Automotive Airbag Market: $14.08Bn to $27.63Bn by 2030, Led by Global Auto Safety Giants
Automotive Airbag Market Set to Surge to USD 27.63 Bn by 2030, Growing at a 10.11% CAGR
Summary:
The Automotive Airbag Market, valued at USD 14.08 billion in 2023, is projected to reach nearly USD 27.63 billion by 2030, expanding at a compound annual growth rate (CAGR) of 10.11% during the forecast period. The report provides an in-depth analysis of the industry, including market segmentation, key players, and regional insights.
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Automotive Airbag Market to Experience Robust Growth by 2030
Market Size
The global Automotive Airbag Market was valued at USD 14.08 billion in 2023 and is expected to witness significant growth, reaching USD 27.63 billion by 2030. This growth represents a robust CAGR of 10.11% over the forecast period, driven by increasing awareness of automotive safety and stringent government regulations mandating airbag installation in vehicles.
Overview
The Automotive Airbag Market is at the forefront of the automotive safety industry, with airbags playing a critical role in reducing fatalities and injuries in road accidents. This report offers a comprehensive overview of the market, focusing on the segmentation by type, vehicle type, and module, along with an analysis of regional markets.
Market Scope
This research aims to provide a detailed market analysis, encompassing both qualitative and quantitative data. The scope of the study includes market statistics, estimations, and forecasts for various segments, with a focus on identifying significant trends and opportunities in the global Automotive Airbag Market.
Segmentation
The Automotive Airbag Market is segmented as follows:
- By Types:
- Front Airbag
- Side Airbag
- Knee Airbag
- Curtain Airbag
- By Vehicle Type:
- Passenger Cars (PC)
- Light Commercial Vehicle (LCV)
- Buses
- Trucks
- By Module:
- Inflator or Gas Generator
- Air Bag
Major Manufacturers
- ABC Group
- AB Tube Processing, Inc.
- ACS Industries, Inc.
- Advanced Elastomer Systems
- Am-Safe Commercial Products
- Amphenol Corporation
- Analog Devices, Inc.
- ARC Automotive, Inc.
- Ashimori Industry Co., Ltd.
- Calsonic Kansei
- China National Bluster (Group) Corporation
- Chukoh Chemical Industries, Ltd.
- Daicel Chemical Industries Ltd.
- East Joy Long Airbag Motor Co. Ltd.
- Gaotian (Shanghai) Automobile Safety Device Co., Ltd.
- Global Tek (wuxi) Co. Ltd.
- Fujitsu TEN Ltd.
- Furukawa Electric
- Hanwha Group
- Hyosung Corporation
- Hyundai Mobis
Regional Analysis
The Automotive Airbag Market is analyzed across key regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America. The report provides a detailed PESTLE analysis, highlighting the political, economic, social, and technological factors influencing market trends in these regions. Asia Pacific is expected to dominate the market due to the growing automotive industry and increasing adoption of advanced safety systems.
COVID-19 Impact Analysis
The COVID-19 pandemic has led to significant disruptions in the automotive industry, affecting the supply chain and production levels. However, as the industry recovers, the demand for automotive airbags is expected to rebound, driven by renewed consumer interest in vehicle safety. This report provides an analysis of the pandemic's impact on the market and how it will shape future growth.
Key Questions Answered
- What will be the CAGR of the Automotive Airbag Market during the forecast period?
- Which segment emerged as the market leader in the Automotive Airbag industry?
- Who are the key players in the Automotive Airbag Market?
- What will the market size be in 2030?
- Which company had the largest market share in the Automotive Airbag industry?
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