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Global Airbag Sensor Market to reach USD 16.07 billion by the end of 2030.

Global Airbag Sensor Market Size study & Forecast, by Type (Mechanical, Electrical), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Position (Bumper, Side Door, Engine), by Propulsion Type (ICE, Electric) and Regional Analysis, 2023-2030

Product Code: ALTAMC-43022769
Publish Date: 10-01-2024
Page: 200

Global Airbag Sensor Market is valued at approximately USD 10.52 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.44% during the forecast period 2023-2030. An airbag sensor is a crucial component in modern vehicle safety systems designed to enhance occupant protection during collisions. These sensor are integrated into the vehicle’s airbag system, these sensors play a pivotal role in determining when and with what force airbags should deploy. Airbag sensors utilize various technologies, such as accelerometers or gyroscopes, to detect abrupt changes in vehicle speed or deceleration, indicating a collision. The Airbag Sensor Market is expanding because of factors such as the emergence of government regulations and safety standards, overall growth in the automotive industry and increasing focus on road safety at a global level.

Rising incidence of road accidents and fatalities on a global scale has prompted numerous countries to take decisive actions. In response to this alarming situation, several nations are implementing new road and traffic laws with the primary goal of enhancing public safety and curbing the rising trend of road accidents. For instance, in 2018 the European Union made it mandatory for all light vehicles to be equipped with emergency SOS call systems. In a significant move toward vehicular safety, the Indian government, in September 2022, introduced stringent regulations mandating the inclusion of six airbags for passengers in all light vehicles. Governments worldwide are driven by a shared motivation to foster safer road conditions and transportation systems, leading to the establishment of comprehensive safety regulations. Consequently, the heightened awareness of vehicle safety measures being championed by various governments globally is anticipated to generate a substantial increase in the demand for safety-related products, resulting in market growth. In addition, rising technological advancement and growing awareness among consumers about vehicle safety are creating new opportunities for market growth. However, the high cost of airbag sensors stifle the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Airbag Sensor Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Europe dominated the market in 2022 owing to the rising vehicle production, rising demand for autonomous and connected vehicles, rising government initiatives for vehicle safety and product innovation activities in the region. Asia Pacific is expected to grow at the fastest rate over the forecast period, owing to factors such as rising government policies on vehicle safety, rising automotive production, and rising investment in automotive technology research and development.

Major market player included in this report are:
Infineon Technologies AG
Mitsubishi Electric Corporation.
Continental AG
NXP Semiconductors
ZF Friedrichshafen AG
Robert Bosch GmBH
Yanfeng Automotive Safety Systems Co. Ltd
Hella GmbH & Co. KGaA
Denso Corporation
Analog Devices Inc.

Recent Developments in the Market:
Ø In July 2023, Autoliv Inc. unveiled a cutting-edge airbag module, designed with fluid dynamic principles. This innovation enables airbag systems to expand their coverage area, effectively minimizing passenger injury by providing enhanced protection across broader sections of vehicles.
Ø In November 2022, Melexis revealed its latest automotive pressure sensor, renowned for its exceptional accuracy, specifically designed for Internal Combustion Engine (ICE) vehicles. The company introduces a new lineup of integrated pressure sensors within this series, capable of precisely measuring absolute pressure and providing a digital output signal to seamlessly communicate with its interconnected products.

Global Airbag Sensor Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Vehicle Type, Position, Propulsion Type, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü 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 market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters 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 the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Mechanical
Electrical

