Automotive Airbag Market: 10.16% CAGR Grow To 2020

ReportsnReports.com adds Global Automotive Airbag Market 2016-2020 latest research report; the analyst forecast the global automotive airbag market to grow at a CAGR of 10.16% during the period 2016-2020.

November 30, 2016 /MarketersMedia/ —

The global automotive airbag market analyst says one of latest trends in the market is adoption of curtain airbags in low-cost and compact vehicles. Curtain airbags, which are part of the passive safety system, are inflatable devices that protect the passengers and driver’s head and chest in a side impact crash. The growing concerns about automotive safety among consumers from various socioeconomic groups are driving the demand for enhanced safety features like curtain airbags across all automotive segments, including low-cost and compact automobiles. In many developing economies such as China, India, and Brazil, curtain airbags are restricted to luxury cars and very few other passenger car segments. Most of the low-end cars sold by OEMs in developing regions are not fitted with curtain airbags so as to attract price-sensitive customers and to improve sales figures.

Complete report on automotive airbag market spread across 61 pages, analyzing 13 major companies and providing 28 data exhibits are now available at http://www.reportsnreports.com/reports/769789-global-automotive-airbag-market-2016-2020.html

According to the automotive airbag market report, one of the primary drivers in the market is ensuring in-vehicle safety against fatalities due to vehicle rollover and side impacts. Airbags are central to passenger safety in a moving vehicle because these devices are designed to reduce fatalities during collisions. Airbags are attached on steering panels, front instrument panels, and sides of car doors. These are common features and come as factory fit in almost all vehicles manufactured at present. Manufacturers have introduced curtain airbags that are mounted on the top of doors and roofs. These airbags protect passengers during side collisions and rollovers. Developing automotive markets such as China, India, the US, Japan, and Europe have high demand for curtain airbags.

The following companies are the key players in the global automotive airbag market: Autoliv, Takata, and ZF TRW. Other prominent vendors in the market are: Ashimori, Bosch, Delphi, Continental, Key Safety Systems, Daicel, Hyundai Mobis, Ningbo Joyson Electronic, Nihon Plast, and Toyoda Gosei. Order a copy of Global Automotive Airbag Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=769789

APAC will be the largest region in the global market, and is expected to produce more than 115 million units by 2020. India, China, South Korea, and Japan will emerge as the key revenue-generators.

Global Automotive Airbag Market 2016-2020 has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global automotive airbag market for 2016-2020. To calculate the market size, this report covers the analysis and forecasts of the global automotive airbag market.

Further, the automotive airbag market report states that one major challenge in the market is raising number of vehicle recalls because of potential hazards caused by inflators in airbags. In 2016, the automotive industry witnessed a historical number of vehicle recalls by automakers because of hazardous inflators equipped by a leading player in the airbag market. Recalls are being done by Toyota, Nissan, Ferrari, and Mitsubishi among others in the US; these recalls add up to more than 12 million vehicles. In addition, in Japan, the transport ministry has recalled 7 million vehicles that were equipped with airbags from Takata.

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