An airbag is a vehicle occupant-restraint system using a bag designed to inflate extremely quickly, then quickly deflate during a collision. It consists of the airbag cushion, a flexible fabric bag, an inflation module, and an impact sensor. The purpose of the airbag is to provide a vehicle occupant a soft cushioning and restraint during a crash event. It can reduce injuries between the flailing occupant and the interior of the vehicle.
According to the new market research report “Automotive Airbags – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Automotive Airbags market size is projected to reach USD 22.51 billion by 2029, at a CAGR of 5.9% during the forecast period.
- Global Automotive Airbags MarketSize(US$ Million), 2018-2029
Source: QYResearch, “Automotive Airbags – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Automotive Airbags Top8 Players Rankingand Market Share (Ranking is based on the revenue of 2022, continually updated)
Source: QYResearch, “Automotive Airbags – Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Automotive Airbags include Autoliv, Joyson Safety Systems, etc.
In 2022, the global top three players had a share approximately 80.0% in terms of revenue.
In terms of product type, currently Frontal Airbags is the largest segment, hold a share of 44.7%.
Market Drivers:
Increasing focus on vehicle safety and regulations mandating the installation of airbags in automobiles.
Rising awareness among consumers regarding the importance of passive safety systems like airbags.
Technological advancements in airbag design, including multi-stage deployment and side-impact protection.
Restraint:
High costs associated with developing and integrating advanced airbag systems into vehicles.
Challenges related to compatibility and integration with other vehicle safety systems.
Consumer concerns about potential malfunctions or injuries related to airbag deployment.
Opportunity:
Growing demand for advanced safety features in vehicles, driving the adoption of innovative airbag technologies.
Expansion of automotive markets in developing regions, providing opportunities for airbag manufacturers.
Increasing investments in research and development to enhance airbag performance and reliability.
About The Authors
| Tongtong Niu – Lead Author |
| Email: niutongtong@qyresearch.com |
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
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