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Allied Market Research

Vehicle Side Airbag Market by Position (Frontal, Side, Side curtain, and Knee), Fabric (Coated, and Non-Coated), Vehicle (Passenger vehicles, and Commercial vehicles), Sales Channel (OEM, and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021 - 2027

A10766
Pages: NA
Jun 2021 | 72 Views
 
Author(s) : NA
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Vehicle Side Airbag Market Outlook - 2027

The airbag is one of the automotive safety devices, the automotive airbag consists of a cushion or flexible fabric envelope that is designed to inflate at the time of vehicle collision while driving. The main purpose of an automotive airbag is to cushion the driver during vehicle crash and protect the body when the body strikes the interior objects of the vehicle such as the steering, window, or wheel.  Automotive airbags are one of the key passive safety systems in an automobile with the growing number of road accidents that have led to an increase in the adoption of airbags in vehicles. To minimize the fatality rate during accidents, government authorities have implemented or are implementing mandatory adoption of airbags in vehicles. The major beneficiary of this mandatory adoption is the vehicle side airbags the penetration of vehicle side airbags is remarkable as compared to other airbags types. The modern vehicle is designed with multiple airbags situated in a different frontal and side location of the passengers and for the driver of the vehicle. Automotive airbags are deployed with a sensor that activates the airbags according to the severity and type of the collusion. The growing awareness for the safety in a vehicle is continuously boosting the vehicle side airbag market and is expected to do the same in the forecasting period.

Market scope and structure analysis:

Report Metric

Details

Market size available for years

2020–2027

Base year considered

2019

Forecast period

2021–2027

Forecast units

Value (USD)

Segments covered

Position, Fabric, Vehicles, and Sales Channel

Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

Companies covered

Autoliv Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries Inc., Toray Industries Inc., and Toyobo Co., Ltd.

 

COVID-19 scenario analysis:

  • The COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
  • The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations, travel bans and quarantines, massive slowing of the supply chain, stock market volatility, falling business confidence, growing panic among the population, and uncertainty about the future.
  • When the operation will star after the lockdown it will be an uphill struggle due to conditions to follow the safety protocols such as body temperature scanning, social distancing, and ensuring high standards of sanitization.
  • The pandemic can be considered as a new opportunity for the car equipment market as more people are willing to install safety kits in their vehicles at regular intervals which will boost the market.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Some of the factors that boost government regulations about vehicle safety and the growing demand for safer and more efficient driving experience are expected to spur the demand over the forecast period. However, increasing the development of active safety systems is anticipated to hamper the growth of the market. Furthermore, the growing demand for electric vehicles and the growing demand for pedestrian protection airbags are expected to offer lucrative opportunities for the market in the forecasting period.

The vehicle side airbag market trends are as follows:

Government regulations about vehicle safety 

The frontal automotive airbags market is estimated to witness a huge growth through the mandated adoption of frontal airbag systems for driver safety by regulatory authorities globally. Additionally, automotive manufactures are launching vehicle models with dual front airbags that provide safety to both driver and front-seat passengers. Moreover, the governments are continuously emphasizing on safety and growing awareness among the customers have forced the automakers to introduce the safety equipment in the vehicle. Thus, the growing adoption and awareness about safety are expected to boost the vehicle side airbag market in the forecast period.

Growing demand for safer and more efficient driving experience

The demand for efficient driving is increasing enormously as the buying power of customers is increasing across the globe. With rise in adoption of premium vehicles, the manufacturers are continually improving the quality of their safety products. By improving the thermal properties of the airbags system inflates the significantly higher volume of air for offering superior protection during the event of a crash. Moreover, the airbag fabric requires to withstand this heat without tearing. The thin layer of coating material such as silicone and neoprene, will protect the fabric from the heat on account of excellent thermal resistance properties. The growing demand for premium vehicles will boost the vehicle side airbag market in the forecast period.

Key segments covered:

Segments

Sub-segments

Position

  • Frontal
  • Side
  • Side curtain
  • Knee

Fabric

  • Coated
  • Non-Coated

Vehicles

  • Passenger vehicles
  • Commercial vehicles

Sales Channel

  • OEM
  • Aftermarket

Key benefits of the report:

  • This study presents the analytical depiction of the vehicle side airbag market industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the vehicle side airbag market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the vehicle side airbag market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed vehicle side airbag market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the vehicle side airbag market research report:

  • What are the leading market players active in the vehicle side airbag market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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