Global Automotive Center Airbag System Market 2017-2021

Overview of the global automotive center airbag system market

Market research analysts at Technavio predict that the global automotive center airbag system market will grow steadily over the next four years and in terms of units will post a CAGR of more than 8% by 2021. This market research analysis identifies the growing fatality rate due to rise in rollover accidents as one of the key growth factors for the global automotive center airbag system market. The airbag systems play a pivotal role in reducing or further controlling the number of accidents. Also, during collisions, the airbag system can further prevent the chances of major fatalities from occurring. Moreover, with the advances in technology, the automakers are also introducing robust innovations in the airbag system for delivering greater security to the passengers. These innovations eradicate major injuries to the passengers during fatalities such as font-end collisions, rollovers, and side-impact accidents. The automotive center airbag system is basically mounted on steering wheels and front panels to deliver agile and quick support systems to the passengers. However, these systems have shown lesser security in case of side collisions and rollover accidents. This fewer security delivered during side collisions will further propel the growth of the market.

Factors such as the rise in need for enhanced safety, rigid competition among OEMs, and the increased implementation of safety norms will also contribute to the growth of the automotive center airbag system. Also, the introduction of stringent guidelines from the regulatory bodies across the world on the use of robust automotive center airbag systems will also stimulate the growth of the market. Moreover, the rising number of fatalities is also promoting the use of automotive center airbag system as a precaution to avoid fatalities.

Competitive landscape and key vendors

The automotive center airbag system market is characterized by the presence of few established players that manufacture and supply center airbag systems. The competition is likely to intensify owing to the need to meet the benchmark on the reduction of maximum on-road casualties without compromising the safety standards. To retain their foothold in the market, the manufacturers are focusing on developing cost-effective products, which will reduce the overall cost affiliated with the products.

The leading vendors in the market are –

• Autoliv
• Takata
• ZF TRW
• Hyundai Mobis
• Faurecia

The other prominent vendors in the market are Joyson, Nihon Plast, Toyoda Gosei, and Ashimori.

Market segmentation by geography and analysis of the automotive center airbag system market

• Americas
• APAC
• EMEA

The Americas accounted for the major share of the automotive center airbag system market during 2016. The presence of major manufacturing hubs is contributing to the growth of the market in the region. In the Americas, the US dominated the automotive center airbag system market. Factors such as the introduction of stringent regulations by the US federal government and the growing consumer preference toward large and big vehicles such as SUVs, will fuel the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global automotive center airbag system market?
• What are the key market trends impacting the growth of the global automotive center airbag system market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive center airbag system market?
• What are the market opportunities and threats faced by the vendors in the global automotive center airbag system market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive center airbag system market?

Technavio also offers customization on reports based on specific client requirement.

Since center airbags protect passengers and drivers in near-side and far-side crashes by minimizing side displacement, automotive manufacturers have started equipping their products with center airbag modules. This will not only help them in differentiating their products from their competitors’ but the increased safety feature will also aid in increasing the sales volume, especially in the developed economies. Such benefits will increase their demand from automotive companies, intensifying the competitive environment among vendors. To help clients in the automotive electronics sector gain a competitive edge over the other players, the global market research firm Technavio provides a collection of market study reports that will help clients stay updated on the technological advancements and also identify new growth opportunities. The market intelligence reports from Technavio also provide detailed information on all the vendors who have established a significant presence in the automotive industry.

To identify the industry’s growth prospects, market research experts at Technavio follow a mix of effective  research techniques and consider factors such as the demand for products across different geographical regions. With complete information on various parameters such as the shift in customer preferences and the products and services offered by competitors in the international and domestic markets, our upcoming market research report on automotive center airbag module for the forecast period of 2017 to 2021 will help clients understand the frequently changing landscape for the automotive electronics sector.

This upcoming report on automotive center airbag module also considers the growth of the similar markets such as automotive pressure sensors that is expected to grow at a CAGR of more than 6% during the period 2017 to 2021 and automotive airbags, which will grow at a CAGR of almost 7% by 2020. Analysts predict that the new side impact test protocols followed by the regulatory bodies such as Euro NCAP that is inducing automakers to enhance occupant safety in automobiles will increase the demand for automotive center airbag modules in the coming years. In addition to syndicated reports, Technavio also offers personalized market study reports based on client specifications, which will help the regional or domestic vendors enhance their market position in this highly competitive market.

The upcoming industry research report for automotive center airbag module also identifies the major influencers, emerging trends, as well as the challenges currently experienced by the vendors in the automotive electronics sector. Additionally, the report also presents insights into the varying competitive landscape to give clients a realistic picture of the future direction of the automotive industry.