Global Vehicle Side Airbag Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Component (Airbag Module, Control Unit, Others), By Type (Side Torso, Side Curtain), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), By Sales Channel (OEMs, Aftermarket), And By Geography - Forecasts From 2019 To 2024

Published:  May 2021 Report Code: KSI061613129 Pages: 127

The global vehicle side airbag market is projected to witness a CAGR of 5.49% during the forecast period, reaching a total market size of US$5.639 billion in 2024 from US$4.092 billion in 2018. The global vehicle side airbag market is expected to grow at a steady rate over the coming years growing demand for an efficient, convenient, and safe driving experience. Today, due to the increasing number of accidents, there is a requirement for safety systems and devices that would prevent the occupants from serious injury and damage if the car crashes with a stationary or moving object.

Safety Airbags or airbags are occupant restraint systems that use a bag that is designed such that it inflates extremely quickly during the collision and deflates after a collision. The main components are an airbag cushion, which is a flexible bag made of fabric, an inflation module, and an impact sensor. Its main function is to provide a soft hindrance or cushion to the driver and passengers in the event of a crash. Side Airbags are types of airbags that are deployed from the sides of the vehicle protecting the occupants against injury in case they come in contact with the vehicle when the vehicle is in motion and it crashes suddenly. Side airbag is generally of two types- side torso airbag and side curtain airbag.

Another feature of the side airbag is to provide an energy-absorbing surface between the persons inside the vehicle and the door, window, and body pillar so that no one these cause injury to the occupants. Modern vehicles may include many airbag configurations ranging from side torso airbags or the side curtain airbag. The key players are involved in the advancement and application of side airbags in all types of vehicles. For example, a company Scania has introduced side rollover curtain airbags in their new generation trucks. Another company ZF Friedrichshafen AG, in 2015, showcased a new far side airbag that is installed on the inner facing side of the driving seat can provide protection to both the driver and the passenger so that they don’t collide with each other.

The market can is driven by the need for increased automotive safety while driving. Although the market growth can be restrained as the replacement cost of airbags is high.

By Type

On the basis of type, the global vehicle side airbag market is segmented as a side torso and side curtain. The side curtain airbag holds a notable amount of share in the market as it provides more overall protection and comes in most of the newer models.

By Vehicle Type

By Vehicle Type, the global vehicle side airbag market can be segmented as a passenger vehicle, light commercial vehicle and heavy commercial vehicle. Passenger Cars hold a significant share in the market due to more demand and production of passenger vehicles. Commercial vehicles also hold a notable amount of share in the market which is projected to increase over the coming years

By Sales Channel

By Sales Channel, the global vehicle side airbag market can be segmented as OEMs and aftermarket. OEMs hold a significant amount of share in the market owing to the fact that most car companies sell cars with pre-installed side airbags.

By Geography

Geographically, the global vehicle side airbag market is segmented as North America, Europe, Middle East & Africa, Asia-Pacific, and South America. The Asia Pacific is expected to grow at an impressive rate owing to more production and demand in the region.

Competitive Landscape

The global vehicle side airbag market is competitive owing to the presence of well-diversified international, regional and local players. The competitive landscape details strategies, products, and investments being done by key players in different technologies and companies to boost their market presence.

Global Vehicle Side Airbag Market Scope:

Report Metric Details
 Market size value in 2018  US$4.092 billion
 Market size value in 2024  US$5.639 billion
 Growth Rate  CAGR of 5.49% from 2018 to 2024
 Base year  2018
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Component, Type, Vehicle Type, Sales Channel, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Autoliv Inc., ZF Friedrichshafen AG, Joyson Safety Systems, TOYODA GOSEI Co.,   Ltd., Kolon Industries, Inc., NIHON PLAST CO., LTD., Robert Bosch GmbH,   Continental AG,   Denso Corporation, HYUNDAI MOBIS
 Customization scope  Free report customization with purchase

 

Segmentation

The global vehicle side airbag market has been segmented by component, type, vehicle type, sales channel, and geography.

By Component

  • Airbag Module

  • Control Unit

  • Others

By Type

  • Side Torso

  • Side Curtain

By Vehicle Type

  • Passenger Vehicle

  • Light Commercial Vehicle

  • Heavy Commercial Vehicle

By Sales Channel

  • OEMs

  • Aftermarket

By Geography

  • North America

    • USA

    • Canada

    • Mexico

  • South America

    • Brazil

    • Argentina

    • Others

  • Europe

    • Germany

    • France

    • United Kingdom

    • Spain

    • Others

  • Middle East and Africa

    • Saudi Arabia

    • Israel

    • UAE

    • Others

  • Asia Pacific

    • China

    • Japan

    • South Korea

    • India

    • Others


Frequently Asked Questions (FAQs)

Q1. What will be the vehicle side airbag market size by 2024?
A1. The global vehicle side airbag market is projected to reach a market size of US$5.639 billion in 2024.

Q2. What factors are anticipated to drive the vehicle side airbag market?
A2. The global vehicle side airbag market is expected to grow at a steady rate over the coming years growing demand for an efficient, convenient, and safe driving experience.

Q3. What are the growth prospects for the vehicle side airbag market?
A3. The vehicle side airbag market is projected to witness a CAGR of 5.49% during the forecast period.

Q4. What is the size of the global vehicle side airbag market?
A4. Vehicle Side Airbag market was valued at US$4.092 billion in 2018.

