What is Global Car Airbag Market?
The Global Car Airbag Market is a vast and dynamic sector that plays a crucial role in the automotive industry. It refers to the global market of airbags used in cars for safety purposes. Airbags are safety devices designed to inflate rapidly in the event of a vehicle collision and prevent passengers from striking hard interior objects such as the steering wheel or a window. The market encompasses the production, distribution, and sales of these airbags across the globe. The value of this market was estimated at US$ 12490 million in 2023 and is projected to reach US$ 15400 million by 2030. This growth is driven by the increasing demand for safety features in vehicles, stringent safety regulations, and advancements in technology. The market is also influenced by factors such as the rate of car production, the average number of airbags in a car, and the rate of car accidents.
Frontal Airbag, Side Airbag, Curtain Airbag, Knee Airbag, Other in the Global Car Airbag Market:
The Global Car Airbag Market is segmented into Frontal Airbag, Side Airbag, Curtain Airbag, Knee Airbag, and others. Each of these segments plays a unique role in the overall market. Frontal airbags are designed to deploy in severe frontal or near-frontal crashes. They are typically located in the steering wheel and the dashboard on the passenger's side. Side airbags are installed in the side of the seat or door and are designed to protect the chest and abdomen during side-impact crashes. Curtain airbags are mounted in the roof lining above the windows and deploy downwards, covering the window entirely to protect the head during side-impact crashes. Knee airbags are located beneath the steering column and are designed to protect the legs during frontal crashes. Other types of airbags include rear curtain airbags, center airbags, and seatbelt airbags. Each type of airbag has its own market share based on its application and effectiveness.
Sedan, SUV, Pickup Truck, Other in the Global Car Airbag Market:
The Global Car Airbag Market finds its application in various types of vehicles such as Sedans, SUVs, Pickup Trucks, and others. Sedans, being the most common type of passenger car, hold the largest share of the market. The increasing demand for safety features in sedans is driving the growth of this segment. SUVs, with their increasing popularity, especially in North America, are also a significant segment of the market. The larger size and higher risk of rollover accidents in SUVs increase the need for multiple and effective airbags. Pickup trucks, which are primarily used for commercial purposes, also contribute to the market. The other segment includes vehicles like vans, minivans, and other commercial vehicles. The application of airbags in these vehicles depends on factors like the size of the vehicle, the risk of accidents, and the safety regulations in different regions.
Global Car Airbag Market Outlook:
Looking at the market outlook, the Global Car Airbag Market, which was valued at US$ 12490 million in 2023, is expected to grow to US$ 15400 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 3.0% during the forecast period from 2024 to 2030. The largest end-use industry segment of the market is the Sedan segment, which holds a 66% share of the global market. This significant share is due to the high production and sales of sedans globally, coupled with the increasing demand for safety features in these vehicles.
| Report Metric | Details |
| Report Name | Car Airbag Market |
| Accounted market size in 2023 | US$ 12490 million |
| Forecasted market size in 2030 | US$ 15400 million |
| CAGR | 3.0% |
| 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-TRW, Toyota Gosei, Nihon Plast, Hyundai Mobis, Jin Heng, Ashimori |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
