An
airbag is a part of the safety
control system in vehicles, which quickly fill with air
when an accident happens. It is used in vehicles to reduce the impact of
collisions, accidents, or crashes. It is consisting of three main components
for instance bag itself, inflation system and sensor. Bag is made of thin &
nylon fabric and folded into steering wheel or dash board. The bag &
inflator are enclosed together in the airbag module. In addition, sensor is
located in the passenger compartment of a vehicle & towards the front, so
if an accident occurs it is quickly detected. Most commonly used
type of sensor is electro mechanical ball-and-tube design.
The
key benefits are helps to prevent forced ejection, reduced
risk of serious head trauma, increase in protection from
slamming into the hard steering wheel and lowers insurance premiums. Apart from
benefits, some of the risks are talcum powder residue, deployment ignition and
inflation force.
According
to study, “World Airbag
Market Research Report 2024(Covering North America, Europe, China, South East
Asia, Japan and India)” the key companies operating in
the world airbag market are Autoliv, TRW (ZF) Automotive, Takata Corp., Ningbo
Joyson Electronic Corp., Toyoda Gosei Corp., Nihon Plast Co. Ltd., Hyundai
Mobis, Ashimori Industry Co., Ltd., Key Safety Systems, Neaton Auto Products
Manufacturing Incorporation, Continental AG, Robert Bosch GmbH, East Joy Long, Delphi
Automotive, Ashimor, Jinheng.
Based
on type, airbag market is segmented
into side airbag, front airbag, curtain airbag (head, torso and combo) and knee
airbag. Based on element, market is segmented into inflation systems, crash
sensors, and bags. Based on module type, market is segmented air bag and into inflator
or gas generator segments. Based on yarn type, market is segmented into
polyester and nylon. Based on coating or fabric type, market is segmented into
non-coated, silicon coating, neoprene coating and others. Based on technology,
market is segmented into pedestrian airbag, fuzzy logic software for airbag,
smart airbag, and occupant sensor system. Based on distribution channel, market
is segmented into aftermarket and OEM. OEM accounted for a
substantial share due to increase in demand of new generation vehicles. In
addition, based on application, market is segmented into commercial vehicle hatchbacks
& sedans, premium vehicle and SUV & crossovers.
The
airbag market is driven by growth in
automotive sector & competition among car manufacturers, followed by rise
in consumer awareness towards vehicle safety features, increase in disposable
income, stringent government regulations, rise in use of advanced technology in
automotive safety, and increase in number of road accidents. However, high
replacement cost and advanced technological features that increase car prices
may impact the market. Moreover, introduction of airbag in new segment (two
wheelers) and low cost of production in developing nations are key opportunities
for market.
Based
on geography, North-American region holds major share, followed by European
region in airbag market owing to increase in technological advancements in
passive protection components of vehicles in the region. China, India and Japan
countries are expected to witness higher growth rate due to easy
finance availability & frequent launch of new vehicle models and rise in
demand for safer vehicles over the forecast period.
For more
information, refer to below link:-
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Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
