Airbag Systems Market in South Africa Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72169

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

  • 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?

To gain further insights on the market contribution of various segments Request for a FREE sample

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.

 

Airbag Systems Market Scope in South Africa

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 9.49%

Market growth 2022-2026

516.67 th units

Market structure

Fragmented

YoY growth (%)

11.84

Regional analysis

South Africa

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

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

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

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.

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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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                         

               **1.1     Market Overview            

                              *Exhibit 01:  Key Finding 1

                              *Exhibit 02:  Key Finding 2

                              *Exhibit 03:  Key Finding 5

                              *Exhibit 04:  Key Finding 6

                              *Exhibit 05:  Key Finding 7

***2. Market Landscape             

                  **2.1 Market ecosystem          

                              *Exhibit 06:  Parent market

                              *Exhibit 07:  Market characteristics

               **2.2 Value Chain Analysis          

                              *Exhibit 08:  Value chain analysis: Automotive components and accessories

                              *2.2.1    Inputs

                              *2.2.2    Inbound logistics

                              *2.2.3    Operations

                              *2.2.4    Distribution and logistics

                              *2.2.5    Marketing and sales

                              *2.2.6    Service

                              *2.2.7    Industry innovations

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 09:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 10:  Market segments

               **3.3 Market size 2021 

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *3.4.1 Estimating growth rates for emerging and high-growth markets

                              *3.4.2 Estimating growth rates for mature markets

                              *Exhibit 11:  South Africa - Market size and forecast 2021 - 2026 (thousand units

                              *Exhibit 12:  South Africa market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 13:  Five forces analysis 2021 & 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 14: Bargaining power of the buyer

               **4.3 Bargaining power of suppliers        

                              *Exhibit 15: Bargaining power of the supplier

               **4.4 Threat of new entrants     

                              *Exhibit 16: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 17: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 18: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 19: Market condition - Five forces 2021

***5. Market Segmentation by  Type    

                    **5.1 Market segments          

                              *Exhibit 20:  Type- Market share 2021-2026 (%)

               **5.2 Comparison by Type          

                              *Exhibit 21:  Comparison by Type

               **5.3 Side airbag - Market size and forecast 2021-2026  

                              *Exhibit 22:  Side airbag - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 23:  Side airbag - Year-over-year growth 2021-2026 (%)

               **5.4 Front airbag - Market size and forecast 2021-2026

                              *Exhibit 24:  Front airbag - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 25:  Front airbag - Year-over-year growth 2021-2026 (%)

               **5.5 Other airbags - Market size and forecast 2021-2026            

                              *Exhibit 26:  Other airbags - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 27:  Other airbags - Year-over-year growth 2021-2026 (%)

               **5.6 Market opportunity by Type          

                              *Exhibit 28:   Market opportunity by Type

***6. Market Segmentation by Vehicle type                     

               **6.1 Market segments

                              *Exhibit 29:  Vehicle type - Market share 2021-2026 (%)

               **6.2 Comparison by Vehicle type           

                              *Exhibit 30:  Comparison by Vehicle type

               **6.3 Passenger vehicles - Market size and forecast 2021-2026   

                              *Exhibit 31:  Passenger vehicles - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 32:  Passenger vehicles - Year-over-year growth 2021-2026 (%)

               **6.4 Commercial vehicles - Market size and forecast 2021-2026              

                              *Exhibit 33:  Commercial vehicles - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 34:  Commercial vehicles - Year-over-year growth 2021-2026 (%)

               **6.5 Market opportunity by Vehicle type           

                              *Exhibit 35:  Market opportunity by Vehicle type

***7. Customer landscape                        

                              *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               **7.1 Overview

                              *Exhibit 36:  Customer landscape

***8. Drivers, Challenges, and Trends                  

               **8.1 Market Driver       

                              *8.1.1    Enhanced vehicle safety with more airbags

                              *8.1.2    Growing importance of crash tests and NCAP ratings

                              *8.1.3    Increasing automotive production

               **8.2 Market challenges              

                              *8.2.1    High-cost pressure on OEMs

                              *8.2.2    Lack of regulation for airbags in medium and heavy-duty vehicles

                              *8.2.3    Functional issues – Effects of false positives and negatives

                              *Exhibit 37:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1    MEMS sensors for airbags

                              *8.3.2    March toward autonomous vehicles

                              *8.3.3    Future regulations on curtain airbags to boost market growth

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 38:  Vendor landscape

               **9.2 Landscape disruption         

                              *Exhibit 39:  Landscape disruption

                              *Exhibit 40:  Industry risks

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 41: Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 42: ?Market positioning of vendors?

