The
Global Airbag Market
is expected to witness significant demand over the forecast period. The Global
production of airbag is about 388 million units in 2016, with revenue of 12
billion USD. The prospect of airbag industry is good in next years. The global
production of airbag is expected to be 512 million units in 2022, with a CAGR
of 5.6%. The airbag is considered one of the automotive units for safety. The
main purpose of the automobile airbag is to cushion pilot during a vehicle
accident and protect the body when the body hits the interior objects such as
vehicle steering, wheel or window. It includes the shell fabric or a cushion
designed to inflate at the time of the collision. Automotive airbags are
deployed with a sensor that activates the airbags depending on the type and
severity of the collision. A modern vehicle is designed with several airbags
located on the different side and frontal location of the person driving the
vehicle. The modern vehicle is composed of the airbag control unit that
monitors the various parts in the vehicle, such as pressure breaks, side door,
and the speed of the wheel.

Automotive
is the major end user of airbag followed by military aircraft and aerospace.
Based on a location of airbags in the market for global vehicle airbag can be
bifurcated seat cushion airbag center, rear curtain airbags, knee airbag, side
airbags and front airbags. Front airbags registered for the largest share of
the market followed by side airbags. An
increasing number of deaths in road accidents are accelerating demand for
security measures, increasing the global market for automotive airbags. In
addition, the safety rules involved by the government and rising life
expectancy are also the engine of airbag global market. Increasing disposable
income levels have influenced individuals to spend more on the safety features
in the vehicle, which further increases the demand for automotive airbags
market. In addition, increasing customer awareness of technological changes
related to safety equipment in the vehicle may act as a market player in the
coming future. The airbag technology on two wheels can provide the growth
opportunity for the market leaders.
North
America has the largest market share for a technology of the automobile airbag,
followed by Asia-Pacific and Europe. Europe is expected to register average
growth in the coming future. The US is the largest user of the technology of
the airbag because of technological advancement. The Asia Pacific region
includes Thailand, India and China. Asia Pacific is anticipated to witness
higher growth in the future expected due to the increase in domestic demand for
vehicle safety equipment added to the vehicle.
Some of the major companies operating in the global market of the
automotive airbag are Autoliv Inc., Takata Corp., Denso Corp., Toyoda, Tokai
Rika Co. Ltd., Key Safety Systems Inc., TRW Automotive Holdings Corp. and
Delphi Automotive plc. The willingness to spend more on safety equipment in the
vehicle encourages multinational enterprises to invest more in this market.
security system suppliers such as Autoliv Inc. (Sweden), Robert Bosch GmbH
(Germany), Takata Corporation (Japan), and TRW Automotive (U.S.), and have a
significant presence in the Americas. The Americas region includes Canada,
Brazil, Mexico and the United States, Mexico, Brazil, Canada, and others.
The
New Car Assessment Program of the United States (US NCAP) is a leading
information program for the US Department of Consumer National Highway Traffic
Safety Administration of Transportation (NHTSA). In the coming years, US NCAP
adjusts its rating system to reflect improvements in safety devices in American
vehicles. This will make it tougher for a vehicle to reach the highest ratings,
thereby encouraging manufacturers to produce vehicles exceeding federal safety
minimum requirements. This should have a positive effect on the airbag market.
Comments
Post a Comment