Automotive Airbag Market to Reach USD 27.63 Billion by 2030, Growing at a CAGR of 10.11%

Automotive Airbag Market Set to Grow to USD 27.63 Billion by 2030 with a CAGR of 10.11%

Summary:
The global automotive airbag market is projected to expand significantly, from USD 14.08 billion in 2023 to USD 27.63 billion by 2030, reflecting a robust growth rate of 10.11% during the forecast period. The growing demand for vehicle safety features, rising adoption of airbags in emerging markets, and advancements in airbag technology are expected to drive market expansion.

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A) Market Size:
The automotive airbag market size was valued at USD 14.08 billion in 2023 and is anticipated to reach USD 27.63 billion by 2030. This significant growth is attributed to the increasing adoption of safety features in vehicles, enhanced airbag designs, and rising concerns about road safety worldwide.

B) Scope and Research Methodology:
Our market research study extensively evaluates the current and projected market dynamics for automotive airbags, using both primary and secondary research methods. We have analyzed factors influencing supply and demand, pricing trends, product preferences, and consumer behavior across key regions. In-house forecasting models were applied to ensure a comprehensive understanding of the market and predict growth through 2030.

C) Report Coverage:
This report provides a thorough analysis of the global automotive airbag market, covering segmentation, regional analysis, key players, market dynamics, and future projections. The report also includes insights into the impact of the COVID-19 pandemic on the market and its recovery strategy.

D) Overview:
Airbags are essential safety devices in vehicles, designed to reduce injuries in the event of a crash. The market for automotive airbags is seeing a rapid growth trajectory due to increasing consumer demand for safety and regulatory requirements. As automakers adopt innovative airbag technologies, the market is poised to expand across multiple regions, especially in emerging markets.

E) Dynamics:
Key factors driving the automotive airbag market include the rising emphasis on vehicle safety regulations, technological advancements in airbags, and increased consumer awareness about the benefits of airbags. Additionally, government mandates for airbag installation in vehicles are further contributing to market growth. However, the high cost of airbag systems in advanced vehicles may pose a challenge to market expansion.

F) Segmentation:

• By Type: Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag
• By Vehicle Type: Passenger Cars (PC), Light Commercial Vehicles (LCV), Buses, Trucks
• By Module: Inflator or Gas Generator, Air Bag

G) Key Players Include:

1. ABC Group
2. ARC Automotive, Inc.
3. Hyundai Mobis
4. Amphenol Corporation
5. Ashimori Industry Co., Ltd.
6. Fujitsu TEN Ltd.
7. Calsonic Kansei
8. Daicel Chemical Industries Ltd.
9. Global Tek (Wuxi) Co. Ltd.
10. Am-Safe Commercial Products

H) Reason to Buy:
This report offers valuable insights for stakeholders in the automotive industry, including manufacturers, suppliers, and market analysts. It provides an in-depth understanding of market trends, competitive landscape, growth drivers, and challenges. By purchasing this report, businesses can make informed decisions on investment strategies, market entry, and expansion plans.

I) Table of Contents:

1. Executive Summary
2. Market Dynamics
3. Segmentation Analysis
4. Competitive Landscape
5. Regional Analysis
6. COVID-19 Impact and Recovery Analysis
7. Future Projections and Market Outlook
8. Key Player Profiles

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About Us:
Maximize Market Research is a global market research and consulting firm known for delivering strategic business insights. We cater to a wide range of industries, including automotive, healthcare, IT, food and beverage, and more. Our team of experts provides actionable market research and helps businesses navigate competitive environments to achieve their growth objectives.

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