Global Automotive Knee Airbag Systems Market 2017-2021

Overview of the global automotive knee airbag systems market

The global automotive knee airbag systems market is anticipated to grow at a steady rate and will post a CAGR of more than 9% during the forecast period. The increasing fatality rate due to the growing number of roll-over accidents will drive the growth prospects for the global automotive knee airbag systems market in the forthcoming years. One of the major factors responsible for the growing preference for airbag systems in moving vehicles includes its features and benefits that reduce fatality during the collision and ensure the passenger protection during front-end collisions, rollovers, and side-impact accidents. Also, the market is witnessing an increasing demand for advanced safety systems in automobiles, especially knee and curtain airbag systems to avoid side-impact accidents. Furthermore, increase in awareness of advanced automotive safety systems among consumers, government initiatives to ensure passenger safety, and automobile sales will also drive the market’s growth over the predicted period.

The emergence of inflatable molded plastic bladder airbag systems fitted inside glove boxes will drive the growth prospects for the global automotive knee airbag systems market until the end of 2021. It has been observed that the new materials and deployment techniques will make the airbag inflation time shorter and reduce the overall weight of the vehicle. One such innovative material that has come into existence is an inflatable plastic bladder molded airbag systems, which provides advanced protection to the driver and passengers in a car.

Competitive landscape and key vendors

The global automotive airbag systems market is characterized by the presence of a few number of established players across the globe. Some of the major factors that will strengthen the competitive environment of the market include the implementation of stringent safety norms, an increase in the awareness of vehicle safety among the people, and the automotive industry striving to achieve the benchmark of no on-road causalities.

Key vendors in this market are -

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

Other prominent vendors in the market include Ashimori, Ningbo Joyson Electronic, Nihon Plast, and Toyoda Gosei.

Segmentation by geography and analysis of the automotive knee airbag systems market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market’s growth in the region is the US in North America that dominates the global luxury car market in terms of volume sales.

Growth drivers, challenges, and upcoming trends: Increasing electronic content per vehicle

The use of mechanical parts and components is declining with the shifting focus of automotive industry towards the use of high performance and energy-efficient materials and systems. Also, the safety systems integrated into mass and mid-end vehicles will further drive the electronic content per vehicle across the globe.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global automotive knee airbag systems market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

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 knee airbag systems market?
• What are the key market trends impacting the growth of the global automotive knee airbag systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive knee airbag systems market?
• What are the market opportunities and threats faced by the vendors in the global automotive knee airbag systems market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global automotive knee airbag systems market?

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