Dublin, Sept. 27, 2013 (GLOBE NEWSWIRE) -- Research and Markets
(http://www.researchandmarkets.com/research/hbzktb/global_automotive)
has announced the addition of the
"Global Automotive Airbag Market 2012-2016" report to their
offering.
The analysts forecast the Global Automotive Airbag market to grow
at a CAGR of 8.31percent over the period 2012-2016. The rapid
growth of the Global Automotive Safety Systems market is one of the
key factors contributing to the growth of Global Automotive Airbag
market. The Global Automotive Airbag market has also been
witnessing the increasing demand for automotive airbags from the
BRIC countries. However, functional and operational issues could
pose a challenge to the growth of this market.
Commenting on the report, an analyst from the team said: One of the
main trends witnessed in the Global Automotive Airbag market is the
increasing demand from the BRIC countries. Since the market for
airbag systems in developed regions is maturing and becoming
saturated, OEMs and suppliers are focusing on developing and
emerging markets. The steady economic growth in the BRIC countries
is expected to be one of the major drivers of the growth of the
Global Automotive Airbag market in the next few years. The
continuous economic growth in the BRIC countries has improved the
financial status of the people in these countries, which in turn is
leading to an increase in the per capita income of the population.
This has increased the demand for automobiles in these countries,
increasing the demand for safety systems.
According to the report, one of the main factors driving the market
is the growth of the Global
Automotive Safety Systems market. Safety systems help prevent
vehicle accidents during critical situations and protect passengers
from injury. Various active safety systems and passive safety
systems are being increasingly used in automobiles, as passenger
safety has become a prime concern for all; this is propelling the
growth of the Global Automotive Airbag market.
Companies Mentioned:
- Autoliv Inc.
- Delphi Automotive plc
- Takata Corp.
- TRW Automotive Holdings Corp.
- Denso Corp.
- Key Safety Systems Inc.
- Tokai Rika Co. Ltd.
- Toyoda Gosei Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/hbzktb/global_automotive
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Sector:
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