Automotive Airbag Market Appears To Improve In Time by
2026
Automotive Airbag Market research provides industry analysis by
type, manufacturer, application along with key factors influencing
the growth of the market which include growth drivers, restraints,
opportunities and challenges, strategically profile key players and
comprehensively
analyze
their
market
share
and
core
competencies.
Airbag is a safety device used in vehicles. Airbag is a flexible fabric bag, which is designed to
protect driver and other passengers in a car in case of a crash or an accident. When a collision is
detected, airbag inflates in few milliseconds and forms a barrier between the driver, the steering
wheel, front glass, and other parts of the vehicle. Thus, it can protect passengers from severe
injuries.
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Rising number of road accidents is major factor, boosting growth of the market
Increasing number of road accidents and rising safety concerns are major factors expected to
drive growth of the global automotive airbag marker over the forecast period. According to World
Health Organization (WHO), in January 2018, around 1.3 million road accidents occur every year
globally, of which, about 93% road traffic death occurs in emerging economies. Therefore,
governments of various countries are implementing stringent standards and regulations for
safety to reduce fatalities and limit injuries due to accidents, by mandating installation of airbags
in vehicles. For instance, from October 2017, in India, Ministry of Road Transport and Highways
has made airbags mandatory, in all new car models and for clearance of frontal and side crash