Lucintel Blog: Lucintel Forecasts Automotive Airbag Market to Reach $17.9 Billion by 2027

Friday, September 23, 2022

Lucintel Forecasts Automotive Airbag Market to Reach $17.9 Billion by 2027

According to the recent study the automotive airbag market is projected to reach an estimated $17.9 billion by 2027 from $12.3 billion in 2021, at a CAGR of 6.4% from 2021 to 2027. Growth in this market is primarily driven by governmental regulations on safety standard, increasing number of traffic fatalities, increasing awareness on vehicle safety, and development of low-cost airbags.

Browse 132 figures / charts and 48 tables in this 190 -page report to understand trends, opportunities and forecast in automotive airbag market by airbag type (front airbag, side airbag, curtain airbag, and knee airbag), by vehicle type (small cars, mid-size cars, large cars, MPV and LCV, SUV, and other vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/automotive-airbag-market.aspx

“Front airbag market is expected to remain the largest segment during the forecast period.”

Based on airbag type, the automotive airbag market is segmented into front airbag, side airbag, curtain airbag, and knee airbag. Lucintel forecasts that the front airbag market is expected to remain the largest segment due to increase in number of front crashes, which has increased the contribution of front airbags in the global automotive airbag market.

“Asia pacific will dominate the automotive airbag market in near future.”

Asia Pacific is expected to remain the largest market due to increasing light vehicle production; China will remain the leading market in terms of vehicle production. Asia Pacific and North America are expected to witness significant growth over the forecast period because of increasing penetration of airbag components in vehicles in North America due to strict vehicular safety standards & regulations.

Download Brochure of this report by clicking on https://www.lucintel.com/automotive-airbag-market.aspx.

Major players of automotive airbag market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Autoliv Inc., Joyson Safety Systems, ZF TRW Automotive Holding Corp, Toyoda Gosei Co., Ltd., and Hyundai Mobis Co., Ltd. are among the major automotive airbag providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-airbag-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

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