According to Acumen Research and Consulting, the global Automotive Airbags market size is estimated to grow at CAGR above 5.8 % over the forecast time frame and reach the market value around USD 86 billion.

LOS ANGELES, June 07, 2019 (GLOBE NEWSWIRE) -- Increased vehicle accidents and traffic crashes will influence the market during the forecast period. Car manufacturers adapt crash preventive measures to ensure passenger safety during vehicle engineering. Automotive players provide minimal front airbags to reduce the severity of accidents.

The growth of the automotive airbag market is stepping up consumer preferences towards safer cars. Continuing efforts to raise awareness of safety will boost product demand. Organizations such as the National Association of Automotive Dealers (NADA) launch awareness camps on airbag lifesaving capabilities. In the next six years, increasing buyer awareness will increase product demand.

In airbags on the automotive airbags market, nylon is preferable to polyester. During the projected period, nylon-based airbags are expected to have an important share and a high growth rate. Nylon-based airbags have better physical characteristics, such as increased impact strength, lower densities and high specific heat capacity, than polyester. Nylon also needs more melting energy. Nylon is the preferred choice for automotive airbags due to its mentioned properties.

Auto airbags are one of the most important passive car security systems. The increase in the number of road accidents resulted in a higher number of vehicle airbags. Government authorities have implemented or implement compulsory use of vehicles airbags to minimize the fatality rates during accidents. This mandatory adoption is mainly supported by driver airbags— the airbag penetration is outstanding compared with other types of airbags.

The automotive airbag market share will be driven over the projected time frame by the continuous advances in vehicle security systems. In order to avoid injuries caused by airbags, industry participants develop a smart airbag with sensors. The sensors analyze the position, weight of the passenger, and calculate the durability of the airbag deployment.

Due to the use of frontal car airbags as a standard feature in most vehicles, the market size will grow strongly over the study timeframe. In the event of crash or accident, drivers and front passengers are highly likely to be hurt. The segment penetration will be driven by the development of innovative Electronic Control Unit (ECU) products to increase product efficiency. The sensors collect and transmit information to the system.

With its use for most vehicle positions, the coated segment leads the automotive airbag market share. Coating ensures smooth deployment and deflates after peak inflation. The coating also controls the permeability of the fabric, prevents hot inflator gasses and hot particulating pinholes. With its deployment for a front passenger seat, the uncoated segment will see steady growth over the study timeframe.

Due to a large number of heavy-duty vehicle crashes, commercial vehicles hold a significant part in the automotive airbag market. In 2015, approximately 415 000 commercial cars reported crashing, causing more than 3, 800 lives, according to Federal Motor Carrier Safety Administration (FMCSA). Commercial car manufacturers use systems to improve safety, thus driving the growth of the segment.

Due to the presence of the major automakers, including BMW, Fiat, Ford, Daimler and DAF Trucks, Europe has a substantial share in the automotive airbag market. The emergence of regulations mandating safety systems for vehicle occupants will be showing strong growth in Asia Pacific.

Key Players & Strategies

Due to the presence of key players such as Continental AG, Takata Corporation, and Hyundai Mobis Co, the airbag market share is very competitive. Toyoda Gosei Co., Ltd., Denso Corporation, Robert Bosch GmbH, and Autoliv Inc. Ltd., also key players in the market. In order to reduce world traffic deaths, industry participants are significantly investing to develop new safety technology. Autoliv, for example, presented new Life cell airbag technology in January 2018 to provide autonomous protection regardless of the sitting position. Herstellers aim to increase production volumes to support increased airbag demand.

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