Airbag systems market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation – Technavio

NEW YORK, Jan. 4, 2023 /PRNewswire/ — According to Technavio, the global airbag systems market size is estimated to grow by USD 5,440.67 million from 2022 to 2027. The market is expected to grow at a CAGR of 7.1% during the forecast period. Moreover, the growth momentum will accelerate. North America will account for 34% of the growth of the global market during the forecast period. 

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Global airbag systems market – Five forces

The global airbag systems market is fragmented, and the five forces analysis covers – 

• Bargaining power of buyers 
• The threat of new entrants
• Threat of rivalry
• Bargaining power of suppliers
• Threat of substitutes
• For interpretation of Porter’s five forces model – buy the report!

Global airbag systems market – Customer landscape

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global airbag systems market – Segmentation assessment

Segment overview

Technavio has segmented the market based on application (passenger cars and commercial vehicles) and type (front airbag, knee airbag, side airbag, and curtain airbag). 

• The passenger cars segment will grow at a significant rate during the forecast period. The growing demand for safe vehicles has increased the demand for airbags globally. The number of passenger cars is growing due to safety requirements imposed on the automobile industry by governments. Hence, manufacturers are installing advanced features such as airbag sensors to improve passenger safety. The adoption of side/curtain airbags, knee airbags, and exterior airbags is also increasing. These factors will drive the growth of the passenger car segment during the forecast period.

Geography overview

Based on geography, the global airbag systems market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global airbag systems market.

• North America is estimated to account for 34% of the growth of the global market during the forecast period. The growth of the market in the region is attributed to factors such as the steady growth of the automotive market. The presence of leading vehicle OEMs and stringent regulations for vehicle safety will also drive the market’s growth. OEMs are introducing advanced features such as active and passive safety features to attract consumers. These factors are likely to lead to the standardization of various airbags during the forecast period.

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Global airbag systems market – Market dynamics

Key factor driving market growth

• The increased vehicle safety is driving the market’s growth.
• Road accidents can be avoided by installing safety systems such as airbags in cars, which are installed on the sides of doors, on the front panel, and on the steering wheel. Most vehicles contain these airbags.
• The vehicles are also equipped with safety curtains.
• The growing concern for vehicle safety is expected to drive the growth of the global airbag systems market during the forecast period.

Leading trends influencing the market 

• M&A and partnerships in the automotive airbag and its component markets is a key trend in the market.
• The global automotive industry is highly competitive, and companies in the automotive value chain are looking for ways to strengthen their position.
• Companies are also focusing on strategies such as partnerships. For example, in October 2020, Toyoda Gosei Co. Ltd. agreed to set up a joint venture to produce automotive airbag yarns with Bangkok-based Indorama Polyester Industries PCL (IPI.
• Thus, the increasing partnership among industry players will support the growth of the global market during the forecast period.

Major challenges hindering market growth

• Failure of airbag systems is challenging the market’s growth.
• Sometimes airbags may not function without warning or may not deploy when needed.
• If the occupant’s head or body is too close when an airbag is deployed, it can cause serious injuries.
• Airbag injuries can range from facial lacerations to a broken nose, depending on the severity of the incident.
• Therefore, growing concerns regarding airbag system failures may hinder the market’s growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this airbag systems market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the airbag systems market between 2023 and 2027
• Precise estimation of the size of the airbag systems market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the airbag systems market across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of airbag systems market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global airbag systems market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global airbag systems market 2017 – 2021 ($ million)

• 4.2 Application Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.3 Type Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments 
• Exhibit 30: Chart on Application – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application – Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Passenger cars – Market size and forecast 2022-2027
• Exhibit 34: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)

• 6.4 Commercial vehicles – Market size and forecast 2022-2027
• Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Type

• 7.1 Market segments 
• Exhibit 43: Chart on Type – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Type – Market share 2022-2027 (%)

• 7.2 Comparison by Type 
• Exhibit 45: Chart on Comparison by Type
• Exhibit 46: Data Table on Comparison by Type

• 7.3 Front airbag – Market size and forecast 2022-2027
• Exhibit 47: Chart on Front airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Front airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Front airbag – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Front airbag – Year-over-year growth 2022-2027 (%)

• 7.4 Knee airbag – Market size and forecast 2022-2027
• Exhibit 51: Chart on Knee airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Knee airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Knee airbag – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Knee airbag – Year-over-year growth 2022-2027 (%)

• 7.5 Side airbag – Market size and forecast 2022-2027
• Exhibit 55: Chart on Side airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Side airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Side airbag – Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Side airbag – Year-over-year growth 2022-2027 (%)

• 7.6 Curtain airbag – Market size and forecast 2022-2027
• Exhibit 59: Chart on Curtain airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Curtain airbag – Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Curtain airbag – Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Curtain airbag – Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by Type 
• Exhibit 63: Market opportunity by Type ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027
• Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027
• Exhibit 77: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 South America – Market size and forecast 2022-2027
• Exhibit 81: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 85: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027
• Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027
• Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 97: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Canada – Market size and forecast 2022-2027
• Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)

