0

Automotive Airbag Sensor Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44102
Technavio

Enjoy complimentary customisation on priority with our Enterprise License!

Safe and Secure SSL Encrypted

info
close
  • Single User:

    Quick and easy buy and download option

  • Enterprise:

    Flexible option - Complimentary customization included

2500 USD

The automotive airbag sensor market share is expected to increase by USD 70.99 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2.94%.

This automotive airbag sensor market 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 automotive airbag sensor market segmentations by application (passenger cars, LCVs, and MCVs and HCVs) and geography (APAC, Europe, North America, South America, and MEA). The automotive airbag sensor market report also offers information on several market vendors, including Analog Devices Inc., Continental AG, DENSO Corp., HELLA GmbH & Co. KGaA, Infineon Technologies AG, Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch GmbH, Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG among others.

What will the Automotive Airbag Sensor Market Size be During the Forecast Period?

Automotive Airbag Sensor Market Size

Download the Free Report Sample to Unlock the Automotive Airbag Sensor Market Size for the Forecast Period and Other Important Statistics

 

Automotive Airbag Sensor Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The production shift to low-cost countries is notably driving the automotive airbag sensor market growth, although factors such as sharp decline in automobile production and sales may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive airbag sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Airbag Sensor Market Driver

The production shift to low-cost countries is one of the key factors driving the growth of the global automotive airbag sensor market. China is one of the major automotive markets in the world, where there is a strong presence of well-established players from across the world. However, the rising trade tensions between China and other countries in North America and Europe will reduce the focus on the expansion of automotive production facilities in China. Automobile manufacturers have started looking for other low-cost manufacturing opportunities in APAC countries such as Taiwan, India, and Vietnam. Furthermore, the slump in automotive demand is expected to increase their focus on shifting toward low-cost manufacturing countries. The reduction in production costs would allow automobile manufacturers to increase their product discounts, thereby increasing the demand for commercial vehicles. Therefore, the production shift to low-cost countries will allow automobile manufacturers to reduce the selling price, thereby increasing the demand. The increased demand will support the growth of automotive components and accessories such as crankshafts, camshafts, airbags, and airbag sensors. Hence, the shifting of automobile production to low-cost countries will drive the global automotive airbag sensor market during the forecast period.

Key Automotive Airbag Sensor Market Trend

The consolidation by acquisitions in the automotive airbag and its component market will fuel the global automotive airbag sensor market growth. The major reasons for the growth of the market will be the increasing safety regulations in emerging markets and the tightening of safety regulations for new vehicles. This will result in an increase in the number of airbags per vehicle and better technological advancements. These factors are bringing in the trend of consolidation in the global automotive airbag market and its components market. For instance, in October 2020, Toyobo Co., Ltd. agreed to set up a joint venture firm to produce yarns for automobile airbags with Bangkok-based Indorama Polyester Industries PCL (IPI), which is under the umbrella of the world's largest polyethylene terephthalate (PET) producer, Indorama Ventures PCL. All these acquisitions are leading to consolidation in the automotive airbags market, which would increase the profits for automotive airbag and airbag component manufacturers, and ultimately have a positive impact on the global automotive airbag sensor market during the forecast period.

Key Automotive Airbag Sensor Market Challenge

The sharp decline in automobile production and sales is a major challenge for the global automotive airbag sensor market growth. All passenger cars and commercial vehicles have windshields and windows. Therefore, the overall production and sales of automobiles will have an impact on the global automotive airbag sensor market. Since 2018, the global automotive market has been registering a slump in terms of sales and production, which is leading to a decline in the demand for several automotive components. US light-vehicle sales are estimated to have dropped 12.2% year on year (y/y) to 1,227,420 units in July and decreased 21.8% y/y to 7,688,741 units in the year to date (YTD). The seasonally adjusted annual rate (SAAR) of US light-vehicle sales is estimated to be 14.1-14.5 million units in July 2020. However, the industry recovered in Q3, with June being the last month with negative growth. The annual sales for the automotive market reported a decline of 16.5% compared to 2019 with 2.47 million unit sales in 2020. Such factors that adversely affect automotive sales and production are reducing the demand for automotive components and parts, such as airbags, in the global automotive market and are hampering the growth of the global automotive airbag sensor market.

This automotive airbag sensor market 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive airbag sensor market as a part of the global automotive components and accessories market within the global auto 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 automotive airbag sensor market during the forecast period.

Who are the Major Automotive Airbag Sensor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Analog Devices Inc.
  • Continental AG
  • DENSO Corp.
  • HELLA GmbH & Co. KGaA
  • Infineon Technologies AG
  • Mitsubishi Electric Corp.
  • NXP Semiconductors NV
  • Robert Bosch GmbH
  • Toyoda Gosei Co. Ltd.
  • ZF Friedrichshafen AG

 

This statistical study of the automotive airbag sensor market encompasses successful business strategies deployed by the key vendors. The automotive airbag sensor market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Analog Devices Inc. - The company offers products such as ADXL251, dual-axis, integrated satellite sensor, ADXL151, a g range configurable single axis integrated satellite sensor and other products.

