How Has the Automotive Airbags And Seatbelts Market Evolved Historically and What is its Current Size?
The automotive airbags and seatbelts market has seen considerable growth due to a variety of factors.
• The automotive airbags and seatbelts market has experienced significant growth in recent years. It will grow from $34.62 billion in 2024 to $37.49 billion in 2025, at a compound annual growth rate (CAGR) of 8.3%.
The expansion is driven by heightened awareness of vehicle safety, growth in the automobile industry, demand for enhanced safety features, and increasing road traffic and accidents.
What is the Forecasted Market Size and CAGR for the Automotive Airbags And Seatbelts Market?
The automotive airbags and seatbelts market is expected to maintain its strong growth trajectory in upcoming years.
• The automotive airbags and seatbelts market is forecast to reach $50.86 billion by 2029, with a CAGR of 7.9%.
Growth is attributed to the increasing adoption of advanced driver assistance systems (ADAS), a focus on occupant safety, the rise in road traffic, improved safety ratings, and increased vehicle production. Major trends include advanced airbag systems, integrated child safety features, lightweight materials, and interlock system integration.
What Key Factors and Trends Are Driving The Growth Automotive Airbags And Seatbelts Market?
The increase in vehicle production is expected to propel the growth of the automotive airbags and seatbelts market. The surge in vehicle production is driven by the rising demand for electric and hybrid vehicles, as well as the emergence of autonomous vehicles. Airbags and seatbelts are crucial safety features that minimize injury risks during accidents by restraining occupants and cushioning impacts. The European Automobile Manufacturers Association reported a 5.7% increase in global motor vehicle production in 2022, which is expected to drive the growth of the automotive airbags and seatbelts market.
What Are The Market Segments In The Automotive Airbags And Seatbelts Market?
The automotive airbags and seatbelts market covered in this report is segmented –
1) By Airbag Types: Frontal Airbags, Knee Airbags, Side Or Curtain Airbags
2) By Seatbelt Type: 2 Point, 3 Point, 5 Point, Other Seatbelt Types
3) By Vehicle Types: Passenger Cars, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCVS)
4) By Sales Channels: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Frontal Airbags: Driver Airbags, Passenger Airbags, Dual-Stage Frontal Airbags, Smart Or Adaptive Frontal Airbags
2) By Knee Airbags: Driver Knee Airbags, Passenger Knee Airbags, Side-Mounted Knee Airbags
3) By Side Or Curtain Airbags: Side-Impact Airbags, Curtain Airbags For Head Protection, Thorax And Pelvic Side Airbags, Inflatable Side Tubes And Side-Curtain Inflatable Structures
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How Are New Trends Impacting The Size Of The Automotive Airbags And Seatbelts Market?
Companies in the automotive airbags and seatbelts market are developing smart seat belt technologies to improve safety and comply with new regulations. For instance, ZF Friedrichshafen AG introduced a smart seat belt system in January 2024 with a multi-stage load limiter. This technology adjusts the seat belt force based on the occupant's size and weight, improving safety by providing tailored restraint forces during a crash.
Who Are the Key Players In The Automotive Airbags And Seatbelts Market?
Major companies operating in the automotive airbags and seatbelts market are:
• Robert Bosch GmbH
• DENSO Corporation
• ZF Friedrichshafen AG
• Continental AG
• The Hyundai Motor Group
• Mitsubishi Electric Corporation
• Faurecia SE
• Lear Corporation
• Aptiv Plc.
• Autoliv Inc.
• Toyoda Gosei Co. Ltd.
• Tokai Rika Co. Ltd.
• Daicel Corporation
• TS Tech Co. Ltd.
• Nihon Plast Co. Ltd.
• Key Safety Systems (KSS)
• Ashimori Industry Co. Ltd
• Nihon Tokushu Toryo Co. Ltd.
• Delphi Automotive
• Goradia Industries
• Far Europe Holding Limited
• Hayakawa Rubber Company
What Are The Regional Insights Into The Automotive Airbags And Seatbelts Market?
Asia-Pacific was the largest region in the automotive airbags and seatbelts market in 2023. The regions covered in the automotive airbags and seatbelts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
