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The automotive airbag market size is forecast to increase by USD 5.89 billion at a CAGR of 7.49% between 2023 and 2028. The market is witnessing significant growth due to the rise in global vehicle production and increasing advancements in airbag technologies. Seatbelts and pretensioners continue to be the primary safety providers, but the market is expanding to include side airbags, knee airbags, and multi-modal approaches for enhanced safety. The development of self-driving cars and the need for advanced safety features for vulnerable road users, including pedestrians, cyclists, and motorcyclists, are driving industrial requirements. However, the increasing raw material cost of airbags poses a challenge to market growth. Additionally, the ignition and deployment mechanisms of airbags must be tested rigorously to ensure safety and compliance with regulations. Overall, the market is poised for growth as automobile manufacturers prioritize safety and innovation.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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