An Incisive, In-depth Analysis on the Automotive Airbag Market
This study offers a comprehensive, 360 degree analysis on the Automotive Airbag market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automotive Airbag market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Significant Market for Driver Airbags, Rising Demand for Side Airbags in the Automotive Airbag Market
Automotive airbags are one of the key passive safety systems in an automobile. Growth in the number of road accidents have led to an increase in the adoption of airbags in vehicles. To minimize the fatality rate during accidents, government authorities have implemented or are implementing mandatory adoption of airbags in vehicles. The major beneficiary of these mandatory adoption are the driver airbags -- the penetration of driver airbags is remarkable as compared to other airbags types. It is projected that driver airbags will continue to lead the automotive airbag market and will grow at a CAGR of 3.9%, in terms of value, during the forecast period.
The demand for side airbags is growing at a significant rate and it is projected that the market size will reach more than US$ 4 Bn by 2027. The side airbags on the driver and passenger seats protect the torso of the occupants in an event of side collision or impact. A sufficiently violent collision trips the sensors and the side airbags are inflated. The side airbag is normally deployed during the side collision or roll-over crashes. These type of airbags are mostly found in the front seats of cars, though some premium cars offer them in the rear seat as well.
Passenger Car Segment to Dominate the Automotive Airbag Market
The global automotive production in 2017 was more than 97 million and the passenger car segment held 75% share in the global automotive production. The dominance of passenger cars over light and heavy commercial vehicles in the automotive industry makes them the prominent market for automotive airbags. Also, rising safety concerns among consumers and stringent safety regulations have enhanced the growth of the automotive airbag market for passenger cars. It is projected that the automotive airbag market for passenger cars will continue to be a substantial market and is estimated to grow at a CAGR of 3.8% during the forecast period. Premium car sub-segment of the passenger car segment is projected to witness significant growth in the automotive airbag market while growing at a CAGR of more than 4% during the forecast period.
Nylon Airbags to be the Most Used Yarn Type in the Automotive Airbag Market
Nylon is preferred over polyester as a material for airbags in the automotive airbags market. Nylon-based airbags are projected to hold significant share and witness high growth rate during the forecast period. Nylon-based airbags are preferred over polyester as nylon has better physical properties, such as better impact resistance, lower density and high specific heat capacity. Nylon also requires more energy to melt. The mentioned properties make nylon a preferred choice for automotive airbags.
About the Report
FMI has published an exclusive forecast report for the automotive airbag market between 2017 and 2027. The foremost objective of this report on the automotive airbag market is to pitch insights on market scenario, demand generators and technological advancements in the automotive airbag market. Also, this study on the automotive airbag market addresses key dynamics that are expected to impact the sales and future of the automotive airbag market.
This report on the automotive airbag market starts with an executive overview under which product definitions have been provided. The report further proceeds with the taxonomy of the automotive airbag market which elaborates on the key segments. Also, the report outlines insights on dynamics of the automotive airbag market, including drivers, restraints, opportunities and trends as well as value chain analysis and pricing analysis. Value chain analysis and pricing analysis of the automotive airbag market have also been included in this report to help readers clearly understand the product framework map in the automotive airbag market.
Automotive Airbag Market: Key Segments covered
The automotive airbag market has been analyzed with respect to segments, such as product type, coating type, vehicle type, yarn type and region. The product types in this report on automotive airbag market include driver airbags, passenger airbags, side airbags, curtain airbags, knee airbags and other airbags. By coating type, the automotive airbag market has been segmented into neoprene coating, silicone coating and non-coated. The automotive airbag market registers demand from vehicle types, such as passenger cars, light commercial vehicles and heavy commercial vehicles. Yarn types included in this automotive airbag market include nylon and polyester. The sales channels in this report on automotive airbag market include OEM and aftermarket. The automotive airbag market has been evaluated across primary regions, such as North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East and Africa (MEA).
Competition Landscape : Insight into competition developments
The global market for automotive airbags is consolidated with top three players nearly account for about 60 - 65% of market share. Increasing concerns towards vehicle occupants’ safety has led to developments in automotive airbag designs, actuation technology, and material selection and enhanced quality standards across the globe. On the similar lines, various technological developments and patents have been registered by product manufactures and sub-component suppliers across the globe.
