According to the research report titled ‘Automotive Airbags Market Size By Position (Frontal, Side, Side Curtain, Knee), By Fabric (Coated, Non-coated), By Vehicle (Passenger Vehicles, Commercial Vehicles), By Distribution Channel (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with MarketStudyReport, automotive airbags market is anticipated to witness lucrative growth trends through 2026.

Report findings suggest that growing consumer preferences for safer automobiles and the adoption of high-end and luxury vehicles are augmenting the automotive airbags market size.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/2057042/  

For the unversed, the airbag system is one of the most important safety features in any vehicle. Airbag deployment can ensure that the passengers in the automobile survive a collision. They are often made of stretchy textiles or other materials that are firmly packed in multiple locations around the vehicle. During a collision, the airbags quickly inflate with air, providing a cushioning mechanism for the occupants and protecting them from injury.

Ability of airbags to save lives in scenarios including as distracted driver collisions, side crashes, animal collisions, and drunk driving collisions, is persuading customers of its life-saving potential, thereby fuelling industry expansion.

Based on fabric, the market is split into non-coated and coated. In terms of vehicle, the industry is bifurcated into commercial vehicles and passenger vehicles. On the basis of distribution channel, global automotive airbags marketplace is divided into aftermarket and OEM.

By position, the industry is classified into side, frontal, side curtain, and knee. Among these, the side curtain segment is slated to record 3.5% CAGR over the analysis timeframe, owing to widespread product adoption to increase vehicle security.

Regionally, Latin America market is poised to witness a CAGR of 4% over the forecast duration, owing to shifting consumer preference for safer automobiles in the region. Whereas Middle East & Africa industry is expected to grow significantly through 2026, due to increasing trend of high-end and luxury vehicles in the region.

The key players in worldwide automotive airbags marketplace are ZF Friedrichshafen AG, Mitsubishi Electric Corporation, Joyson Safety Systems, Key Safety Systems Inc., Delphi Automotive Systems Corporation, Toyoda Gosei Co. Ltd, DENSO Corporation, Robert Bosch GmbH, Autoliv Inc., Hyundai Mobis, and Continental AG.