Automotive Airbag Market Set to Reach USD 27.63 Billion by 2030, Growing at a CAGR of 10.11%

Summary: The global Automotive Airbag Market is projected to grow from USD 14.08 billion in 2023 to USD 27.63 billion by 2030, with a robust compound annual growth rate (CAGR) of 10.11%. This growth is driven by increased demand for vehicle safety features, advancements in airbag technology, and regulatory requirements aimed at improving automotive safety. The market encompasses various segments, including airbag types, vehicle types, and key players in the industry.

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Market Size: The Automotive Airbag Market was valued at USD 14.08 billion in 2023. With increasing focus on passenger safety and advancements in airbag technology, the market is expected to grow at a CAGR of 10.11%, reaching USD 27.63 billion by 2030. The continued demand for enhanced vehicle safety systems and the integration of advanced airbag technologies are expected to drive significant market growth during this forecast period.

Scope and Research Methodology: The market study integrates both primary and secondary research methodologies to gather in-depth data on market trends, dynamics, and key drivers. This comprehensive approach allows for a better understanding of the automotive airbag industry, covering various segments, geographic regions, and competitive landscapes. The data was validated and triangulated through interviews with industry experts and analysis of financial reports from leading companies.

Report Coverage: The study provides a detailed examination of the automotive airbag market, including segment analysis, market projections, and key industry drivers. It also highlights the impact of COVID-19 and post-pandemic recovery strategies. The report identifies market trends, forecasts market growth, and examines regional variations and country-level insights.

Overview: Automotive airbags have become a crucial component of vehicle safety systems, designed to protect occupants in the event of a collision. The market’s growth is driven by the increasing adoption of advanced airbag systems in vehicles, which improve safety ratings and comply with government regulations across regions. Airbags are now available in different configurations, including front, side, knee, and curtain airbags, contributing to the comprehensive safety solutions in modern vehicles.

Dynamics: The demand for automotive airbags is being propelled by various factors:

  • Stringent safety regulations and consumer preference for safety features in vehicles.
  • Technological advancements, including the development of adaptive airbags and improved deployment systems.
  • The rise of electric vehicles (EVs) and their growing adoption in the global market, driving demand for new safety innovations.
  • Increased focus on reducing fatalities and injuries in accidents, especially in developing regions.

Segmentation:

  • By Types: Front Airbags, Side Airbags, Knee Airbags, Curtain Airbags
  • By Vehicle Type: Passenger Cars (PC), Light Commercial Vehicles (LCV), Buses, Trucks
  • By Module: Inflator or Gas Generator, Airbag

Key Players include:

  • ABC Group
  • ARC Automotive, Inc.
  • Am-Safe Commercial Products
  • Calsonic Kansei
  • Hyundai Mobis
  • Amphenol Corporation
  • Ashimori Industry Co., Ltd.
  • Daicel Chemical Industries Ltd.
  • Fujitsu TEN Ltd.
  • Hanwha Group

Reason to Buy:

  • Gain insights into the automotive airbag market’s current and projected size and growth.
  • Understand the dynamics and technological advancements shaping the market.
  • Access comprehensive competitive analysis and learn about key industry players.
  • Learn about regional market trends and forecasts for better strategic decisions.

Table of Contents:

  1. Executive Summary
  2. Market Overview
  3. Market Size and Growth Forecast
  4. Market Dynamics and Drivers
  5. Segmentation Analysis
  6. Regional Market Insights
  7. Competitive Landscape and Key Players
  8. Impact of COVID-19 and Post-Pandemic Recovery
  9. Conclusion and Strategic Recommendations

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