28 January 2019: Airbag
Market production is about 388 million units in 2016, with
revenue of 12 billion USD. The prospect of airbag industry is good in next
years. The global production of airbag is expected to be 512 million units in
2022, with a CAGR of 5.6%. The airbag is considered one of the automotive units
for safety. The main purpose of the automobile airbag is to cushion pilot
during a vehicle accident and protect the body when the body hits the interior
objects such as vehicle steering, wheel or window. It includes the shell fabric
or a cushion designed to inflate at the time of the collision. Automotive
airbags are deployed with a sensor that activates the airbags depending on the
type and severity of the collision. A modern vehicle is designed with several
airbags located on the different side and frontal location of the person
driving the vehicle. The modern vehicle is composed of the airbag control unit
that monitors the various parts in the vehicle, such as pressure breaks, side door,
and the speed of the wheel.
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Automotive is the major end user of airbag followed by
military aircraft and aerospace. Based on a location of airbags in the market
for global vehicle airbag can be bifurcated seat cushion airbag center, rear
curtain airbags, knee airbag, side airbags and front airbags. Front airbags
registered for the largest share of the market followed by side airbags. An increasing number of deaths in road
accidents are accelerating demand for security measures, increasing the global
market for automotive airbags. In addition, the safety rules involved by the
government and rising life expectancy are also the engine of airbag global
market. Increasing disposable income levels have influenced individuals to
spend more on the safety features in the vehicle, which further increases the
demand for automotive airbags market. In addition, increasing customer
awareness of technological changes related to safety equipment in the vehicle may
act as a market player in the coming future. The airbag technology on two
wheels can provide the growth opportunity for the market leaders.
The New Car Assessment Program of the United States (US
NCAP) is a leading information program for the US Department of Consumer
National Highway Traffic Safety Administration of Transportation (NHTSA). In
the coming years, US NCAP adjusts its rating system to reflect improvements in
safety devices in American vehicles. This will make it tougher for a vehicle to
reach the highest ratings, thereby encouraging manufacturers to produce
vehicles exceeding federal safety minimum requirements. This should have a
positive effect on the airbag market.
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Airbag Market by
Geographical Regions:-
•
United States
•
EU
•
China
•
Japan
•
South Korea
•
India
Airbag Market by
Applications:-
•
Passenger Vehicle
•
Commercial Vehicle
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