Automotive Airbag Market Outlook by Opportunities, Trends and Market Analysis by 2023

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The growth in number of deaths due to increasing car accidents, increasing awareness about safety of vehicles, and inclination towards advanced automotive technologies to reduce the impact of accidents are some of the growth drivers for the global automotive airbag market. The rapid technological advances taken place in the automotive airbag industry, has led to the rapid adoption of new technologies. The automotive airbag market is also driven by advancements in plastic industry.



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The deployment of airbags in low cost cars is a major opportunity, which is expected to influence the growth of the global airbag market. Now-a-days, most of the premium or high cost cars are provided with airbag functionality, while the need of the hour is to integrate airbags in low cost cars and provide good quality reliable airbags within the premium cars.

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However, the incorporation of fake airbags in some cars and development of advanced security features are some of the major restraints in the global automotive market. The counterfeit airbags is a growing problem in the U.S. and Canada. The U.S. police estimated that one in 25 cars have fake airbags. The anti-crash sensors, vehicles using GPS (Global Positioning System) and driver less vehicles (Robotics) can impose serious threats to the airbag industry. During the next few years, vehicles are expected to be equipped with algorithms which can anticipate hazard and intervene or warn the driver. To some extent, this may pose as an indirect threat to the growth of the global airbags market. 

Takata Corporation, Toyoda Gosei Co. Ltd., DENSO CORPORATION, Robert Bosch GmbH, TRW Automotive Inc. are some of the competitors in the global automotive airbag market.

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