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Automotive Side Airbag Market

Automotive Side Airbag Market

Automotive Side Airbag Market Global Industry Assessment & Forecast

# Pages:

160

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0583

Segments Covered
  • By Product Types Side airbag, Knee airbag, Rear airbag, Pedestrian airbag
  • By Application Passenger Car, Commercial Vehicle
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 24.35 Billion
Revenue 2028Revenue 2028: 37.12 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 5.41%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst

Key Insights

The global Automotive Side Airbag market was valued at USD 24.35 Billion in 2020 and is projected to reach USD 37.12 Billion by 2028, growing at a CAGR of 5.41%% from 2021 to 2028.

Years Parameters
Historical Data (Actual Data) 2016-2020
Base Year Data 2020
Current Year Date 2021
Projected year data 2021-2026
Annual Market Size (2028) 37.12 Billion
Annual Market Size (2021)
CAGR (2021 - 2028) 5.41%%

Definition and Overview

The airbag is one of the important automotive safety devices; the automotive airbag consists of a cushion or flexible fabric envelope that is designed to inflate at the time of vehicle collision while driving. The main purpose of an automotive airbag is to cushion the driver during vehicle crash and protect the body when the body strikes the interior objects of the vehicle such as the steering, window, or wheel. Automotive airbags are one of the key passive safety systems in an automobile with the growing number of road accidents that have led to an increase in the adoption of airbags in vehicles. To minimize the fatality rate during accidents, government authorities have implemented or are implementing mandatory adoption of airbags in vehicles.


The global Automotive Side Airbag market is segmented based on by Product Types, Application, regions, and countries. The regional segmentation provides current and forecast demand across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. All the segments have been analyzed on the basis of present and future trends. Rising demand for Automotive Side Airbag  in various countries such as the U.S., Germany, China, India, and Japan, among others is likely to support the growth of the market. Numerous companies are focusing on investing heavily in this application to cater the end user requirements effectively. The report provides comprehensive analysis of the market based on drivers, restraints, opportunities, trends, competition, and industry-authenticated data. The market is estimated from 2016 to 2020 with forecast from 2021 to 2028. 

Yearly Infographics 24.35 Billion 37.12 Billion

Global Automotive Side Airbag Market: COVID-19 Impact Analysis

The COVID-19 pandemic is affecting industries worldwide and the global economy took hit in 2020 and likely in 2021 as well. The outbreak created disruptions in industries such as semiconductor, consumer electronics, travel, and automotive, among others. Impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.


The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

Market Insights

The implementation of regulations by government authorities for vehicle safety is expected to augment the global automotive side airbags market. Additionally, automotive manufactures are launching vehicle models with dual airbags that provide safety to both driver and front-seat passengers. Moreover, the governments are continuously accentuating on safety and growing awareness among the consumers has forced the automakers to introduce the safety equipment in the vehicle. Thus, the growing adoption and awareness about safety are expected to boost the automotive side airbag market in the forecast period.

The demand for efficient driving is increasing enormously as the buying power of customers is increasing across the globe. With rise in adoption of premium vehicles, the manufacturers are continually improving the quality of their safety products. By improving the thermal properties of the airbags system inflates the significantly higher volume of air for offering superior protection during the event of a crash. Moreover, the airbag fabric requires withstanding this heat without tearing. The thin layer of coating material such as silicone and neoprene will protect the fabric from the heat on account of excellent thermal resistance properties. The growing demand for premium vehicles.

The major factor that is expected to hamper the growth of the automotive side airbags market is the high replacement cost of the airbags. Similarly, the technologically advanced side airbags require a high cost of maintenance which is also projected to hamper the growth of the market. In regions, such as United States and Canada, due to the high replacement cost, counterfeit airbag market is burgeoning all over North America which is a major restraint for the market growth.

