About Commercial Vehicle Airbag Systems
Airbags are automotive safety features in vehicles that have been engineered to inflate at a rapid speed during the event of an accident. The inflated airbags help in protecting the in-vehicle occupants in the event of a crash. Thus, these are categorized under automotive passive safety features. The commercial vehicle OEMs, both LCVs and HCVs, have been continuously working on both the active as well as passive safety systems in their vehicles in order to make their offerings safer and in line with the stringent regulations on driver and passenger safety in automobiles across the geographies.
Technavio’s analysts forecast the global commercial vehicle airbag systems market to grow at a CAGR of 2.97% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle airbag systems market for 2017-2021. To calculate the market size, the report considers the unit shipments of commercial vehicle airbag systems across the geographies.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Airbag Systems Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial vehicle airbag systems market: Autoliv, Takata, ZF-TRW, and Key Safety Systems.
Other Prominent Vendors in the market are: Toyoda Gosei, Hyundai Mobis, Continental, Delphi Technologies, Bosch, Daicel, JOYSON, Nihon Plast, and Ashimori Industry.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is integration of crash sound sensor in airbags. In the event of an accident, the airbag system must decide in a fraction of a second whether inflation is required or not. To enhance this process, a crash sound sensor is integrated into the airbag system. This sensor is used to determine the severity of the accident based on the sound that is produced due to the collision.”
According to the report, one driver in the market is rising demand for CVs owing to increasing developments in construction sector. Infrastructural developments contribute to increased demand for commercial trucks, tractors, and trailers. This directly leads to increased demand for commercial vehicle airbag systems. Of late, the BRIC nations have been witnessing massive infrastructural expansions. The construction and the mining industries have witnessed immense growth in these nations. This leads to the growth of the global commercial vehicle airbag systems market, which can be linked to increased economic advancements on a global basis.
Further, the report states that one challenge in the market is high-cost pressure on OEMs. Auto OEMs are subject to heavy cost pressures due to the dynamism of the regulatory environment and demanding consumer base. Environment and safety standards are pressurizing OEMs to find means to comply with the regulations while not transmitting additional costs to the consumer. Controlling emissions is bound to increase the cost of the vehicle. For instance, according to the National Automobile Dealers Association, the US CAFE standards (effective in 2016) increased the manufacturing cost of a vehicle by $1,000. In addition, OEMs need to innovate drivetrain technologies to comply with the newer emission standards.
Autoliv, Takata, ZF-TRW, and Key Safety Systems, Toyoda Gosei, Hyundai Mobis, Continental, Delphi Technologies, Bosch, Daicel, JOYSON, Nihon Plast, and Ashimori Industry.
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