Lucintel Forecasts The Global Automotive Airbag Market To Reach $28 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global automotive airbag market looks promising with opportunities in the SUVs and crossovers, large cars, and mid-size cars. The global automotive airbag market is expected to reach an estimated $28 billion by 2030 from $19 billion in 2023 at a CAGR of 6% from 2023 to 2030. The major drivers for this market are governmental regulations on safety standard, increasing number of traffic fatalities, increasing awareness on vehicle safety, and development of low-cost airbags.
A more than 150-page report to understand trends, opportunity and forecast in global automotive airbag market to 2030 by airbag type (front airbag, side airbag, curtain airbag, and knee airbag), by vehicle type (small cars, mid-size cars, large cars, MPV and LCV, SUV, and other vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that front airbag will remain the largest segment, and it is also expected to witness the highest growth over the forecast period due to increase in number of front crashes, which has increased the contribution ...
... of front airbags in the global automotive airbag market.
Download sample by clicking on automotive airbag market.
Asia Pacific is expected to remain the largest market due to increasing light vehicle production; China will remain the leading market in terms of vehicle production. Asia Pacific and North America are expected to witness significant growth over the forecast period because of increasing penetration of airbag components in vehicles in North America due to strict vehicular safety standards & regulations.
Autoliv Inc., Joyson Safety Systems, ZF TRW Automotive Holding Corp, Toyoda Gosei Co., Ltd., Hyundai Mobis Co., Ltd. are the major suppliers in the automotive airbag market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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