Global Side Airbag Market: Introduction
Side airbags are safety systems which tend to inflate in order to protect the passengers inside the vehicle in case of an accident involving the side portion of the car. Side airbags are also regarded as Side-impact air bags (SAB) in some parts of the world.
These safety systems inflate within fraction of a second and are designed to protect the passenger from serious injury. The side airbags come equipped with a sensor that helps them determine if the crash is severe enough for the airbags to inflate.
Side airbags are categorized in three types – Torso Side Airbag, Curtain Side Airbag and combo Side Airbag.
The Torso side airbag is installed either on the side of the seat or on the door panel. This type of side airbag inflates between the person and the door avoiding direct impact on the torso of the individual. Curtain side airbags are installed on the roof of the vehicle or mounted over the side windows. These airbags deploy from the roof as a curtain thereby preventing any critical damage to the head. The third category is a combo side airbag. In comparison, these airbags are bigger than the torso side airbags and are designed to protect both torso and head of the passenger.
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Global Side Airbag Market: Drivers and Restraints
The imposition of stringent safety regulations by the government is expected to drive the growth for the side airbag market. In the US, the National Highway Traffic Safety Administration (NHTSA) established regulations for all vehicles to adopt curtain and side airbags. Similarly, in the Asia Pacific region, the Government of India has taken an initiative to promote road safety by mandating front air bags in all the vehicles from April 2021 onwards.
The increasing number of road accidents worldwide has raised a concern among the general people and the vehicle manufacturers. As a result, vehicle manufacturers have started offering more number of airbags in their vehicles. In addition, many automobile manufacturers have been making heavy investments in the research and development of an advanced and affordable side airbag. The technological developments and increase in the awareness about safety is expected to increase the demand for side airbags.
The key restraint impacting the global side airbag market is the high replacement cost of the airbags. Similarly, the technologically advanced side airbags require a high cost of maintenance which is projected to hamper the growth of the market. In regions like United States and Canada, due to the high replacement cost, counterfeit airbag market is mushrooming all over North America which is a major restraint for the market growth.
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Global Side Airbag Market: Market segmentation
On the basis of product type, the global side airbag market is segmented into the following:
- Torso side airbag
- Curtain airbag
- Combo side airbag
On the basis of vehicle type, the global side airbag market is segmented into the following:
- Premium Cars
- Commercial Vehicles
On the basis of sales channel, the global side airbag market is segmented into the following:
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Global Side Airbag Market: Segmental overview
On the basis of product type, Curtain airbags have gained more prominence because of their ability to decrease head and neck injuries. Curtain airbags work as a cushion by inflating between the person and the vehicle’s door in case of a side-impact crash. In the situation of a rollover, curtain airbags stay in place and protect the individual from getting expelled from the vehicle. Besides, torso side airbags and combo side airbags are also expected to propel the growth of the market.
On the basis of vehicle type, curtain airbags are primarily deployed in premium cars and SUVs, providing protection to all the seating rows. With growing safety standards throughout the world, curtain airbags are likely to witness growth in other car segments as well.
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Global Side Airbag Market: Regional overview
The side airbag market in Europe and North America is anticipated to experience remarkable growth. The primary factors for growth in these regions is the safety regulations imposed by the government agencies. Advancement in technology and growth in consumer acceptance is also a growth driver for the side airbag market in these regions.
Asia Pacific is also expected to witness a healthy growth. The rapid increase in the production and sales of vehicles in developing economies like India and China is anticipated to increase the growth of the market. Moreover, the increase in luxury vehicle sales and the growing awareness among customers regarding vehicle safety is also likely to boost the side airbag market in the APAC region.
Global Side Airbag Market: Analyst Perspective
The global market for side airbags is projected to experience a strong growth trend. The growth can be attributed to factors like growing safety regulations and rise in demand of safer vehicles by the customers. Leading vehicle manufacturers have been making significant investments in development of advanced and improved side airbags. The side airbags market is experiencing a steady growth and has a great scope for expansion in developing economies.
Global Side Airbag Market: Key market players
Some of the key market participants in the global side airbag market, identified across the value chain include:
- Autoliv, Inc.
- ZF Friedrichshafen AG
- Toyoda Gosei Co., Ltd
- Hyundai Mobis
- Joyson Safety Systems
- Denso Corporation
- Nihon Plast Co., Ltd
- Ashimori industry Co., Ltd
The research report on Global Side Airbag Market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Global Side Airbag Market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.
The report covers exhaustive analysis on:
- Side Airbag Market Segments
- Side Airbag Market Dynamics
- Side Airbag Market Size
- New Sales of Side Airbag
- Current Trends/Issues/Challenges in the Side Airbag Market
- Competition & Companies Involved in Side airbag
- New Technology for Side airbag
- Value Chain of the Side Airbag Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The global Side Airbag Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the Side Airbag Market
- In-depth Side Airbag Market segmentation
- Historical, current, and projected Side Airbag Market size in terms of volume and value
- Recent industry trends and developments in the global Side Airbag Market
- Competitive landscape
- Strategies of key players and products offered in the global Side Airbag Market
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Side airbag market performance
- Must-have information for market players in Side Airbag Market to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.