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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.
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 -
Other prominent vendors in the market include Ashimori, Ningbo Joyson Electronic, Nihon Plast, and Toyoda Gosei.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Geographical segmentation
PART 07: Key leading countries
PART 08: Market drivers
PART 09: Market challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
PART 14: Explore Technavio
Tags: car safety, airbag system, car accessories, auto electronics, automotive industry outlook,
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