Automotive Curtain Airbag Market shall reach a value of $2x61.4 Million in 2032, growing with a CAGR of 12.13% during the forecast period of 2022 to 2032.
Automotive Curtain Airbags Market Definition / Research Scope
For the purpose of this market research report, Automotive Curtain Airbag is defined as an airbag that offers head protection from side collision in cars. The increasing pressure by regulatory bodies to make motor vehicles safer for users has led to the inclusion of Automotive Curtain Airbags into cars. Traditional airbags provide protection only in the case of front collision. However, as the number of road accidents are increasing day by day, Automotive Curtain Airbag have become a mandatory part of manufacture of cars. Automotive Curtain Airbag reduce the fatalities and injuries from side impacts up to forty-five percent. Some of Automotive Curtain Airbags are also programmed to open in case of a frontal impact.
Automotive Curtain Airbags Market Growth & Trend Analysis
The emergence of autonomous cars, alternative fuel vehicles, connected cars, light vehicles, and blockchain has given the automotive industry its most disruptive decade. Airbags were mostly reserved for luxury cars a decade ago. The current situation is completely different as a result of increased pressure from regulatory agencies, consumer concerns about safety, and intense competition in the market. Therefore, airbags in cars are an absolute necessity. Curtain airbags are therefore very popular. These airbags protect people from being injured. During an accident, curtain airbags provide cushioning between the occupants and the windows, which prevents chances of the occupants being injured. Nearly every new car released in the past couple of years had at least one airbag (on the drivers side), with some nations also offering curtain-mounted airbags. Due to an increase in road accidents, vehicle manufacturers are now required to install airbags. Over the forecast period, an increase in public awareness, as well as ongoing technological advancements, are expected to foster market growth significantly.
The slowdown in automobile sales due to COVID-19 is causing ripple effects in numerous industries that are dependent on the automotive industry. Due to social distancing, the auto industry had to adapt to new ways of working even once businesses reopen. Faced with declining demand, automakers are revising their strategies and operations for the post-COVID-19 world. To improve customer engagement and provide financial relief, the company is currently focused on enabling a remote workforce where possible, reducing operating costs, and investing in digital technologies. As remote workplaces and collaborations have opened new ways for hackers to attack, auto manufacturers have to keep funding CASE innovations (Connected, Autonomous, Shared, and Electric) in order to stay ahead of their competitors. Industry 4.0 initiatives are likely to slow down in the near term, even so, manufacturers realize the importance of creating resilient supply chains and manufacturing operations in the long run. In addition, mergers and acquisitions and increased resource pooling will be beneficial for organizations.
Automotive Curtain Airbags Market Segmentation
The front pillars, roof sides, and rear pillars of the vehicle are equipped with curtain airbags. During a side collision, it deploys simultaneously with the side airbag to protect the drivers or passengers head. Most airbags in SUVs and vans are curtain airbags. As safety standards are increasing across all types of vehicles, curtain airbags are likely to grow during the forecast period, owing to their increased adoption across automotive segments, from mini-cars to heavy-duty trucks. All occupants are required to be protected from side-impact collisions as stated by federal regulation. The side airbags are not specifically mandated, but they are typically sufficient to provide the required level of protection. Due to this, most passenger vehicles come with side airbags as standard equipment. Around 22% of fatal and serious injuries associated with side-impact crashes occur at intersections. Thus, curtain airbags have become more readily available. From 64% in 2011 to 94% in early 2021, the percentage of new vehicles sold in Victoria with curtain airbags has increased.
The automotive curtain airbags market is seeing significant opportunities outside the automotive industry, as well. An automotive curtain airbag protects the heads and necks of patients during an unexpected accident. In addition to the roll sensors, ambulance manufacturers continue to integrate them into the ambulance, so that when an unexpected accident occurs, the airbags deploy, thereby boosting the sales of automotive curtain airbags. In the automotive curtain airbags market, the nylon type segment is expected to grow at the highest rate due to its high revenue potential. Globally, nylon is expected to surpass US$ 74 million by the end of 2022. Within the automotive curtain airbag market, nylon is projected to register the highest CAGR through 2022. Further, OEMs are expected to witness the highest revenue growth compared to other channels of sales. OEM sales are expected to exceed US$ 85 Mn by the end of 2022. However, the aftermarket remains the biggest market for automotive curtain airbags. Throughout 2022, automotive curtain airbags are expected to grow at the highest rate via the aftermarket channel.
Automotive Curtain Airbags Market Regional Analysis
Advancement in-vehicle passive safety systems and increased risk of road accidents are expected to implement growing demands for automotive airbag systems in the global market for driver’s safety. The Asia Pacific market with prominent manufacturers like Hyundai and Maruti Suzuki is expected to drive the automotive airbag market in the region owing to increasing technological innovations by the players.
North America is estimated to grow as a fast pacing market, with national safety administrations of airbags and high investments by prominent players in the region. Also, the growing consumer awareness to adopt vehicle safety features providing drivers’ protection against vehicle crash is expected to thrust the European market.
The Middle East is expected to grow primarily due to rising safety concerns and superior thermal properties of coated airbag that will fuel future demands in the region.
Automotive Curtain Airbags Market Competition
Market participants include Visteon Corporation, Autoliv Inc., Continental AG, Delphi Technologies, Toyoda Gosei Co., Ltd., and Neaton Auto Products Manufacturing Inc., among others. The companies have been developing innovative and better curtain airbags to compete against their competitors. A modular safety platform called SPEED (Safety Platform for Efficient & Economical Design), which meets all market requirements, will be used in India by Continental AGs airbag control unit manufacturing business, the company announced in January 2019. A new side airbag was jointly developed in July 2017 by Toyota Gosei Co Ltd and Toyota Motor Corporation, which has achieved global vehicle crash safety assessment conformity. About 2.5 million vehicles will be equipped with it every year, including the new Toyota Camry.
Years considered for this report
• Historical Years: 2018-2020
• Base Year: 2021
• Forecast Period: 2022-2032
Automotive Curtain Airbags Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2032)
• Data breakdown for every market segment (2022 – 2032)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Vehicle Type Analysis (Revenue, USD Million, 2022 - 2032)
• Sports Utility Vehicle
• Other Vehicle Types
Material Type Analysis (Revenue, USD Million, 2022 - 2032)
Application Type Analysis (Revenue, USD Million, 2022 - 2032)
• Torso Curtain Airbags
• Head Curtain Airbags
• Combo Curtain Airbags
End-User Type Analysis (Revenue, USD Million, 2022 - 2032)
Regional Analysis (Revenue, USD Million, 2022 - 2032)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of the World
Automotive Curtain Airbags Market companies:
• Toray Industries, Inc
• Delphi Technologies
• Toyoda Gosei Co., Ltd
• Takata, ZF- TRW
• Autoliv Inc
• Continental AG
• DENSO CORPORATION
• Daicel Corporation
• Hyundai Mobis Co. Ltd
• Kolon Industries, Inc.
• Ashimori Industry Co., Ltd
• Robert Bosch GmbH
• Nihon Plast Co
Available Versions of Automotive Curtain Airbags Market: -
• United States Automotive Curtain Airbags Industry Research Report
• Europe Automotive Curtain Airbags Industry Research Report
• Asia Pacific Automotive Curtain Airbags Industry Research Report
For a customized research report, please send your requirements to firstname.lastname@example.org or fill the below form with details.
Please fill in the form below to Request for free Sample Report
Office Hours Mon - Sat 10:00 - 16:00
Send Us Mail email@example.com
© 2018 Market Decipher. All Rights Reserved