               **10.3 Airbag Systems  

                              *Exhibit 43:  Airbag Systems - Overview

                              *Exhibit 44:  Airbag Systems - Product and service

                              *Exhibit 45:  Airbag Systems - Key offerings

               **10.4 Autoliv Inc.         

                              *Exhibit 46:  Autoliv Inc. - Overview

                              *Exhibit 47:  Autoliv Inc. - Business segments

                              *Exhibit 48:  Autoliv Inc. - Key News

                              *Exhibit 49:  Autoliv Inc. - Key offerings

                              *Exhibit 50:  Autoliv Inc. - Segment focus

               **10.5 Continental AG  

                              *Exhibit 51:  Continental AG  - Overview

                              *Exhibit 52:  Continental AG  - Business segments

                              *Exhibit 53:  Continental AG  - Key News

                              *Exhibit 54:  Continental AG  - Key offerings

                              *Exhibit 55:  Continental AG  - Segment focus

               **10.6 DENSO Corp.      

                              *Exhibit 56:  DENSO Corp. - Overview

                              *Exhibit 57:  DENSO Corp. - Business segments

                              *Exhibit 58:  DENSO Corp. - Key News

                              *Exhibit 59:  DENSO Corp. - Key offerings

                              *Exhibit 60:  DENSO Corp. - Segment focus

               **10.7 HASCO Co. Ltd.

                              *Exhibit 61:  HASCO Co. Ltd. - Overview

                              *Exhibit 62:  HASCO Co. Ltd. - Product and service

                              *Exhibit 63:  HASCO Co. Ltd. - Key offerings

               **10.8 Joyson Safety Systems Aschaffenburg GmbH        

                              *Exhibit 64:  Joyson Safety Systems Aschaffenburg GmbH - Overview

                              *Exhibit 65:  Joyson Safety Systems Aschaffenburg GmbH - Product and service

                              *Exhibit 66:  Joyson Safety Systems Aschaffenburg GmbH - Key offerings

               **10.9 Robert Bosch GmbH        

                              *Exhibit 67:  Robert Bosch GmbH - Overview

                              *Exhibit 68:  Robert Bosch GmbH - Business segments

                              *Exhibit 69:  Robert Bosch GmbH - Key News

                              *Exhibit 70:  Robert Bosch GmbH - Key offerings

                              *Exhibit 71:  Robert Bosch GmbH - Segment focus

               **10.10 Sumitomo Corp.             

                              *Exhibit 72:  Sumitomo Corp. - Overview

                              *Exhibit 73:  Sumitomo Corp. - Business segments

                              *Exhibit 74:  Sumitomo Corp. - Key News

                              *Exhibit 75:  Sumitomo Corp. - Key offerings

                              *Exhibit 76:  Sumitomo Corp. - Segment focus

               **10.11 Toyota Motor Corp.      

                              *Exhibit 77:  Toyota Motor Corp. - Overview

                              *Exhibit 78:  Toyota Motor Corp. - Business segments

                              *Exhibit 79:  Toyota Motor Corp. - Key News

                              *Exhibit 80:  Toyota Motor Corp. - Key offerings

                              *Exhibit 81:  Toyota Motor Corp. - Segment focus

               **10.12 ZF Friedrichshafen AG  

                              *Exhibit 82:  ZF Friedrichshafen AG - Overview

                              *Exhibit 83:  ZF Friedrichshafen AG - Business segments

                              *Exhibit 84:  ZF Friedrichshafen AG - Key News

                              *Exhibit 85:  ZF Friedrichshafen AG - Key offerings

                              *Exhibit 86:  ZF Friedrichshafen AG - Segment focus

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 ????Market definition

                              *11.1.2 ????Objectives

                              *11.1.3 ????Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 87: ?Currency conversion rates for US$?

               **11.3 Research Methodology   

                              *Exhibit 88: ?Research Methodology

                              *Exhibit 89: ??Validation techniques employed for market sizing?

                              *Exhibit 90: ??Information sources

               **11.4 List of abbreviations        

                              *Exhibit 91: List of abbreviations

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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