USD 14.17 billion
Global Automotive Curtain Airbags Market Size, Share, Growth Analysis, By Application(Torso curtain airbags, Head curtain airbags), By End-user(OEM and Aftermarket), By Vehicle(Hatchback, Sedan), By Type(Frontal airbag, Side airbag) - Industry Forecast 2024-2031
Report ID:
SQMIG45A2213 |
Region:
Global |
Published Date: February, 2024
Pages:
197
|
Tables:
120 |
Figures:
71
Global Automotive Curtain Airbags Market Insights
Global Automotive Curtain Airbags Market size was valued at USD 14.17 billion in 2021 and is poised to grow from USD 15.01 billion in 2022 to USD 23.26 billion by 2030, growing at a CAGR of 5.9% in the forecast period (2023-2030).
The rising incidence of road accidents has prompted Original Equipment Manufacturers (OEMs) to mandate airbag installations in vehicles as a safety measure. Alongside this, an upsurge in public awareness regarding vehicular safety and continual technological advancements are anticipated to drive a surge in demand for curtain airbags across the forecast period.
As consumers become more conscious of safety features in vehicles and as technology progresses, there's an increasing expectation and necessity for enhanced safety measures within automobiles. This heightened awareness and the ongoing advancements in automotive safety technologies are likely to fuel the demand for curtain airbags, which serve as a crucial safety component, aiming to provide additional protection to occupants in the event of a collision or accident.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
SUV
Growth Rate
5.9% CAGR
Global Automotive Curtain Airbags Market ($ Bn)
Country Share for North America Region (%)
Global Automotive Curtain Airbags Market By Vehicle (%)
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Global Automotive Curtain Airbags Market Segmental Analysis
The global Automotive Curtain Airbags market is segmented into various major segments. On the basis of application, the automotive curtain airbags market is segmented into torso curtain airbags, head curtain airbags, and combo curtain airbags. Based on end-user, the automotive curtain airbags market is segmented into OEM and aftermarket. The automotive curtain airbags market is also segmented on the basis of vehicle type into hatchback, sedan, sports utility vehicles, and other passenger cars, SUV, LCV, and HCV. Based on components, the market is characterized by airbag inflators, impact sensors, indicator lamps, and others. Based on type, the market is divided into frontal airbag, side airbag, knee airbag, and others.
Analysis by Vehicle
The market encompasses a significant share attributed to the hatchback/sedan segment, a segment buoyed by the widespread popularity of these vehicle types within urban locales. The steady ascent in sales figures of hatchbacks and sedans has directly correlated with a proportional increase in the demand for automobile airbags.
The SUV segment emerged as a dominant force in the 2022 market, driven by a heightened demand for SUVs in recent years. Consumer preferences have notably shifted towards vehicles that provide greater space, utility, and versatility, fueling the surge in SUV popularity. This consumer inclination towards SUVs has resulted in a notable increase in the presence of these vehicles on roads, consequently elevating the demand for airbags. The proliferation of SUVs within the automotive landscape has directly correlated with a heightened necessity for robust airbag systems, thereby augmenting the overall demand for airbags within the automotive sector.
Analysis by Component
The growth of the airbag inflator segment is primarily propelled by significant technological advancements witnessed in recent years. Notably, there has been a notable transition towards the adoption of pyrotechnic inflators, leveraging small explosive mechanisms to swiftly inflate airbags. This shift towards innovative pyrotechnic inflators serves as a key driver underpinning the segment's growth trajectory, revolutionizing the efficiency and speed of airbag deployment.
Simultaneously, the impact sensors segment has garnered a substantial market share in 2022 within the automotive airbag landscape. Impact sensors serve as pivotal components integral to airbag systems, responsible for detecting the severity and precise location of vehicular impacts, subsequently initiating the deployment of airbags. The critical role played by impact sensors in ensuring the effectiveness of automotive airbag systems significantly contributes to the burgeoning demand for these sensors in the market.
Global Automotive Curtain Airbags Market By Vehicle , 2021 (%)
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Global Automotive Curtain Airbags Market Regional Insights
North America asserts dominance within the automotive curtain airbags market, primarily driven by the increased adoption of airbags and continuous advancements in airbag design and technology. The region's prominence is further strengthened by the substantial presence of trade markets and a robust network of automotive distributors. These factors collectively contribute to North America's leadership position, showcasing a strong inclination towards embracing advanced safety technologies in vehicular design and reinforcing the significance of safety measures within the automotive industry.
The Asia-Pacific emerges as the swiftest-growing market for automotive curtain airbags, presenting ample potential for market expansion. The escalating disposable income among consumers in emerging economies such as China and India has stimulated a penchant for high-end vehicles equipped with curtain airbags. The considerable adoption rate of passive safety systems, including curtain airbags, coupled with the rapid progression of the automotive industry, notably bolsters market growth in China.