By Vehicle Type:
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

By Position:
Bumper
Side Door
Engine

By Propulsion Type:
ICE
Electric

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Airbag Sensor Market, by Region, 2020-2030 (USD Billion)
1.2.2. Airbag Sensor Market, by Type, 2020-2030 (USD Billion)
1.2.3. Airbag Sensor Market, by Vehicle Type, 2020-2030 (USD Billion)
1.2.4. Airbag Sensor Market, by Position, 2020-2030 (USD Billion)
1.2.5. Airbag Sensor Market, by Propulsion Type, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Airbag Sensor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Airbag Sensor Market Dynamics
3.1. Airbag Sensor Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Emergence of government regulations and safety standards
3.1.1.2. Overall growth in the automotive industry
3.1.1.3. Increasing focus on road safety at a global level
3.1.2. Market Challenges
3.1.2.1. High Cost of Airbag Sensor
3.1.3. Market Opportunities
3.1.3.1. Rising technological advancement
3.1.3.2. Growing awareness among consumers about vehicle safety
Chapter 4. Global Airbag Sensor 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. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Airbag Sensor Market, by Type
5.1. Market Snapshot
5.2. Global Airbag Sensor Market by Type, Performance – Potential Analysis
5.3. Global Airbag Sensor Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Airbag Sensor Market, Sub Segment Analysis
5.4.1. Mechanical
5.4.2. Electrical
Chapter 6. Global Airbag Sensor Market, by Vehicle Type
6.1. Market Snapshot
6.2. Global Airbag Sensor Market by Vehicle Type, Performance – Potential Analysis
6.3. Global Airbag Sensor Market Estimates & Forecasts by Vehicle Type 2020-2030 (USD Billion)
6.4. Airbag Sensor Market, Sub Segment Analysis
6.4.1. Passenger Cars
6.4.2. Light Commercial Vehicles
6.4.3. Heavy Commercial Vehicles
Chapter 7. Global Airbag Sensor Market, by Position
7.1. Market Snapshot
7.2. Global Airbag Sensor Market by Position, Performance – Potential Analysis
7.3. Global Airbag Sensor Market Estimates & Forecasts by Position 2020-2030 (USD Billion)
7.4. Airbag Sensor Market, Sub Segment Analysis
7.4.1. Bumper
7.4.2. Side Door
7.4.3. Engine
Chapter 8. Global Airbag Sensor Market, by Propulsion Type
8.1. Market Snapshot
8.2. Global Airbag Sensor Market by Propulsion Type, Performance – Potential Analysis
8.3. Global Airbag Sensor Market Estimates & Forecasts by Propulsion Type 2020-2030 (USD Billion)
8.4. Airbag Sensor Market, Sub Segment Analysis
8.4.1. ICE
8.4.2. Electric
Chapter 9. Global Airbag Sensor Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Airbag Sensor Market, Regional Market Snapshot
9.4. North America Airbag Sensor Market
9.4.1. U.S. Airbag Sensor Market
9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Vehicle Type breakdown estimates & forecasts, 2020-2030
9.4.1.3. Position breakdown estimates & forecasts, 2020-2030
9.4.1.4. Propulsion Type breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Airbag Sensor Market
9.5. Europe Airbag Sensor Market Snapshot
9.5.1. U.K. Airbag Sensor Market
9.5.2. Germany Airbag Sensor Market
9.5.3. France Airbag Sensor Market
9.5.4. Spain Airbag Sensor Market
9.5.5. Italy Airbag Sensor Market
9.5.6. Rest of Europe Airbag Sensor Market
9.6. Asia-Pacific Airbag Sensor Market Snapshot
9.6.1. China Airbag Sensor Market
9.6.2. India Airbag Sensor Market
9.6.3. Japan Airbag Sensor Market
9.6.4. Australia Airbag Sensor Market
9.6.5. South Korea Airbag Sensor Market
9.6.6. Rest of Asia Pacific Airbag Sensor Market
9.7. Latin America Airbag Sensor Market Snapshot
9.7.1. Brazil Airbag Sensor Market
9.7.2. Mexico Airbag Sensor Market
9.8. Middle East & Africa Airbag Sensor Market
9.8.1. Saudi Arabia Airbag Sensor Market
9.8.2. South Africa Airbag Sensor Market
9.8.3. Rest of Middle East & Africa Airbag Sensor Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Infineon Technologies AG
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. Mitsubishi Electric Corporation.
10.3.3. Continental AG
10.3.4. NXP Semiconductors
10.3.5. ZF Friedrichshafen AG
10.3.6. Robert Bosch GmBH
10.3.7. Yanfeng Automotive Safety Systems Co. Ltd
10.3.8. Hella GmbH & Co. KGaA
10.3.9. Denso Corporation
10.3.10. Analog Devices Inc.
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
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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.
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