Global Automotive Driver Airbag Module Market was valued at $27.6 billion in 2020, and is projected to reach $47.0 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030.
Automotive Driver Airbag Module market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlights on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.
When an accident happens, an airbag is a component of the vehicle’s safety restraint system that immediately fills with air. They are soft pillow-like balloons with a sensor and an inflating mechanism that can be bagged and folded into the steering wheel, dashboard, seat, door, or roof. The primary function of an airbag is to protect the body from impacting interior vehicle components such as the steering wheel or a window during a car collision. In the case of a collision, the sensors within the car provide accurate information to the airbag electronic controller unit (ECU), such as the kind of collision, angle of impact, and severity of impact. The crash algorithm in the airbag ECU evaluates the impression of an impact and activates numerous igniting circuits to deploy one or more airbag modules within the car. A contemporary automobile is constructed with numerous airbags, each on a separate side of the vehicle and in front of the driver.
Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Automotive Driver Airbag Module market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.
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Covid 19 Impact: –
The COVID-19 situation is causing concern in all markets, especially the car industry. The closure of assembly factories and large-scale manufacturing disruptions have resulted in a drop in worldwide demand for vehicles, harming the airbag industry indirectly. Governments in several regions declared absolute lockdown and the temporary suspension of industry, resulting in border restrictions that hampered the flow of transport and logistical services. The COVID-19 health problem compelled the automobile sector to seek other sources and prioritise import substitution in their manufacturing and supply chain operations. However, market operators’ total service operations have seen a steady and favourable rebound in the coming months, with an increase in passenger car sales, which leads to an increase in demand for the airbag market. According to the current situation, the globe is slowly returning to normalcy; with new restrictions and laws, a major rebound in product sales throughout the retail sector may favourably affect the airbag market thanks to the latest technical developments in vehicle safety.
Market Segmentation:
By Types
Front Airbag Module
Knee Airbag Module
Side Airbag Module
Curtain Airbag Module
By Applications
Passenger Cars
Commercial Vehicles
By Regions
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
Key Player:
Autoliv (Sweden)
Continental (Germany)
Denso (Japan)
Joyson Safety Systems (USA)
Bosch (Germany)
Toyoda Gosei (Japan)
Hyundai Mobis (Korea)
Nihon Plast (Korea)
S&T Motiv (Japan)
Regional Analysis:
The automobile airbag industry is predicted to expand steadily. Increased manufacturing of passenger cars and light trucks in the United States will boost sales. According to the International Organisation of Motor Vehicle Manufacturers, passenger and commercial vehicle manufacturing in the United States totalled around 21,084,417 units in March 2021. According to the study, the U.S. automotive market is virtually back to pre-pandemic levels, with a 68.3% gain in March. Hyundai and Chevrolet, both industry stalwarts, claimed record premium passenger vehicle sales, with 159.5% and 39.2% increases, respectively.
Over the projected period, rising demand for curtain airbags in the United Kingdom is expected to fuel market expansion. Rising electric car sales and technical improvements in the European automotive sector are increasing the need for automotive airbags. Along with rising sales of electric vehicles, government initiatives to ensure passenger safety will move the sector ahead. The European Commission announced funding for airbag valve technology in 2020, which includes a customised safety airbags effort to develop better passenger car safety technologies.
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
- Provision of market value (USD Billion) data for each segment and sub-segment.
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
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Key Points:
- Define, describe and forecast Automotive Driver Airbag Module market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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