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 automotive airbag sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive Airbag Sensor Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive airbag sensor market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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 global auto components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive Airbag Sensor Market?

Automotive Airbag Sensor Market Share by Geography

For more insights on the market share of various regions Request for a FREE sample now!

53% of the market’s growth will originate from APAC during the forecast period. China, Japan, South Korea (Republic of Korea), and India are the key markets for automotive airbag sensor market in APAC. Market growth in this region will be slower than the growth of the market in regions.

The production shift to low-cost countries will facilitate the automotive airbag sensor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the regional market witnessed a significant decline in revenue due to the outbreak of the COVID-19 pandemic. In addition, automotive sales dropped in 2020, which led to a decline in the demand for airbag sensors. However, in the last quarter of 2020, many countries across APAC lifted the restrictions on various businesses. The vendors were then able to resume their routine operations by adhering to the COVID-19 guidelines. Vendors mandated social distancing and restricted the entry of non-essential visitors at their facilities. In-person interactions in workplaces were limited, and daily temperature monitoring was mandated at the entry points. Such initiatives are expected to help vendors remain operational and allow the market to recover slowly during the forecast period. These factors are expected to drive the demand for automotive airbag sensors in APAC, which will drive the market in focus during the forecast period.

What are the Revenue-generating Application Segments in the Automotive Airbag Sensor Market?

Automotive Airbag Sensor Market Share

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

The automotive airbag sensor market share growth in the passenger cars segment will be significant during the forecast period. The penetration of frontal airbags in the passenger cars segment is high. Moreover, the adoption of side/curtain airbags, knee airbags, and exterior airbags is increasing in the passenger cars segment. This is expected to remain a major driving factor for the growth of the passenger cars segment in the global automotive airbag sensor market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive airbag sensor market size and actionable market insights on post COVID-19 impact on each segment.

Automotive Airbag Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.94%

Market growth 2021-2025

$ 70.99 million

Market structure

Fragmented

YoY growth (%)

2.34

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Germany, Japan, South Korea (Republic of Korea), and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Analog Devices Inc., Continental AG, DENSO Corp., HELLA GmbH & Co. KGaA, Infineon Technologies AG, Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch GmbH, Toyoda Gosei Co. Ltd., 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 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.

Request for a FREE sample

What are the Key Data Covered in this Automotive Airbag Sensor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive airbag sensor market growth during the next five years
  • Precise estimation of the automotive airbag sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive airbag sensor industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive airbag sensor market vendors

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

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis – Auto components and accessories market

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 15: Application - Market share 2020-2025 (%)
    • 5.2 Comparison by Application
      • Exhibit 16: Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2020-2025
      • Exhibit 17: Passenger cars - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Passenger cars - Year-over-year growth 2020-2025 (%)
    • 5.4 LCVs - Market size and forecast 2020-2025
      • Exhibit 19: LCVs - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: LCVs - Year-over-year growth 2020-2025 (%)
    • 5.5 MCVs and HCVs - Market size and forecast 2020-2025
      • Exhibit 21: MCVs and HCVs - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: MCVs and HCVs - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Application
      • Exhibit 23: Market opportunity by Application

