Market Overview:
The global airbag electronics market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for airbags in vehicles, owing to their safety benefits. Airbags are now being installed as standard equipment in most passenger cars and commercial vehicles, which is driving the demand for airbag electronics globally. The global airbag electronics market can be segmented on the basis of type into compact cars, mid-sized cars, premium cars, luxury cars and light commercial vehicles. On the basis of application, it can be divided into OEM and aftermarket segments. Geographically, it can be segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA).
Product Definition:
Airbag electronics are responsible for deploying airbags in a car in the event of a crash. They monitor the vehicle's speed and sensors to determine when a crash is occurring and then deploy the airbags accordingly. This protects passengers from being thrown around the car or hitting objects inside it during a collision. Airbag electronics are an important safety feature in cars and can save lives.
Compact Cars:
Compact cars are those which have a seating capacity of five persons or less. The global compact car market size was estimated at over 96 million units in 2015 and is expected to grow at an estimated CAGR of XX% from 2016 to 2025. Compact cars are gaining popularity due to the rising fuel prices, increasing environmental concerns, and low ownership rates globally.
Mid-Sized Cars:
The global mid-sized cars and it's usage in airbag electronics market size was valued at USD 2.0 billion in 2015. The increasing penetration of the Internet of Things (IoT) technology is expected to be a key factor driving the industry growth over the forecast period.
North America mid-sized cars.
Application Insights:
OEMs are engaged in extensive R&D activities for the development of advanced airbag systems. The use of such systems in OEM-built vehicles is estimated to witness significant growth over the forecast period, as a result of stringent government regulations regarding safety and security. In addition, increasing demand for airbags by way of retrofit kits is expected to drive the market growth over the coming years.
The aftermarket segment includes replacement products and service providers that offer airbag repair services to consumers who have purchased aftermarket compatible cars or light commercial vehicles with aged stock. Growing awareness about vehicle safety among consumers across various regions coupled with rising repair costs associated with aging bags is anticipated to propel demand from this segment over the forecast period.
Regional Analysis:
North America dominated the global airbag electronics market in 2017. The region is expected to witness a growth rate of over 6% during the forecast period. This can be attributed to stringent government regulations for automotive safety, rising road accidents and increasing sales of premium cars in U.S., Canada, and Mexico.
Asia Pacific is anticipated to emerge as one of the fastest-growing regions with a CAGR exceeding 7% during the same period due to rapid development taking place at both domestic.
Growth Factors:
- Increasing demand for airbags in passenger cars and commercial vehicles
- Rising awareness about the benefits of airbags among consumers
- Technological advancements in airbag electronics that improve safety features
- Growing demand for luxury cars and SUVs that come equipped with airbags as standard features
- Stringent government regulations mandating the use of airbags in automobiles
Scope Of The Report
Report Attributes
Report Details
Report Title
Airbag Electronics Market Research Report
By Type
Compact Cars, Mid-Sized Cars, Premium Cars, Luxury cars, Light Commercial Vehicles, Heavy Commercial Vehicles
By Application
OEM, Aftermarket
By Companies
Autoliv (Sweden), Denso Corporation (Japan), Key Safety Systems, Inc. (US), Takata Corporation (Japan), Toyoda-Gosei Co., Ltd. (Japan), TRW Automotive Holdings Corp. (US), Ashimori, Hyundai Mobis, Ningbo Joyson Electronic, Nihon Plast, Autoliv (Sweden)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Airbag Electronics Market Report Segments:
The global Airbag Electronics market is segmented on the basis of:
Types
Compact Cars, Mid-Sized Cars, Premium Cars, Luxury cars, Light Commercial Vehicles, Heavy Commercial Vehicles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
OEM, Aftermarket
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Autoliv (Sweden)
- Denso Corporation (Japan)
- Key Safety Systems, Inc. (US)
- Takata Corporation (Japan)
- Toyoda-Gosei Co., Ltd. (Japan)
- TRW Automotive Holdings Corp. (US)
- Ashimori
- Hyundai Mobis
- Ningbo Joyson Electronic
- Nihon Plast
- Autoliv (Sweden)
Highlights of The Airbag Electronics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Compact Cars
- Mid-Sized Cars
- Premium Cars
- Luxury cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- By Application:
- OEM
- Aftermarket
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Airbag Electronics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Airbag electronics are the components in an airbag system that sense and respond to a collision. They include sensors, processors, and controllers.
Some of the major players in the airbag electronics market are Autoliv (Sweden), Denso Corporation (Japan), Key Safety Systems, Inc. (US), Takata Corporation (Japan), Toyoda-Gosei Co., Ltd. (Japan), TRW Automotive Holdings Corp. (US), Ashimori, Hyundai Mobis, Ningbo Joyson Electronic, Nihon Plast, Autoliv (Sweden).
The airbag electronics market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Airbag Electronics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Airbag Electronics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Airbag Electronics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Airbag Electronics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Airbag Electronics Market Size & Forecast, 2020-2028
4.5.1 Airbag Electronics Market Size and Y-o-Y Growth
4.5.2 Airbag Electronics Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Compact Cars
5.2.2 Mid-Sized Cars
5.2.3 Premium Cars
5.2.4 Luxury cars
5.2.5 Light Commercial Vehicles
5.2.6 Heavy Commercial Vehicles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 OEM
6.2.2 Aftermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Airbag Electronics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Airbag Electronics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Compact Cars
9.6.2 Mid-Sized Cars
9.6.3 Premium Cars
9.6.4 Luxury cars
9.6.5 Light Commercial Vehicles
9.6.6 Heavy Commercial Vehicles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 OEM
9.10.2 Aftermarket
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Compact Cars
10.6.2 Mid-Sized Cars
10.6.3 Premium Cars
10.6.4 Luxury cars
10.6.5 Light Commercial Vehicles
10.6.6 Heavy Commercial Vehicles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 OEM
10.10.2 Aftermarket
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Compact Cars
11.6.2 Mid-Sized Cars
11.6.3 Premium Cars
11.6.4 Luxury cars
11.6.5 Light Commercial Vehicles
11.6.6 Heavy Commercial Vehicles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 OEM
11.10.2 Aftermarket
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Compact Cars
12.6.2 Mid-Sized Cars
12.6.3 Premium Cars
12.6.4 Luxury cars
12.6.5 Light Commercial Vehicles
12.6.6 Heavy Commercial Vehicles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 OEM
12.10.2 Aftermarket
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Compact Cars
13.6.2 Mid-Sized Cars
13.6.3 Premium Cars
13.6.4 Luxury cars
13.6.5 Light Commercial Vehicles
13.6.6 Heavy Commercial Vehicles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 OEM
13.10.2 Aftermarket
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Airbag Electronics Market: Competitive Dashboard
14.2 Global Airbag Electronics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Autoliv (Sweden)
14.3.2 Denso Corporation (Japan)
14.3.3 Key Safety Systems, Inc. (US)
14.3.4 Takata Corporation (Japan)
14.3.5 Toyoda-Gosei Co., Ltd. (Japan)
14.3.6 TRW Automotive Holdings Corp. (US)
14.3.7 Ashimori
14.3.8 Hyundai Mobis
14.3.9 Ningbo Joyson Electronic
14.3.10 Nihon Plast
14.3.11 Autoliv (Sweden)
