SNS Insider Black Friday Offer
Automotive Airbag Fabric Market

Automotive Airbag Fabric Market Size, Share and Segmentation by Airbag Type (Front Airbag, Knee Airbag, Side Airbag, Curtain Airbag, Other Airbags), by Component (Airbag Inflator, Airbag Control Unit, Airbag), by Vehicle Type (Passenger Vehicles, Commercial vehicles), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1601 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Automotive Airbag Fabric Market Size was valued at USD 29.96 billion in 2021 and is expected to reach USD 48.10 billion by 2028 and grow at a CAGR of 7% over the forecast period 2022-2028.

In the case of an accident or a collision with another vehicle, airbags are deployed to protect passengers on board. The fabric used in airbags is flexible, with high tensile strength and heat resistance, as well as low air permeability and increased energy absorption. Airbags are vital in protecting drivers and passengers in any vehicle after an accident or a sudden impact. Most autos' principal safety features include airbags as standard equipment. Airbags expand in the event of a sudden accident, reducing the risk of direct injury to the occupants. Airbags are made of advanced materials that can sustain rapid gas expansion without exploding during the procedure. Airbags are made from a variety of gas-tight materials.

Automotive Airbag Fabric Market Revenue Graph

Aramid cloth is also utilized in airbags; however, because aramid is so expensive, it is primarily employed in specialist applications. High tensile strength and low gas permeability are two significant features of the fabric used in airbags. It also needs to be elastic, lightweight, or have a low specific density, and fatigue-resistant. Automotive Airbag Fabric Market Share and Automotive Airbag Fabric Market Growth are mostly driven by automobile sales, which is why the airbag fabric market is so reliant on vehicle manufacturing.

Autoliv completed the first unique crash test with a concept airbag for e-scooters in January 2020. The e-scooter airbag lowers head and chest injuries in e-scooter riders. In addition, the business has created a novel front-center airbag designed to save lives in side-impact collisions.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • Due to a rise in passenger safety concerns, the market is rising.

  • An increase in the number of installed airbags.

  • Growth in the number of people who want to buy electric cars.

  • Stricter safety requirements to protect the safety of passengers and drivers are fueling the market's growth.

RESTRAINTS: 

  • Market expansion is impeded by cost difficulties in price-sensitive regions.

  • OEMs only provide one or two airbags, as more airbags increase the vehicle's overall cost.

OPPORTUNITIES: 

  • Market investments are made possible by rising living standards and per capita income.

  • The improvement in living standards.

  • Increases in per capita income provide opportunities for market investments.

  • The growing popularity of electric vehicles is likely to boost the market for automotive airbags.

CHALLENGES: 

  • Manufacturers' incapacity to produce raw materials in-house and their reliance on external suppliers.

  • Supply chain issues have hampered the automobile airbag fabric market.

IMPACT OF COVID-19:

The COVID-19 pandemic, which resulted in a decrease in airbag fabric output, has had a substantial impact on the overall size, share, and growth of the Automotive Airbag Fabric Market. In terms of material components, this influence has produced a global supply chain disruption. Furthermore, as a result of the COVID-19 outbreak, key players in the Automotive Airbag Fabric Market are expected to reduce their investments in vehicle airbag research and development. However, due to a slow recovery in airbag fabric and airbag production following the pandemic, the automotive airbag fabric market is expected to grow during the Automotive Airbag Fabric Market Analysis.

KEY MARKET PLAYERS:

Robert Bosch GMBH, Takata Corporation, Delphi Automotive PLC, Toyoda Gosei Co., Ltd., Trw Automotive, Asahi Kasei Co., Ltd, Global Safety Textiles (Hyosung), Toray Industries, Inc., HMT (Xiamen) New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Kolon Industries, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., and Toyota Boshoku Corporation are some of the affluent competitors with significant market share in the Automotive Airbag Fabric Market.

MARKET ESTIMATION: 

Market, By Airbag Type:

Based on the Airbag type segment, the global market has been divided into Front airbags, Knee airbags, Side airbags, Curtain airbags, and Other Airbags. The market for side airbags was the most valuable. This is due to the additional safety and security measures provided by side airbags, which are designed to protect the three most vulnerable parts of an occupant's body. Over the projected period, the knee airbag segment is expected to increase at the fastest rate.

