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Global Automotive Airbags & Seat Belts Market By Airbag Type (Float Frontal, Knee, others), By Vehicle Type (Passenger Cars ,Commercial Vehicle), By Component (Airbag Inflator, Airbag, Others), By Region–Forecast & Opportunities to 2026

The global automotive airbags & seatbelts market accounted for USD 69.3 billion in 2019. Automotive airbags & seatbelts market is projected to register growth at a CAGR of 8.7% during forecast period.

COVID-19 has impacted automotive industry significantly. The supply of raw materials and finished products were affected immensely due to travel restriction and lockdown imposed by governments around the world. All the production and assembly activities were halted. The vehicles sales have been hit and experienced a major decline due corona virus outbreak. This has impacted market for automotive software around the world. The automotive software market is promoted by government as it ensures road safety and reduces pollution by emission and this market will witness growth in 2021.

Definition:

Airbag is a safety feature which can be used to prevent fatalities during collision. It is a passive safety feature which is installed in vehicle to ensure safety at the time of crash for driver and passenger both. This airbag is designed to inflate very quickly and then it deflates. It comprises of airbag cushion, inflate module and flexible fabric bag.

Market Dynamics (Drivers/Opportunities):

The government’s concern for road safety is increasing due to large number of fatalities due to accidents across the world. The government has setup certain set of rules and regulation for safety features due to rising accidents cases across the world. Airbags help in preventing causalities due to crash and ensures safety to driver and passengers. This drives growth in automotive airbags & seatbelts market during forecast period.

Awareness about importance of implementing passive safety systems in vehicle is increasing among consumers. Passive safety systems such as Seatbelt and airbags are becoming immensely popular among consumers and the demand for such systems in vehicle is very high. Even government across many regions has made some regulation for installing such systems. This drives growth in this market during forecast period.

Many vehicles come with the seatbelt alarm features in which wearing seatbelts is compulsory. Government across various countries has imposed seatbelt regulation for consumers. The awareness about using seatbelts is also growing among consumers and demand for driver and passenger seatbelts in growing. This is likely to drive growth during forecast period.

Market Insights, by Airbag Type

On the basis of airbag type, the automotive airbags & seatbelts market is segmented into frontal airbags, knee airbags and side & curtain airbags. The side & curtain airbags is estimated to register fastest growth in automotive airbags & seatbelts market. Side & curtain airbags helps in providing neck & head protection to passengers in side crash and collision. They give protection in case of rollover crash. This is likely to drive growth in side & curtain airbags.

Market Insights, by Vehicle Type

On the basis of vehicle type, the automotive airbags & seatbelts market is segmented into passenger cars, light commercial vehicle and heavy commercial vehicle. The passenger cars segment is estimated to hold largest market share during forecast period. Sales of passenger cars are increasing significantly across the world. The demand for safety features is increasing rapidly in passenger vehicles around the world as it helps in preventing causalities due to accidents. The governments across many regions have mandated installation of airbags and seatbelts in passenger cars around the world.     

Market Insights, by Components

On the basis of component, the automotive airbags & seatbelts market is segmented into airbag inflator, airbag and airbag control unit. The airbags segment is projected to hold the largest market share during forecast period. The airbag cushion help in absorbing the impact. Nylon is considered to have superior energy absorption capability. The awareness about safety is increasing rapidly among consumers and the adoption of vehicle with airbags is increasing rapidly around the world. Airbags helps in prevention of fatalities due to crash and ensure maximum safety of passenger and driver. The material advancement in airbags has made them more efficient and effective. These factors are likely to drive growth in airbags segment during forecast period.

Regional Insights

Asia-Pacific region is projected to register growth at highest CAGR during forecast period. The vehicle production is increasing immensely in this region and many companies are establishing their manufacturing units in this sector. The availability of labor and supporting government regulations are also adding in growth. The disposable income and lifestyle is growing in this region and people are adopting vehicles with advanced safety features. This is likely to drive growth in automotive airbags & seatbelts market in this region.

Key Companies & Market Share Insights

The key market players in automotive airbags & seatbelts segment are Denso, Autoliv, Continental, Aptiv, Robert Bosch, ZF Friedrichshafen, Joyson Safety Systems, Hyundai Mobis, Toshiba device Corporation, Infineon Technologies, Toyoda Gosei Co., GWR Safety Systems, Rhodius GmbH, Tokai Rika and TBH Group.

Segments Covered in the Report

This report forecasts The Global Automotive Airbags & Seatbelts Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global automotive airbags & seatbelts market report on the basis of airbag type, vehicle type, and components.

Automotive Airbags & Seatbelts
Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Automotive Airbags & Seatbelts Market, By Airbag Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Float Frontal Airbags
  • Knee Airbags
  • Side & Curtain Airbags
  1. Automotive Airbags & Seatbelts Market, By Vehicle Type, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Passenger Cars
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  1. Automotive Airbags & Seatbelts Market, By Component, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Airbag Inflator
  • Airbag
  • Airbag Control Unit
  1. Automotive Airbags & Seatbelts Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Airbag Type
    • By Vehicle Type
    • By Component
    • By Country
      • USA
        • By Vehicle Type
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Airbag Type
      • By Vehicle Type
      • By Component
      • By Country
        • Brazil
          • By Vehicle Type
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Airbag Type
        • By Vehicle Type
        • By Component
        • By Country
          • UK
            • By Vehicle Type
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Airbag Type
          • By Vehicle Type
          • By Component
          • By Country
            • China
              • By Vehicle Type
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Airbag Type
            • By Vehicle Type
            • By Component
            • By Country
              • Saudi Arabia
                • By Vehicle Type
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • TBH Group
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Denso
    • Autoliv
    • Continental
    • Aptiv
    • Robert Bosch
    • ZF Friedrichshafen
    • Joyson Safety Systems
    • Hyundai Mobis
    • Toshiba device Corporation
    • Infineon Technologies
    • Toyoda Gosei Co.
    • GWR Safety Systems
    • Rhodius GmbH
    • Tokai Rika
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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