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TABLE OF CONTENTS
1. REPORT SUMMARY
1.1. RESEARCH METHODS AND TOOLS
1.2. MARKET BREAKDOWN
1.2.1. BY SEGMENTS
1.2.2. BY GEOGRAPHY
1.2.3. BY STAKEHOLDERS
Automobiles
2. MARKET OVERVIEW AND INSIGHTS
2.1. DEFINITION
2.2. ANALYST INSIGHT&CURRENT MARKET TRENDS
2.2.1. KEY FINDINGS
2.2.2. RECOMMENDATION
2.2.3. CONCLUSION
2.3. REGULATIONS
2.3.1. UNITED STATES
2.3.2. EUROPEAN UNION
2.3.3. CHINA
2.3.4. INDIA
2.3.5. REST OF THE WORLD
3. MARKET DETERMINANT
3.1.1. MOTIVATORS
3.1.1.1. INCREASE IN AWARNESS OF SAFETY IN VEHICLE
3.1.1.2. RISE IN NUMBER OF ROAD ACCIDENTS
3.1.1.3. MORDANIZATION IN AIRBAG TECHNOLOGY
3.1.1.4. INCREASED PURCHASING POWER OF CUSTOMER
Global Air Bags
3.1.1.5. MarketREGULATIONS
GOVERNMENT Research and Analysis, 2015-2022
A Report By-Orion
3.1.2. Market Research
RESTRAINTS
3.1.2.1. INCREASE IN COST OF VEHICLE
3.1.2.2. REPLACEMENT COST OF AIRBAG
6.3.1. INDIA
6.3.2. CHINA
6.3.3. JAPAN
6.4. REST OF THE WORLD
7. COMPANY PROFILES
7.1. AUTOLIV
7.1.1. AUTOLIV INTRODUCTION
7.1.2. AUTOLIV PRODUCT PORTFOLIO
7.1.3. AUTOLIV RECENT ACTIVITIES
7.2. CHEVEROLET
7.2.1. CHEVROLET INTRODUCTION
7.2.2. CHEVROLET PRODUCT PORTFOLIO
7.2.3. CHEVROLET RECENT ACTIVITIES
7.3. CONTINENTAL AG
7.3.1. CONTINENTAL AG INTRODUCTION
7.3.2. COTINENTAL AG PRODUCT PORTFOLIO
7.3.3. CONTINENTAL AG RECENT ACTIVITIES
7.4. DAICEL CORPORATION
7.4.1. DAICEL CORPORATION AUTOMOTIVE INTRODUCTION
7.4.2. DAICEL CORPORATION AUTOMOTIVE PRODUCT PORTFOLIO
7.4.3. DAICEL CORPORATION AUTOMOTIVE RECENT ACTIVITIES
7.5. DELPHI AUTOMOTIVE
7.5.1. DELPHI AUTOMOTIVE INTRODUCTION
7.5.2. DELPHI AUTOMOTIVE PRODUCT PORTFOLIO
7.5.3. DELPHI AUTOMOTIVE RECENT ACTIVITIES
7.6. DENSO CORPORATION
7.6.1. DENSO CORPORATION INTRODUCTION
7.6.2. DENSO CORPORATION BIOBOTS PRODUCT PORTFOLIO
7.6.3. DENSO CORPORATION BIOBOTS RECENT ACTIVITIES
7.7. FORD
7.7.1. FORD INTRODUCTION
7.7.2. FORD PRODUCT PORTFOLIO
7.7.3. FORD RECENT ACTIVITIES
7.8. HONDA
7.8.1. HONDA INTRODUCTION
7.8.2. HONDA PRODUCT PORTFOLIO
REPORT SUMMARY
The global airbag market has been growing significantly and expected to hit $XXXX million by 2022,
growing at a CAGR of XX% during 2017-2022. The major factors contributing to the growth of air bag
market includes rising road accident, increased awareness toward safety, introduction of new
technology, and increase in purchasing power of customer and government regulations. Airbag is a
safety device, which is designed to inflate rapidly when a collision or impact with a surface is
observed by the safety system. The function of airbag is to safeguard the person from any bashing
with the interior component of the vehicle at the time of collision. The airbag system consists of an
airbag cushion, a flexible fabric bag, inflation module and impact sensor, which combinedly work at
the time of collision.
The major factors that are augmenting the growth of the market are increasing awareness toward
road safety among people & increasing demand for road safety in the cars. Along with it, growth in
automobile market is augmenting the market. With the growth in automobile industry, the growth in
demand for Airbags in passenger cars and sports cars will also increase. According to OICA, in 2016,
around 72.1 million cars were manufactured globally, which was 6.5% more than 2014. According to
icebike.org, more than 800 thousand people died and more than 23 million people were injured
globally due to road accidents in 2016 and the total cost was more than $340 billion. The global
airbag market also finds vast opportunities in near coming future. By enhancing R&D efforts to
increase safety features in airbag as compared to older one, growth of luxury car market,
introduction of the airbag in new segments (2-wheeler, helmet will create the further demand of the
Airbags in the coming forecast period.) The increase in the cost of vehicle, replacement cost, and
high exit barrier for company will restrain the growth of the global airbag market. On June 17 th,
Takata Corp. had to file bankruptcy due to the recall of more than 100 million airbags worldwide. As
Takata Corp. is among top three manufacturers of the airbag globally, this event was also taken into
consideration during market research.
On the basis of geography, airbag market is segmented into North America, Asia Pacific, Europe and
RoW. In the current scenario, APAC dominates the global air bag market in terms of revenue. Main
countries contributing in the vehicle market are China; Japan, India, South Korea, Thailand.
