Global Automotive Side Airbags Market 2019-2023

Some of the key findings from this automotive side airbags market forecast report are summarized below:

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Global automotive side airbags industry overview

Airbags form an integral part of a vehicle’s safety system as they reduce fatalities during collisions. Generally, airbags are attached to steering panels, front instrument panels, and sides of vehicle doors. However, several airbag manufacturers have introduced curtain airbags which are mounted on roof rails and top of doors. These airbags remain inflated for a longer time and cover the window during impact thereby protecting the passenger during side collisions and rollover. With increasing automotive sales, and growing awareness about vehicular safety, the demand for curtain airbags is expected to increase which will boost the growth of automotive side airbags market.

The demand for enhanced safety features such as curtain airbags is increasing across all automotive segments, including mid-range and entry-level vehicles. In developing countries such as India, China, and Brazil, the side airbag feature is provided in luxury cars and few other passenger cars only. Several automotive OEMs are improving their sales by providing product differentiation based on the presence of side airbags. The growing focus on passenger safety will increase the adoption of side airbags in mid-range and entry-level vehicles. This will be a key trend that is expected to boost automotive side airbags market growth at a CAGR of over 6% during the forecast period.

Top automotive side airbags companies covered in this market research report

The global automotive side airbags market is highly concentrated. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this automotive side airbags market analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies including:

• Autoliv
• HYUNDAI MOBIS
• Joyson Safety Systems
• Toyoda Gosei
• ZF Friedrichshafen

Automotive side airbags market segmentation based on application

• Passenger cars
• Commercial vehicles

The passenger cars segment will account for the highest share in the automotive side airbags market. Passive safety systems have emerged as the product differentiator especially in developing countries. This is driving the growth of this segment in the automotive side airbags market.

Automotive side airbags market segmentation based on geographic region

• MEA
• APAC
• Europe
• North America
• South America

With a complete study of the growth opportunities for the companies, the APAC region will account for the highest growth of the automotive side airbags market throughout the forecast period. The emergence of APAC as an automotive hub for OEMs and component manufacturers is driving automotive side airbags market growth in this region.

Key highlights of the global automotive side airbags market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the automotive side airbags market during the next five years
• Precise estimation of the global automotive side airbags market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive side airbags industry across MEA, APAC, Europe, North America, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details of factors that will challenge the growth of automotive side airbags companies

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