Automotive Side Airbag Market
Automotive Side Airbag Market Global Industry Assessment & Forecast
#
Pages:
160
2021
Nov - 2021
VMR-2021-0583
Segments Covered
By
Product Types Side airbag, Knee airbag, Rear airbag, Pedestrian airbag
-
By
Application Passenger Car, Commercial Vehicle
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
24.35 Billion |
 Revenue 2028:
|
37.12 Billion |
 Revenue CAGR
(2021 - 2028): |
5.41% |
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
Research Methodology: Automotive Side Airbag Market - Global Market Assessment, 2021 - 2028
Automotive Side Airbag Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Automotive Side Airbag market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Automotive Side Airbag market.
FAQ
Frequently Asked Question
What is the global demand for Automotive Side Airbag in terms of revenue?
-
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%%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 5.41%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Automotive Side Airbag in 2020.
