Automotive Airbag Fabric Market Research Report Information By Yarn Type (Polyamide and Polyester), By Coating Type (Neoprene Coated, Silicone Coated, and Uncoated), By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks, Buses, and Coac

The Automotive Airbag Fabric Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032. The primary market drivers that are contributing to the growth of the market are an increase in the demand for electric vehicles, an increase in airbag installations, and an increase in airbag concerns.

The automotive industry has been experiencing the most potentially disruptive decade in recent years because of advancements in various disciplines, including autonomous driving, connected cars, alternative fuel vehicles, lightweight vehicles, and blockchain. The industry has prioritized passenger safety due to the strict government regulations that mandate airbags in the driver and passenger compartments in specific countries. These trends suggest an increase in the demand for airbag components. Top airbag fabric producers have increased their capacity in response to a significant increase in demand for airbags in automobiles. Furthermore, the automotive airbag fabric market is experiencing substantial growth as a result of the increasing number of automobiles being sold and the installation of more airbags in each vehicle. The sector is experiencing growth as a result of the implementation of more stringent safety regulations that are designed to protect both transporters and passengers. Furthermore, it is anticipated that the market demand will increase due to the increasing concerns regarding passenger safety during the anticipated time frame.

Market segment insights
The Automotive Airbag Fabric Market is segmented by textile type, which includes polyamide and polyester.
The market segmentation is based on the type of coating: neoprene coated, silicone coated, and uncoated.
The Automotive Airbag Fabric Market is segmented by vehicle type, including passenger automobiles, light commercial vehicles, heavy trucks, buses, and coaches.
The market is segmented into front airbag, side airbag, knee airbag, curtain airbag, and other airbags based on the type of airbag.

Regional Perspectives
The study offers market insights for North America, Europe, Asia-Pacific, and the Rest of the World by region. This market was dominated by the North American Automotive Airbag Fabric Market in 2022. The anticipated recovery in auto manufacturing will likely result in a demand for airbags and the materials used to manufacture them in the future years.

The European automotive airbag fabric market held a substantial market share in 2022. This is the result of an increase in vehicle production and the rate at which side, curtain, and knee airbags are installed.

It is anticipated that the Asia Pacific Automotive Airbag Fabric market will experience substantial growth from 2023 to 2032. The rapid expansion of light vehicle production in China and India, the increasing concern for passenger safety, and the establishment of safety requirements by the respective governments are the primary factors that influence the region's growth.

Major Players
Global Safety Textiles, HMT, New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., Kolon Industries, and Toyota Boshoku Corporation are among the major participants in the Automotive Airbag Fabric market.