Global Automotive Side Airbag Market Report Scope

Parameter Details
Market Size Provided for Years 2016-2028
Base Year 2020
Historic Years 2016-2020
Forecast Years 2021-2028
Market Size Provided In Terms Of Revenue & Volume
Segments Covered Product Types, Application
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Countries Covered The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others
Companies Covered Toyoda Gosei Co Ltd., East Joy Long Motor Airbag, Daicel Corporation, Porcher Industries SA, Neaton Auto Products Manufacturing, Hyundai Mobis, Key Safety Systems, Denso Corporation, TRW Automotive Holdings, Delphi Automotive Plc, ZF Friedrichshafen AG, Robert Bosch GMBH, Autoliv, Takata Corporation.
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis

Market Segmentation

Product Types  Analysis: Preview

On the basis of Product Types, the market is segmented into Side airbag, Knee airbag, Rear airbag, Pedestrian airbag. Side Airbags  held the leading share in 2020 and is anticipated to grow at a noteworthy CAGR over the forecast timespan. This is due to the increasing adoption of Side Airbags in emerging economies in Asia Pacific region.

Application Analysis: Preview

Based on Application, the market is segmented into Passenger Car, Commercial Vehicle. Passenger Cars accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028. 

Global Automotive Side Airbag Market: Product Types Segment Analysis

    • Side airbag
    • Knee airbag
    • Rear airbag
    • Pedestrian airbag

Global Automotive Side Airbag Market: Application Segment Analysis

    • Passenger Car
    • Commercial Vehicle

Regional Analysis Preview

On the basis of region, the global Automotive Side Airbag market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held the largest share of the global Automotive Side Airbag market in 2020. Some of the major countries contributing to the surge in the market are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. U.S. is one of the most profitable countries for companies operating in the market. 

Market Size, 2021 (USD Billion)
North America
Europe
Asia Pacific
South America
Middle East Africa

Global Automotive Side Airbag Market: Regional Analysis

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of MEA

Competitive Landscape

The market comprises of various small, medium, and large sized players spread across all the regions. Some of the key companies operating in the global Automotive Side Airbag market are Toyoda Gosei Co Ltd., East Joy Long Motor Airbag, Daicel Corporation, Porcher Industries SA, Neaton Auto Products Manufacturing, Hyundai Mobis, Key Safety Systems, Denso Corporation, TRW Automotive Holdings, Delphi Automotive Plc, ZF Friedrichshafen AG, Robert Bosch GMBH, Autoliv, Takata Corporation.. The report provides company market share analysis which gives a comprehensive overview of the key competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.

FAQ
Frequently Asked Question
  • The global Automotive Side Airbag valued at 24.35 Billion in 2020 and is expected to reach 37.12 Billion in 2028 growing at a CAGR of 5.41%%.

  • The prominent players in the market are Toyoda Gosei Co Ltd., East Joy Long Motor Airbag, Daicel Corporation, Porcher Industries SA, Neaton Auto Products Manufacturing, Hyundai Mobis, Key Safety Systems, Denso Corporation, TRW Automotive Holdings, Delphi Automotive Plc, ZF Friedrichshafen AG, Robert Bosch GMBH, Autoliv, Takata Corporation..

  • The market is project to grow at a CAGR of 5.41%% between 2021 and 2028.

  • The driving factors of the Automotive Side Airbag include

    • The implementation of regulations by government authorities for vehicle safety is expected to augment the global automotive side airbags market. Additionally, automotive manufactures are launching vehicle models with dual airbags that provide safety to both driver and front-seat passengers. Moreover, the governments are continuously accentuating on safety and growing awareness among the consumers has forced the automakers to introduce the safety equipment in the vehicle. Thus, the growing adoption and awareness about safety are expected to boost the automotive side airbag market in the forecast period.
    • The demand for efficient driving is increasing enormously as the buying power of customers is increasing across the globe. With rise in adoption of premium vehicles, the manufacturers are continually improving the quality of their safety products. By improving the thermal properties of the airbags system inflates the significantly higher volume of air for offering superior protection during the event of a crash. Moreover, the airbag fabric requires withstanding this heat without tearing. The thin layer of coating material such as silicone and neoprene will protect the fabric from the heat on account of excellent thermal resistance properties. The growing demand for premium vehicles.

  • Asia Pacific was the leading regional segment of the Automotive Side Airbag in 2020.