According to a market report by Lucintel, the future of the automotive airbag electronics market looks promising with opportunities in the compact cars, mid-sized cars, small cars, luxury cars, light commercial vehicles, heavy commercial vehicles, and electric vehicle markets. The automotive airbag electronics market is expected to grow with a CAGR of 7% from 2019 to 2024. The major drivers for this market are stringent government safety regulations, growing demand for safer and more efficient driving experience, and increasing electronic content per vehicle.
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Compact cars, mid-sized cars, luxury cars, light commercial vehicles, heavy commercial vehicles, and electric cars are the major end use segments of the automotive airbag electronics market.
Within the automotive airbag electronics market, front, side, curtain, and knee airbag are the major airbag type. Front airbag is the largest airbag segment for automotive airbag electronics market.
Asia Pacific will remain the largest region over the forecast period due to the rising consumer income levels, increased vehicle production in developing countries, such as India and China, and increase in the number of luxury vehicles.
Autoliv, Joyson Safety Systems, Denso Corporation, Toyoda-Gosei, Takata Corporation, TRW Automotive Holdings, Hyundai Mobis, Ashimori, Nihon Plast, and Ningbo Joyson Electronic are among the major manufacturers of automotive airbag electronics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive airbag electronics market by airbags type, by end use, by sales channel, and by region. Lucintel has prepared a comprehensive research report titled "Automotive Airbag Electronics Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the automotive airbag electronics market by airbags type, by end use, by sales channel, and by region as follows:
By Airbag Type [$M shipment analysis for 2013 – 2024]
Frontal airbags
Knee airbags
Side & curtain airbags
By End Use [$M shipment analysis for 2013 – 2024]
Passenger Car
Small cars
Compact cars
Mid-Sized cars
Luxury cars
SUVs & Crossovers
Light Commercial Vehicle
Heavy Commercial Vehicles
Electric Vehicles
By Sales Channel [$M shipment analysis for 2013 – 2024]
By Region [$M shipment analysis for 2013 – 2024]
North America
Europe
Germany
Russia
France
United Kingdom
Italy
Asia Pacific
Japan
India
South Korea
Indonesia
Turkey
China
The Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/automotive-airbag-electronics-market.aspx or helpdesk@lucintel.com.
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