategy focusing on industrial, smart infrastructure, robotics, and commercial vehicle segments with Ibeo's flash-based sensor.
In January 2024, Alpinestars has launched Tech-Air® 7x, the all-new, autonomous motorcycling airbag system. Tech-Air® 7x is the latest addition to the Alpinestars Tech-Air® family, which includes the Tech-Air® 10, Tech-Air® 5, Tech-Air® 3, and Tech-Air® OFF-ROAD systems. Alpinestars continues to lead the way in active air-bag technology for riders and their passengers. The all-new Tech-Air® 7x is a definitive demonstration of Alpinestars’ continued commitment to making the most versatile airbag technology products in the industry.
Key Target Audience
Manufacturers of Airbag Electronics, Suppliers of Airbag Electronics, Wholesalers, Distributors, and Retailers of Airbag Electronics, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.