What is Global Automotive Airbags and Seatbelts Market?
The Global Automotive Airbags and Seatbelts Market is a comprehensive study of the worldwide market trends and growth prospects for automotive airbags and seatbelts. This market is an essential part of the global automotive industry, focusing on the safety features of vehicles. Airbags and seatbelts are crucial components of any vehicle, designed to protect the occupants in the event of a collision or sudden stop. The market encompasses the production, distribution, and sales of these safety features across the globe. It includes various types of airbags such as frontal, side, knee and curtain, and seatbelts like 2-point and 3-point. The market analysis provides insights into the latest technologies, trends, and potential areas of growth within this sector.
Automotive Airbags, Automotive Seatbelts in the Global Automotive Airbags and Seatbelts Market:
Automotive airbags and seatbelts are integral safety features in vehicles. Airbags are designed to inflate rapidly during an automobile collision, preventing occupants from striking interior objects such as the steering wheel or a window. Different types of airbags provide protection to different parts of the occupant's body. For instance, frontal airbags protect the head and chest, while side airbags protect the head, neck, and chest in side impacts. On the other hand, seatbelts are designed to secure the occupant of a vehicle against harmful movement that may result from a collision or a sudden stop. A seatbelt reduces the likelihood of death and serious injury in a traffic collision by reducing the force of secondary impacts with interior strike hazards, by keeping occupants positioned correctly for maximum effectiveness of the airbag and by preventing occupants being ejected from the vehicle.
Passenger Car, Commercial Vehicle in the Global Automotive Airbags and Seatbelts Market:
The Global Automotive Airbags and Seatbelts Market is not just limited to personal cars but extends to commercial vehicles as well. In passenger cars, airbags and seatbelts are standard safety features. They are designed to protect the driver and passengers during a collision, reducing the risk of injury or death. In commercial vehicles, such as trucks and buses, the use of airbags and seatbelts is equally important. These vehicles are often larger and heavier than passenger cars, which can increase the risk of severe injuries in the event of a crash. Therefore, the presence of airbags and seatbelts in commercial vehicles is crucial to ensure the safety of the driver and passengers. The market for these safety features in commercial vehicles is growing, driven by increasing awareness about road safety and stringent government regulations.
Global Automotive Airbags and Seatbelts Market Outlook:
Looking at the market outlook, the Global Automotive Airbags and Seatbelts Market was valued at a significant US$ 16200 million in 2023. It is projected to reach an impressive US$ 29630 million by 2030, growing at a steady compound annual growth rate (CAGR) of 8.9% during the forecast period from 2024 to 2030. Autoliv, a key player in the market, holds a substantial share of 39%. The Asia-Pacific region dominates the market with a 45% share, and this dominance is expected to continue in the forecast period.
| Report Metric | Details |
| Report Name | Automotive Airbags and Seatbelts Market |
| Accounted market size in 2023 | US$ 16200 million |
| Forecasted market size in 2030 | US$ 29630 million |
| CAGR | 8.9% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Autoliv, Joyson Safety Systems, ZF, Toyoda Gosei, Tokai Rika, Nihon Plast, Hyundai Mobis, Wonder Auto Group, Ashimori, Taihang Changqing, Hualida, Songyuan |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
