Automotive Airbags

Global Automotive Airbags Market to Reach US$84.1 Billion by 2030

The global market for Automotive Airbags estimated at US$58.8 Billion in the year 2024, is expected to reach US$84.1 Billion by 2030, growing at a CAGR of 6.2% over the analysis period 2024-2030. Side-Impact Airbags, one of the segments analyzed in the report, is expected to record a 6.5% CAGR and reach US$27.9 Billion by the end of the analysis period. Growth in the Front-Impact Driver Airbags segment is estimated at 5.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$14.9 Billion While China is Forecast to Grow at 9.7% CAGR

The Automotive Airbags market in the U.S. is estimated at US$14.9 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2030 trailing a CAGR of 9.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.8% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Global Automotive Airbags Market - Key Trends & Drivers Summarized

Automotive airbags play a crucial role in enhancing vehicle safety and reducing the impact of collisions on passengers. Initially introduced as supplementary restraint systems (SRS), airbags have evolved from being simple driver-side protections to complex, multi-component systems that include passenger, side, knee, and curtain airbags. These devices work in tandem with seat belts to provide a comprehensive safety mechanism during a crash. The technology behind airbags involves sensors that detect a collision and trigger inflation of the airbag to cushion and protect the occupants by absorbing the energy exerted during the impact. This rapid deployment can significantly lessen the risk of major injuries in accidents by preventing direct contact with the hard surfaces of the car`s interior and reducing the forces exerted on the body.

The development of automotive airbags has been significantly influenced by advancements in sensor technology, materials science, and automotive design. Modern vehicles incorporate sophisticated sensor systems that can determine the severity of a collision and adjust the airbag deployment accordingly to optimize protection and avoid potential injuries caused by the airbags themselves. Materials used for airbags have also improved, with manufacturers now using lighter, more robust fabrics that can withstand high deployment speeds and offer better tear resistance. Additionally, as vehicles become more connected, the integration of airbag systems with other safety features like automatic braking and accident avoidance systems allows for more coordinated safety responses, enhancing overall vehicle safety.

The growth in the automotive airbags market is driven by several factors, including stringent safety regulations, increased consumer demand for safer vehicles, and technological innovations. Governments worldwide have implemented strict safety standards that require the inclusion of advanced airbag systems in new vehicles, which has been a critical driver for the development and deployment of newer, more advanced airbag technologies. Consumer awareness and preference for safety features also influence car buyers` decisions, prompting automakers to prioritize airbag systems in their vehicle safety design to attract safety-conscious buyers. Technological advancements that integrate airbags with connected car systems and predictive safety technologies further boost the market, as these integrated systems provide enhanced protection through more precise and adaptive safety mechanisms. Additionally, the expansion of the automotive industry in emerging markets contributes to the growth of the airbag market as new populations of consumers gain access to vehicles equipped with safety features previously considered premium.

SCOPE OF STUDY:

The report analyzes the Automotive Airbags market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Side-Impact Airbags, Front-Impact Driver Airbags, Front-Impact Passenger Airbags, and Other Types); and End-Use (Passenger Cars, and Commercial Vehicles)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 22 Featured) -

• Denso Corporation
• ZF Friedrichshafen AG
• Hyundai Mobis Co., Ltd.
• Toyoda Gosei Co., Ltd.
• Nihon Plast Co., Ltd.
• Denso International India Pvt., Ltd.
• Joyson Safety Systems.
• Special Devices Inc.
• Ningbo Joyson Electronic Corp.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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