- Curtain Airbag,
- Frontal Airbag,
- Knee Airbag,
- Side Airbag,
- Others
The Airbags Market size is valued at USD 24,948.9 million in 2022 and is poised to grow at a CAGR of 6.2% from 2023 to 2029. The global market provides a detailed overview of the Airbags market and that can be segmented by type, by module, By Vehicle Type, and by Sales Channel. By type, The Airbags market has been segmented into Curtain Airbag, Frontal Airbag, Knee Airbag, Side Airbag, and Others. The Curtain Airbag segment is likely to be the largest and fastest-growing segment in terms of type. Based on Module the Airbags market is segmented into Air Bag, Crash Sensors, Inflators or Gas Generators. Among these, the airbags segment is expected to have the fastest-growing market during the forecast period 2023-2029. Based on Vehicle Type, the Airbags market is segmented into Commercial vehicles and Passenger Vehicle. The Commercial Vehicle segment accounts for the largest share in 2022. Passenger Vehicle is the second-largest share during the forecast period 2023-2029. Based on the Sales Channel, the segment has been segregated into Aftermarkets, Original Equipment Manufacturers. The OEM segment is expected to dominate other segments in the Airbags market. The aftermarket segment is expected to witness the highest CAGR during the forecast period according to precision business insights.
Airbags Market Key Development:
- In July 2019, ZF developed an external airbag to enhance vehicle safety. This external airbag is engineered to soften the blow of the oncoming vehicle, thereby minimizing damage. This smart airbag system gets deployed once it senses an oncoming impact.
- In February 2018, Hyundai Mobis developed the world's first panoramic roof airbag. The safety device is designed to prevent occupants from being ejected from the vehicle through the glass roof at the time of a rollover.
Airbags Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
6.2%
Largest Market
Asia-Pacific
Fastest Growing Market
Europe
Airbags Market Dynamics
An increase in the demand for passenger safety coupled with strict government regulations for the airbags installations are anticipated to propel the market growth over the forecast years. Moreover, rise in vehicle sales in developed and developing economies, increase in disposable income, and advancements in automotive industry are burgeon the market growth over the forecast years.
Airbags Market
Asia-Pacific Got Significant Share
Asia Pacific market is expected to witness the highest market share during the forecast period it holds a tremendous potential market for vehicle production.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Airbags Market Segmentation
By Type
By Module
- Air Bag,
- Crash Sensors,
- Inflator or
- Gas Generator
By Vehicle Type
- Commercial Vehicle,
- Passenger Vehicle
Frequently Asked Questions
2022 is the base year and 2029 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
The Airbags Market size is valued at USD 24,948.9 million in 2022 and is poised to grow at a CAGR of 6.2% from 2023 to 2029.
One of the threats to the airbags market is the potential for product recalls and safety concerns related to airbag deployment malfunctions.
| 1. Executive Summary |
| 2. Global Airbags Market Introduction |
| 2.1. Global Airbags Market - Taxonomy |
| 2.2. Global Airbags Market - Definitions |
| 2.2.1. By Type |
| 2.2.2. By Module |
| 2.2.3. By Vehicle Type |
| 2.2.4. By Sales Channel |
| 2.2.5. By Region |
| 3. Global Airbags Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Airbags Market Dynamic Factors - Impact Analysis |
| 3.6. Global Airbags Market - Competition Landscape |
| 4. Global Airbags Market Analysis, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Airbags Market, By Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Curtain Airbag |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Frontal Airbag |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Knee Airbag |
| 5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Side Airbag |
| 5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Airbags Market, By Module, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Air Bag |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Crash Sensors |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Inflator or Gas Generator |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Airbags Market, By Vehicle Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Commercial Vehicle |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Passenger Vehicle |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8. Global Airbags Market, By Sales Channel, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. Aftermarkets |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Original Equipment Manufacturers |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 9. Global Airbags Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Airbags Market - Opportunity Analysis Index, By Type, Module, Vehicle Type, Sales Channel, and Region, 2023-2029 |
| 10. North America Airbags Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Curtain Airbag |
| 10.1.2. Frontal Airbag |
