Global automotive airbag market size surpassed valuation of US$10 Bn in the year 2022 and is likely to observe a strong growth trajectory by the end of this decade, 2030.

Market Analysis in Brief

As of 2019, more than 54 million passenger vehicles were produced across the globe. Wherein, China emerged as the largest producer of passenger vehicles. In addition to this, people under 30 years of their age have started switching to car from bikes, which has given further impetus to the demand. The trend is majorly witnessed in the developing countries such as India, and China on account of increasing consumer affluence, rising spending power on luxury goods, mounting rates of road commute, and easy availability of car loans. To top it all, there has been greater emphasis on safety of both the passengers, and drivers, which further elevates the growth prospects of automotive airbag market.

Key Report Findings

In 2022, the global automotive airbag market exceeded the valuation of US$10 Bn
Escalating sales of passenger vehicles will heavily contribute toward market expansion
Silicon coated airbags remain sought-after
Ample opportunities exist in Asia Pacific while North America, and Europe continue to lead

Growth Drivers

Mounting Passenger Vehicle Sales

Today, most of the vehicles in the developed countries of Europe, and North America are fitted with airbags. While the developed western world has been the early adopter, on the other hand, the major developing countries like India, and China have also mandated the use of at least frontal air bag in all types of passenger vehicles to enhance the safety of drivers, and co-passengers. The passenger vehicle sales here have been on a continuous uptrend over the past decade and in this backdrop, all the OEMs in India, and China are bound to provide airbags. This is giving the global automotive airbag market an accelerated growth rate.

Stringent Vehicle Safety Guidelines

With the constantly growing number of accidents, several governments across the globe have directed the automotive manufacturers to develop a better product that can safeguard the driver and passengers as well as reduce the chances of accidents. This has prompted leading manufacturers develop a range of safety features in their vehicles such as cruise control, crash warning, lane switching assistance, and airbags among others.

Increasing Focus of Governments on Road Safety

Approximately 1.3 million people die each year as a result of road traffic crashes. Road traffic crashes cost most countries 3% of their gross domestic product. More than half of all road traffic deaths are among vulnerable road users. To reduce the number of accidental fatality rate, governments across the globe have made it mandatory for automakers to equip their vehicles with airbags. This is expected to drive the revenue growth of automotive airbag market space.

For instance, the government of India mandated all the passenger vehicle manufacturers to provide airbag in front driver and co-passenger safety. The Ministry of Road Transport and Highways (MoRTH) in a gazette notification announced the new rule that will require all new vehicles to have dual front airbags as standard fitment from April 1, 2021.

Overview of Key Segments

Coated Airbags in Demand

Currently, different types of fabrics such as nylon, and polyester are used for manufacturing by the players in the global automotive airbag market. The demand for each type of fabric changes as per the manufacturers and their targeted consumers as the choice of material can significantly add value to the final cost of a vehicle.

Silicon Coating Sought-after

From the past few decades, silicon is being commonly used as a coating but it is slowly being replaced with other alternative due to its higher strength, and easy recyclability. Airbags generates heat on deployment, which can severely hurt occupants and may lead serious burns. The scenario is avoided through coating the airbag with silicon or similar substance as it can dissipate the generated heat causing any damage to the integrity of airbag.

Apart from this, silicon coated airbags can deflate easily once reached the maximum level of inflation, which proves to more effective than other alternative such as neoprene coating. It has been found that the demand for coated fabric is high in North American, and European automotive airbag markets on account of stringent safety norms and high adoption of advanced safety features.

Growth Opportunities Across Regions

Asia Pacific Holds the Promise

Asia Pacific is the largest producer of vehicles around the globe. The region has strong presence of all the leading manufacturers such VW, Toyota Motor Corp., Honda Motor Co. Ltd., and General Motors Co., among others. In addition to this, the Asia Pacific automotive airbag market is flooded with numerous country level producers.

In last few years, the region has witnessed a significant adoption in the electric car. Wherein, China has emerged as the largest consumer. As of 2020, 25.1 million cars were sold in China. Out of which, 5.4% were electric vehicles. As per our findings, Asia Pacific is responsible for more than 45% of the global vehicle production. Wherein, China accounts for 25.5%, Japan and Korea for 11.4, and South Asia for 6.3% of the global production.

