Automotive Airbags is passive safety (see car safety performance) protection system. It is used in conjunction with seat belts to provide adequate collision protection for occupants. When a car collides, a car airbag can reduce the head injury rate by 25% and the facial injury rate by about 80%. It is mainly composed of airbag sensors, anti-collision airbags, and electronic control devices. The driver’s side crash airbag device is in the steering wheel; the passenger’s side crash airbag device is generally installed on the dashboard. The seat belts are essential passive safety parts, which play a role in restraining displacement and buffering. When a collision accident occurs, the seat belt is locked by an internal locking mechanism, thereby binding the occupant to the seat, and reducing the risk of a second collision of the occupant.
The global automotive airbags & seatbelts market size was valued at USD 27.42 billion in 2019 and projected to reach USD 46.51 billion by 2027 at a CAGR of 6.55% over the forecast period, 2020-2027. The growth of the market can be attributed to the increasing safety regulations and advancements in airbags material. Further, the growing awareness among consumers regarding the importance of implementing passive safety systems, such as airbags and seatbelts, is projected to drive market growth. Additionally, the government legislations towards consumer safety & security as for the usage of seat belts in vehicles is likely to augment the market expansion in the upcoming periods.
Moreover, the increase in traffic, resulting in an upsurge in car accidents, which in turn increases consumer concern towards safety, is expected to propel the growth of global automotive airbags & seatbelts market share. Also, the shifting of consumers towards enhanced vehicle safety features, providing occupant protection against frontal and rollover crashes, will spur the growth of the automotive airbags & seatbelts market. Furthermore, the surge in disposable income across the emerging economies and growing consumer awareness towards the adoption of enhanced safety features in vehicles will increase the global automotive airbags & seatbelts market in the coming years. Additionally, the growing demand for passenger vehicles that are integrated with advanced safety features such as blind-spot detection, lane keep assist, and anti-roll braking system units are positively impacting the market.
Stringent law and regulations acted by various countries regarding the safety of the vehicle while driving any vehicles will proliferate automotive airbags & seatbelts market. These laws enacted for compulsory use of these seats during driving are prominent initiatives by governments for the safety of passengers. U.S. Department of transportation regulated seat belt laws that allow law enforcement officers to stop vehicles if a driver or passenger is not wearing a seat belt.
Europe vehicle safety law is for reducing severe and fatal casualties, provide a standardized test method for car-to-car compatibility, truck to car compatibility, and improved methods for the front; side and rear impact protection for a car occupant.
Increase in traffic, resulting in an upsurge in car accidents, which in turn increases consumers’ concern about their vehicle safety, is expected to propel the growth of global automotive airbags & seatbelts market. According to WHO, approximately 1.35 million people die each year as a result of road traffic crashes, and road traffic crashes cost most countries 3% of their gross domestic product.
Based on airbag type, the global automotive airbags & seatbelts market classified into Frontal Airbags, Knee Airbags and Side & Curtain Airbags. The side & curtain will witness significant growth in the forecast period. It is owing to side & curtain airbags protect the occupants in case of a rollover crash. It helps in head & neck protection to passengers in side collision crashes.
Knee Airbags is anticipated to witness substantial growth in the estimated period due to its help to protect the legs of front passengers and act as a replacement to the bolster seat, usually behind the driver.
Based on seatbelt type, the global automotive airbags & seatbelts market bifurcates into 2-point Seatbelt and 3-point Seatbelt. The 3-point seatbelt held a lucrative share in 2019 and projected to dominate the global automotive airbags & seatbelts market by 2027. It is due to improved safety and superior comfort, along with their effectiveness over 2-point seatbelts in terms of safety.
The 2-point seatbelt is estimated to hold the largest share of the automotive airbags & seatbelts market segment in the forecast period. It is owing to availability in custom lengths, multiple color combinations, and variation such as chrome latches.
Based on Vehicle Type, the global automotive airbags & seatbelts market segregated into passenger cars, light commercial vehicles, buses, and trucks. The passenger car segment estimated to lead the market by 2027. It is due to the rise in the number of passenger cars in the emerging economies, along with improved lifestyles, the increased purchasing power of consumers, and the development of infrastructure.
The light commercial vehicle segment will grow with a significant rate during the forecast period owing to the surge in the number of mandates related to the implementation and usage of seatbelts in the commercial.
Based on the electric vehicle, the global automotive airbags & seatbelts market categorized into battery electric vehicles, fuel cell electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. The hybrid electric vehicle segment held for a significant market share in 2019 and will witness to gain maximum market revenue by 2027. It is attributable to the stringent emission norms, environment safety, vehicle electrification, and government regulations.
Based on the component, the global automotive airbags & seatbelts market segmented into an airbag inflator, airbag control unit, and airbag. The airbag held higher market potential in 2019. It is attributed to the objective of the airbag is to absorb the impact coupled with the increasing safety regulations regarding passive safety systems and advancements in airbag materials.
The airbag control unit exhibits a lucrative market share in 2019 and expected to generate significant revenue during 2020-2027 due to its help in detecting and evaluating the severity of an accident and then triggers the appropriate restraint systems.
Based on the distribution channel, the global automotive airbags & seatbelts market bifurcates into OEM and Aftermarket. The OEM segment led the automotive airbags & seatbelts market in 2019 due to the surge in production of vehicles along with mandatory requirements by numerous countries to incorporate products in new vehicles.
The aftermarket segment will grow at a significant rate during the forecast period owing to the development of low-cost seat belt technologies.
Based on geography, the global automotive airbags & seatbelts market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific captured the largest market share in global automotive airbags & seatbelts 2019 and projected to dominate the market by 2027. It is owing to the tremendous potential market for vehicle production along with the rising concerns over safety and increasing incorporation of safety systems in the region.
North America occupied a prominent share of the automotive airbags & seatbelts market in 2019. It is due to the strict regulations regarding road safety in the U.S. and Canada and the rising vehicle safety concern along with technological advancement in airbags designs in the region.
Companies such as Autoliv, Joyson Safety Systems, ZF Friedrichshafen, Toyota Gosei, Hyundai Mobis, Denso, Continental, Robert Bosch, Toshiba Device Corporation, Infineon Technologies, GWR safety systems, Safety components, Sumitomo electric, Rhodius GmbH, Klippan, Ashimori industry, Delphi Automotive, HMT and Tokai rika are the key players in the global automotive airbags & seatbelts market.
By Airbag Type
By Seatbelts Type
By Vehicle Type
By Electric Vehicle
By Component
By Distribution Channel
By Region
Global Automotive Airbags and Seatbelts Market
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