| 10.1.3. Knee Airbag |
| 10.1.4. Side Airbag |
| 10.1.5. Others |
| 10.2. Module Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Air Bag |
| 10.2.2. Crash Sensors |
| 10.2.3. Inflator or Gas Generator |
| 10.3. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Commercial Vehicle |
| 10.3.2. Passenger Vehicle |
| 10.4. Sales Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Aftermarkets |
| 10.4.2. Original Equipment Manufacturers |
| 10.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Airbags Market - Opportunity Analysis Index, By Type, Module, Vehicle Type, Sales Channel, and Country, 2023-2029 |
| 10.7. North America Airbags Market Dynamics - Trends |
| 11. Europe Airbags Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Curtain Airbag |
| 11.1.2. Frontal Airbag |
| 11.1.3. Knee Airbag |
| 11.1.4. Side Airbag |
| 11.1.5. Others |
| 11.2. Module Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Air Bag |
| 11.2.2. Crash Sensors |
| 11.2.3. Inflator or Gas Generator |
| 11.3. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Commercial Vehicle |
| 11.3.2. Passenger Vehicle |
| 11.4. Sales Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Aftermarkets |
| 11.4.2. Original Equipment Manufacturers |
| 11.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Rest of Europe |
| 11.6. Europe Airbags Market - Opportunity Analysis Index, By Type, Module, Vehicle Type, Sales Channel, and Country, 2023-2029 |
| 11.7. Europe Airbags Market Dynamics - Trends |
| 12. Asia-Pacific Airbags Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Curtain Airbag |
| 12.1.2. Frontal Airbag |
| 12.1.3. Knee Airbag |
| 12.1.4. Side Airbag |
| 12.1.5. Others |
| 12.2. Module Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Air Bag |
| 12.2.2. Crash Sensors |
| 12.2.3. Inflator or Gas Generator |
| 12.3. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Commercial Vehicle |
| 12.3.2. Passenger Vehicle |
| 12.4. Sales Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Aftermarkets |
| 12.4.2. Original Equipment Manufacturers |
| 12.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. China |
| 12.5.2. India |
| 12.5.3. Japan |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Airbags Market - Opportunity Analysis Index, By Type, Module, Vehicle Type, Sales Channel, and Country, 2023-2029 |
| 12.7. Asia-Pacific Airbags Market Dynamics - Trends |
| 13. Latin America Airbags Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Curtain Airbag |
| 13.1.2. Frontal Airbag |
| 13.1.3. Knee Airbag |
| 13.1.4. Side Airbag |
| 13.1.5. Others |
| 13.2. Module Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Air Bag |
| 13.2.2. Crash Sensors |
| 13.2.3. Inflator or Gas Generator |
| 13.3. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Commercial Vehicle |
| 13.3.2. Passenger Vehicle |
| 13.4. Sales Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Aftermarkets |
| 13.4.2. Original Equipment Manufacturers |
| 13.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Rest of Latin America |
| 13.6. Latin America Airbags Market - Opportunity Analysis Index, By Type, Module, Vehicle Type, Sales Channel, and Country, 2023-2029 |
| 13.7. Latin America Airbags Market Dynamics - Trends |
| 14. Middle East and Africa Airbags Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 14.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Curtain Airbag |
| 14.1.2. Frontal Airbag |
| 14.1.3. Knee Airbag |
| 14.1.4. Side Airbag |
| 14.1.5. Others |
| 14.2. Module Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.2.1. Air Bag |
| 14.2.2. Crash Sensors |
| 14.2.3. Inflator or Gas Generator |
| 14.3. Vehicle Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Commercial Vehicle |
| 14.3.2. Passenger Vehicle |
| 14.4. Sales Channel Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Aftermarkets |
| 14.4.2. Original Equipment Manufacturers |
| 14.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. South Africa |
| 14.5.3. Rest of MEA |
| 14.6. MEA Airbags Market - Opportunity Analysis Index, By Type, Module, Vehicle Type, Sales Channel, and Country, 2023-2029 |
| 14.7. MEA Airbags Market Dynamics - Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Key Modules, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Autoliv Inc. |
| 15.2.2. Continental AG |
| 15.2.3. Daicel Corporation |
| 15.2.4. Delphi Automotive PLC |
| 15.2.5. DENSO Corporation |
| 15.2.6. Hyundai Mobis Co. Ltd |
| 15.2.7. Joyson Safety Systems (Ningbo Joyson Electronic Corp.) |
| 15.2.8. Key Safety Systems Inc. |
| 15.2.9. Neaton Auto Products Manufacturing Inc. (Nihon Plast Co. Ltd.) |
| 15.2.10. Robert Bosch GmbH |
| 15.2.11. Takata Corporation |
| 15.2.12. TOYODA GOSEI Co. Ltd. |
| 15.2.13. TRW Automotive |
| 15.2.14. ZF Friedrichshafen |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
- Autoliv Inc.
- Continental AG
- Daicel Corporation
- Delphi Automotive PLC
- DENSO Corporation
- Hyundai Mobis Co. Ltd
- Joyson Safety Systems (Ningbo Joyson Electronic Corp.)
- Key Safety Systems Inc.
- Neaton Auto Products Manufacturing Inc. (Nihon Plast Co
- Robert Bosch GmbH
- Takata Corporation
- TOYODA GOSEI Co. Ltd.
- TRW Automotive
- ZF Friedrichshafen