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The global automotive airbags market attained a value of about USD 12.75 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 9.57% to reach nearly USD 22.06 billion by 2027.
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The rising demand for convenient driving among youth is driving the market for automotive airbags. Airbags provide head and neck protection to occupants in case of collision of vehicles. It gives protection to passengers in case of a rollover crash. As a result, the increasing focus on safety while driving is a significant factor boosting the market. Geographically, Asia Pacific is a significant region contributing to the market growth of automotive airbags because of the increasing manufacturing of vehicles in countries like South Korea and Japan, among others. In addition to this, growing consumer awareness for occupant protection against vehicle crashes is another reason propelling the growth of the market. Moreover, the increasing development of advanced airbag systems is expected to be a major factor enhancing the growth of the global market.
An airbag is a vehicle safety device that comprises a cushion designed to inflate rapidly and protect passengers in case of collision or accident. Airbag helps in decreasing the amount of force impacting a person's head.
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On the basis of airbag type, the market can be classified into:
Based on vehicle type, the market can be segmented into:
The market can be broadly categorised based on its sales channel into:
The EMR report looks into the regional markets of automotive airbags like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growth in the global market for automotive airbags is being driven by the flourishing automotive sector. Rising innovations and the introduction of advanced features in new vehicle models is augmenting the automotive sector, thereby adding impetus to the market growth of automotive airbags. This can be associated with the implementation of stringent government regulations pertaining to the deployment of airbags in new vehicles. In addition, advancements in ADAS system is further propelling the market for automotive airbags in personal vehicle applications. Furthermore, with the development of autonomous vehicles, the market is likely to witness robust growth during the forecast period as well. In line with this, increasing partnerships between automotive manufacturers and companies inbolved in the production of airbags is anticipated to stimulate the market in the coming years. Moreover, factors such as rising consumer awareness, willingness to spend on vehicular security and protection systems, and rising per capita disposable incomes are expected to play a significant role in determining the growth of the market during the forecast period.
The report presents a detailed analysis of the following key players in the global automotive airbags market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
REPORT FEATURES | DETAILS |
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Base Year | 2022 |
Historical Period | 2018-2022 |
Forecast Period | 2023-2028 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Airbag Type |
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Breakup by Vehicle Type |
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Breakup by Sales Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Automotive Airbags Market Analysis
8.1 Key Industry Highlights
8.2 Global Automotive Airbags Historical Market (2018-2022)
8.3 Global Automotive Airbags Market Forecast (2023-2028)
8.4 Global Automotive Airbags Market by Airbag Type
8.4.1 Knee
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Front
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Curtain and Side
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Automotive Airbags Market by Vehicle Type
8.5.1 Passenger Cars
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Commercial Vehicle
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Automotive Airbags Market by Sales Channel
8.6.1 OEM
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Aftermarket
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Automotive Airbags Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Automotive Airbags Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Automotive Airbags Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Automotive Airbags Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Automotive Airbags Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Automotive Airbags Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Joyson Safety Systems Aschaffenburg GmbH
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Autoliv Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 TOYODA GOSEI Co., Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 ZF Friedrichshafen AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Automotive Airbags Market: Key Industry Highlights, 2018 and 2028
2. Global Automotive Airbags Historical Market: Breakup by Airbag Type (USD Billion), 2018-2022
3. Global Automotive Airbags Market Forecast: Breakup by Airbag Type (USD Billion), 2023-2028
4. Global Automotive Airbags Historical Market: Breakup by Vehicle Type (USD Billion), 2018-2022
5. Global Automotive Airbags Market Forecast: Breakup by Vehicle Type (USD Billion), 2023-2028
6. Global Automotive Airbags Historical Market: Breakup by Sales Channel (USD Billion), 2018-2022
7. Global Automotive Airbags Market Forecast: Breakup by Sales Channel (USD Billion), 2023-2028
8. Global Automotive Airbags Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Automotive Airbags Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Automotive Airbags Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Automotive Airbags Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Automotive Airbags Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Automotive Airbags Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Automotive Airbags Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Automotive Airbags Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Automotive Airbags Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Automotive Airbags Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Automotive Airbags Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Automotive Airbags Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Automotive Airbags Market Structure
In 2021, the global automotive airbags market attained a value of about USD 12.75 billion.
The market is estimated to grow at a CAGR of 9.57% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 22.06 billion by 2027.
The major drivers of the industry, such as the rising disposable incomes, growing retail sector, rising government regulations, and increasing technological innovations, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing investments by key players in the market and increasing demand for safer and more convenient driving.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of automotive airbags are knee, front, and curtain and side, among others.
The significant vehicle types of automotive airbags are passenger cars and commercial vehicles, among others.
The leading sales channels of automotive airbags include OEM and aftermarket.
The major players in the industry are Joyson Safety Systems Aschaffenburg GmbH, Autoliv Inc., TOYODA GOSEI Co., Ltd., and ZF Friedrichshafen AG, among others.
The global automotive airbags market attained a value of about USD 12.75 billion in 2021, driven by rising technological innovations and government regulations. Aided by the rising consumer awareness of passengers’ protection, the market is expected to witness further growth in the forecast period of 2023-2028, growing at a CAGR of 9.57%. The market is assessed to reach USD 22.06 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on airbag type, the market can be segmented into knee, front, and curtain and side, among others. Based on vehicle type, the market is categorised into passenger cars, and commercial vehicle, among others. On the basis of sales channels, the market is segmented as OEM and aftermarket. The major regional markets for automotive airbags are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Joyson Safety Systems Aschaffenburg GmbH, Autoliv Inc., TOYODA GOSEI Co., Ltd., and ZF Friedrichshafen AG, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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