Global Automotive Center Airbag System Market 2017-2021

Global Automotive Center Airbag System Market 2017-2021

About Automotive Center Airbag Module

An automotive center airbag system is an airbag system that is deployed from the inboard position of the driver's seat, primarily in the case of a side impact and other types of collisions. The center airbag on deployment positions itself in between the front two seats and acts as safety restraint system. This airbag system is a part of the passive safety system. Airbag systems are one of the most crucial components in automobiles as they ensure the safety of the vehicle's occupants. The primary function of an airbag is to protect the drivers and passengers from the impact of an accident. Airbag systems have sensors that cause them to inflate within milliseconds of the occurrence of an accident.

Technavio’s analysts forecast the global automotive center airbag module market to grow at a CAGR of 8.18% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global automotive center airbag module market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Automotive Center Airbag Module Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Autoliv
• Takata
• ZF TRW
• Hyundai Mobis
• Faurecia

Other prominent vendors

• Joyson
• Nihon Plast
• Toyoda Gosei
• Ashimori

Market driver

• NCAP ratings driving customer preference toward onboard safety system.
• For a full, detailed list, view our report

Market challenge

• Relative high cost of module and lack of awareness about airbag system.
• For a full, detailed list, view our report

Market trend

• Development of airbag system preventing occupant-impact injuries.
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Automotive Center Airbag Module Market 2017-2021

Technavio recognizes the following companies as the key players in the global automotive center airbag module market: Autoliv, Takata, ZF TRW, Hyundai Mobis, and Faurecia.

Other Prominent Vendors in the market are: Joyson, Nihon Plast, Toyoda Gosei, and Ashimori.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is development of airbag system preventing occupant-impact injuries. The global automotive industry is rapidly progressing toward the development of new passive and active safety technologies. Automakers are investing heavily in R&D of newer airbag technologies that will help in reducing the probability of severe injuries to a minimum.”

According to the report, one driver in market is growing fatality rate due to rise in rollover accidents. In-vehicle safety systems play an important role in reducing the number of on-road accidents. Airbag systems are important for ensuring passenger safety in moving vehicles as they are designed to reduce the level of fatality during collisions. Automakers have been developing new safety restraint systems that can protect passengers effectively in cases of front-end collisions, rollovers, and side-impact accidents. Driver and passenger airbag systems that are mounted on steering wheels and front panels can protect passengers during front-end collisions, but these systems are not effective in cases of side collisions and rollover accidents.

Further, the report states that one challenges in market is relative high cost of module with lack of awareness about airbag system. The automotive industry is gradually implementing advanced safety technologies, such as the automatic emergency braking system, ABS with electronic brake-forced distribution, and passive restraint system as standard features in vehicles. These technologies are specifically adopted by manufacturers in the US, Europe, and Japan. Automotive governing bodies are taking several initiatives to make these life-saving systems a requirement in vehicles during the forecast period. The systems are gradually being introduced into the consumer marketplace. Automakers are offering them as standard features or as an option in the higher variants of specific models.

Companies Mentioned

Autoliv, Takata, ZF TRW, Hyundai Mobis, Faurecia, Joyson, Nihon Plast, Toyoda Gosei, and Ashimori.