Market, By Component:

The global market has been divided into Airbag inflators, Airbag Control units, and airbags based on the component segment. One of the most critical components of an airbag system is the inflator. It is essentially made up of a member chamber that holds chemical propellants, stored gas, or both, which are detonated to inflate the airbag in the event of a car accident. Different airbag types use different airbag inflator technology in the automobile industry.

Market, By Vehicle Type:

Based on the vehicle type segment, the global market has been divided into passenger vehicles and commercial vehicles. The largest end-use category of the automotive airbag and seat belt market is passenger vehicles. Passenger vehicles are usually in great demand in this market. Due to the implementation of strict rules by governments around the world, the commercial vehicle industry is also predicted to increase significantly.

MARKET SEGMENTATION:

By Airbag Type:

  • Front Airbag

  • Knee Airbag

  • Side Airbag

  • Curtain Airbag

  • Other Airbags

By Component:

  • Airbag Inflator

  • Airbag Control Unit

  • Airbag

By Vehicle Type:

  • Passenger vehicles

  • Commercial vehicles

Automotive Airbag Fabric Market Segment Chart

REGIONAL ANALYSIS:

Airbag fabrics have seen the most growth in the Asia-Pacific area, with China, Japan, South Korea, and India leading the way. China and India are the Asia-Pacific market's growth engines, thanks to a steady increase in car demand and the implementation of stringent safety regulations. North America and Europe are also key markets for airbag materials, with strong demand projected over the next five years. The United States and Mexico are the most important markets in North America, while Germany, France, the United Kingdom, and Russia are the most important markets in Europe. In Europe, airbags are installed at a faster rate than in North America and Asia-Pacific.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Automotive Airbag Fabric Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 29.96 Billion
Market Size by 2028 US$ 48.10  Billion
CAGR CAGR of 7% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Airbag Type (Front Airbag, Knee Airbag, Side Airbag, Curtain Airbag, Other Airbags)
• by Component (Airbag Inflator, Airbag Control Unit, Airbag)
• by Vehicle Type (Passenger Vehicles, Commercial vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Robert Bosch GMBH, Takata Corporation, Delphi Automotive PLC, Toyoda Gosei Co., Ltd., Trw Automotive, Asahi Kasei Co., Ltd, Global Safety Textiles (Hyosung), Toray Industries, Inc., HMT (Xiamen) New Technical Materials Co., Ltd., Asahi Kasei Co., Ltd., Autoliv AB, Kolon Industries, Takata Corporation, Teijin Limited, Toray Industries, Toyobo Co., Ltd., and Toyota Boshoku Corporation
Key Drivers •Due to a rise in passenger safety concerns, the market is rising.

•An increase in the number of installed airbags.
RESTRAINTS •Market expansion is impeded by cost difficulties in price-sensitive regions.

•OEMs only provide one or two airbags, as more airbags increase the vehicle's overall cost.


Frequently Asked Questions (FAQ) :


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Automotive Airbag Fabric Market Segmentation, by Airbag Type

8.1 Front Airbag

8.2 Knee Airbag

8.3 Side Airbag

8.4 Curtain Airbag

8.5 Other Airbags

 

9. Global Automotive Airbag Fabric Market Segmentation, by Component

9.1 Airbag Inflator

9.2 Airbag Control Unit

9.3 Airbag

 

10. Global Automotive Airbag Fabric Market Segmentation, by Vehicle Type

10.1 Passenger vehicles

10.2 Commercial vehicles

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Robert Bosch GMBH,

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Takata Corporation

12.3 Delphi Automotive PLC

12.4 Toyoda Gosei Co., Ltd.

12.5 Trw Automotive

12.6 Asahi Kasei Co., Ltd

12.7 Global Safety Textiles (Hyosung)

12.8 Toray Industries, Inc.

12.9 HMT (Xiamen)

12.10 New Technical Materials Co., Ltd.

12.11 Asahi Kasei Co., Ltd.

12.12 Autoliv AB

12.13 Kolon Industries

12.14 Takata Corporation

12.15 Teijin Limited

12.16 Toray Industries

12.17 Toyobo Co., Ltd.

12.18 Toyota Boshoku Corporation

 

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share analysis

13.3 Recent Developments

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.