• 9.12 Japan – Market size and forecast 2022-2027
• Exhibit 105: Chart on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 Autoliv Inc. 
• Exhibit 116: Autoliv Inc. – Overview
• Exhibit 117: Autoliv Inc. – Product / Service
• Exhibit 118: Autoliv Inc. – Key news
• Exhibit 119: Autoliv Inc. – Key offerings

• 12.4 Continental AG 
• Exhibit 120: Continental AG – Overview
• Exhibit 121: Continental AG – Business segments
• Exhibit 122: Continental AG – Key offerings
• Exhibit 123: Continental AG – Segment focus

• 12.5 Daicel Corp. 
• Exhibit 124: Daicel Corp. – Overview
• Exhibit 125: Daicel Corp. – Business segments
• Exhibit 126: Daicel Corp. – Key news
• Exhibit 127: Daicel Corp. – Key offerings
• Exhibit 128: Daicel Corp. – Segment focus

• 12.6 Denso Corp. 
• Exhibit 129: Denso Corp. – Overview
• Exhibit 130: Denso Corp. – Business segments
• Exhibit 131: Denso Corp. – Key news
• Exhibit 132: Denso Corp. – Key offerings
• Exhibit 133: Denso Corp. – Segment focus

• 12.7 Helite Sarl 
• Exhibit 134: Helite Sarl – Overview
• Exhibit 135: Helite Sarl – Product / Service
• Exhibit 136: Helite Sarl – Key offerings

• 12.8 HELLA GmbH and Co. KGaA 
• Exhibit 137: HELLA GmbH and Co. KGaA – Overview
• Exhibit 138: HELLA GmbH and Co. KGaA – Business segments
• Exhibit 139: HELLA GmbH and Co. KGaA – Key news
• Exhibit 140: HELLA GmbH and Co. KGaA – Key offerings
• Exhibit 141: HELLA GmbH and Co. KGaA – Segment focus

• 12.9 Hyundai Motor Co. 
• Exhibit 142: Hyundai Motor Co. – Overview
• Exhibit 143: Hyundai Motor Co. – Business segments
• Exhibit 144: Hyundai Motor Co. – Key news
• Exhibit 145: Hyundai Motor Co. – Key offerings
• Exhibit 146: Hyundai Motor Co. – Segment focus

• 12.10 Joyson Safety Systems Aschaffenburg GmbH
• Exhibit 147: Joyson Safety Systems Aschaffenburg GmbH – Overview
• Exhibit 148: Joyson Safety Systems Aschaffenburg GmbH – Product / Service
• Exhibit 149: Joyson Safety Systems Aschaffenburg GmbH – Key offerings

• 12.11 Kolon Industries Inc. 
• Exhibit 150: Kolon Industries Inc. – Overview
• Exhibit 151: Kolon Industries Inc. – Product / Service
• Exhibit 152: Kolon Industries Inc. – Key offerings

• 12.12 Nihon Plast Co. Ltd. 
• Exhibit 153: Nihon Plast Co. Ltd. – Overview
• Exhibit 154: Nihon Plast Co. Ltd. – Business segments
• Exhibit 155: Nihon Plast Co. Ltd. – Key offerings
• Exhibit 156: Nihon Plast Co. Ltd. – Segment focus

• 12.13 Robert Bosch GmbH 
• Exhibit 157: Robert Bosch GmbH – Overview
• Exhibit 158: Robert Bosch GmbH – Business segments
• Exhibit 159: Robert Bosch GmbH – Key news
• Exhibit 160: Robert Bosch GmbH – Key offerings
• Exhibit 161: Robert Bosch GmbH – Segment focus

• 12.14 Toray Industries Inc. 
• Exhibit 162: Toray Industries Inc. – Overview
• Exhibit 163: Toray Industries Inc. – Business segments
• Exhibit 164: Toray Industries Inc. – Key news
• Exhibit 165: Toray Industries Inc. – Key offerings
• Exhibit 166: Toray Industries Inc. – Segment focus

• 12.15 Toyoda Gosei Co. Ltd. 
• Exhibit 167: Toyoda Gosei Co. Ltd. – Overview
• Exhibit 168: Toyoda Gosei Co. Ltd. – Business segments
• Exhibit 169: Toyoda Gosei Co. Ltd. – Key news
• Exhibit 170: Toyoda Gosei Co. Ltd. – Key offerings
• Exhibit 171: Toyoda Gosei Co. Ltd. – Segment focus

• 12.16 Yanfeng International Automotive Technology Co. Ltd.
• Exhibit 172: Yanfeng International Automotive Technology Co. Ltd. – Overview
• Exhibit 173: Yanfeng International Automotive Technology Co. Ltd. – Product / Service
• Exhibit 174: Yanfeng International Automotive Technology Co. Ltd. – Key offerings

• 12.17 ZF Friedrichshafen AG 
• Exhibit 175: ZF Friedrichshafen AG – Overview
• Exhibit 176: ZF Friedrichshafen AG – Business segments
• Exhibit 177: ZF Friedrichshafen AG – Key news
• Exhibit 178: ZF Friedrichshafen AG – Key offerings
• Exhibit 179: ZF Friedrichshafen AG – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

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