Global Automotive External Airbags Market 2017-2021
About Automotive External Airbags
Since their inception, airbags have gained importance in the automotive industry. Airbags in passenger cars were first installed from mid-1970, and the use of airbags has grown in terms of advancements and applications. Driver and front passenger airbags have emerged as a standard feature in most of the passenger cars manufactured today. In addition, the safety of passengers and drivers is not limited to frontal airbags; applications such as side airbags and curtain airbags are growing faster in the market today.
Technavio’s analysts forecast the global automotive external airbags market to grow at a CAGR of 10.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global automotive external airbags market for 2017-2021. To calculate the market size, the report considers a combination of top-down and bottom-up approaches, wherein in-house databases have been used to arrive at the global automotive external airbags market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive External Airbags Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive external airbags market: Autoliv, Hyundai MOBIS, Takata, and TOYODA GOSEI.
Other Prominent Vendors in the market are: Ashimori Industry, Bosch, Continental, DAICEL, DELPHI, Key Safety Systems (KSS), Nihon Plast, Ningbo Joyson Electronic, ZF TRW.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is autonomous vehicles to increase adoption of pedestrian protection airbags. Companies such as Delphi, Continental, Bosch, Audi, Mercedes Benz, and Google among others are working to expand the autonomous driving concept. Such campaigns and promotions have widened the market acceptance of semi-autonomous features in passenger vehicle. Self-driving cars are already becoming a reality. Automotive majors such as Mercedes Benz and BMW are in the advanced levels of achieving such a reality.”
According to the report, one of the major drivers for this market is driver negligence to drive the demand for pedestrian protection airbags. Bad driving behavior is one of the prime causes of motor vehicle deaths. As around 16% of the road deaths are pedestrian fatalities, drivers are the prime cause of pedestrian deaths. The problem of bad drivers has existed long before safety technologies like PPS came into the fore. Hence, certain counter arguments that bad driving behavior is actually induced by the rise in safety technologies are factually incorrect.
Further, the report states that one of the major factors hindering the growth of this market is lower fuel economy of vehicles and high cost of aftermarket installation. The higher beneath-the-hood space as well as the multiple redundancies that plague the cars equipped with passive PPS like external airbag and active hood is just the tip of the iceberg when it comes to the detrimental effect of such systems on fuel economy in particular. This is due to the high amount of sheet-metal usage, thereby increasing the gross dry weight of cars.
Autoliv, Hyundai MOBIS, Takata, TOYODA GOSEI, Ashimori Industry, Bosch, Continental, DAICEL, DELPHI, Key Safety Systems (KSS), Nihon Plast, Ningbo Joyson Electronic, ZF TRW.