Automotive Airbag Market
Added: (Mon Feb 04 2019)
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Automotive Airbag Market Industry Analysis and Forecast (2016-2024) By Module, Vehicle Type, Types and By Region.
Automotive Airbag Market was valued at 21.63 billion in 2016, exhibiting a CAGR of 8.3% during 2016-2024.
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Automotive Airbag MarketAutomotive Airbag Market1Airbags offer cushioning and protection to passengers on the occasion of a car accident. Airbags are mainly made of thin nylon fabric and are kept folded into the steering wheel, dashboard, seat, door or roof. At the time of the accident, the crash sensor in the car sends signals to inflate bags, thus reducing the result of the collision.
Increase in a number of deaths due to rise in the number of car accidents, growing consciousness about the safety of vehicles, and inclination towards advanced automotive technologies to lessen the impact of accidents are some of the driving factors for the Automotive Airbag Market.
A lot of technological developments have taken place in the Automotive Airbag Market, which has led to the rapid acceptance of new technologies. Automotive Airbag Market is also driven by developments in the plastic industry. Consumers inclination towards fuel efficient, lightweight cars has been convincing vehicle component manufacturers and original equipment manufacturers (OEMs) to participate in light-weight car components. This, in turn, is expected to speed up demand for airbags in the automotive accessory manufacturing. Use of plastic in a vehicle assists in decreasing weight as well as fuel saving. Deployment of airbags in low-cost cars also forms a foremost opportunity, which in turn is projected to affect the growth of Automotive Airbag Market. Nowadays, premium or high-cost cars along with some mid-range cars have added the airbag functionality for safety & security of passengers.
North America is expected to appear as the fastest growing market closely followed by Asia. This may be primarily credited to numerous safety guidelines taken by government agencies like the National Highway Traffic Safety Administration. Asia-Pacific (APAC) is still in development stage and regional development is expected to manifold due to reasons like rising in vehicle sales and demand for safer vehicles which in turn will boost the overall growth of Automotive Airbag Market.
Key players Analysed in the Automotive Airbag Market:
AB Tube Processing, Inc.
ACS Industries, Inc.
Advanced Elastomer Systems
Am-Safe Commercial Products
Analog Devices, Inc.
ARC Automotive, Inc.
Ashimori Industry Co., Ltd.
China National Bluestar (Group) Corporation
Chukoh Chemical Industries, Ltd.
Daicel Chemical Industries Ltd.
East Joy Long Airbag Motor Co. Ltd.
Gaotian (Shanghai) Automobile Safety Device Co., Ltd.
Global Tek (wuxi) Co. , Ltd.
Fujitsu TEN Ltd.
Jilin Fuao Automobile Parts Co., Ltd
Jinzhou Jinheng Automotive Safety Systems Co., Ltd.
The scope of the Automotive Airbag Market:
Automotive Airbag Market, By Module
Inflator or Gas Generator
Automotive Airbag Market, By Vehicle Type
Passenger Cars (PC)
Light Commercial Vehicle (LCV)
Automotive Airbag Market, By Types
Automotive Airbag Market, By Region
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This Report is published by Maximize Market Research