Global Automotive Airbag Market 2024-2028
The automotive airbag market is forecasted to grow by USD 5889 mn during 2023-2028, accelerating at a CAGR of 7.49% during the forecast period. The report on the automotive airbag market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rise in global vehicle production, a growing focus on vehicle safety, and rising awareness of the benefits of airbags.
Technavio's automotive airbag market is segmented as below:
By Type
By Vehicle Type
- Passenger cars
- Commercial vehicles
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the increasing advancements in airbag technologies as one of the prime reasons driving the automotive airbag market growth during the next few years. Also, an increase in recent development and strategic partnership among vendors and a growing focus on sustainable airbag solutions will lead to sizable demand in the market.
The report on the automotive airbag market covers the following areas:
- Automotive airbag market sizing
- Automotive airbag market forecast
- Automotive airbag market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive airbag market vendors that include Analog Devices Inc., ARC Automotive, Inc, Ashimori Industry Co. Ltd., Autoliv Inc., Continental AG, Daicel Corp., DENSO Corp., Dorman Products Inc., Hyundai Motor Group, Infineon Technologies AG, Joyson Safety Systems Aschaffenburg GmbH, Kolon Industries Inc., Mitsubishi Electric Corp., Nihon Plast Co. Ltd., NXP Semiconductors NV, Robert Bosch GmbH, Stellantis NV, TaiHangChangQing Automobile Safety System Co. Ltd., Toyoda Gosei Co. Ltd., Yanfeng International Automotive Technology Co. Ltd., and ZF Friedrichshafen AG. Also, the automotive airbag market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.