Airbag Market Size, Share, Trends, Growth Outlook

Airbag Market is estimated to increase at a growth rate of 5.9% CAGR over the forecast period from 2024 to 2030.

The global Airbag Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Module (Inflator, Airbag), By Type (Front Airbag, Knee Airbag, Side Airbag, Curtain Airbag), By Vehicle (Passenger Vehicle, Commercial Vehicle), By Material (Polyester Fiber, Nylon, Others), By Sales Channel (OEM, Aftermarket).

An Introduction to Global Airbag Market, 2024

Airbags have revolutionized vehicle safety, serving as crucial passive restraint systems designed to mitigate the impact of collisions and protect occupants from serious injuries. Over the years, airbag technology has evolved significantly, with advancements in sensor technology, deployment mechanisms, and inflation systems, leading to enhanced effectiveness and reliability. The airbag market continues to witness growth, driven by stringent safety regulations, increasing consumer awareness regarding vehicle safety, and advancements in automotive engineering. Manufacturers are focusing on developing advanced airbag systems equipped with multi-stage deployment, side-impact protection, and pedestrian detection capabilities to address various collision scenarios and improve occupant protection. Moreover, the integration of smart sensors and artificial intelligence algorithms enables adaptive airbag deployment tailored to specific crash conditions, further enhancing safety outcomes. Additionally, the proliferation of autonomous driving technology and connected vehicles is expected to drive the adoption of advanced airbag systems equipped with pre-crash sensing and vehicle-to-vehicle communication capabilities, reshaping the landscape of automotive safety.

Airbag Competitive Landscape

The global Airbag market is highly competitive with a large number of companies focusing on niche market segments. Amidst intense competitive conditions, Airbag Companies are investing in new product launches and strengthening distribution channels. Key companies operating in the Airbag Market Industry include- Autoliv Inc, Daicel Corp, Delphi, Denso Corp, Hyosung Co., Hyundai Mobis Co. Ltd, Kolon Industries, Nihon Plast Co. Ltd, Porcher Industries SA, Takata Corp, Toray Industries Inc, Toyobo Co. Ltd, Toyoda Gosei Co. Ltd, Wacker Chemie AG, ZF Friedrichshafen AG.

Airbag Market Trend: Integration of Advanced Sensor Technologies

The Airbag Market is experiencing a prominent trend driven by the integration of advanced sensor technologies in airbag systems. With the automotive industry focusing on enhancing vehicle safety and reducing the severity of accidents, there is a growing demand for airbag systems equipped with sensors capable of detecting various parameters such as impact severity, occupant position, and vehicle dynamics. Advanced sensor technologies, including accelerometers, gyroscopes, and pressure sensors, enable airbag systems to deploy with optimal timing and force, thereby minimizing the risk of injury to vehicle occupants in the event of a collision. This trend reflects the industry's commitment to leveraging technology to improve occupant protection and enhance overall vehicle safety standards.

Airbag Market Driver: Stringent Safety Regulations and Standards

Stringent safety regulations and standards serve as a major driver propelling the growth of the Airbag Market. Governments worldwide are imposing strict regulations mandating the installation of airbag systems in vehicles to mitigate the impact of collisions and reduce the risk of injuries and fatalities. Regulatory bodies such as the National Highway Traffic Safety Administration (NHTSA) in the United States and the European New Car Assessment Programme (Euro NCAP) in Europe establish safety standards and crash test protocols that vehicles must meet to ensure compliance. As automakers strive to meet these regulatory requirements and achieve higher safety ratings for their vehicles, there is a continuous demand for airbag systems that meet stringent performance and reliability standards, thereby driving the growth of the airbag market globally.

Airbag Market Opportunity: Expansion into Emerging Markets and Vehicle Segments

An opportunity for significant expansion in the Airbag Market lies in tapping into emerging markets and vehicle segments. Emerging economies are witnessing rapid urbanization, rising disposable incomes, and increasing awareness of vehicle safety, driving the demand for vehicles equipped with advanced safety features such as airbags. Additionally, there is a growing trend towards the adoption of airbag systems in new vehicle segments such as commercial trucks, buses, and two-wheelers, expanding the potential market opportunities for airbag manufacturers. By targeting emerging markets and diversifying their product offerings to cater to different vehicle segments, airbag manufacturers can capitalize on the growing demand for safety solutions and establish a strong presence in untapped geographical regions and market segments. This opportunity underscores the potential for airbag companies to drive growth and market expansion by leveraging emergings and addressing evolving customer needs in the global automotive industry.

Airbag Market Segmentation

By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
AftermarketGeographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa

Airbag Companies

Autoliv Inc
Daicel Corp
Delphi
Denso Corp
Hyosung Co.
Hyundai Mobis Co. Ltd
Kolon Industries
Nihon Plast Co. Ltd
Porcher Industries SA
Takata Corp
Toray Industries Inc
Toyobo Co. Ltd
Toyoda Gosei Co. Ltd
Wacker Chemie AG
ZF Friedrichshafen AG
*- List not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Airbag Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Airbag Market Size Outlook, $ Million, 2021 to 2030
3.2 Airbag Market Outlook by Type, $ Million, 2021 to 2030
3.3 Airbag Market Outlook by Product, $ Million, 2021 to 2030
3.4 Airbag Market Outlook by Application, $ Million, 2021 to 2030
3.5 Airbag Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Airbag Industry
4.2 Key Market Trends in Airbag Industry
4.3 Potential Opportunities in Airbag Industry
4.4 Key Challenges in Airbag Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Airbag Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Airbag Market Outlook by Segments
7.1 Airbag Market Outlook by Segments, $ Million, 2021- 2030
By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
Aftermarket

8 North America Airbag Market Analysis and Outlook To 2030
8.1 Introduction to North America Airbag Markets in 2024
8.2 North America Airbag Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Airbag Market size Outlook by Segments, 2021-2030
By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
Aftermarket

9 Europe Airbag Market Analysis and Outlook To 2030
9.1 Introduction to Europe Airbag Markets in 2024
9.2 Europe Airbag Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Airbag Market Size Outlook by Segments, 2021-2030
By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
Aftermarket

10 Asia Pacific Airbag Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Airbag Markets in 2024
10.2 Asia Pacific Airbag Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Airbag Market size Outlook by Segments, 2021-2030
By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
Aftermarket

11 South America Airbag Market Analysis and Outlook To 2030
11.1 Introduction to South America Airbag Markets in 2024
11.2 South America Airbag Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Airbag Market size Outlook by Segments, 2021-2030
By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
Aftermarket

12 Middle East and Africa Airbag Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Airbag Markets in 2024
12.2 Middle East and Africa Airbag Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Airbag Market size Outlook by Segments, 2021-2030
By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
Aftermarket

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Autoliv Inc
Daicel Corp
Delphi
Denso Corp
Hyosung Co.
Hyundai Mobis Co. Ltd
Kolon Industries
Nihon Plast Co. Ltd
Porcher Industries SA
Takata Corp
Toray Industries Inc
Toyobo Co. Ltd
Toyoda Gosei Co. Ltd
Wacker Chemie AG
ZF Friedrichshafen AG

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Module
Inflator
Air bag
By Type
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
By Vehicle
Passenger Vehicle
Commercial Vehicle
By Material
Polyester Fiber
Nylon
Others
By Sales Channel
OEM
Aftermarket