According to the latest
report published by Variant Market
Research, the global airbag market size is projected to reach $41.5 Billion by
2024 from $20.3 Billion in 2016. In
this report, airbag market forecast says that the global market is growing at 9.3% CAGR from 2016 to 2024.
Growing urbanization to uplift
growth of the global market
The global airbag market trend covers rising number of vehicles on road, growing urbanization, and
increase in alertness to passenger’s safety. However, driverless cars may
limit the airbag market growth. Furthermore, development of smart airbag technology is expected to create new opportunities for
players of the market.
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Market Segmentations
The global airbag market is classified into type, and geography. Type segment includes front airbag, side airbag, knee airbag, and curtain airbag. North America (U.S., Mexico, and Canada), Europe
(France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and
Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the
key geographical regions included in this market.
In 2016, front airbag in the type segment dominated the global market with
maximum market share. Front airbag is installed in steering wheel and
the front side of passenger to guard the chest and head, this factor is driving
the growth of front airbag segment.
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Content (TOC) @ https://www.variantmarketresearch.com/report-categories/automotive/airbag-market/toc
Europe was leading region in the
global market in 2016
Europe held major market share of 32% in 2016, due to growing
concern for safety as well as rising sophistication of systems. Furthermore, North America
is expected to attain the fastest CAGR during the forecast period, due to
stringent vehicular safety standard and regulation.
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browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/automotive/airbag-market
Competitive Landscape
Key players are offering innovative products and services to increase
their airbag market share. Major players of the market are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Denso
Corporation, Toyoda Gosei Co., Ltd., Key Safety Systems Inc, Takata
Corporation, Hyundai Mobis Co. Ltd., TRW automotive, and Autoliv Inc., among others.
Scope of the Global
Airbag Market
Type Segment
- Front
Airbag
- Side
Airbag
- Knee
Airbag
- Curtain
Airbag
Geography Segment
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Others
- Asia
Pacific
- China
- India
- Japan
- South
Korea
- Others
- RoW
- South
America
- Middle
East
- Africa
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Insurance (BFSI). Our expertise are data triangulation, competitor
benchmarking, parent market benchmarking, estimating market size and forecast
of the market from 2016 to 2024.
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