Global Automotive Curtain Airbags Market By Region, 2023-2030
- Largest
- Fastest
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Global Automotive Curtain Airbags Market Dynamics
Drivers
Increasing Penetration of Curtain Airbags in Sports Utility Vehicles
- Curtain airbags are strategically positioned along the front and rear pillars as well as the roof sides within vehicles. They are designed to deploy simultaneously with side airbags, providing vital protection to the heads of drivers or passengers and mitigating potential injuries in the event of a side collision. Predominantly, these airbags have found widespread deployment in SUVs and vans, prioritizing the safety of occupants in these vehicle types. However, with the continuous elevation of safety standards across all vehicle categories, there is an anticipated surge in the adoption of curtain airbags. This trend is expected to transcend from SUVs and vans to encompass a broader spectrum of vehicles, ranging from mini-cars to heavy-duty trucks.
Restraints
Lack of Consumer Awareness of Traffic Laws
- A critical hindrance impacting the global automotive curtain airbags market pertains to the limited consumer awareness concerning traffic regulations, particularly prevalent in rural areas. This lack of understanding poses a significant obstacle to market growth. Moreover, the development of the automotive curtain airbags market faces constraints due to inadequate governmental initiatives aimed at promoting automotive airbags as integral components of road safety measures. Additionally, the absence of robust enforcement by government authorities regarding appropriate traffic regulations in rural regions of developing and underdeveloped countries serves as a major impediment to consumer adoption of automotive airbags. This collective lack of awareness and regulatory reinforcement is poised to have a detrimental effect on market growth throughout the forecast period.
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Global Automotive Curtain Airbags Market Competitive Landscape
The competitive environment of the global Automotive Curtain Airbags market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- ZF Friedrichshafen (Germany)
- GWR Safety Systems (US)
- Infineon Technologies (Germany)
- Autoliv (Sweden)
- Joyson Safety Systems (US)
- Robert Bosch (Germany)
- Continental (Germany)
- Toshiba Device Corporation (Japan)
- Aptiv (Ireland)
- Denso (Japan)
- Tokai Rika (Japan)
- Hyundai Mobis (South Korea)
- Toyoda Gosei (Japan)
- Ashimori Industry (Japan)
Recent Developments
- Autoliv declared their objective to construct a new airbag cushion manufacturing facility in Vietnam, situated within the Amata City Ha Long Industrial Park in April 2023,. This plan aims to ramp up production capabilities for airbag systems, thereby, catering to the burgeoning Asia Pacific market's increasing demands. The establishment of this facility underscores Autoliv's commitment to meeting the escalating regional needs for airbag technology.
- ARC Automotive Inc., a prominent manufacturer specializing in inflation systems, forged a partnership with Yanfeng, a leading global automotive supplier in May 2022. This collaboration represents a strategic synergy between two industry leaders aimed at leveraging their expertise to innovate and deliver cutting-edge airbag inflator solutions to the automotive market. Both entities joined forces in a joint venture geared towards the development, production, and commercialization of automotive airbag inflators.
Global Automotive Curtain Airbags Key Market Trends
- The automotive sector has undergone substantial disruptions over the past decade, witnessing advancements in autonomous driving, connected vehicles, alternative fuel technologies, and the integration of blockchain. Throughout this evolution, passenger safety has remained a paramount concern within the industry, leading some nations to enforce stringent governmental regulations mandating the installation of airbags, specifically on both the driver and passenger sides. These industry trends have notably contributed to a heightened demand for curtain airbags, which serve as specialized side airbags designed to safeguard occupants' heads in the event of a vehicular accident. This emphasis on safety measures reflects the industry's commitment to enhancing passenger protection amidst the evolving landscape of automotive innovations and technological advancements.
Global Automotive Curtain Airbags Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Automotive Curtain Airbags marketplace analysis exhibits a dynamic marketplace with some of standout developments and problems. The market's primary impetus stems from heightened concerns surrounding vehicle safety, compounded by regulatory directives mandating the inclusion of automotive airbags. Consumers exhibit a growing inclination towards embracing advanced safety functionalities, particularly the integration of airbags in vehicles, as a means to enhance overall safety standards. The surge in road fatalities serves as a significant driver amplifying the demand for airbags within the automotive industry. As an illustration, the NHTSA (National Highway Traffic Safety Administration) projected an estimated count of 31,785 fatalities resulting from traffic crashes in January 2023, underscoring the urgency and necessity for improved vehicular safety measures, including the widespread adoption of airbag technologies.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 14.17 billion |
| Market size value in 2030 | USD 23.26 billion |
| Growth Rate | 5.9% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Automotive Curtain Airbags Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Automotive Curtain Airbags Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Automotive Curtain Airbags Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Curtain Airbags Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Curtain Airbags Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Automotive Curtain Airbags Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automotive Curtain Airbags Market Report Snapshots
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