    6 Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 APAC - Market size and forecast 2020-2025
      • Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 North America - Market size and forecast 2020-2025
      • Exhibit 31: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: North America - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 43: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 44: Market positioning of vendors
        • 10.3 Analog Devices Inc.
          • 10.4 Continental AG
            • Exhibit 50: Continental AG - Overview
            • Exhibit 51: Continental AG - Business segments
            • Exhibit 52: Continental AG - Key news
            • Exhibit 53: Continental AG - Key offerings
            • Exhibit 54: Continental AG - Segment focus
          • 10.5 DENSO Corp.
            • Exhibit 55: DENSO Corp. - Overview
            • Exhibit 56: DENSO Corp. - Business segments
            • Exhibit 57: DENSO Corp. - Key offerings
            • Exhibit 58: DENSO Corp. - Segment focus
          • 10.6 HELLA GmbH & Co. KGaA
            • Exhibit 59: HELLA GmbH & Co. KGaA - Overview
            • Exhibit 60: HELLA GmbH & Co. KGaA - Business segments
            • Exhibit 61: HELLA GmbH & Co. KGaA - Key offerings
            • Exhibit 62: HELLA GmbH & Co. KGaA - Segment focus
          • 10.7 Infineon Technologies AG
            • Exhibit 63: Infineon Technologies AG - Overview
            • Exhibit 64: Infineon Technologies AG - Business segments
            • Exhibit 65: Infineon Technologies AG - Key news
            • Exhibit 66: Infineon Technologies AG - Key offerings
            • Exhibit 67: Infineon Technologies AG - Segment focus
          • 10.8 Mitsubishi Electric Corp.
            • Exhibit 68: Mitsubishi Electric Corp. - Overview
            • Exhibit 69: Mitsubishi Electric Corp. - Business segments
            • Exhibit 70: Mitsubishi Electric Corp. - Key offerings
            • Exhibit 71: Mitsubishi Electric Corp. - Segment focus
          • 10.9 NXP Semiconductors NV
            • Exhibit 72: NXP Semiconductors NV - Overview
            • Exhibit 73: NXP Semiconductors NV - Business segments
            • Exhibit 74: NXP Semiconductors NV - Key news
            • Exhibit 75: NXP Semiconductors NV - Key offerings
          • 10.10 Robert Bosch GmbH
            • Exhibit 76: Robert Bosch GmbH - Overview
            • Exhibit 77: Robert Bosch GmbH - Business segments
            • Exhibit 78: Robert Bosch GmbH - Key news
            • Exhibit 79: Robert Bosch GmbH - Key offerings
            • Exhibit 80: Robert Bosch GmbH - Segment focus
          • 10.11 Toyoda Gosei Co. Ltd.
            • Exhibit 81: Toyoda Gosei Co. Ltd. - Overview
            • Exhibit 82: Toyoda Gosei Co. Ltd. - Business segments
            • Exhibit 83: Toyoda Gosei Co. Ltd. - Key news
            • Exhibit 84: Toyoda Gosei Co. Ltd. - Key offerings
            • Exhibit 85: Toyoda Gosei Co. Ltd. - Segment focus
          • 10.12 ZF Friedrichshafen AG
            • Exhibit 86: ZF Friedrichshafen AG - Overview
            • Exhibit 87: ZF Friedrichshafen AG - Business segments
            • Exhibit 88: ZF Friedrichshafen AG - Key news
            • Exhibit 89: ZF Friedrichshafen AG - Key offerings
            • Exhibit 90: ZF Friedrichshafen AG - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 91: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 92: Research Methodology
              • Exhibit 93: Validation techniques employed for market sizing
              • Exhibit 94: Information sources
            • 11.4 List of abbreviations
              • Exhibit 95: 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.

            TechnavioINFORMATION 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
            Technavio

            TechnavioDATA 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
            Technavio

            TechnavioREPORT WRITING

            Qualitative

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

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
            Get your sample now!
            Automotive Airbag Sensor Market market growth will increase by $70.99 mn during 2021-2025.
            The automotive airbag sensor market market is expected to grow at a CAGR of 2.94% during 2021-2025.
            Technavio has segmented the automotive airbag sensor market market by application (passenger cars, LCVs, and MCVs and HCVs) ,geography (APAC, Europe, North America, South America, and MEA) , and geographic (APAC, Europe, North America, South America, and MEA).
            Analog Devices Inc., Continental AG, DENSO Corp., HELLA GmbH & Co. KGaA, Infineon Technologies AG, Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch GmbH, Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG are a few of the key vendors in the automotive airbag sensor market market.
            APAC will register the highest growth rate of 53% among the other regions. Therefore, the automotive airbag sensor market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            • China
            • US
            • Germany
            • Japan
            • South Korea (Republic of Korea)
            • India
            The key factors driving the automotive airbag sensor market market growth are:
            • Production shift to low-cost countries
            • Consolidation by acquisitions in the automotive airbag and its component market
            The automotive airbag sensor market market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
            • 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?
            • Off-the-shelf research reports
            • Reports can be tailored to meet the customer's needs
            • Trusted by more than 100 fortune 500 organizations
            • Information about the market's key drivers, trends, and challenges
            • Parent market analysis
            • Every week, 50,000 people visit our subscription platform
            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

            Certified ISO 9001 : 2015

            We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

            We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

            Safe and Secure SSL Encrypted
            Technavio

            info
            close
            • Single User:

              Quick and easy buy and download option

            • Enterprise:

              Flexible option - Complimentary customization included

            2500 USD

            Technavio Get the report (PDF) sent to your email within minutes.

            Subscribe & Save

            Get lifetime access to our
            Technavio Insights

            Customized Report as per your Business Needs

            • Our analysts will work directly with you and understand your needs
            • Get data on specified regions or segments, competitor and Vendors
            • Data will be formatted and presented as per your requirements
            • We offer $1000 worth of FREE customization at the time of purchase

            Let us help you make report more suited to your requirements.

            • Get a competitive breakdown as per your niche industry
            • Customize the data with various metrics that meet your business prerequisite
            • Understand Revenue Sources, Customers and many more
            • Details on Market Share
            • These customizations are done in a short amount of time by our analysts and industry experts
            Technavio
            Enquire Before Buying
            17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>