Lucintel’s latest market report analyzed that automotive airbag provides attractive opportunities in the SUVs and crossovers, large cars, and mid-size cars. The automotive airbag market is expected to reach $17.9 billion by 2027 with a CAGR of 6.4%. In this market, front airbag is the largest segment by airbag type. Development of flexible venting technology, application of bioplastics materials in airbag module, development of lightweight airbag inflators, and development of low-cost airbag Electronic Control Unit provides strategic growth path in this market.
Based on airbag type, the automotive airbag market is segmented into front airbag, side airbag, curtain airbag, and knee airbag. The front airbag segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increase in number of front crashes, which has increased the contribution of front airbags in the global automotive airbag market.
Browse in-depth TOC on “Automotive Airbag Market”
48 – Tables
132 – Figures
190 – Pages
The Automotive Airbag Market is marked by the presence of several big and small players. Some of the prominent players offering automotive airbag include Autoliv Inc., Joyson Safety Systems, ZF TRW Automotive Holding Corp, Toyoda Gosei Co., Ltd., and Hyundai Mobis Co., Ltd.
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