Base Year
Historical Year
Forecast Year
The global automotive airbags market attained a value of about USD 15.31 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.57% to reach nearly USD 34.84 billion by 2032.
| Global Automotive Airbags Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 15.31 |
| Market Size 2032 | USD Billion | 34.84 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 9.57% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 10.7% |
| CAGR 2024-2032 - Market by Country | India | 11.4% |
| CAGR 2024-2032 - Market by Country | Saudi Arabia | 10.5% |
| CAGR 2024-2032 - Market by Vehicle Type | Passenger Cars | 10.2% |
| CAGR 2024-2032 - Market by Sales Channel | Aftermarket | 9.9% |
| Market Share by Country 2023 | Germany | 5.2% |
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The rising demand for convenient driving among youth is driving the market for automotive airbags. Airbags provide head and neck protection to occupants in case of collision of vehicles. It gives protection to passengers in case of a rollover crash. As a result, the increasing focus on safety while driving is a significant factor boosting the market. Geographically, Asia Pacific is a significant region contributing to the market growth of automotive airbags because of the increasing manufacturing of vehicles in countries like South Korea and Japan, among others. In addition to this, growing consumer awareness for occupant protection against vehicle crashes is another reason propelling the growth of the market. Moreover, the increasing development of advanced airbag systems is expected to be a major factor enhancing the growth of the global market.
An airbag is a vehicle safety device that comprises a cushion designed to inflate rapidly and protect passengers in case of collision or accident. Airbag helps in decreasing the amount of force impacting a person's head.
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On the basis of airbag type, the market can be classified into:
Based on vehicle type, the market can be segmented into:
The market can be broadly categorised based on its sales channel into:
The EMR report looks into the regional markets of automotive airbags like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
| CAGR 2024-2032 - Market by | Country |
| India | 11.4% |
| Saudi Arabia | 10.5% |
| China | 10.3% |
| Mexico | 10.1% |
| UK | 9.4% |
| USA | 9.2% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Australia | XX% |
| Brazil | XX% |
| Germany | 8.4% |
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The growth in the global market for automotive airbags is being driven by the flourishing automotive sector. Rising innovations and the introduction of advanced features in new vehicle models is augmenting the automotive sector, thereby adding impetus to the market growth of automotive airbags. This can be associated with the implementation of stringent government regulations pertaining to the deployment of airbags in new vehicles. In addition, advancements in ADAS system is further propelling the market for automotive airbags in personal vehicle applications. Furthermore, with the development of autonomous vehicles, the market is likely to witness robust growth during the forecast period as well. In line with this, increasing partnerships between automotive manufacturers and companies inbolved in the production of airbags is anticipated to stimulate the market in the coming years. Moreover, factors such as rising consumer awareness, willingness to spend on vehicular security and protection systems, and rising per capita disposable incomes are expected to play a significant role in determining the growth of the market during the forecast period.
The report presents a detailed analysis of the following key players in the global automotive airbags market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Airbag Type |
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| Breakup by Vehicle Type |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global automotive airbags market attained a value of about USD 15.31 billion.
The market is estimated to grow at a CAGR of 9.57% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 34.84 billion by 2032.
The major drivers of the industry, such as the rising disposable incomes, growing retail sector, rising government regulations, and increasing technological innovations, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the growing investments by key players in the market and increasing demand for safer and more convenient driving.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different types of automotive airbags are knee, front, and curtain and side, among others.
The significant vehicle types of automotive airbags are passenger cars and commercial vehicles, among others.
The leading sales channels of automotive airbags include OEM and aftermarket.
The major players in the industry are Joyson Safety Systems Aschaffenburg GmbH, Autoliv Inc., TOYODA GOSEI Co., Ltd., and ZF Friedrichshafen AG, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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