Automotive Airbag Market By Type (Driver Front Airbag, Passenger Front Airbag, Side Airbag, Knee Airbag, and Others), By Application (Passenger Cars and Commercial Vehicles), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Automotive airbags are strategically placed within the interiors of a vehicle and are deployed in the event of an accident or collision. The airbags act as cushions to lessen the impact of the crash, absorb the resultant implications, and attempt to minimize the risks of life-threatening injuries. Airbags are generally fitted in the steering wheel and dashboard for the driver and front passenger respectively. In recent times, airbags are also being fitted as knee and side compartments for additional safety.

The Automotive Airbag market was valued at 49.8 billion US$ in 2022 and is projected to reach 88.8 billion US$ by 2030, at a CAGR of 7.5% during the forecast period.

Automotive Airbag Market Revenue by, 2022-2030

Market Dynamics

The rising instances of road accidents spurring safety awareness among drivers and stringent implementation of road safety measures are the primary factors driving the market growth. As the number of road accidents increased to a worrying level, the use of airbags ensures a level of safety from high-impact collisions that can cause severe damage, especially to the head and neck. The airbags protect the driver from experiencing any head-on collision in the event of an accident. The airbags are also useful in cushioning the fall of occupants inside an automotive in cases of a vehicle rollover, which have a higher fatality rate than other kinds of accidents. The rising awareness among drivers concerning the safety and well-being of fellow passengers has led to the consistent adoption of airbags in automobiles, which would improve the growth prospects of the market. The implementation of strict road safety and driving rules have also led to growth in product demand, boosting the market growth. However, issues of quick deployment and effectiveness of airbags in allaying injuries might hamper the market growth. The possibilities of technical glitches in the rapid deployment of airbags present a severe challenge to product adoption. The effectiveness of airbags against minimizing bodily injuries also puts in doubt the performance of products, which might also act as a barrier to market growth. The technological advancement and development of airbags would provide lucrative opportunities for the market in the coming years. The continued efforts of research & development focused on the enhancement of product performance, and overall effectiveness would provide crucial manufacturers with new possibilities of product application and business expansion over the forecast period.

Market Segmentation

The global Automotive Airbag market is mainly classified based on Type and Application. Type is segmented into Driver Front Airbag, Passenger Front Airbag, Side Airbag, Knee Airbag, and Others. By Application, the market is divided into Passenger Cars and Commercial Vehicles.

The Driver Front Airbag by Type holds a considerable share in terms of overall market value owing to the high risks of injury sustained by the driver in case of road accidents. The drivers also risk maximum exposure to high-impact collisions, which might be life-threatening. It is also vital to minimize the chances of injuries sustained for drivers, which would bolster demand and boost the segment growth.

In terms of volume, the Passenger Cars consumption by Application is poised to garner 731.2 Million Units; growing at a CAGR of 8.9% during forecast period. The consistent rise in the sale of passenger cars has led to the demand for airbags, boosting the segment growth. The rising awareness concerning the safety and security of airbags has also renewed product interest among consumers, which would influence the growth of the segment in the coming years.

Regional Analysis

Based on geography, the global Automotive Airbag market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, Russia, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America. At the same time, the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-Pacific is a leading region in terms of overall production volume owing to the establishment of manufacturing facilities that cater to the particular needs of automotive companies. The easy accessibility to raw material components and the availability of cheap labor would continue to improve the growth prospects of the regional market.

Competitive landscape

The Automotive Airbag market is highly consolidated, with several key players operating with expansive manufacturing capabilities and extensive product distribution networks. The global reach of companies with product delivery in remote parts of emerging economies further strengthens the secure market positioning of the players.

Key players operating in the Automotive Airbag industry include Autoliv, Inc., Joyson Safety Systems, ZF TRW Automotive Holdings Corp., Toyoda Gosei Co., Ltd., Hyundai Mobis Co., Ltd., Nihon Plast Co., Ltd., Ashimori Industry Co., Ltd., Daicel Corporation, and Sumitomo Corporation.

The launch of new products after thorough innovation and development and diversification of business opportunities through strategic collaborations are the primarily followed business strategies of top players looking to capture substantial share during the forecast period.

Automotive Airbag Market Key Segments:

By Type
• Driver Front Airbag
• Passenger Front Airbag
• Side Airbag
• Knee Airbag
• Others

By Application
• Passenger Cars
• Commercial Vehicles

Key Global Automotive Airbag Industry Players
• Autoliv, Inc.
• Joyson Safety Systems
• ZF TRW Automotive Holdings Corp.
• Toyoda Gosei Co., Ltd.
• Hyundai Mobis Co., Ltd.
• Nihon Plast Co., Ltd.
• Ashimori Industry Co., Ltd.
• Daicel Corporation
• Sumitomo Corporation

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Automotive Airbag Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising instances of road accidents spurring safety awareness among drivers
3.3.2. Stringent implementation of road safety measures
3.4. Restraints
3.4.1. Issues of quick deployment and effectiveness of airbags in allaying injuries
3.5. Opportunity
3.5.1. Technological advancement and development of airbags
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Driver Front Airbag
4.2.1. Market Size & Forecast
4.3. Passenger Front Airbag
4.3.1. Market Size & Forecast
4.4. Side Airbag
4.4.1. Market Size & Forecast
4.5. Knee Airbag
4.5.1. Market Size & Forecast
4.6. Others
4.6.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Passenger Cars
5.2.1. Market Size & Forecast
5.3. Commercial Vehicles
5.3.1. Market Size & Forecast

6. Automotive Airbag Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Automotive Airbag Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Automotive Airbag Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Russia
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Automotive Airbag Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Automotive Airbag Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Automotive Airbag Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Autoliv, Inc.
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Autoliv, Inc. Product Category, Application, and Specification
7.1.3. Autoliv, Inc. Financial Performance (2015-2019)
7.1.4. Main Business/Business Overview
7.2. Joyson Safety Systems
7.3. ZF TRW Automotive Holdings Corp.
7.4. Toyoda Gosei Co., Ltd.
7.5. Hyundai Mobis Co., Ltd.
7.6. Nihon Plast Co., Ltd.
7.7. Ashimori Industry Co., Ltd.
7.8. Daicel Corporation
7.9. Sumitomo Corporation