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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Airbag Market to reach USD XX billion by the end of 2029.

Global Airbag Market Size study & Forecast, by Module (Inflator, Air bag), by Type (Front Airbag, Knee Airbag, Side Airbag, Curtain Airbag), by Vehicle Type (Passenger Vehicle, Commercial Vehicle), by Material (Polyester Fiber, Nylon, Others), by Sales Channel (OEM, Aftermarket) and Regional Analysis, 2022-2029

Product Code: ALTAMC-13796457
Publish Date: 17-10-2022
Page: 200

Global Airbag Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Over the course of the projection period, there will likely be a noticeable increase in demand for airbags globally. Over the next few years, the worldwide market is anticipated to be driven by rising demand for airbag modules, most notably automotive airbags, which is enhanced by strong demand for new automobiles. In the case of an auto accident, airbag cushions open up and protect the occupants. Additionally, the introduction of airbags in two-wheelers is providing the market with profitable growth prospects over the anticipated future.

The World Health Organization estimates that traffic accidents claim the lives of almost 1.25 million people annually. For instance, airbags are frequently employed in automobiles to lessen the effect of impacts and to enhance the overall vehicle safety to minimize the number of collisions. Additionally, according to the European Automobile Manufacturers Association, in the same month of 2021, there were 10% more passenger car registrations in the European Union than in the same month of the previous year. The demand for Special Utility Vehicles (SUVs) has also increased recently as a result of a rise in travel and leisure activities throughout the world. However, during the projected period of 2022-2029, the market’s development is restrained by the high cost of airbags.

The key regions considered for the Global Airbag Market study includes Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is dominating the market in the year 2021. This may be largely credited to the different safety measures adopted by governmental organizations such as the National Highway Traffic Safety Administration (NHTSA). Due to factors including an increase in car sales and the desire for safer automobiles, Asia Pacific is still in its infancy and is anticipated to expand significantly. The region’s production level tends to rise in China, which is now the largest producer of airbags in Asia because of its easy access to raw materials and affordable labour.

Major market players included in this report are:
Takata Corporation
Denso Corporation
Toyoda Gosei Co., Ltd.
Autoliv, Inc
Delphi Automotive PLC
Robert Bosch GmbH
Key Safety Systems, Inc.
Hyundai Mobis Co., Ltd
Continental AG
Neaton Auto Products Manufacturing, Inc

Recent Developments in the Market:
 In order to create an airbag for two-wheelers, Autoliv Inc. teamed up with Piaggio Group in 2021. To determine if this device performs as intended and designed, the business has already started conducting extensive crash testing. In a 2-wheeler vehicle system, the airbags are installed on both sides of the motorcycle to ensure that the entire vehicle is protected, hence ensuring pedestrian safety.
 A new front-center airbag was introduced in 2019 by Autoliv Inc. It is installed between the driver and front-seat passenger and lowers the risk of head, shoulder, and chest injuries while also saving lives in side-impact collisions.
Global Airbag Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Module, Vehicle Type, Type, Material, Sales Channel, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define the market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study.

The report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with a detailed analysis of the competitive landscape and Module offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Module:
Air bag

By Type:
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag

By Vehicle Type:
Passenger Vehicle
Commercial Vehicle

By Material:
Polyester Fiber

By Sales Channel:

