Thursday, 11 February 2016

Automotive Airbag Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

This market research study analyzes the Automotive Airbag System Market on a global level and provides estimates in terms of revenue (USD billion) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the significant opportunities for market growth in the next few years.

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Airbags and seatbelts are passive safety systems. Out of the two, airbags are used widely. Airbags consist of cushions with fabric envelope, designed to inflate rapidly in the event of automotive collision to prevent chest and head injuries. Airbag is mainly available in premium car segments due to high price. In pursuance of increasing demand for air bags, system integrators and OEM’s are heavily investing in R&D for manufacturing cheaper airbags. Recently most of the cars have driver side airbag and many have one on the passenger’s side as well. An airbag module consists of crash sensors, inflator, steering wheel connecting coil and diagnostic monitoring units. The airbags come in different sizes and shapes depending on the vehicle requirements.

The driver side front airbag are padded in the centre of the steering wheel and the passenger side front airbag are fitted in the upper left side of the dash. The driver side airbag is manufactured with heat shield coating to prevent the fabric from the scorching. Side airbags protects the car occupants from head and chest injury during moderate and severe side impact collisions. The airbags are deployed either on the door or seatback. Curtain airbags are mounted inside the sides of the roof frame that protects the car occupants against neck, head and thorax injuries during rollovers. Curtain airbags are larger than side airbags that deploy from the headliner covering the window side to protect the car occupants from neck, head and thorax injuries during rollovers. Knee airbags are located below the steering column on the driver’s side and below the glove box on the passenger side.

The global automotive airbag market is segmented by region into North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW). Increasing focus on consumer safety and stringent government regulations are the major factors driving the automotive airbags market. Reliability and cost effectiveness of the technology are other factors driving this market. Moreover, with the rise in economic prosperity, GDP gains and increased rate of car production in developed countries in APAC and RoW poised the growth of the market. In addition, the market is segmented based on types which includes Front Airbag, Side Airbag, Curtain Airbag and Knee Airbag. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion). for more....

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