The automotive airbags market for passenger vehicles is growing with various stringent government rules and regulations globally mandating installation of airbags. The vehicle manufacturers are now introducing new vehicle models frequently with 2 to 4 airbags, boosting industry expansion. Automotive airbags have wide applications in passenger and commercial automobiles

Countries mandating the integration of advanced passenger safety features may propel the demand for automotive airbags. Meanwhile, industry players are witnessing heavy investments from prominent vehicle manufacturers to drive RD activities to enhance the safety and performance of airbags.

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Knee airbags are highly recommended for use to avoid injuries to the driver and front seat passenger legs during an accident. Manufacturers of vehicles are positioning the knee airbags below the dashboard to attain a higher safety rate. For instance, the generation of Toyota Fortuner from April 2016 was conferred a 5-star rating for utilizing knee airbags in Latin NCAP crash test.

Raising awareness on vehicle safety directives has augmented automotive airbags market share in Asia Pacific. The automotive airbag demand across OEMs consistently gains momentum as companies are working on launching multiple vehicles with standardized safety precautions at varied prices.

Owing to the need for safety measures for vehicle occupants, OEM automotive airbags segment leads the industry value in terms of distribution channel. Airbag manufacturing companies are keen to scale up their production rates by appreciably investing in advanced production technologies and machineries. Lectra, in November 2018, launched Focus quantum, a software suite equipped with laser cutting technology for efficient productivity.

According to the regional outlook, Asia Pacific is recognized as a promising market for automotive airbag companies. Forecasts claim that the regional market could register a compound annual growth rate of more than 5.5% by 2026. This growth can be attributed to rising awareness among local population about the importance of vehicle safety and surging presence of automobile companies. Notably, automotive OEMs are working on unveiling new vehicles with better safety standards with an affordable prices point. Federal bodies in APAC are meanwhile mandating compliance with strict safety norms and crash tests to enhance passenger safety. 

Companies operating in the global automotive airbags industry are constantly focusing on forming strategic alliances through collaboration and mergers to gain a technological edge over competitors. Manufacturers are investing in new product innovations to improve their system’s functionality. Citing an instance, earlier in June 2020, luxury automaker Acura developed the world’s first front seat airbag that wraps around the driver’s head to lower severe brain trauma. Evidently, the upcoming 2021 Acura TLX sports sedan would feature this new airbag.

Companies like Autoliv, Ashimori Industry, Denso Corporation, Continental AG, Joyson, Hyundai Mobis, Toyota Gosei, ZF Friedrichshafen AG, and Mitsubishi Electric are also leading the airbag industry landscape with their pioneering products.

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Partial Chapter of the Table of Content

Chapter 5. Automotive Airbags Market, By Fabric

5.1.    Global market share by fabric, 2019 & 2026

5.2.    Coated

5.2.1.    Global market estimates and forecasts, 2016-2026

5.2.2.    Market estimates and forecast, by region, 2016-2026

5.3.    Non-coated

5.3.1.    Global market estimates and forecasts, 2016-2026

5.3.2.    Market estimates and forecast, by region, 2016-2026

Chapter 6. Automotive Airbags Market, By Vehicle

6.1.    Global market share by vehicle, 2019 & 2026

6.2.    Passenger

6.2.1.    Global market estimates and forecasts, 2016-2026

6.2.2.    Market estimates and forecast, by region, 2016-2026

6.3.    Commercial

6.3.1.    Global market estimates and forecasts, 2016-2026

6.3.2.    Market estimates and forecast, by region, 2016-2026

Chapter 7. Automotive Airbags Market, By Distribution Channel

7.1.    Global automotive airbags market share by distribution channel, 2019 & 2026

7.2.    OEM

7.2.1.    Global market estimates and forecasts, 2016-2026

7.2.2.    Market estimates and forecast, by region, 2016-2026

7.3.    Aftermarket

7.3.1.    Global market estimates and forecasts, 2016-2026

7.3.2.    Market estimates and forecast, by region, 2016-2026

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