The India automotive safety airbag market was valued at US$0.553 billion in 2021 and is projected to expand at a CAGR of 12.05% over the forecast period to reach US$1.226 billion by 2028.
The growth of the market for safety airbags in India on account of the rising investments in the automobile sector leading to the inflow of Foreign Direct Investment (FDI) has further increased the growth of the auto industry, thus, emanating the market growth as well. Furthermore, new government regulations regarding the mandatory requirement of driver-side airbags, speed warning, and seatbelt warning systems are expected to be introduced which is another factor that may positively impact the market growth in the country throughout the forecast period.
This research study examines the Indian automotive safety airbag market based on various segments: product type, vehicle type, and end-user. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the Indian automotive safety airbag industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the Indian automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of the Indian automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
India automotive safety airbag market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape and details strategies of key market players and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the India automotive safety airbag market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$0.553 billion |
| Market Size Value in 2028 | US$1.226 billion |
| Growth Rate | CAGR of 12.05% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Product Type, Vehicle Type, and End-User |
| Companies Covered | Toyoda Gosei Minda India Private Limited, Autoliv India Private Limited, Rane TRW Steering Systems Limited, Hyundai Motor Group, Ashimori India Private Limited, Denso International India Pvt |
| Customization Scope | Free report customization with purchase |
Different segments covered under the India automotive safety airbag market report are as below: