Published on : Mar 09, 2018
Albany, New York, March 9, 2018: At present, the automotive industry is ruled by new automotive electronics. Airbags are one of the most important inventions when it comes to car safety in case of an accident. According to the latest report findings, increasing concerns over improving the measures for automobile safety has propelled the need for advanced airbag electronics. Market Research Hub (MRH) has come up with a new report titled “Airbag Electronics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”, which has been broadcasted to its wide online repository. This 170-page report is an insightful forecast analysis on the expansion of the global market for airbag electronics for the assessment period, 2017-2026.
Moreover, the primary regions are analyzed for the purpose of evaluating the impact of the different factors mentioned in the research report. Regions highlighted in the study are APAC, EMEA and Americas. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and synopsis of data from multiple sources. According to this active research evaluations, the global airbag electronics market is anticipated to grow robustly during the forecast period, 2017-2026. Over the forecast period, the global airbag electronics market is poised to expand at a volume CAGR of 6.8%, registering sales of over 237,500 thousand units by the end of 2026.
Major Factors Propelling Growth of Airbag Electronics
Advancements in airbag designs are influencing the development of airbag electronics. Presently, manufacturers of airbag electronics are shifting their traditional approach and catering to the electrical requirements of smart airbags. It has been clearly stated in the study that advanced airbag designs, highly-integrated crash sensors, seat occupancy detectors, and deployment control units are some of the key components of airbag electronics which will continue to experience innovations in the near future.
Geographically, Europe will register highest sales of airbag electronics by 2026 end. Increasing emphasis on automobile safety, a large pool of key manufacturers, and rising adoption of smart airbag technology are collectively expected to factor the growth of Europe’s airbag electronics market in the near future.
Further, in order to provide a comprehensive view of the airbag electronics market, the research study has been categorized into two categories: vehicle type, and sales channel. The report estimates that over the forecast period, mid-sized cars will represent largest share of global airbag electronics market volumes. By sales channel, the report has been classified into OEM and Aftermarket.
Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. At present, Hyundai Mobis, Autoliv (Sweden), TRW Automotive Holdings Corp. (US), Denso Corporation (Japan), Key Safety Systems, Inc. (US), Ashimori, Takata Corporation (Japan), Toyoda-Gosei Co., Ltd. (Japan), Ningbo Joyson Electronic, and Nihon Plast are globally observed as leaders in development of airbag electronics.
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