Automotive Airbag Market Size to Grow by 112.64 Million Units During 2021-2025

Technavio has been monitoring the automotive airbag market and it is expected to grow by 112.64 million units, decelerating at a CAGR of almost 6.15% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Automotive Airbag Market: APAC to lead market growth during the forecast period

• 49% of the market growth will originate from APAC during the forecast period.
• Growth by the side airbag segment will be significant during the forecast period. The continuous increase in demand for premium cars among HNWIs and UHNWIs will contribute to the growth of the side airbag segment. 
• Automotive production shift to low-cost countries will be a significant factor in driving the growth of the automotive airbag market.

Automotive Airbag Market: Key Competitors

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Ashimori Industry Co. Ltd., Autoliv Inc., Continental AG, Daicel Corp., Hyundai Mobis Co. Ltd., Mitsubishi Electric Corp., Ningbo Joyson Electronic Corp., Robert Bosch GmbH, Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

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Automotive Airbag Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive airbag market growth during the next five years
• Precise estimation of the automotive airbag market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive airbag market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive airbag market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is decelerate at a CAGR of 6.15%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by 112.64 mn units through 2021-2025.
    
3. What is a key factor driving this market?
   Automotive production shift to low-cost countries will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   49% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Ashimori Industry Co. Ltd., Autoliv Inc., Continental AG, Daicel Corp., Hyundai Mobis Co. Ltd., Mitsubishi Electric Corp., Ningbo Joyson Electronic Corp., Robert Bosch GmbH, Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG
    
7. What are the market segments covered in this report?
   The market is segmented by Type (Side airbag and Front airbag) and Geography (APAC, Europe, North America, South America, and MEA)