Airbag Market Outlook by New Horizons, Trending Manufacturer Witnesses a Trajectory Growth
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.
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.
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also the engine of airbag global market. Increasing disposable income levels have influenced individuals to spend more<br />
on the safety features in the vehicle, which further increases the demand for automotive airbags market. In addition,<br />
increasing customer awareness of technological changes related to safety equipment in the vehicle may act as a market<br />
player in the coming future. The airbag technology on two wheels can provide the growth opportunity for the market<br />
leaders.<br />
North America has the largest market share for a technology of the automobile airbag, followed <strong>by</strong> Asia-Pacific and<br />
Europe. Europe is expected to register average growth in the coming future. The US is the largest user of the technology<br />
of the airbag because of technological advancement. The Asia Pacific region includes Thailand, India and China. Asia<br />
Pacific is anticipated to witness higher growth in the future expected due to the increase in domestic demand for vehicle<br />
safety equipment added to the vehicle. Some of the major companies operating in the global market of the automotive<br />
airbag are Autoliv Inc., Takata Corp., Denso Corp., Toyoda, Tokai Rika Co. Ltd., Key Safety Systems Inc., TRW<br />
Automotive Holdings Corp. and Delphi Automotive plc. The willingness to spend more on safety equipment in the<br />
vehicle encourages multinational enterprises to invest more in this market. security system suppliers such as Autoliv<br />
Inc. (Sweden), Robert Bosch GmbH (Germany), Takata Corporation (Japan), and TRW Automotive (U.S.), and have a<br />
significant presence in the Americas. The Americas region includes Canada, Brazil, Mexico and the United States,<br />
Mexico, Brazil, Canada, and others.<br />
The <strong>New</strong> Car Assessment Program of the United States (US NCAP) is a leading information program for the US<br />
Department of Consumer National Highway Traffic Safety Administration of Transportation (NHTSA). In the coming<br />
years, US NCAP adjusts its rating system to reflect improvements in safety devices in American vehicles. This will<br />
make it tougher for a vehicle to reach the highest ratings, there<strong>by</strong> encouraging manufacturers to produce vehicles<br />
exceeding federal safety minimum requirements. This should have a positive effect on the airbag market.<br />
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<strong>Market</strong> Segment:<br />
Geographically, this report is segmented into several key Regions, with production, consumption, revenue<br />
(million USD), market share and growth rate of <strong>Airbag</strong> in these regions, from 2013 to 2025 (forecast), covering<br />
• United States<br />
• EU<br />
• China<br />
• Japan<br />
• South Korea<br />
• India
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