Airbag is an automotive safety device made up of flexible fabric cushion, designed to inflate when a vehicle collides while driving.  The first five-year of Automotive Airbag Market (2017-2021) cumulative revenue is projected to be US$ 115,383.2 Mn, and is expected to increase considerably to US$ 181,694.9 Mn, over the latter part of the five-year forecast period (2022-2026).

Global Automotive Airbag Market: Segmental Snapshot

By product type: The front airbag segment is estimated to register a CAGR of over 9%, thereby accounting for highest revenue share among the product type segments, over the forecast period.

By sales channel: The original equipment manufacturer (OEM) segment is estimated to account for highest revenue share among the sales channel segments, and is expected to register a CAGR of over 9% over the forecast period.

By vehicle type: The passenger cars segment is estimated to account for highest revenue share among the vehicle type segments, and is expected to register highest CAGR over the next 10 years.

By region: The market in Asia Pacific accounted for highest revenue share in the global automotive airbag market in 2016, and is expected to record highest CAGR between 2017 and 2026.

The research report on the global automotive airbag market includes profiles of major companies such as Autoliv Inc., Takata Corporation, DENSO CORPORATION, Robert Bosch GmbH, Daicel Corporation, TOYODA GOSEI Co., Porcher Industries SA, ZF Friedrichshafen AG, Continental AG, Key Safety Systems, Inc., and Hyundai Mobis Co Ltd.

Source of Infographics: Automotive Airbag Market By MarketResearch