Climbing Vehicle Sales, and Favorable Business Environment

With the rapidly growing demand for vehicles in this region, a greater number of market players have started shifting their production base to India, China, Vietnam, and Thailand. Key players in the Asia Pacific automotive airbag market are also enjoying the advantages of cheap labor, easy availability of raw materials, and favorable government regulations regarding FDI.

Demand for passenger and commercial vehicles in the region is projected to grow at a healthy CAGR on account of growing purchasing power of consumers, increasing disposable income, changing lifestyle, and increasing urbanization. Similarly, the demand for automotive airbags will witness the same growth momentum in the coming years.

Supportive Role of Asian Governments

The growth of the global automotive airbag market is expected to be supported by growing emphasis of the local government on the maximum safety of the drivers and co-passenger. For instance, the government of India mandated all the passenger vehicle manufacturers to provide airbag in front driver and co-passenger safety. The Ministry of Road Transport and Highways in a gazette notification announced the new rule that will require all new vehicles to have dual front airbags as standard fitment from April 1, 2021.

Global Automotive Airbag Market: Key Players

Joyson Safety Systems (US), Autoliv (Sweden), Toyota Gosei (Japan), ZF Friedrichshafen (Germany), Denso (Japan), and Hyundai Mobis (South Korea) are some of the key players in the global automotive airbag market.

Regional Classification of the Global Automotive Airbag Market is Listed Below:

North America

U.S.
Canada

Europe

Germany
France
Spain
U.K.
Italy
Russia
Rest of Europe

Asia Pacific

China
Japan
India
Southeast Asia
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Middle East and Africa

GCC
South Africa
Rest of Middle East & Africa

1. Executive Summary
1.1. Global Automotive Airbag Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver 1
  2.2.1.2. Driver 2
  2.2.2. Restraints
  2.2.2.1. Restraint 1
  2.2.2.2. Restraint 2
  2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
  2.5.1. Supply
  2.5.2. Demand
2.6. Economic Analysis
2.7. Government Regulations
2.8. PESTEL Analysis
2.9. Consumer Spending on Car Accessories by Vehicle Type & by Region

3. Production Output and Trade Statistics, 2019 - 2022
3.1. Supply-Demand Analysis
3.2. Import-Export Analysis
3.3. Major Exporting Countries, by Destination

4. Price Trends Analysis and Future Projects
4.1. Key Highlights
4.2. Average Price, By Vehicle Type
4.3. Average Price, By Region

5. Global Automotive Airbag Market Outlook, 2019 - 2030
5.1. Global Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  5.1.1. Key Highlights
  5.1.1.1. Front
  5.1.1.2. Curtain
  5.1.1.3. Knee Bags
  5.1.1.4. Side
  5.1.1.5. Misc. (Including Pedestrian, etc.)
  5.1.2. BPS Analysis/Market Attractiveness Analysis
5.2. Global Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  5.2.1. Key Highlights
  5.2.1.1. Passenger Cars
  5.2.1.2. Light Vehicles
  5.2.1.3. Electric Vehicles
  5.2.2. BPS Analysis/Market Attractiveness Analysis
5.3. Global Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  5.3.1. Key Highlights
  5.3.1.1. Nylon
  5.3.1.2. Polyester
  5.3.2. BPS Analysis/Market Attractiveness Analysis
5.4. Global Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  5.4.1. Key Highlights
  5.4.1.1. Neoprene
  5.4.1.2. Silicone
  5.4.1.3. Uncoated
  5.4.2. BPS Analysis/Market Attractiveness Analysis
5.5. Global Automotive Airbag Market Outlook, by Region, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  5.5.1. Key Highlights
  5.5.1.1. North America
  5.5.1.2. Europe
  5.5.1.3. Asia Pacific
  5.5.1.4. Latin America
  5.5.1.5. Middle East & Africa
  5.5.2. BPS Analysis/Market Attractiveness Analysis

