Automotive Airbag Market Size | 10.11% CAGR Forecast 2029 | Hanwha Group, Hyosung Corporation, Hyundai Mobis

Automotive Airbag Market to Reach $25.1 B i ll i o nb y 2029, Dr i v e nb y S a f e t y R e gu l a t i o n G ro wt h$

The global automotive airbag market is projected to reach US 25.10 billion by 2029, reflecting a significant growth of 10.11% CAGR from 2022 according to a new report by Maximize Market Research. This growth is fueled by increasing safety regulations mandating airbags in all vehicle types.

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Market Overview

Maximize Market Research provides valuable insights into the global automotive airbag market. This report explores current trends, key drivers, potential challenges, and future opportunities, empowering manufacturers and stakeholders to make informed decisions in this evolving market.

Market Scope

The report equips readers with a deep understanding of the market landscape, including factors influencing growth, a competitive analysis, and valuable data to support strategic planning and market entry.

Segmentation

The global automotive airbag market is segmented to provide a granular view of market dynamics:

By Vehicle Type: Passenger cars are expected to dominate the market due to the growing demand for safety features in personal vehicles.
- Side-impact and curtain airbags are becoming increasingly necessary to meet safety standards for head and chest protection, particularly in luxury cars.
By Type: The need for airbags, especially curtain airbags, is rising due to stricter safety regulations.
- Curtain airbags, designed to protect occupants from all directions, are projected to hold a significant share of the market.
- Their growing adoption in minicars, luxury sedans, and heavy-duty vehicles is a key driver.

Market Players

The report analyzes the competitive landscape, identifying prominent players in the global automotive airbag market:

Major players include global giants like ABC Group, Am-Safe Commercial Products, and Daicel Chemical Industries.
The report also highlights emerging players like East Joy Long Airbag Motor and Gaotian (Shanghai) Automobile Safety Device.

Regional Analysis

The report segments the market geographically, examining key countries and their growth potential:

Asia Pacific is expected to witness the fastest growth due to rapid urbanization and a growing middle class demanding vehicles with advanced safety features.
North America and Europe are mature markets with a high demand for airbags, but growth is expected to be steady.
The Middle East and South America offer promising opportunities due to rising disposable income and increasing safety regulations.

COVID-19 Impact Analysis

The report analyzes the impact of COVID-19 on the automotive airbag market. While the pandemic caused temporary disruptions to supply chains and production, the market is expected to recover and resume its growth trajectory due to the long-term focus on vehicle safety.

Key Questions Answered

The report addresses critical questions for businesses in the automotive airbag market: