The airbag systems market share in South Africa is expected to increase by 516.67 thousand units from 2021 to 2026, at a CAGR of 9.49%.
This airbag systems market in South Africa research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers airbag systems market segmentation in South Africa by type (side airbag, front airbag, and other airbags) and vehicle type (passenger vehicles and commercial vehicles). The airbag systems market report in South Africa also offers information on several market vendors, including Airbag Systems, Autoliv Inc., Continental AG, DENSO Corp., HASCO Co. Ltd., Joyson Safety Systems Aschaffenburg GmbH, Robert Bosch GmbH, Sumitomo Corp., Toyota Motor Corp., and ZF Friedrichshafen AG among others.
What will the Airbag Systems Market Size in South Africa be During the Forecast Period?
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Airbag Systems Market in South Africa: Key Drivers, Trends, and Challenges
The enhanced vehicle safety with more airbags is notably driving the airbag systems market growth in South Africa, although factors such as high-cost pressure on OEMs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the airbag systems industry in South Africa. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Airbag Systems Market Driver in South Africa
One of the key factors driving growth in the airbag systems market in South Africa is enhanced vehicle safety with more airbags. Road crashes lead to more than a million deaths each year. These deaths can be minimized by taking safety precautions and implementing safety features in vehicles. Airbags are one of the safety mechanisms in vehicles that can reduce the number of injuries and fatalities in accidents. In the event of a collision, the airbag sensor senses the impact and sends a signal to the ECU. The ECU will deploy the airbag and protect passengers from getting hurt. Airbags in the steering wheel and front panel cannot save passengers during a side impact; they protect them only from frontal or head-on collisions. In many cases, people can become disabled if they sustain leg or knee injuries in a collision. Knee airbags protect the legs/knees of passengers from injuries during a collision. External airbags protect pedestrians from getting hit by a vehicle. Both knee airbags and external airbags are growing in popularity. The increase in the number of airbags per vehicle is expected to spur the growth of the market in focus.
Key Airbag Systems Market Trend in South Africa
The MEMS sensors for airbags is another factor supporting the airbag systems market share growth in South Africa. Present-day vehicles are equipped with numerous components that can improve engine operation and reduce emissions. Currently, vehicles have many electronic components, most of which are intended to alert drivers about certain risks that they may face. Micro-electro-mechanical systems (MEMS) are small mechanical and electro-mechanical elements manufactured using microfabrication techniques. MEMS detects the smallest changes in the driving environment and gathers information, both inside and outside the vehicle. With the help of this data, the connected control units prevent the car from skidding, indicate the exact amount of fuel left, and deploy airbags within seconds. Airbag systems have become more advanced with the latest MEMS sensors being offered by vendors such as Robert Bosch. As technological advancements continue to gain momentum, more advanced automotive airbag systems are expected to enter the market during the forecast period. This is expected to favor the growth of the market in focus.
Key Airbag Systems Market Challenge in South Africa
The high-cost pressure on OEMs will be a major challenge for the airbag systems market in South Africa during the forecast period. Auto OEMs are subject to heavy cost pressures due to the dynamism of the regulatory environment and demanding consumer base. Environment and safety standards are pressurizing OEMs to comply with the regulations while not transmitting additional costs to the consumer. Controlling emissions is bound to increase the cost of the vehicle. Dynamism in standards will further affect the cost of R&D and production processes. Furthermore, consumers demanding advanced features at competitive prices will add to the existing cost pressures on OEMs. Such high-cost pressures are challenging the OEMs to introduce advanced features of the high-end car segment to the low-end and mid-end segments without increasing the sticker prices. This may affect the demand for several types of airbags. OEMs not offering product differentiation in the low-end and mid-end segment or not adding new features may have reduced profit margins because the advantages that accrue from voluminous sales (exhibited by the low-end and mid-end segment) will likely elude them. Thus, such high-cost pressures on OEMs are likely to hamper market growth.
This airbag systems market in South Africa analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the airbag systems market in South Africa as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the airbag systems market in South Africa during the forecast period.
Who are the Major Airbag Systems Market Vendors in South Africa?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Airbag Systems
- Autoliv Inc.
- Continental AG
- DENSO Corp.
- HASCO Co. Ltd.
- Joyson Safety Systems Aschaffenburg GmbH
- Robert Bosch GmbH
- Sumitomo Corp.
- Toyota Motor Corp.
- ZF Friedrichshafen AG
This statistical study of the airbag systems market in South Africa encompasses successful business strategies deployed by the key vendors. The airbag systems market in South Africa is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
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Airbag Systems - The company offers airbag system products such as Vehicle Airbag Systems
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The airbag systems market in South Africa forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Airbag Systems Market in South Africa Value Chain Analysis
Our report provides extensive information on the value chain analysis for the airbag systems market in South Africa, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the automotive components and accessories market includes the following core components:
- Inputs
- Inbound logistics
- Operations
- Distribution and logistics
- Marketing and sales
- Service
- Industry innovations
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
What are the Revenue-generating Type Segments in the Airbag Systems Market in South Africa?
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The airbag systems market share growth in South Africa by the side airbag segment will be significant during the forecast period. Side airbags are used in vehicles to provide safety to the passenger in case of a side impact. The side airbags are usually classified as side torso airbags and curtain airbags. Market growth in this segment is closely tied to the growth of the premium vehicles segment of the automotive industry in South Africa. The continuous increase in demand for premium cars among HNWIs and ultra high-net-worth individuals (UHNWIs) will continue to contribute to this segment's growth.
This report provides an accurate prediction of the contribution of all the segments to the growth of the airbag systems market size in South Africa and actionable market insights on post COVID-19 impact on each segment.
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Airbag Systems Market Scope in South Africa |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 9.49% |
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Market growth 2022-2026 |
516.67 th units |
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Market structure |
Fragmented |
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YoY growth (%) |
11.84 |
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Regional analysis |
South Africa |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Airbag Systems, Autoliv Inc., Continental AG, DENSO Corp., HASCO Co. Ltd., Joyson Safety Systems Aschaffenburg GmbH, Robert Bosch GmbH, Sumitomo Corp., Toyota Motor Corp., and ZF Friedrichshafen AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Airbag Systems Market Report in South Africa?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive airbag systems market growth in South Africa during the next five years
- Precise estimation of the airbag systems market size in South Africa and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the airbag systems industry in South Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of airbag systems market vendors in South Africa
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