Driver Frontal Airbags to Revolutionize the Automotive Sector during the Forecast Period 2019-2026

Introduction

Airbags play a vital role for a safety of passenger in a car during these modern days and it is becoming standardized safety feature in most of the automobiles across the world. These airbags are available in different size and shapes and are capable of protecting almost every part of a human body in a car accident. According to the National Highway Traffic Safety Administration (NHTSA), a branch of the U.S. government, part of the Department of Transportation, frontal air bags saved 44,869 lives from 1987 to 2015. Throughout the years, automotive airbag technology has been upgrading to ensure the safety of the passengers. The recent trends in the automotive airbag technology are o reduce the size of airbags and smart air pressure control mechanism which regulates inflation.

Segmental Insights

The global automotive airbag market is segmented by types and vehicle type. On the basis of the type, the market is segmented into driver front airbag, passenger front airbag, side airbag, knee airbag, curtain airbag, pedestrian airbag and others. On the basis of the vehicle type, the market is a passenger vehicle and commercial vehicle. According to the National Highway Traffic Safety Administration, airbags have been the cause of more than 170 fatalities in the United States since 1990.

On the basis of the types, driver front airbag holds the major automotive airbag market share among other segments due to the strict regulatory by traffic safety authorities regarding driver’s protection in case of accidents.

On the basis of the vehicle type, the market is segmented into passenger vehicle and commercial vehicle. Passenger vehicles holds the major share of the automotive airbag market, owing to stringent regulation imposed by governments for passenger safety.

Regional Insights

On the basis of region, the global automotive airbag market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).

Asia Pacific is expected to witness high market growth during the forecast period, as most of the multinational suppliers in Asia Pacific have invested heavily in R&D. For instance, Bosch opens first smart factory in Thailand to respond to growing automobile production in Thailand. It invested 80 million euros in total in the new smart factory in Thailand.

The automotive industry of Germany is one of the most important drivers for the automotive airbag market in Europe.

North America is one of the leading regions in automotive airbag market as safety restraint systems in automobiles have progressively gained attention in the countries like U.S. and Canada.

Increasing sale of luxurious cars is expected to drive the automotive airbag market in LAMEA region during the forecast period.

Competitive Players

1. Continental AG
2. Aptiv Plc
3. Toyoda Gosei
4. Denso Corporation
5. Robert Bosch
6. Key Safety Systems
7. Mitsubishi Electric
8. ZF
9. Infineon Technologies AG
10. Rhodius GmbH
11. Tokia Rika
12. Sumitomo Electric Industries, Ltd
13. Ashimory Industry
14. Telamon

Recent Developments

Recent Developments

• February 2022- DENSO Corporation ("DENSO") and Sony Semiconductor Solutions Corporation ("SSS") announced that DENSO would invest USD 0.35 billion in Japan Advanced Semiconductor Manufacturing, Inc. ("JASM"), TSMC's majority-owned manufacturing affiliate in Kumamoto Prefecture, Japan. Due to this equity transaction, DENSO will hold a more than 10% equity position in JASM.
• January 2022- Continental AG and Volterio are collaborating to develop fully automated charging robots for electric vehicles in January 2022.
• January 2022- Toyoda Gosei Co., Ltd. (TOKYO:7282) has created a lighter-weight oil pump, one of the component elements in automotive transmissions, using plastic instead of metal in some areas of the pump.
• February 2022- The Mitsubishi Electric Corporation has been granted a contract to provide communications-based train control (CBTC) wayside technology to handle train traffic on the Queens Boulevard Line's east end (QBL).

Segmentation

1. By Position
   1. Frontal Airbag
   2. Side Airbag
   3. Knee Airbag
2. By Fabric
   1. Coated
   2. Non-Coated
3. By Type
   1. Passenger Vehicle
   2. Commercial Vehicle
4. By Distribution Channels
   1. OEM
   2. Aftermarket