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(Transportation-News.com, February 09, 2016 ) 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. The consumer’s preference for fuel efficient light weight cars has been compelling the vehicle component manufacturers and original equipment manufacturers (OEMs) to integrate light-weight car components. This is accelerating the demand of light plastics in the automotive accessory manufacturing. The use of plastic in a vehicle helps in weight reduction and facilitates fuel saving.
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An airbag consists of a flexible fabric bag, known as an airbag cushion. An airbag is designed to promptly inflate during a collision and deflate after the accident takes place. It is a type of vehicle safety device. There are various places, where the airbags are located in a vehicle. Front airbags inflate during crashes that take place at the frontal part of the vehicle. Side airbags cover the window and provide cushion between the head of the occupant and the side windows. Driver airbags, knee airbags, and side airbags help in protecting the knee, head, body and chest injuries and the inflators help to fill gas in the airbag fabric. One of the major growth drivers for the global automotive airbag market is the existence of car safety rating programs.
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Some of the institutions, such as New Car Assessment Program (NCAP), award safety ratings to cars based on safety performance. The stringent road safety government regulations and increased automotive safety awareness in various countries is expected to boost the growth of the global market in near future. Presently, airbags are only mandatory in developed markets, which is a major factor hindering the growth of the global market of automotive airbags in the developing countries.
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.
Global Automotive Airbag Market Segmentation:
By Product
• Side Airbags
• Knee Airbags
• Front Airbags
By Geography
• North America
• The U.S.
• Canada
• Rest of North America
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Europe
• The U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• Australia
• Japan
• India
• China
• Rest of APAC
• Middle East & Africa
• South Africa
• Rest of MEA
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