BANGALORE, India, Aug. 2, 2021 /PRNewswire/ — Automotive Airbags Market Product Type – Frontal Airbags, Side Airbags, Curtain Airbags, Knee Airbags, Other, Application – Sedan, SUV, Pickup Truck, Other. It is published in Valuates Reports under the Automotive Industry Category.
The global Automotive Airbags market size is projected to reach USD 15980 million by 2027, from USD 13350 million in 2020, at a CAGR of 2.8% during 2021-2027.
Major factors driving the growth of the Automotive Airbags market are:
The rise in traffic congestion and increase in vehicle density in larger cities coupled with human error during driving are anticipated to increase the demand for automotive airbags from the consumers.
The rising incidence of traffic accidents is resulting in more serious human fatalities. As a result, there is an increase in the number of consumer safety awareness initiatives. During the projected period, it will fuel the expansion of the automotive airbags market.
To double the safety features, governments in many countries are mandating OEMs to incorporate airbags in both commercial and passenger vehicles.
View Full Report: https://reports.valuates.com/reports/QYRE-Auto-21P5334/global-automotive-airbags
TRENDS INFLUENCING THE GROWTH OF AUTOMOTIVE AIRBAGS MARKET
The rise in demand for safety in vehicles from consumers is expected to drive the automotive airbags market. Increased traffic congestion and vehicle density in larger cities, as well as human mistakes when driving, are expected to increase the likelihood of car collisions. In order to be prepared for such unforeseeable events, consumers are demanding vehicles with improved safety measures. This increasing demand is compelling automakers to incorporate safety features such as airbags in their vehicles.
Increasing awareness around raider safety is expected to further propel the automotive airbags market growth. With rising awareness, consumers are opting to buy vehicles that have multiple airbags. This in turn has made various OEMs offer multiple airbags in several new models.
Furthermore, as disposable income rises, people are increasingly opting to spend more on a variety of accessible safety measures in their vehicles. It’s giving industrial behemoths access to new investment options and incorporating active and passive safety technologies into automobiles to provide consumers with a better driving experience and comfort, which will help to market growth.
Government regulation across regions is mandating installing airbags in both commercial and passenger vehicles. This in turn is expected to drive the automotive airbags market growth. With the development of sensors in vehicles to gather the information that ensures various control units interact better, the automotive airbag industry is expected to experience substantial change during the forecast period. This includes airbags, belt tensioners, and other vehicle features that can quickly detect an oncoming collision.
Increasing investments along with R&D activities by automotive manufacturers are expected to provide lucrative growth opportunities. With the development of sensors in vehicles to gather the information that ensures various control units interact better, the automotive airbag industry is expected to experience lucrative growth opportunities.
Inquire For Sample: https://reports.valuates.com/request/sample/QYRE-Auto-21P5334/Global_Automotive_Airbags_Market
AUTOMOTIVE AIRBAGS MARKET SHARE ANALYSIS
By airbag type, side & curtain airbags are projected to be the most lucrative segment. These airbags are excellent in protecting occupants in the event of a rollover collision.
Based on application, passenger cars are projected to be the most lucrative segment. The number of passenger cars is rapidly increasing worldwide, especially in the emerging economy. This can be ascribed to improved lifestyles, higher consumer purchasing power, and infrastructure development.
Based on region, Asia Pacific is expected to be one of the largest markets during the forecast period. The Asia Pacific is expected to witness high growth in the near future as it holds a tremendous potential market for vehicle production. Concerns about safety are growing, and the tiny car class is seeing an increase in the use of safety devices, particularly airbags.
Inquire For Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-21P5334/Global_Automotive_Airbags_Market
Segment by Type
Segment by Application
Joyson Safety Systems
Production by Region
Consumption by Region
Middle East & Africa
Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-21P5334/Global_Automotive_Airbags_Market
Inquire For Customization: https://reports.valuates.com/request/chaptercost/QYRE-Auto-21P5334/Global_Automotive_Airbags_Market
Buy Now for Single User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-21P5334&lic=single-user
Buy Now for Enterprise User: https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-21P5334&lic=enterprise-user
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS :
– Global Automotive Airbags and Seatbelts Market Research Report contains Market Size, Market Share, Market Dynamics, Porter’s 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Automotive Airbags and Seatbelts, Product-Type: Automotive Airbags, Automotive Seatbelts, Application: Passenger Car, Commercial Vehicle.
– Global Automotive Side Airbags Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter’s 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Automotive Side Airbags, Product-Type: Side Torso Airbags, Side Tubular or Curtain Airbags, Application: Passenger Cars, Commercial Vehicles.
– Global Automotive Knee Airbags Market Regional Analysis report offers an in depth assessment of the growth and other aspects of the Automotive Knee Airbags market in important regions including the U. S., Product: Automotive Knee Airbags, Product-Type: Nylon Type, Polyester Type, Application: OEM, Aftermarket, Region: Global.
– Automotive Safety Airbags market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Automotive Safety Airbags market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2015-2026.
– Global Airbag Systems Market Research Report . Product: Airbag Systems, Product-Type: Single Airbags, Multi Airbags, Application: Passenger Cars, Commercial Vehicles, Region: Global.
– Global Automotive Fabric Market Size, Status and Forecast 2021-2027
– Global Automotive Interior Parts Market Size, Status and Forecast 2021-2027
– Automotive Curtain Airbags Market Insights, Forecast to 2026
– Global NOx Automotive Sensors Sales Market Report 2021
– Global Automotive Sensor Technologies Market Size, Status and Forecast 2021-2027
Click Here To See Related Reports On Automotive Airbags
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp : +91 9945648335
Twitter – https://twitter.com/valuatesreports
Linkedin – https://in.linkedin.com/company/valuatesreports
Facebook – https://www.facebook.com/valuatesreports
View original content:https://www.prnewswire.com/news-releases/automotive-airbags-market-size-is-projected-to-reach-usd-15980-million-by-2027-at-a-cagr-of-2-8—valuates-reports-301345977.html
SOURCE Valuates Reports