Automotive airbag is a vehicle occupant-restraint system using a bag designed to inflate extremely quickly, then quickly deflate during a collision. It consists of the airbag cushion, a flexible fabric bag, an inflation module, and an impact sensor. The purpose of the airbag is to provide a vehicle occupant a soft cushioning and restraint during a crash event. It can reduce injuries between the flailing occupant and the interior of the vehicle.
Automotive seatbelt is a vehicle safety device designed to secure the driver or a passenger of a vehicle against harmful movement that may result during a collision or a sudden stop.
On the basis of product type, Automotive Airbags represent the largest share of the worldwide The global automotive airbags and seatbelts market, with 70.98% share.Autoliv occupies most of the world’s market, with the market share of 39%.The Asia-Pacific holds the major share in the market, with a share of 45% ,and the trend is expected to remain the same during the forecast period.
Industry Insights
A report titled, “Global Automotive Airbags and Seatbelts Market Outlook 2022” has been recently published by OMR Market Research. The dedicated analysts and researchers have carried out deep-seated research to put forth the present and future scenario of the Automotive Airbags and Seatbelts market. They have provided an in-depth review with accuracy and reliability to give the readers an overall picture.
The global Automotive Airbags and Seatbelts market size is projected to reach US$ 27020 million by 2027, from US$ 14900 million in 2020, at a CAGR of 8.9% during 2021-2027.
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Post-covid-19 Outlook
The readers in the section will understand how the Automotive Airbags and Seatbelts market scenario changed across the globe during the pandemic and post-pandemic. The study is done keeping in view the changes in aspects such as production, demand, consumption, supply chain. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Segmental Outlook
Key segments including type, and application have been elaborated in this report. The consultants at OMR Market Research have studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and application during the historical period (2016-2021) and forecast period (2022-2027).
Segment by Type
Automotive Airbags
Automotive Seatbelts
Segment by Application
Passenger Car
Commercial Vehicle
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular regioncountry. The readers will also get their hands on the revenue and production data of each region and country for the period 2016-2027. This information derived through comprehensive research will help the reader to get familiar with the potential value of the investment in a particular region. North America, Europe, China, Japan, South Korea and India are the major regions studied in the research report.
Competitive Scenario
In this section, the readers will gain an understanding of the key players competing. The experts at OMR Market Research have studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and production by manufacturers for the period 2016-2021. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses.
Some of the prominent players reviewed in the research report include
Autoliv
Joyson Safety Systems
ZF
Toyoda Gosei
Tokai Rika
Nihon Plast
Hyundai Mobis
Wonder Auto Group
Ashimori
Taihang Changqing
Hualida
Songyuan
Frequently Asked Questions
Which product segment grabbed the largest share in the Automotive Airbags and Seatbelts market
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Which are the prominent players in the Automotive Airbags and Seatbelts market
Which region holds the maximum share in the Automotive Airbags and Seatbelts market
What will be the CAGR of the Automotive Airbags and Seatbelts market during the forecast period
Which application segment emerged as the leading segment in the Automotive Airbags and Seatbelts market
What key trends are likely to emerge in the Automotive Airbags and Seatbelts market in the coming years
What will be the Automotive Airbags and Seatbelts market size by 2027
Which company held the largest share in the Automotive Airbags and Seatbelts market ?
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