New Research 2022: Airbag Market Driving Factors, Growth and Applications

The Airbag Market 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.

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