Automotive Airbag Sensor Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR44102
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The automotive airbag sensor market has the potential to grow by USD 70.99 million during 2021-2025, 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 market segmentation 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 in 2021?

Automotive-Airbag-Sensor-Market-Market-Size-2020-2025

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Automotive Airbag Sensor Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing vehicle safety with more airbags is notably driving the automotive airbag sensor market growth, although factors such as a sharp decline in automobile production and sales may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the automotive airbag sensor industry get your FREE report sample now.

  • It has been observed the death rate caused by road accidents is increasing every year and this draws attention to introducing safety features such as airbags that can reduce fatalities during accidents.
  • Technavio’s market research report has identified increasing vehicle safety with more airbags as one of the primary factors that will fuel the growth of the automotive airbag sensor market in the coming years.
  • Airbags are present in steering panels, front instrument panels, and sides of car doors.
  • The airbag sensor senses the probability of collision and sends a signal to the electronic control unit (ECU) and the ECU deploys the airbag and prevents the passengers from getting injured.
  • With the increasing safety awareness among the consumers, the number of airbags per vehicle will increase and this will drive the growth of this market.
  • The use of micro-electro-mechanical systems (MEMS) sensors for airbags, one of the key automotive airbag sensor market trends, will also drive market growth.
  • To enhance engine operations and reduce emissions, new vehicles exhibit several applications. These applications alert the driver and prevent accidents.
  • To manufacture applications, several electronic components are used.
  • MEMS are small mechanical and electro-mechanical elements made by using microfabrication techniques.
  • MEMS sense the slightest change in the driving environment and extract information both inside and outside the vehicle.
  • With the help of extracted data, the connected control units protect the car from an accident and deploy airbags immediately.
  • The rise of MEMS sensors for airbags and the increasing safety awareness among consumers will drive airbag market growth.

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. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

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

 

The automotive airbag sensor market is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the automotive airbag sensor market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Airbag Sensor Market?

Automotive-Airbag-Sensor-Market-Market-Share-by-Region-2020-2025

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

The high sales and production volume of automobiles and increasing uptake of airbags in medium and heavy-duty trucks will facilitate the automotive airbag sensor market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

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

Automotive-Airbag-Sensor-Market-Market-Share-by-Application-2020-2025

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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 as a major driving factor for the growth of the passenger cars segment in the global automotive airbag sensor market during the forecast period. 

However, The first half of 2020 recorded low sales and production of passenger cars owing to the post COVID-19 shutdown worldwide. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive airbag sensor market size.

 

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What are the Key Factors 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

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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 3%

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

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 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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Passenger cars - Market size and forecast 2020-2025
    • LCVs - Market size and forecast 2020-2025
    • MCVs and HCVs - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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
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      TechnavioREPORT 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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      The automotive airbag sensor market growth will increase by $82.87 million during 2019-2024.
      The automotive airbag sensor market is expected to grow at a CAGR of 3.30% during 2019-2024.
      Technavio has segmented the automotive airbag sensor market by application (Passenger cars, LCVs, and M and HCVs) 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.
      APAC will register the highest growth rate of 54.11% among the other regions. Therefore, the automotive airbag sensor 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 growth are:
      • Production shift to low-cost countries
      • MEMS sensors for airbags
      The automotive airbag sensor 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.
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