Automotive Airbags Market Growth Analysis & Forecast Report | 2020-2026

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Automotive Airbags Market Share, Trend Growth
Forecast to 2026
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Key Insights Automotive Airbags Market

• The automotive airbags market is anticipated to
  observe considerable growth owing to increasing
  emphasis and adoption of safety features to
  minimize the risk of fatality. Several countries
  over the world have begun to impose stringent
  regulations to promote passenger and vehicle
  safety. Rising vehicle sales have supported the
  demand for airbags.
• For the record, automotive airbags are
  inflatable cushions that are strategically placed
  in a vehicle to curb the effect of an impact or
  accident on travelling occupants. It uses
  multiple sensors to detect the direction of
  impact and triggers rapid inflation of bags.

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Continued

• Generally, airbags are installed at the sides,
  frontal, knee, and side curtain section of a
  vehicle. Knee side airbags segment is estimated
  to garner remarkable growth, registering 4 CAGR
  over the predicted timeframe. These airbags
  offers below waist protection to passengers in
  case of a collision.
• Automakers are integrating these airbags in their
  new vehicle model to attain higher safety rating.
  Taking January 2020 for instance, TATAs latest
  premium hatchback, the TATA Altroz received a
  strong 5-star rating from the Global NCAP after
  testing its safety features.

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Major Companies Automotive Airbags Market

• Autoliv
• Ashimori Industry
• Denso Corporation
• Continental AG
• Joyson
• Hyundai Mobis
• Toyota Gosei
• ZF Friedrichshafen AG

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Regional Automotive Airbags Market

• According to the regional outlook, Asia Pacific
  is recognized as a promising market for
  automotive airbag companies. Forecasts claim that
  the regional market could register a compound
  annual growth rate of more than 5.5 by 2026.
• This growth can be attributed to rising awareness
  among local population about the importance of
  vehicle safety and surging presence of automobile
  companies. Notably, automotive OEMs are working
  on unveiling new vehicles with better safety
  standards with an affordable prices point.
  Federal bodies in APAC are meanwhile mandating
  compliance with strict safety norms and crash
  tests to enhance passenger safety.

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