Honda Motor Co., Ltd, Mugen Denko Co., Ltd., Dainese S.p.A., and Helite Moto, among others are among the major players in the global motorcycle airbag industry.
The global motorcycle airbag market is anticipated to grow at a CAGR of 21.8% in the forecast period of 2022-2027.
A motorcycle airbag system is a safety system built in motorcycles to protect the riders and save them in an accident. The airbag inflates in case of an accident before the rider hits the ground, providing impact protection to the vulnerable areas in a motor crash, that is, back, neck, and chest. These wireless and tethered airbags are available in the form of vests or jackets or integrated within a jacket or a race suit.
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Regionally the motorcycle airbag system market is expected to grow significantly in the Asia Pacific region in the forecast period owing to the rapid sales of motorcycles, initiatives by the government over vehicular safety, and increasing consumer disposable incomes in the region.
As far as the type of coating is concerned, the silicone-coated airbag systems are expected to be more relevant than the neoprene-coated and uncoated airbags. This can be attributed to the fact that silicone coating allows rapid deployment of airbags and decreases air permissibility. It also shows high resistance against heat and pressure, protecting the airbag itself from various damages. The above factors are responsible for the growth of silicone-coated airbag systems.
Headquarters: Tokyo, Japan
From motorcycles to aircraft and jet engines, Honda has its hands spread on various markets, being a formidable player in each one of them. Honda manufactures a wide range of motorcycles, and in 2017 it accumulated a net production of 100 million units, affirming its position as the leader of the motorcycle market. Apart from motorcycles, the company also deals in automobiles, new technology, and aircraft and engines. As of March, 2022, the company has a market cap of USD 51.89 billion.
The Japanese company specialises in the manufacture of air jackets for motorcycle riders and horse riders and is one of the leading players in the industry. The company is involved in the manufacture of several types of airbags, such as all-in-one airbags, race model airbags, and neck airbags. The all-in-one airbag is just another wearable over an ordinary jacket or raincoat, helping minimise the contact area with the impact. As the name suggests, the race model airbag is used in races to protect all the vulnerable areas during a race, and the neck airbags are used as a shock-buffering system to protect the neck region.
Dainese is the Italian manufacturer of protective equipment and technical gear for dynamic sports, which includes motorcycling, horse-riding, mountain biking, and winter sports. The company was founded by Lino Dainese back in the 70s and was taken over by Investcorp of Bahrain for 130 million euros in 2014. The Dainese Group helmets are branded as the popularly known AGV, while the suits, jackets, pants, boots, and other accessories are branded under the name of Dainese. While the headquarters are in Italy, they also have regional offices in California, the United States, and Hong Kong.
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