The United States automotive safety airbag market was valued at US$1.633 billion in 2021 and is projected to expand at a CAGR of 4.73% over the forecast period to reach US$2.257 billion by 2028.
The growth of the market for safety airbags in the United States is supported by the booming automotive sector coupled with the presence of major automakers. In addition, the government regulations for the mandatory requirements of airbags in all cars and light commercial vehicles are also anticipated to drive the demand. Furthermore, rising investments by automobile manufacturers in terms of expanding their production capacity are fuelling the growth of the automotive sector which, in turn, is driving the demand for safety airbags in the country. In addition, as per the Insurance Institute for Highway Safety, the federal government has required auto manufacturers to install driver and passenger airbags for frontal protection in all cars since the 1999 model year. Furthermore, the rising number of road accidents is also expected to boost the adoption of airbags aftermarket in the country owing to the increasing awareness of personal safety. However, the declining production and the sales of vehicles in the country on account of the mature automotive industry may hamper the growth of the market during the forecast period.
This research study examines the United States 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 comprehensively analyzes United States’s automotive safety airbag industry. 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 United States automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of the United States automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
United States 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 United States 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$1.633 billion |
| Market Size Value in 2028 | US$2.257 billion |
| Growth Rate | CAGR of 4.73% 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 | Continental AG, Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG |
| Customization Scope | Free report customization with purchase |
Different segments covered under the United States automotive safety airbag market report are as below: