Automotive Airbag Market

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Transparency Market

Research

Asia Pacific was at the Forefront of the Automotive

Airbag Market in 2013 ; Heavy Investments Expected to

Flow into the Region

Published Date

2015-03-09

57 Page Report

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Report Title

Automotive Airbag Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 - 2020

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Automotive Airbag

REPORT DESCRIPTION

Automotive Airbag Market Players Expected to Make Massive Investments in

the APAC Region Through 2020: Here’s Why

Automotive airbags are, at present, installed mostly in medium and luxury range cars (in terms

of price). However, heavy investments in developing cheaper airbags that still meet the safety

standards is a major factor boosting the automotive airbag market, according to Transparency

Market Research. A recent report, titled “Automotive Airbag Market - Global Industry

Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, indicates that

registering an 8.1% CAGR from 2014 to 2020, the global Automotive Airbag Market is

estimated to grow from US$17.24 billion in 2013 to US$29.72 billion by 2020.Rising demand for

consumer safety, backed by strict government regulations regarding the installation of airbags

are the primary forces driving the global automotive airbag market. In addition, the production of

cars around the world is at an all-time high, further fueling the market for automotive airbags.

However, the durability of cheaper airbags that can be deployed in low-cost cars continues to be

a major challenge for the market. On the basis of type, the automotive airbag market is

categorized into side airbag, front airbag, curtain airbag, and knee airbag. Of these, front airbags

held the largest share of the overall automotive airbag market.

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