Global Airbag Wire Market Overview:
The airbag is a passive safety system responsible for ensuring that passengers are protected to the greatest extent in the event of an accident. The airbag control unit is interfaced with yellow-colored wires called the airbag wire. The airbag wires are yellow in color so that these can be easily identifiable. Developments in airbag system technology with the focus on cost and efficiency has been the major factor contributing to higher market share.
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:
Rising Awareness among Customers Regarding Sensing Technology of Airbag Systems Has Boosted Its Demand
Market Growth Drivers:
Rising Consumer Safety Requirements IN Automobiles Leading To Increased Air Bag Usage
Challenges:
High Competition in the Market
Restraints:
Stagnant or Declining Growth in Automobile Segment
Opportunities:
Government Efforts to Minimize Fatality In Case Of Accidents Will Encourage Consumers to Install the Airbag Systems
Competitive Landscape:
Some of the key players profiled in the report are Bekaert (Belgium), Central Wire Industries (United States), The Heico Companies, LLC (United States), Ulbrich Shaped Wire, Inc. (United States), Invista (United States), TORAY Industries, Inc. (Japan), TOYOBO Co., Ltd. (Japan) and Asahi Kasei Fibers (Japan). Additionally, following companies can also be profiled that are part of our coverage like Shenma Industrial Co., Ltd. (China) and Zhejiang Hailide New Material Co., Ltd. (China). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Airbag Wire market by 2030. Considering Market by Distribution, the sub-segment i.e. OEM will boost the Airbag Wire market.
Latest Market Insights:
In May , 2023 / HEICO Corporation announced that it entered into an agreement to acquire Wencor Group ("Wencor") from affiliates of Warburg Pincus LLC and Wencor's management.
In Feb 2022,Bridon-Bekaert Ropes Group (BBRG) is proud to announce the acquisition of VisionTek Engineering Srl as an important strategic step in extending the service offering to customers.
What Can be Explored with the Airbag Wire Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Airbag Wire Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Airbag Wire
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Airbag Wire 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 Airbag Wire 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 Airbag Wire Manufacturer, Airbag Wire Distributor & Supplier, Airbag Wire Raw Material Supplier, Airbag Wire End-Users, Downstream Vendors 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.