Additional to this, APAC is expected to be the fastest growing region mainly because of the Chinas
automotive industry. At present, China is the leading exporter of vehicles in the world, and shares
about 33% of the total global production. China produces 24.4 million cars in 2016 only which was
22.6% (19 million in 2014) more than 2014. China is further expected to be the biggest exporter, as
the manufacturing cost is low and most of the big automotive players increase their investment in
the country. Key drivers for China automotive market is its vast population, reduction in purchase tax
on automobile in 2015, and availability of a wide range of variants. Apart from China, Japan and India
are also big markets for airbag. Car market of India and Japan combined manufactured 11.4 million
cars in 2016, which is about 15% of the global market.
Europe and North America will also contribute significantly after APAC in airbags market. Strict safety
norms, high purchasing power, developed economy, increasing number of road accidents and
awareness toward safety are the key drivers for the regional market. In Europe, about 17 million
(20% of global market) cars were manufactured in 2016. Germany, Spain, France, and the UK are the
key markets for airbag manufacturers. In North America, the U.S. and Canada are the major markets,
which manufactured 4.7 million cars in 2016. Moreover, extensive research activities will be
conducted during the forecast period by the companies within the region, which is anticipated to be
a vital growth factor during the forecast period.
Key players of the airbag market include Swedish company, Autoliv; Japanese company, Takata;
German company, ZF-TRW; and Japans Daicel. The market players are adopting the strategy of tie-
ups with universities and research institutes that work on safety technologies. In June 2017, Takata
Corp., a big player in air bag industry has announced bankruptcy because of the fault in more than
100 million airbags all over the world including 69 million in the U.S. The other big companies are
getting order for the replacement of faulty airbags, and automotive companies are changing their
policies. This incident will be a major impact on all corporate for their future expansion and growth
plans.
MARKET BREAKDOWN
Front Airbag
Side Airbag Passenger Cars
Curtain Airbag Sports Cars
Kneel Airbag Commercial Vehicles
Rear Airbag
All Rights Reserved
Global Air Bags Market Research and Analysis, 2015-2022
Airbag market is segmented on the basis of the two major segments: by type and by vehicle
segment. Based on type, the airbag market can be segmented into front airbag, side airbag, curtain
airbag, kneel airbag, and rear airbag. The front airbag market is expected to show the highest growth
at a CAGR of XXXX % during the forecasted period.
Based on vehicle segment; the airbag can be segmented into three types i.e. passenger vehicle,
sports cars, and commercial vehicle. The Passenger Vehicle Airbag Market is expected to show
highest growth rate during the forecast period with a CAGR of XXXX %. Passenger vehicle can further
be classified as hatchback, sedan & SUV, and commercial vehicle can be further divided into LCV and
MCV, buses and trucks.
A vital growth in Airbag market will be seen globally. APAC region will show growth because of large
economies such as Japan, India, and China. In North America, the U.S. and Canada are the big
markets for the Airbag, and the U.S. is expected to grow at a CAGR of XXXX % during the forecast
period. In Europe, the countries of the European Union such as the UK, France, Spain, Germany, and
Italy will show vital growth. Europe is expected to hit $XXXX million at a CAGR XX%.
MOTIVATORS
RISING NUMBER OF ROAD ACCIDENT
Road Accidents are increasing globally. Road accidents are the reason for more than
800 thousand deaths globally. In 2016, more than 23 million people were injured in
road accidents. Although road traffic injuries are a chief reason for mortality since
many years, most of the accidents are predictable and preventable. 17.5 people out
of 100, 000 people died in road accidents in 2013 globally, and the percentage of
the same is high in African and Middle East regions, followed by APAC region. The
mortality rate is lowest in America and Europe region. The major reason that the
mortality rate is lower in America and European region is that strict rules for the
safety system have been implemented in the regions like compulsion of seat belt,
airbag and so on. Road accidents are the ninth chief reason for the mortality
globally and if proper actions not taken in coming years it will be 6 th major reason of
mortality by 2030 and for the age group of 15-44 years road accidents is the major
reason of the mortality.
26.8
19.9
17.4 17 17.3
15.9
9.3
World America Europe South East Asia Western Pacific AfricaEastern Mediteterranean
Sour
ce: W H O
MARKET SEGMENTATION
FRONT AIRBAG
The front airbag is deployed in a vehicle so as to save the passenger sitting in thedriving seat and
its adjacent seat during collision. The front airbags operate during certain frontal or front-angular
collisions, impacts, or decelerations, depending on the crash severity, angle, speed, and object
impacted.
Alone in the US, from 1987 to 2012, the frontal airbag has saved more than 40, 000 lives.
Whenever there is a moderate to severe crash, a signal is sent to the air bag system i.e. ECU to the
inflator within Airbag Control Module (Airbag control Module controls the airbag and generally
found under the driver's seat. It monitors the vehicle sensors continuously for any collision). An
igniter starts a chemical reaction that produces the gas, which inflate the airbag in less than 1/20 th
of a second. The front airbag is designed to work best in combination with seat belts, as some fatal
injuries can be occurring because of inflation of Airbag in front seats during collision therefore
airbags in many vehicles inflates only when the passenger wears a seatbelt.
COMPANY PROFILE
AUTOLIVE, INC.
Klarabergsviadukten 70
Section B7
Stockholm, 111 64
Sweden
Tel: 46 8 58 72 06 00
Website: www.autoliv.com
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