Q5. Which region holds the largest market share in the vehicle side airbag market?
A5. Asia Pacific is expected to grow at an impressive rate owing to more production and demand in the region.

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Global Side Airbag Market Analysis, by Component

5.1. Introduction

5.2. Airbag Module

5.3. Control Unit

5.4. Others

6. Global Side Airbag Market Analysis, by Type

6.1. Introduction

6.2. Side Torso

6.3. Side Curtain

7. Global Side Airbag Market Analysis, by Vehicle Type

7.1. Introduction

7.2. Passenger Vehicle

7.3. Light Commercial Vehicle

7.4. Heavy Commercial Vehicle

8. Global Side Airbag Market Analysis, by Sales Channel

8.1. Introduction

8.2. OEMs

8.3. Aftermarket

9. Global Side Airbag Market Analysis, by Geography

9.1. Introduction

9.2. North America

9.2.1. By Component

9.2.2. By Type

9.2.3. By Vehicle Type

9.2.4. By Sales Channel

9.2.5. By Country

9.2.5.1. USA

9.2.5.1.1. By Type

9.2.5.1.2. By Vehicle Type

9.2.5.1.3. By Sales Channel

9.2.5.2. Canada

9.2.5.2.1. By Type

9.2.5.2.2. By Vehicle Type

9.2.5.2.3. By Sales Channel

9.2.5.3. Mexico

9.2.5.3.1. By Type

9.2.5.3.2. By Vehicle Type

9.2.5.3.3. By Sales Channel

9.3. South America

9.3.1. By Component

9.3.2. By Type

9.3.3. By Vehicle Type

9.3.4. By Sales Channel

9.3.5. By Country

9.3.5.1. Brazil

9.3.5.1.1. By Type

9.3.5.1.2. By Vehicle Type

9.3.5.1.3. By Sales Channel

9.3.5.2. Argentina

9.3.5.2.1. By Type

9.3.5.2.2. By Vehicle Type

9.3.5.2.3. By Sales Channel

9.3.5.3. Others

9.4. Europe

9.4.1. By Component

9.4.2. By Type

9.4.3. By Vehicle Type

9.4.4. By Sales Channel

9.4.5. By Country

9.4.5.1. Germany

9.4.5.1.1. By Type

9.4.5.1.2. By Vehicle Type

9.4.5.1.3. By Sales Channel

9.4.5.2. France

9.4.5.2.1. By Type

9.4.5.2.2. By Vehicle Type

9.4.5.2.3. By Sales Channel

9.4.5.3. United Kingdom

9.4.5.3.1. By Type

9.4.5.3.2. By Vehicle Type

9.4.5.3.3. By Sales Channel

9.4.5.4. Spain

9.4.5.4.1. By Type

9.4.5.4.2. By Vehicle Type

9.4.5.4.3. By Sales Channel

9.4.5.5. Others

9.5. Middle East and Africa

9.5.1. By Component

9.5.2. By Type

9.5.3. By Vehicle Type

9.5.4. By Sales Channel

9.5.5. By Country

9.5.5.1. Saudi Arabia

9.5.5.1.1. By Type

9.5.5.1.2. By Vehicle Type

9.5.5.1.3. By Sales Channel

9.5.5.2. Israel

9.5.5.2.1. By Type

9.5.5.2.2. By Vehicle Type

9.5.5.2.3. By Sales Channel

9.5.5.3. UAE

9.5.5.3.1. By Type

9.5.5.3.2. By Vehicle Type

9.5.5.3.3. By Sales Channel

9.5.5.4. Others

9.6. Asia Pacific

9.6.1. By Component

9.6.2. By Type

9.6.3. By Vehicle Type

9.6.4. By Sales Channel

9.6.5. By Country

9.6.5.1. China

9.6.5.1.1. By Type

9.6.5.1.2. By Vehicle Type

9.6.5.1.3. By Sales Channel

9.6.5.2. Japan

9.6.5.2.1. By Type

9.6.5.2.2. By Vehicle Type

9.6.5.2.3. By Sales Channel

9.6.5.3. South Korea

9.6.5.3.1. By Type

9.6.5.3.2. By Vehicle Type

9.6.5.3.3. By Sales Channel

9.6.5.4. India

9.6.5.4.1. By Type

9.6.5.4.2. By Vehicle Type

9.6.5.4.3. By Sales Channel

9.6.5.5. Others

10. Competitive Environment and Analysis

10.1. Major Players and Strategy Analysis

10.2. Emerging Players and Market Lucrativeness

10.3. Mergers, Acquisitions, Agreements, and Collaborations

10.4. Vendor Competitiveness Matrix

11. Company Profiles

11.1. Autoliv Inc.

11.2. ZF Friedrichshafen AG

11.3. Joyson Safety Systems

11.4. TOYODA GOSEI Co., Ltd.

11.5. Kolon Industries, Inc.

11.6. NIHON PLAST CO., LTD.

11.7. Robert Bosch GmbH

11.8. Continental AG

11.9. Denso Corporation

11.10. HYUNDAI MOBIS

12. Appendix

Autoliv Inc.

ZF Friedrichshafen AG

Joyson Safety Systems

TOYODA GOSEI Co., Ltd.

Kolon Industries, Inc.

NIHON PLAST CO., LTD.

Robert Bosch GmbH

Continental AG

Denso Corporation

HYUNDAI MOBIS

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