6. North America Automotive Airbag Market Outlook, 2019 - 2030
6.1. North America Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  6.1.1. Key Highlights
  6.1.1.1. Front
  6.1.1.2. Curtain
  6.1.1.3. Knee Bags
  6.1.1.4. Side
  6.1.1.5. Misc. (Including Pedestrian, etc.)
  6.1.2. BPS Analysis/Market Attractiveness Analysis
6.2. North America Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  6.2.1. Key Highlights
  6.2.1.1. Passenger Cars
  6.2.1.2. Light Vehicles
  6.2.1.3. Electric Vehicles
  6.2.2. BPS Analysis/Market Attractiveness Analysis
6.3. North America Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  6.3.1. Key Highlights
  6.3.1.1. Nylon
  6.3.1.2. Polyester
  6.3.2. BPS Analysis/Market Attractiveness Analysis
6.4. North America Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  6.4.1. Key Highlights
  6.4.1.1. Neoprene
  6.4.1.2. Silicone
  6.4.1.3. Uncoated
  6.4.2. BPS Analysis/Market Attractiveness Analysis
6.5. North America Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  6.5.1. Key Highlights
  6.5.1.1. U.S.
  6.5.1.2. Canada
  6.5.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Automotive Airbag Market Outlook, 2019 - 2030
7.1. Europe Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  7.1.1. Key Highlights
  7.1.1.1. Front
  7.1.1.2. Curtain
  7.1.1.3. Knee Bags
  7.1.1.4. Side
  7.1.1.5. Misc. (Including Pedestrian, etc.)
  7.1.2. BPS Analysis/Market Attractiveness Analysis
7.2. Europe Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  7.2.1. Key Highlights
  7.2.1.1. Passenger Cars
  7.2.1.2. Light Vehicles
  7.2.1.3. Electric Vehicles
  7.2.2. BPS Analysis/Market Attractiveness Analysis
7.3. Europe Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  7.3.1. Key Highlights
  7.3.1.1. Nylon
  7.3.1.2. Polyester
  7.3.2. BPS Analysis/Market Attractiveness Analysis
7.4. Europe Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  7.4.1. Key Highlights
  7.4.1.1. Neoprene
  7.4.1.2. Silicone
  7.4.1.3. Uncoated
  7.4.2. BPS Analysis/Market Attractiveness Analysis
7.5. Europe Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  7.5.1. Key Highlights
  7.5.1.1. Germany
  7.5.1.2. France
  7.5.1.3. U.K.
  7.5.1.4. Italy
  7.5.1.5. Spain
  7.5.1.6. Turkey
  7.5.1.7. Russia
  7.5.1.8. Rest of Europe
  7.5.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Automotive Airbag Market Outlook, 2019 - 2030
8.1. Asia Pacific Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  8.1.1. Key Highlights
  8.1.1.1. Front
  8.1.1.2. Curtain
  8.1.1.3. Knee Bags
  8.1.1.4. Side
  8.1.1.5. Misc. (Including Pedestrian, etc.)
  8.1.2. BPS Analysis/Market Attractiveness Analysis
8.2. Asia Pacific Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  8.2.1. Key Highlights
  8.2.1.1. Passenger Cars
  8.2.1.2. Light Vehicles
  8.2.1.3. Electric Vehicles
  8.2.2. BPS Analysis/Market Attractiveness Analysis
8.3. Asia Pacific Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  8.3.1. Key Highlights
  8.3.1.1. Nylon
  8.3.1.2. Polyester
  8.3.2. BPS Analysis/Market Attractiveness Analysis
8.4. Asia Pacific Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  8.4.1. Key Highlights
  8.4.1.1. Neoprene
  8.4.1.2. Silicone
  8.4.1.3. Uncoated
  8.4.2. BPS Analysis/Market Attractiveness Analysis
8.5. Asia Pacific Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  8.5.1. Key Highlights
  8.5.1.1. China
  8.5.1.2. Japan
  8.5.1.3. South Korea
  8.5.1.4. India
  8.5.1.5. Southeast Asia
  8.5.1.6. Australia and New Zealand
  8.5.1.7. Rest of Asia Pacific
  8.5.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Automotive Airbag Market Outlook, 2019 - 2030
9.1. Latin America Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
v9.1.1. Key Highlights
  9.1.1.1. Front
  9.1.1.2. Curtain
  9.1.1.3. Knee Bags
  9.1.1.4. Side
  9.1.1.5. Misc. (Including Pedestrian, etc.)
  9.1.2. BPS Analysis/Market Attractiveness Analysis
9.2. Latin America Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  9.2.1. Key Highlights
  9.2.1.1. Passenger Cars
  9.2.1.2. Light Vehicles
  9.2.1.3. Electric Vehicles
  9.2.2. BPS Analysis/Market Attractiveness Analysis
9.3. Latin America Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  9.3.1. Key Highlights
  9.3.1.1. Nylon
  9.3.1.2. Polyester
  9.3.2. BPS Analysis/Market Attractiveness Analysis
9.4. Latin America Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  9.4.1. Key Highlights
  9.4.1.1. Neoprene
  9.4.1.2. Silicone
  9.4.1.3. Uncoated
  9.4.2. BPS Analysis/Market Attractiveness Analysis
9.5. Latin America Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  9.5.1. Key Highlights
  9.5.1.1. Brazil
  9.5.1.2. Mexico
  9.5.1.3. Rest of Latin America
  9.5.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Automotive Airbag Market Outlook, 2019 - 2030
10.1. Middle East & Africa Automotive Airbag Market Outlook, by Application, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  10.1.1. Key Highlights
  10.1.1.1. Front
  10.1.1.2. Curtain
  10.1.1.3. Knee Bags
  10.1.1.4. Side
  10.1.1.5. Misc. (Including Pedestrian, etc.)
  10.1.2. BPS Analysis/Market Attractiveness Analysis
10.2. Middle East & Africa Automotive Airbag Market Outlook, by Vehicle Type, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  10.2.1. Key Highlights
  10.2.1.1. Passenger Cars
  10.2.1.2. Light Vehicles
  10.2.1.3. Electric Vehicles
  10.2.2. BPS Analysis/Market Attractiveness Analysis
10.3. Middle East & Africa Automotive Airbag Market Outlook, by Material, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  10.3.1. Key Highlights
  10.3.1.1. Nylon
  10.3.1.2. Polyester
  10.3.2. BPS Analysis/Market Attractiveness Analysis
10.4. Middle East & Africa Automotive Airbag Market Outlook, by Coating, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  10.4.1. Key Highlights
  10.4.1.1. Neoprene
  10.4.1.2. Silicone
  10.4.1.3. Uncoated
  10.4.2. BPS Analysis/Market Attractiveness Analysis
10.5. Middle East & Africa Automotive Airbag Market Outlook, by Country, Volume (Million Units) and Value (US$ Mn), 2019 - 2030
  10.5.1. Key Highlights
  10.5.1.1. GCC
  10.5.1.2. South Africa
  10.5.1.3. Egypt
  10.5.1.4. Rest of Middle East & Africa
  10.5.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape
11.1. Company Market Share Analysis, 2020
11.2. New Developments
11.3. Market Structure
11.4. Company Profiles
  11.4.1. Autoliv Inc.
  11.4.1.1. Company Overview
  11.4.1.2. Product Portfolio
  11.4.1.3. Financial Overview
  11.4.1.4. Business Strategies and Development
  11.4.2. BorgWarner Inc.
  11.4.3. Joyson Safety Systems
  11.4.4. Toyoda Gosei Co. Ltd.
  11.4.5. Ningbo Joyson Electronic Corp.
  11.4.6. ZF Friedrichshafen AG
  11.4.7. Daicel Corporation
  11.4.8. Denso Corporation
  11.4.9. Hyundai Mobis
  11.4.10. Ashimori Industry Co. Ltd
  11.4.11. Nihon Plast Co., Ltd.

12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

BASE YEAR		HISTORICAL DATA		FORECAST PERIOD		UNITS
	2022		2018 - 2022		2023 - 2030	Value: US$ Mn Volume: Million Units

REPORT FEATURES	DETAILS
Application Coverage	Front Curtain Knee Bags Side Misc. (Including Pedestrian, etc.)
Vehicle Type Coverage	Passenger Cars Light Vehicles Electric Vehicles
Materials Coverage	Nylon Polyester
Coatings Coverage	Neoprene Silicone Uncoated
Geographical Coverage	North America U.S. Canada Europe Germany France U.K. Italy Spain Turkey Russia Rest of Europe Asia Pacific China Japan South Korea India Southeast Asia Australia and New Zealand Rest of Asia Pacific Latin America Brazil Mexico Rest of Latin America Middle East & Africa GCC South Africa Rest of Middle East & Africa
Leading Companies	Autoliv Inc. BorgWarner Inc. Joyson Safety Systems Toyoda Gosei Co. Ltd. Ningbo Joyson Electronic Corp. ZF Friedrichshafen AG Daicel Corporation Denso Corporation Hyundai Mobis Ashimori Industry Co. Ltd Nihon Plast Co., Ltd.
Report Highlights	Market Estimates and Forecast, Market Dynamics, Industry Trends, Production Output, Trade Statistics, Prices Trend Analysis, Competition Landscape, Application-, Vehicle Type-, Material-, Coatings-, Region-, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply), Key Market Trends

Automotive Airbag Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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