Global Automotive Airbags & Seatbelts Market By Airbags Type (Frontal Airbags, Knee Airbags, Side & Curtain Airbags), By Seatbelts Type (2-point, 3-point), By Vehicle Type (PC, LCV, Buses, Trucks), By Electric Vehicle (BEVs, HEVs, PHEVs, FCEVs), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2021-2031

Airbags are a type of vehicle safety control technology that helps to reduce injuries in the case of a collision. Airbags are strong material bags that are hidden and folded behind various parts of a vehicle. In the automobile industry, passenger safety is a top priority. Airbags have become mandatory in developed countries, while seatbelts are considered to be standard safety equipment in all vehicles.

Detailed Segmentation –

The global automotive airbags & seatbelts market is segmented on the basis of – Airbags Type, Seatbelts Type, Vehicle Type, Electric Vehicle, and Region. The detailed segmental description is represented below:

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Based on Airbags Type:

• Frontal Airbags
• Knee Airbags
• Side & Curtain Airbags

Based on Seatbelts Type:

• 2-point Seatbelts
• 3-point Seatbelts

Based on Vehicle Type:

• Passenger Cars (PC)
• Light Commercial Vehicle (LCV)
• Buses
• Trucks

Based on Electric Vehicle:

• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-In Hybrid Electric Vehicles (PHEVs)
• Fuel Cell Electric Vehicles (FCEVs)

Based on Region

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Market Dynamics

Drivers for the Global Automotive Airbags & Seatbelts Market:

The constant efforts of leading firms to introduce airbag and seatbelt technology have contributed to the revenue growth of this market. Original Equipment Manufacturers (OEMs) and suppliers have been focusing on improving advanced products for the past few years. Moreover, respective governments around the world are enacting strict measures to improve road safety.

The growing awareness levels of consumers concerning the significance of installing passive safety devices such as airbags and seatbelts is another major element that is expected to augment this target market in the years to come.

Restraints for the Global Automotive Airbags & Seatbelts Market:

Counterfeit goods may hamper revenue growth prospects as they constitute a serious threat to significant a company’s sales, revenue, and even brand image.

Excessive expenses related to airbag and seatbelt installation are anticipated to be a barrier for industry players. Manufacturers continue to place strong emphasis on cutting-edge designs and materials in order to provide customers with improved levels of comfort and safety. Striking a balance between product cost and quality is of paramount importance. These factors may pose further challenges to this target market in the years to come.

Opportunities for the Global Automotive Airbags & Seatbelts Market:

The increased desire for greater safety levels among automobile customers is placing immense pressure on manufacturers to install more advanced safety features. This will provide new opportunities for them in this market.

Competitive Landscape –

Key players of this market are

• ZF Friedrichshafen AG
• Aptiv PLC
• Autoliv Inc.
• Robert Bosch
• Takata Corporation
• DENSO Corporation
• Continental AG
• Ningbo Joyson Electronic Corp.
• Hyundai Mobis
• Toshiba Corporation
• others

Key developments –

2019:

• In July 2019, to improve vehicle safety, ZF designed an exterior airbag. This exterior airbag is designed to lessen the impact of an approaching vehicle, thereby reducing damage in the process. When this smart airbag system detects an impending collision, it is deployed.
• In April 2019, ZF and the government of Huadu, Guangzhou, signed an investment agreement. In Haudu, ZF will construct a new R&D facility to develop automotive electronics, brakes, steering, safety systems, new energy vehicles, as well as driverless vehicles.
• In June 2019, Joyson Safety Systems (JSS) has formed a Tri-Party Joint Venture in India. KSS Abhishek Safety Systems Private Limited, a JSS-Abhishek Industries joint venture is merging with Takata India Pvt. Ltd. (TIPL). JSS and ANAND Group have partnered to form TIPL. The name of the new tri-party joint venture will be Joyson ANAND Abhishek Safety Systems Private Limited. The merger of the two companies is subject to the approval of the National Company Law Tribunal (NCLT).

For the Automotive Airbags & Seatbelts Market research study, the following years have been considered to estimate the market size: