Thailand Automotive Safety Airbag Market Size, Share, Opportunities, And Trends By Product Type (Front Airbag, Side Airbag, Others), By Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), And By End-User (OEMs, Aftermarket) - Forecasts From 2023 To 2028

The Thailand automotive safety airbag market was valued at US$0.212 billion in 2021 and is projected to expand at a CAGR of 10.41% over the forecast period to reach US$0.424 billion by 2028. 

The growth of the market for safety airbags in Thailand is supported by dynamic competition between the foreign OEMs in addition to having an immense network of supporting industries. The country is continuing to expand its manufacturing base and the auto part suppliers are growing on increasing their presence here. Thailand provides a lucrative investment potential as the leading automotive production base in the ASEAN region, which is considered a fast-developing region for automotive manufacturing, which is expected to positively impact market growth. Furthermore, as per the reports of the WHO Thailand has the sixth-highest road traffic fatalities among other countries of the world, which is also expected to drive the market growth on account of the introduction of new safety regulations for addressing these fatalities during the coming years.

This research study examines the Thailand 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 Thailand’s 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 Thailand automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of Thailand’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Thailand 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 Thailand automotive safety airbag market report are as below:

• Thailand automotive safety airbag market data tables and charts
• Market outlook with sections on drivers, restraints, Porter’s, and industry value chain analysis
• Market assessment by product type into front airbags, side airbags, and others.
• Detailed market trends, analysis, and graphical representation of the vehicle type in passenger vehicles, light commercial vehicles, and heavy commercial vehicles.
• In-depth analysis of the motion control market by end-user into OEMs and aftermarkets.

Thailand Automotive Safety Airbag Market Scope:

Different segments covered under the Thailand automotive safety airbag market report are as below:

• By Product Type
  • Front Airbag
  • Side Airbag
  • Others
• By Vehicle Type
  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
• By End-User
  • OEMs
  • Aftermarket