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Airbag Market, by Region, 2019-2029 (USD Billion)
1.2.2. Airbag Market, by Module, 2019-2029 (USD Billion)
1.2.3. Airbag Market, by Type, 2019-2029 (USD Billion)
1.2.4. Airbag Market, by Vehicle Type, 2019-2029 (USD Billion)
1.2.5. Airbag Market, by Material, 2019-2029 (USD Billion)
1.2.6. Airbag Market, by Sales Channel, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Airbag Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Airbag Market Dynamics
3.1. Airbag Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing demand for airbag modules Growing sales of the automotive industry Rising number of road accidents
3.1.2. Market Challenges High Cost of Airbags
3.1.3. Market Opportunities Introduction of airbags in two-wheelers
Chapter 4. Global Airbag Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Airbag Market, by Module
6.1. Market Snapshot
6.2. Global Airbag Market by Module, Performance – Potential Analysis
6.3. Global Airbag Market Estimates & Forecasts by Module 2019-2029 (USD Billion)
6.4. Airbag Market, Sub Segment Analysis
6.4.1. Inflator
6.4.2. Air bag
Chapter 7. Global Airbag Market, by Type
7.1. Market Snapshot
7.2. Global Airbag Market by Type, Performance – Potential Analysis
7.3. Global Airbag Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
7.4. Airbag Market, Sub Segment Analysis
7.4.1. Front Airbag
7.4.2. Knee Airbag
7.4.3. Side Airbag
7.4.4. Curtain Airbag
Chapter 8. Global Airbag Market, by Vehicle Type
8.1. Market Snapshot
8.2. Global Airbag Market by Vehicle Type, Performance – Potential Analysis
8.3. Global Airbag Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
8.4. Airbag Market, Sub Segment Analysis
8.4.1. Passenger Vehicle
8.4.2. Commercial Vehicle
Chapter 9. Global Airbag Market, by Material
9.1. Market Snapshot
9.2. Global Airbag Market by Material, Performance – Potential Analysis
9.3. Global Airbag Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
9.4. Airbag Market, Sub Segment Analysis
9.4.1. Polyester Fiber
9.4.2. Nylon
9.4.3. Others
Chapter 10. Global Airbag Market, by Sales Channel
10.1. Market Snapshot
10.2. Global Airbag Market by Sales Channel, Performance – Potential Analysis
10.3. Global Airbag Market Estimates & Forecasts by Sales Channel 2019-2029 (USD Billion)
10.4. Airbag Market, Sub Segment Analysis
10.4.1. OEM
10.4.2. Aftermarket
Chapter 11. Global Airbag Market, Regional Analysis
11.1. Airbag Market, Regional Market Snapshot
11.2. North America Airbag Market
11.2.1. U.S. Airbag Market Module breakdown estimates & forecasts, 2019-2029 Type breakdown estimates & forecasts, 2019-2029 Vehicle Type breakdown estimates & forecasts, 2019-2029 Material breakdown estimates & forecasts, 2019-2029 Sales Channel breakdown estimates & forecasts, 2019-2029
11.2.2. Canada Airbag Market
11.3. Europe Airbag Market Snapshot
11.3.1. U.K. Airbag Market
11.3.2. Germany Airbag Market
11.3.3. France Airbag Market
11.3.4. Spain Airbag Market
11.3.5. Italy Airbag Market
11.3.6. Rest of Europe Airbag Market
11.4. Asia-Pacific Airbag Market Snapshot
11.4.1. China Airbag Market
11.4.2. India Airbag Market
11.4.3. Japan Airbag Market
11.4.4. Australia Airbag Market
11.4.5. South Korea Airbag Market
11.4.6. Rest of Asia Pacific Airbag Market
11.5. Latin America Airbag Market Snapshot
11.5.1. Brazil Airbag Market
11.5.2. Mexico Airbag Market
11.6. Rest of The World Airbag Market

Chapter 12. Competitive Intelligence
12.1. Top Market Strategies
12.2. Company Profiles
12.2.1. Takata Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
12.2.2. Denso Corporation
12.2.3. Toyoda Gosei Co., Ltd.
12.2.4. Autoliv, Inc
12.2.5. Delphi Automotive PLC
12.2.6. Robert Bosch GmbH
12.2.7. Key Safety Systems, Inc.
12.2.8. Hyundai Mobis Co., Ltd
12.2.9. Continental AG
12.2.10. Neaton Auto Products Manufacturing, Inc.
Chapter 13. Research Process
13.1. Research Process
13.1.1. Data Mining
13.1.2. Analysis
13.1.3. Market Estimation
13.1.4. Validation
13.1.5. Publishing
13.2. Research Attributes
13.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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