The India passenger car airbag market is expected to grow at a CAGR of around 10% during the forecast period. The country is one of the largest automotive producers all across the globe. In 2018, the country produced around 4 million passenger cars which is around 78% of the total vehicle production (passenger cars and commercial vehicles). The major factor for the growth of the market in the country includes rising disposable income of the people, increasing awareness related to road safety, high prevalence of road accidents and cohesive government regulations. The government has mandated to install at least one airbag in the vehicle due to which the automaker has to introduce airbags in their lower segment cars also.
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Moreover, the country is one of the preferred economies by most of the major automotive and auto-ancillary companies for setting up production facilities. A number of companies had collaborated with the local automotive manufacture as per government regulation for the export of the vehicles. The India automotive and auto-ancillary industry is supported by various factors such as availability of skilled labor at low cost, robust R&D centers, and low-cost steel production.
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- Market Coverage
- Market number available for – 2025-2031
- Base year- 2025
- Forecast period- 2025-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
India Passenger Car Airbag Market by Type
- Front airbag
- Side airbag
- Curtain airbag
- Knee airbag
India Passenger Car Airbag Market by Vehicle Type
- Hatchback
- Sedan
- SUV
Company Profiles
- Autoliv Inc.
- Continental AG
- Daicel Corp.
- DENSO Corp.
- Hyundai Mobis Co., Ltd.
- Key Safety Systems, Inc.
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Toyoda Gosei Co., Ltd.
- TRW Automotive Holdings Corp.
The Report Covers
- Comprehensive research methodology of the India Passenger Car Airbag market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the India Passenger Car Airbag market.
- Insights about market determinants which are stimulating the India Passenger Car Airbag market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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