Global Automotive Airbag Sensor Market 2017-2021
About Automotive Airbag Sensor
Airbag sensors are responsible for detecting sudden deceleration in a collision. It sends a signal to the airbag control unit which use the vehicle speed, yaw, seat belt and ECU to determine if an airbag should deploy in a crash. Sensors are used for detecting and responding to electrical or optical signals. A sensor converts physical elements (such as temperature, blood pressure, humidity, and speed) into an electrical form, which is easy to measure. They measure physical properties of the environment such as temperature, weight, size, and luminance. Sensors are classified based on the elements they detect and measure. They are basically divided into two types namely: Active sensors and passive sensors. Other common types of sensors are mechanical, electrical, radiation, magnetic, and chemical.
Technavio’s analysts forecast the global automotive airbag sensor market to grow at a CAGR of 5.67% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive airbag sensor market for 2017-2021. To calculate the market size, the report considers the passenger cars, LCVs, and M&HCVs production and government regulations in different regions to mandate airbag sensors and excludes buses, coaches, and EVs.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Airbag Sensor Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive airbag sensor market: Autoliv, Bosch, Continental, Delphi Automotive, and DENSO CORPORATION
Other Prominent Vendors in the market are: Daicel Corporation, Hyundai Mobis, Key Safety Systems, Ningbo Joyson Electronic, and ZF Friedrichshafen.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Airbag technology for two-wheelers. In recent years, the popularity of motorcycles has increased as they are relatively inexpensive to cars. When compared with cars, motorcyclists are less protected against road accidents. The protective clothing for PTW are helmet and leg guard. Frontal collision causes majority of motorcycle accidents, which leads to injuries or fatalities. To improve the safety of car occupants, airbags and seat belts were mandated in automobiles. Airbag technology for motorcycles has been developed, and it has become a trend in the current scenario.”
According to the report, one of the major drivers for this market is Increasing vehicle safety with more airbags. Road crashes lead to more than a million deaths each year. These deaths can be decreased by taking safety precautions and implementing safety features in vehicles. Airbags are one of the safety features that can reduce fatalities during accidents. They are present in steering panels, front instrument panels, and sides of car doors. During a collision, the airbag sensor senses it and sends a signal to ECU. The ECU will deploy that airbag and protect the passengers from getting hurt. These airbags are present in most vehicles manufactured in current times.
Further, the report states that one of the major factors hindering the growth of this market is Low price counterfeit airbag systems. Every year, the global automobile industry faces huge losses due to counterfeit products. The most forged part of a vehicle is the airbag. In 2012, a consumer safety advisory notice was issued by the National Highway Traffic Safety Administration (NHTSA) to alert consumers and professionals about counterfeit airbags. Counterfeit airbags are inefficient and do not protect passengers during collisions. In some cases, they exploded, and metal shrapnel entered into the cabin.
Autoliv, Bosch, Continental, Delphi Automotive, DENSO CORPORATION, Daicel Corporation, Hyundai Mobis, Key Safety Systems, Ningbo Joyson Electronic, and ZF Friedrichshafen.