Summary
Global Automotive Airbags Market to Reach $84.1 Billion by 2030
The global market for Automotive Airbags estimated at US$52.5 Billion in the year 2022, is projected to reach a revised size of US$84.1 Billion by 2030, growing at a CAGR of 6.1% over the period 2022-2030. Side-Impact Airbags, one of the segments analyzed in the report, is projected to record 6.5% CAGR and reach US$27.9 Billion by the end of the analysis period. Growth in the Front-Impact Driver Airbags segment is estimated at 5.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $13.5 Billion, While China is Forecast to Grow at 9.5% CAGR
The Automotive Airbags market in the U.S. is estimated at US$13.5 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$18.5 Billion by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR.
Select Competitors (Total 22 Featured)
- Denso Corporation
- ZF Friedrichshafen AG
- Hyundai Mobis Co., Ltd.
- Toyoda Gosei Co., Ltd.
- Nihon Plast Co., Ltd.
- Denso International India Pvt., Ltd.
- Joyson Safety Systems.
- Special Devices Inc.
- Ningbo Joyson Electronic Corp.
