Germany Airbag Systems Market Report and Forecast 2024-2032

Germany Airbag Systems Market Outlook

The Germany airbag systems market size reached approximately USD 1.90 billion in 2023. The market is assessed to grow at a CAGR of 5.60% between 2024 and 2032, reaching a value of nearly USD 3.10 billion by 2032.

Key Trends in the Market

An airbag system is a safety feature that protects vehicle occupants during a collision or sudden deceleration. It is typically made up of nylon and plays a crucial role in occupant restraint safety systems.

• Germany is one of the largest automotive manufacturers in the world, and it is home to several leading players such as Audi, BMW, and Volkswagen, among others. This is boosting installations of airbag systems to enhance the safety of vehicles and increase cushioning around the head, spine, and neck of occupants.

• One of the key Germany airbag systems market trends include the introduction of stringent government regulations aimed at surging the safety of vehicle occupants.

• The increasing number of road accidents is raising the requirement to improve the safety of vehicle occupants, thus driving the adoption of airbag systems. The Germany airbag systems market growth can also be attributed to technological advancements and innovations aimed at minimising the risk of injury to occupants while reducing the impact during a crash.

Market Analysis

On the basis of component type, the Germany airbag systems market segmentation includes airbag module, crash sensor, and monitoring unit, among others. By coating type, the market is divided into neoprene coat, silicone coated, and non-coated, among others.

Based on vehicle type, the market is categorised into passenger car and commercial vehicle. The market, on the basis of sales channel, is divided into original equipment manufacturer (OEM) and aftermarket.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Germany airbag systems market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Robert Bosch GmbH  

• Continental AG

• Denso Corporation  

• Autoliv Inc.  

• ZF Friedrichshafen AG  

• Ningbo Joyson Electronic Corp. (Joyson Safety Systems) 

• Daicel Corporation

• Ashimori Industry Co., Ltd

• Kolon Industries, Inc.

• Infineon Technologies AG  

• Others

Market Share by Component Type

As per the Germany airbag systems market analysis, airbag modules account for a considerable market share as they are responsible for receiving the signals from the collision sensor. After the signals are transmitted to the airbag sensors, airbags come into effect to provide safety to the passengers.

Several players in the country are investing heavily in the R&D of airbag modules to decrease airbag system response time and increase passenger car safety. The development of lightweight fabric-housing knee airbag modules that increases the security of passenger cars and enables manufacturers to optimise the interior design requirements by decreasing the weight and cost related to the airbag modules is expected to aid the segment’s growth.

Market Share by Vehicle Type

Passenger cars represent a substantial portion of the Germany airbag systems market share due to the introduction of stringent regulations aimed at surging the safety of passenger cars and increasing the awareness of road safety among car buyers. Consumers also prefer cars with high safety ratings and airbags that can reduce occupant injury during accidents.

In Germany, the adoption of electric passenger vehicles is significantly increasing amid the growing environmental consciousness, stringent carbon emission standards, and rising awareness regarding the benefits of EVs. This is boosting the demand for airbag systems in passenger EVs that can offer improved protection to vehicles and different seating positions.

Competitive Landscape

Robert Bosch GmbH, commonly known as Bosch, is a multinational engineering and technology company based in Gerlingen, Germany. It was founded in 1886 and has grown into one of the world's largest and renowned technology companies. Bosch operates in various sectors, including automotive, industrial technology, and energy and building technology.

Continental AG is a German automotive manufacturing company specialising in the production of various automotive components, systems, and technologies. Founded in Hanover, Germany, in 1871, Continental has established itself as one of the largest automotive suppliers in the world.

Denso Corporation is an automotive components manufacturer headquartered in Aichi, Japan. The company was founded in 1949 and has emerged as a leading provider of automotive systems and technologies. Denso is a key player in the automotive sector, producing a wide range of products for various vehicle types, including passenger cars, commercial trucks, motorcycles, and agricultural machinery.

Other major Germany airbag systems market players are Autoliv Inc., ZF Friedrichshafen AG, Ningbo Joyson Electronic Corp. (Joyson Safety Systems), Daicel Corporation, Ashimori Industry Co., Ltd, Kolon Industries, Inc., and Infineon Technologies AG, among others.

Key Highlights of the Report