Efforts are being made by manufacturers in the automotive airbag market to expand through strategic interventions, such as by establishing new entities, expanding production capacity, introduction of enhanced product portfolio and technological breakthroughs in automotive airbag market. Some of the key players operating in the automotive airbag market and covered under this study are Autoliv Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., Porcher Industries SA, Nihon Plast Co. Ltd., Delphi, Wacker Chemie AG, Hyosung Co., and Toyobo Co., Ltd. among others.
FMI offers a 10-year forecast for the Automotive Airbag between 2017 and 2027. In terms of value, the market is expected to register a CAGR of 3.8%during the forecast period (2017–2027). The main objective of the report is to offer insights on the advancements in the global automotive airbag market. The study discusses the market dynamics that are expected to influence the current environment and future status of the automotive airbag over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecast and opportunities for manufacturers operating in the automotive airbag market.
A section of the report discusses how the overall competition in the market is steadily increasing. It discusses various factors that are shaping internal as well as external competition in the market. The Automotive Airbag Market is expected to grow at a stable pace in near future. Moreover, steady growth of the automotive industry -- due to increase in vehicle production and sales, safety concerns and regulations -- IS anticipated to create healthy growth opportunities in the Automotive Airbag market.
The report provides detailed market share analysis of the Automotive Airbag on the basis of key manufacturers. A section of the report highlights overall country-wise Automotive Airbag Market. It provides a market outlook for 2017–2027 and sets the forecast within the context of the report. The report sheds light on key developments and activities BEING executed by the prominent manufacturers operating in the Automotive Airbag market.
Key Segments Covered in Automotive Airbag Market Report:
On the basis of product type, the Automotive Airbag market can be segmented into:
- Driver Airbag
- Passenger Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
- Other Airbags
On the basis of coating type, the Automotive Airbag market can be segmented into:
On the basis of vehicle type, the Automotive Airbag market can be segmented into:
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
On the basis of yarn type, the Automotive Airbag market can be segmented into:
On the basis of sales channel, the Automotive Airbag market can be segmented into:
On the basis of region, the AutomotiveAirbag market can be segmented into:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa (MEA)
A detailed analysis has been provided for every segment, in terms of market size (volume and value) analysis for Automotive Airbag.
The report starts with the market overview and provides market definition and analysis about drivers, restraints, opportunities, supply chain and key trends in the Automotive Airbag market. The next section includes global market analysis, analysis by product type, coating type, vehicle type, yarn type, sales channel and region level analysis. All the above sections evaluate the market on the basis of various factors affecting the market and cover present scenario and future prospects. For market data analysis, the report provides historical data from 2012 to 2016 and considers 2016 as the base year, with Automotive Airbag market numbers estimated for 2017 and forecast made for 2018–2027.
It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecast in terms of CAGR, but also analyse the same on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities for market players.
Another key feature of the Automotive Airbag market report is the analysis of all key segments in terms of absolute dollar. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as in identifying potential resources from a sales and delivery perspective in the Automotive Airbag market.
Research Methodology of Automotive Airbag Market
The report titled “Automotive Airbag Market” focuses on providing information regarding the volume and value of market from a global perspective. The research on the said market was initiated thorough secondary research on the product, using both top-down and bottom-up approaches, right down to the country and segmental level. Automotive production, vehicle parc, market trends and growth projections were taken into consideration to arrive at the total market. In addition to the above secondary research, yearly revenue generated by the various product types of Automotive Airbag was estimated.
Furthermore, the yearly revenue generated from automotive airbag manufacturing companies from each product type were obtained from both primary and secondary sources and then benchmarked at the regional level. Fluctuations in annual prices over the forecast period were calculated based on the historic market trends and expected percentage change in the upcoming years on the basis of investment was done on the patent market and the related industry. Any decline or increase in price in the upcoming years has been kept linear for all the regions.
The Automotive Airbag market value, thus, deduced was once again cross verified and validated from the supply side. FMI’s proprietary regression analysis forecast model was adopted to generate the market estimation for the forecast years and took into account the effects of macroeconomic factors impacting the overall Automotive Airbag market and was further validated by primary respondents belonging to different levels of the entire value chain of the Automotive Airbag market, such as manufacturers and independent service providers, etc.
Automotive Airbag Market Participants
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of manufacturers have also been included within the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the Automotive Airbag. Key players covered in this study of global Automotive Airbag include Autoliv Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., Porcher Industries SA, Nihon Plast Co. Ltd., Delphi, Wacker Chemie AG, Hyosung Co., and Toyobo Co., Ltd. among others.