Asia-Pacific Automotive Airbag Market Outlook, 2029
The Asia-Pacific Automotive Airbag Market is segmented into By Type (Frontal Airbag, Side Airbag, Knee Airbag, Others (Rear Airbags, Centre Console Airbags, Inflatable Seat Belts)), By Materials (Nylon 6.6, Polyester Fiber, Other (Aramid (Nomex))), By Vehicle Type (Passenger Vehicle, Commercial Vehicle) and By Distribution Channel (OEM, Aftermarket).
- Bonafide Research
- 29-02-2024
- Pages : 96
- Figures : 14
- Tables : 38
- Region : Asia-Pacific
- Category : Automotive & Transport
- Automotive Parts
The Asia Pacific Automotive Airbag Market was valued at more than USD 8 Billion in 2023 by rising automobile sales and urbanization
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2023) USD 8 Billion
- Largest MarketChina
- Fastest Market India
- Format
Featured Companies
- 1. Toray Industries, Inc
- 2. Wacker Chemie AG
- 3. HYUNDAI MOBIS
- 4. ZF Friedrichshafen AG
- 5. Autoliv Inc.
- 6. Daicel Corporation
- More...
Automotive Airbag Market Analysis
Vehicle manufacturing has increased dramatically in the Asia-Pacific area, which has greatly aided in the expansion of the automotive airbag industry. Due to their developing automobile sectors, nations like China and India are becoming significant contributors to the need for airbag systems. Growing awareness regarding road safety and a rising concern for passenger protection have led to a heightened demand for advanced safety features, including airbags. Consumers in the Asia-Pacific region are increasingly prioritising vehicles equipped with robust safety technologies. Governments in nations like China, South Korea, and Japan have strict safety laws in place that require cars to have airbags. The Asia-Pacific region's broad adoption of automotive airbags has been accelerated by adherence to these laws. Stringent safety regulations imposed by governments in countries like Japan, China, and South Korea mandate the inclusion of airbag systems in vehicles. Compliance with these regulations has become a catalyst for the widespread adoption of automotive airbags across Asia and the Pacific. Governments in many Asia-Pacific countries have implemented stringent safety regulations mandating the inclusion of airbag systems in vehicles. Compliance with these regulations is essential for vehicle manufacturers to ensure occupant safety and meet regulatory standards, thereby driving the demand for automotive airbags. Continuous advancements in airbag technology, such as multi-stage deployment, occupant sensing systems, and pedestrian protection features, have made airbags more effective in mitigating injuries during accidents. The availability of advanced airbag systems with improved safety performance contributes to higher demand in the market. According to the research report "Asia Pacific Automotive Airbag Market Outlook, 2029," published by Bonafide Research, the Asia Pacific Automotive Airbag Market was valued at more than USD 8 Billion in 2023. The Asia-Pacific region is a global hub for automotive manufacturing, with countries like China, Japan, South Korea, and India leading in vehicle production. The increasing production of passenger cars, commercial vehicles, and two-wheelers in the region drives the demand for airbag systems. There is a growing awareness among consumers in the Asia-Pacific region regarding the importance of vehicle safety features. Increased awareness about the risks associated with road accidents and the benefits of airbag systems has led to a higher demand for vehicles equipped with advanced safety technologies, including airbags. The Asia-Pacific region is experiencing significant growth in the electric vehicle (EV) market. Electric vehicle manufacturers are incorporating airbag systems tailored to the unique safety requirements of EVs, further driving the demand for automotive airbags in the region. Rising disposable income levels in countries like China, India, and Southeast Asian nations have led to an increase in vehicle ownership. As consumers become more affluent, they are willing to invest in safer vehicles equipped with advanced safety features, including airbags. Furthermore, rapid urbanisation in Asia-Pacific countries has led to increased traffic congestion and higher risks of road accidents. As a result, consumers are increasingly prioritising vehicles with enhanced safety features, such as airbags, to protect themselves and their passengers in the event of a collision.
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Market Drivers • Regulatory Mandates: Stringent safety regulations imposed by governments across the Asia-Pacific region mandate the inclusion of airbag systems in vehicles. Regulations set by authorities such as the Ministry of Land, Infrastructure, Transport, and Tourism (MLIT) in Japan, the China Automotive Technology and Research Centre (CATARC) in China, and similar agencies in other countries drive the adoption of automotive airbags to meet safety standards, thereby boosting market demand. • Rapid Urbanisation and Traffic Congestion: With rapid urbanisation and increasing traffic congestion in major cities across Asia-Pacific countries, the risk of road accidents has heightened. As a result, there is a growing demand for vehicles equipped with advanced safety features like airbags to mitigate the risks associated with urban driving environments, driving the growth of the automotive airbag market. Market Challenges • Cost Constraints: One of the major challenges in the Asia-Pacific region is cost constraints. While demand for airbag systems is increasing, price sensitivity among consumers and automakers can limit adoption, particularly in emerging markets where affordability is a key concern. • Technical Expertise and Infrastructure: Developing advanced airbag technologies requires significant technical expertise and infrastructure. Some countries in the Asia-Pacific region lack the necessary research and development capabilities or manufacturing infrastructure to produce sophisticated airbag systems, leading to dependency on imports or slower innovation cycles. Market Opportunity • Rising Safety Awareness: With rising awareness of road safety and the importance of vehicle occupant protection, there is a growing demand for advanced safety technologies, including airbags, among consumers in the Asia-Pacific region. This trend presents an opportunity for manufacturers to introduce innovative airbag systems tailored to the preferences and safety requirements of regional markets. • Emerging Markets: Emerging markets in the Asia Pacific region, such as China, India, and Southeast Asian countries, represent untapped opportunities for automotive airbag manufacturers. As disposable incomes rise and vehicle ownership increases in these markets, there is a growing demand for safer vehicles equipped with essential safety features, including airbags.
Automotive Airbag Segmentation
| By Type | Frontal Airbag | |
| Side Airbag | ||
| Knee Airbag | ||
| Others (Rear Airbags, Center Console Airbags, Inflatable Seat Belts) | ||
| By Materials | Nylon 6.6 | |
| Polyester Fiber | ||
| Other (Aramid (Nomex)) | ||
| By Vehicle Type | Passenger Vehicle | |
| Commercial Vehicle | ||
| By Distribution Channel | OEM | |
| Aftermarket | ||
| Asia-Pacific | China | |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
Based on the types, they are segmented into the frontal airbag, side airbag, knee airbag, and others. In terms of material types, they are segmented into nylon 6.6, polyester fibre, and others. Side airbags significantly contribute to the market. Many countries in the Asia-Pacific region experience dense urban traffic conditions with narrow roads and congested streets. In such environments, side-impact collisions are common, especially during lane changes or intersections. Side airbags provide crucial protection to occupants in these scenarios by mitigating the impact forces and reducing the risk of injury. Regulatory bodies in various Asia-Pacific countries have mandated the inclusion of side airbags in vehicles to meet safety standards. For example, Japan's New Car Assessment Programme (JNCAP) and China's China New Car Assessment Programme (C-NCAP) have stringent requirements for side-impact protection, driving the adoption of side airbags in new vehicles. The trend towards urbanisation in many Asia-Pacific countries has led to a preference for compact cars and small vehicles suitable for city driving. These vehicles often have limited space and shorter crumple zones, making occupants more vulnerable to side-impact collisions. Furthermore, in Asia Pacific, nylon 6.6 is the leading material in the automotive airbag market. Nylon 6.6 is lightweight compared to many other materials, which is advantageous for automotive airbags as it minimises the overall weight of the airbag system. Lighter airbag systems contribute to improved vehicle fuel efficiency and performance, making Nylon 6.6 a preferred choice for automotive manufacturers aiming to meet stringent fuel economy standards. Nylon 6.6 offers a favourable combination of performance and cost-effectiveness, making it an attractive choice for automotive airbag manufacturers seeking to optimise production costs without compromising on quality or safety. Its availability in abundance and relatively low cost compared to alternative materials further contribute to its widespread adoption in the Asia-Pacific automotive airbag market. Based on the vehicle types, they are bifurcated into passenger vehicles and commercial vehicles. Furthermore, according to the report, the distribution channels are segmented into OEM and aftermarket. Passenger vehicles contribute to the highest market share. Customers in the Asia-Pacific area are giving priority to cars with cutting-edge safety features, such as airbags, due to rising road safety awareness and strict rules. The market for automotive airbags is expanding as a result of consumer demand for passenger cars with complete safety systems. Many countries in the Asia-Pacific region experience rapid urbanisation and congested road networks, leading to an increased risk of accidents. Passenger vehicles navigating through dense urban areas are susceptible to collisions, making airbags essential safety features to protect occupants from injury. Governments across the Asia-Pacific region have implemented regulations mandating the inclusion of airbag systems in passenger vehicles to improve occupant safety. Compliance with these regulations is essential for automakers to sell their vehicles on the market, further driving the demand for automotive airbags in passenger vehicles. Furthermore, the aftermarket as the distribution channel of the automotive airbag contributes to the market because, as vehicles age, their airbag systems require replacement due to wear and tear, damage from accidents, or the expiration of their service life. The Asia-Pacific region has a large population of ageing vehicles, creating a substantial aftermarket demand for replacement airbag components and systems. With growing awareness of the importance of vehicle safety, consumers in the Asia-Pacific region are increasingly proactive about maintaining and upgrading safety features in their vehicles. This includes replacing out-dated or malfunctioning airbag systems with newer, more advanced models available in the aftermarket.
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Automotive Airbag Market Regional Insights
Based on the report, the major countries covered include China, Japan, India, Australia, South Korea, and the rest of Asia Pacific. China is the largest automotive market in the world, producing a huge number of vehicles annually. The nation's automobile sector generates millions of passenger cars, trucks, and two-wheelers every year, which significantly increases demand for automotive airbag systems. The Chinese government has implemented stringent safety regulations mandating the inclusion of airbag systems in vehicles to enhance occupant safety. Compliance with these regulations is essential for automakers to sell their vehicles in the Chinese market, leading to a high adoption rate of automotive airbags. With increasing awareness of road safety and the importance of vehicle occupant protection, Chinese consumers are prioritising vehicles equipped with advanced safety features, including airbags. As disposable incomes rise and safety consciousness grows, the demand for airbag-equipped vehicles in China continues to increase. Furthermore, China is a global leader in the adoption of electric vehicles (EVs), thanks to substantial government subsidies and incentives for EV producers and consumers. The Chinese market has a high need for automotive airbags since electric vehicles with cutting-edge safety features, such as airbags, are becoming more common. China's rapid urbanisation has led to congested road networks and increased traffic accidents in major cities. Airbags play a crucial role in mitigating the impact of collisions and reducing injuries in such environments, making them essential safety features in vehicles sold in China's urban areas.
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Companies Mentioned
- Toray Industries, Inc
- Wacker Chemie AG
- HYUNDAI MOBIS
- ZF Friedrichshafen AG
- Autoliv Inc.
- Daicel Corporation
- Kolon Industries Inc.
- Joyson Safety Systems
- The Rane Group
- Ashimori Industry Co., Ltd.
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Automotive Airbag Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Types
- 5.4. Market Size and Forecast, By Materials
- 5.5. Market Size and Forecast, By Vehicle Type
- 5.6. Market Size and Forecast, By Distribution Channel
- 6. Asia-Pacific Automotive Airbag Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Types
- 6.4. Market Size and Forecast, By Materials
- 6.5. Market Size and Forecast, By Vehicle Type
- 6.6. Market Size and Forecast, By Distribution Channel
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. China Automotive Airbag Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Types
- 7.8.3. Market Size and Forecast By Materials
- 7.8.4. Market Size and Forecast By Vehicle Type
- 7.8.5. Market Size and Forecast By Distribution Channel
- 7.9. Japan Automotive Airbag Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Types
- 7.9.3. Market Size and Forecast By Materials
- 7.9.4. Market Size and Forecast By Vehicle Type
- 7.9.5. Market Size and Forecast By Distribution Channel
- 7.10. India Automotive Airbag Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Types
- 7.10.3. Market Size and Forecast By Materials
- 7.10.4. Market Size and Forecast By Vehicle Type
- 7.10.5. Market Size and Forecast By Distribution Channel
- 7.11. Australia Automotive Airbag Market Outlook
- 7.11.1. Market Size By Value
- 7.11.2. Market Size and Forecast By Types
- 7.11.3. Market Size and Forecast By Materials
- 7.11.4. Market Size and Forecast By Vehicle Type
- 7.11.5. Market Size and Forecast By Distribution Channel
- 7.12. South Korea Automotive Airbag Market Outlook
- 7.12.1. Market Size By Value
- 7.12.2. Market Size and Forecast By Types
- 7.12.3. Market Size and Forecast By Materials
- 7.12.4. Market Size and Forecast By Vehicle Type
- 7.12.5. Market Size and Forecast By Distribution Channel
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. Autoliv Inc.
