The global automotive airbags & seatbelts market size is estimated to be USD 28.2 billion in 2020 and is projected to reach 40.4 billion by 2027, at a CAGR of 7% during the forecast period.
Airbags are a kind of automotive safety control system designed to reduce injuries in the event of an accident. An airbag is a sturdy fabric bag that folds and hides behind various parts inside the vehicle. Passenger safety is an essential concern in the automotive industry. Passive safety systems such as airbags and seat belts have proven to be very effective in reducing the risk of injury from accidents. Airbags are mandated in developed countries and seat belts are considered a basic safety feature in most vehicles. Legal orders for passenger safety play an important role in making the passive safety system an integral part of passenger cars.
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Market Segments:
By Airbag Type
- Curtain
- Front
- Knee
- Side
By Seat Belt Type
- Two Point
- Three-Point
- Others
By End-User
- Passenger Vehicle
- Commercial Vehicle
Key Market Players
The automotive airbags & seatbelts market is dominated by a few globally established players such as Autoliv (Sweden), Joyson Safety Systems (US), ZF Friedrichshafen (Germany), Toyota Gosei (Japan), Hyundai Mobis (South Korea), and Denso (Japan).
Scope of the Report
The research study analyzes the global Automotive Airbag and Seat Belt industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
A full report of Global Automotive Airbag and Seat Belt Market is available at:https://www.orionmarketreports.com/automotive-airbag-and-seat-belt-market/52273/
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Automotive Airbag and Seat Belt Market Report
1.What was the Automotive Airbag and Seat Belt Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Automotive Airbag and Seat Belt Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Airbag and Seat Belt Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Automotive Airbag and Seat Belt market.
- The market share of the global Automotive Airbag and Seat Belt market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Automotive Airbag and Seat Belt market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Automotive Airbag and Seat Belt market.
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