Global Automotive Curtain Airbags Market 2017-2021
About Automotive Curtain Airbags
Curtain airbags are manufactured like other airbags. The major differences between them are in terms of structure, size, and surface area. The curtain airbags usually have a larger surface area. The main components of the curtain airbags are fabric coated with lubricating powder, the sensor module, and the gas inflator. The frontal airbag mechanism functions through communication between deceleration sensors placed near the vehicle headlight, an ECU (electronic control unit), and the airbag deployment system mounted on the steering wheel.
Technavio’s analysts forecast the global automotive curtain airbags market to grow at a CAGR of 6.60% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive curtain airbags market for 2017-2021. 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:
Technavio Announces the Publication of its Research Report – Global Automotive Curtain Airbags Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive curtain airbags market: Autoliv, Takata, ZF-TRW, and Key Safety Systems.
Other Prominent Vendors in the market are: Ashimori, Hyundai Mobis, Ningbo Joyson Electronic, Nihon Plast, and Toyoda Gosei.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing number of fatalities leading to adoption of automotive curtain airbags. The growing number of road accidents causing severe injuries and fatalities has been a major reason for the wider adoption of automotive curtain airbags. Curtain airbags have been successful in reducing fatalities, especially in rollover and side-collision. For instance, around 8,500 people die annually in side-impact car crashes in the US. The fatalities would be much higher in the regions where there is low penetration of curtain airbags.”
According to the report, one driver in the market is growing use of passive safety systems such as airbags as a product differentiator in emerging countries. Over the past few years, the economic slowdown has created a volatile demand for automobiles in developed countries. However, emerging markets have witnessed a robust growth in automobile sales due to the ideal population demographics, strong economic growth, and elevated purchasing power. The high purchasing power and strong economic growth are also creating a robust market for luxury and premium vehicles in these regions. Such developments are expected to propel the market growth for automobiles. Although various regulations enforce the use of passive safety systems as standard fitment, many OEMs have started marketing their vehicles based on safety features.
Further, the report states that one challenge in the market is high costs associated with curtain airbag, restricting it to developed markets. The high costs associated with the procurement and maintenance of airbags have increased the price of the vehicle and thus limited its use to developed markets. Although OEMs provide frontal airbags due to stringent safety norms, they are reluctant to equip their vehicles with curtain airbags, especially in emerging nations, as it will significantly increase the price of the vehicle. Consumers in emerging nations are price sensitive, and hence OEMs refrain from equipping their vehicles with curtain airbags. In addition, OEMs are facing cost pressures due to changing regulatory environment. The growing focus on enhancing the safety standards is leading OEMs to comply with the regulation, without transferring the additional costs to the consumer.
Autoliv, Takata, ZF-TRW, Key Safety Systems, Ashimori, Hyundai Mobis, Ningbo Joyson Electronic, Nihon Plast, and Toyoda Gosei.
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