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Daicel Corporation
- 8.5.3. ZF Friedrichshafen AG
- 8.5.4. Kolon Industries Inc.
- 8.5.5. Wacker Chemie AG
- 8.5.6. Joyson Safety Systems
- 8.5.7. Toray Industries, Inc.
- 8.5.8. The Rane Group
- 8.5.9. Hyundai Mobis
- 8.5.10. Ashimori Industry Co., Ltd.
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Automotive Airbag Market Size and Forecast, By Types (2018to 2029F) (In USD Billion)
Table 6: Global Automotive Airbag Market Size and Forecast, By Materials (2018to 2029F) (In USD Billion)
Table 7: Global Automotive Airbag Market Size and Forecast, By Vehicle Type (2018to 2029F) (In USD Billion)
Table 8: Global Automotive Airbag Market Size and Forecast, By Distribution Channel (2018to 2029F) (In USD Billion)
Table 9: Asia-Pacific Automotive Airbag Market Size and Forecast, By Types (2018to 2029F) (In USD Billion)
Table 10: Asia-Pacific Automotive Airbag Market Size and Forecast, By Materials (2018to 2029F) (In USD Billion)
Table 11: Asia-Pacific Automotive Airbag Market Size and Forecast, By Vehicle Type (2018to 2029F) (In USD Billion)
Table 12: Asia-Pacific Automotive Airbag Market Size and Forecast, By Distribution Channel (2018to 2029F) (In USD Billion)
Table 13: Influencing Factors for Automotive Airbag Market, 2023
Table 14: China Automotive Airbag Market Size and Forecast By Types (2018to 2029F) (In USD Billion)
Table 15: China Automotive Airbag Market Size and Forecast By Materials (2018to 2029F) (In USD Billion)
Table 16: China Automotive Airbag Market Size and Forecast By Vehicle Type (2018to 2029F) (In USD Billion)
Table 17: China Automotive Airbag Market Size and Forecast By Distribution Channel (2018to 2029F) (In USD Billion)
Table 18: Japan Automotive Airbag Market Size and Forecast By Types (2018to 2029F) (In USD Billion)
Table 19: Japan Automotive Airbag Market Size and Forecast By Materials (2018to 2029F) (In USD Billion)
Table 20: Japan Automotive Airbag Market Size and Forecast By Vehicle Type (2018to 2029F) (In USD Billion)
Table 21: Japan Automotive Airbag Market Size and Forecast By Distribution Channel (2018to 2029F) (In USD Billion)
Table 22: India Automotive Airbag Market Size and Forecast By Types (2018to 2029F) (In USD Billion)
Table 23: India Automotive Airbag Market Size and Forecast By Materials (2018to 2029F) (In USD Billion)
Table 24: India Automotive Airbag Market Size and Forecast By Vehicle Type (2018to 2029F) (In USD Billion)
Table 25: India Automotive Airbag Market Size and Forecast By Distribution Channel (2018to 2029F) (In USD Billion)
Table 26: Australia Automotive Airbag Market Size and Forecast By Types (2018to 2029F) (In USD Billion)
Table 27: Australia Automotive Airbag Market Size and Forecast By Materials (2018to 2029F) (In USD Billion)
Table 28: Australia Automotive Airbag Market Size and Forecast By Vehicle Type (2018to 2029F) (In USD Billion)
Table 29: Australia Automotive Airbag Market Size and Forecast By Distribution Channel (2018to 2029F) (In USD Billion)
Table 30: South Korea Automotive Airbag Market Size and Forecast By Types (2018to 2029F) (In USD Billion)
Table 31: South Korea Automotive Airbag Market Size and Forecast By Materials (2018to 2029F) (In USD Billion)
Table 32: South Korea Automotive Airbag Market Size and Forecast By Vehicle Type (2018to 2029F) (In USD Billion)
Table 33: South Korea Automotive Airbag Market Size and Forecast By Distribution Channel (2018to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Automotive Airbag Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Automotive Airbag Market Share By Region (2023)
Figure 6: Asia-Pacific Automotive Airbag Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Asia-Pacific Automotive Airbag Market Share By Country (2023)
Figure 8: China Automotive Airbag Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Japan Automotive Airbag Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: India Automotive Airbag Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Australia Automotive Airbag Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: South Korea Automotive Airbag Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: Competitive Dashboard of top 5 players, 2023
Figure 14: Porter's Five Forces of Global Automotive Airbag Market
Automotive Airbag Market Research FAQs
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