The automobile airbag is made of a flexible fabric envelope or a cushion designed to deploy at the time of the collision of the vehicle while driving. Airbag control unit is implemented with a sensor that activates the airbags depending on the type and severity of the collusion. The increasing demand for passenger cars and technological advances in the automotive industry are expected to drive the market in the coming years.
Airbag Control Unit Market Size and Growth Rate:
Airbag Control Unit Market was valued at USD xx million in 2017 and projected to reach USD xx million by 2022 growing at a CAGR of xx% during the forecast period 2017 to 2022.
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Airbag Control Unit Market Growth Drivers and Restraints:
Increased customer awareness of the technological changes related to vehicle safety equipment may provide momentum for the market in the future. The willingness of customers to spend more on safety equipment in the vehicle is pushing multinationals to invest more in this market.
Two-wheel air bag technology can provide growth opportunities for market leaders.
Geographic Overview of Airbag Control Unit Market:
Europe is about to exit the recession and is expected to experience average growth in the future. The Asia Pacific region is expected to record the strongest growth in the foreseeable future due to increased domestic demand for vehicles equipped with additional security equipment.
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Key Players of Airbag Control Unit Market:
Some of the leading market players of Airbag Control Unit Market are Hyundai Mobis, Nihon Plast, Jinheng, Ashimor, ZF, Takata, AUTOLIV, Toyoda Gosei, KSS and others.
Airbag Control Unit Market Segmentation:
By Types:
- Driver Front Airbag
- Passenger Front Airbag
- Front Side Airbag
- Rear Side Airbag
- Center Airbag
- Knee Airbag
By Applications:
- Passenger Vehicle
- Commercial Vehicle
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
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