Automotive Airbag Market Trends,
Segmentation, Key Players And Forecast
With the burgeoning number of vehicles in operation, the incidence of road accidents is also
increasing. As per the World Health Organization (WHO), 1.3 million people die on the roads
every year, with the actual count rising continuously. Therefore, governments across the globe
are making policies to impel automakers to install advanced safety features in automobiles.
One of the most-common such features nowadays in four-wheelers is an airbag.
As per P&S Intelligence, with the strong government and individual focus on vehicle and
passenger safety, the automotive airbag market will expand by a considerable degree in the
coming years. If a vehicle comes to an abrupt stop, the airbags automatically inflate and stop
people from banging their heads on the seat in front, doors and their windows, or on the front
windshield, thus protecting them from severe cerebral trauma.
There are three types of airbags: curtain & side, knee, and front. Curtain & side airbags are
deployed near doors and windows, to protect people from something hitting the vehicle from
the side. Front airbags are deployed from within the steering and the side cabinet, thereby
protecting people from smashing into the windshield, which can cause the glass to go through
the skull. Knee airbags are deployed from the lower section of the front cabin, to protect
people’s legs from getting sandwiched if the dashboard collapses into the vehicle floor.
Presently, North America is the largest automotive airbag market despite the fact that the
highest number of vehicles is sold and produced in Asia-Pacific (APAC). This is because
vehicle safety laws are the strictest in North America, and they have been around for a long
time here. Airbags and anti-lock braking systems (ABS) in all passenger cars were made
mandatory by the U.S. Highway Safety Act of 1991, 10–20 years before APAC. Moreover,
the U.S. New Car Assessmen