Global Airbag Market Growth 2023-2029

Global Airbag Market Growth 2023-2029

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.

The airbag provides an energy-absorbing surface between the vehicle's occupants and a steering wheel, instrument panel, body pillar, headliner, and windshield. Modern vehicles may contain multiple airbag modules in various configurations, including, driver, passenger, side-curtain, seat-mounted side-impact, knee bolster, inflatable seat belt, front right- and left-side sensor, and pedestrian airbag modules.

LPI (LP Information)' newest research report, the “Airbag Industry Forecast” looks at past sales and reviews total world Airbag sales in 2022, providing a comprehensive analysis by region and market sector of projected Airbag sales for 2023 through 2029. With Airbag sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Airbag industry.

This Insight Report provides a comprehensive analysis of the global Airbag landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Airbag portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Airbag market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Airbag and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Airbag.

The global Airbag market size is projected to grow from US$ 12070 million in 2022 to US$ 13740 million in 2029; it is expected to grow at a CAGR of 13740 from 2023 to 2029.

The top four manufacturers of airbags in the world are Autoliv, Joyson Safety Systems, ZF-TRW and Toyota Gosei.

This report presents a comprehensive overview, market shares, and growth opportunities of Airbag market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Frontal Airbags
Side Airbags
Curtain Airbags
Knee Airbags
Others

Segmentation by application
Sedan
SUV
Pickup Truck
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Autoliv
Joyson Safety Systems
ZF-TRW
Toyota Gosei
Hyundai Mobis
Nihon Plast
Ashimori
Jin Heng

Key Questions Addressed in this Report

What is the 10-year outlook for the global Airbag market?

What factors are driving Airbag market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Airbag market opportunities vary by end market size?

How does Airbag break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.