Market Size of United States Automotive Airbag Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
US Airbag Systems Market Analysis
The United States Automotive Airbag Systems Market is anticipated to register a CAGR of over 5% during the forecast period 2020 - 2025.
Owning to rising accidents, the enactment of stringent safety regulations, and the increasing safety concerns among the consumers is expected to drive the airbag systems market. To meet the increasing standards for safety features in the vehicles, major airbags system manufacturers in the market are investing in the research and development activities.
Companies such as Continental AG, Robert Bosch GmbH, ZF Group, Joyson Safety Systems, Hyundai Mobis amongst others are some of the major players in the market studied.
However, in recent years many airbag system manufacturers are facing challenges due to injuries caused by faulty airbags which is forcing them to recall vehicles to replace faulty airbag systems. For instance, in 2019, Ford recalled more than 782,384 Ford, Lincoln, and Mercury vehicles to have their passenger-side front airbag inflators replaced.
US Airbag Systems Industry Segmentation
The United States Automotive Airbag Systems Market covers all the latest R&D initiatives, investment done by the major airbag systems manufacturers. The US Airbag Systems Market is segmented by Component Type (Air bag Module, Crash Sensors, Monitoring Unit, Others), Coating Type (Neoprene Coated, Non-coated, Silicone coated, others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Vehicles, Others).
| Component Type | |
| Air Bag Module | |
| Crash Sensors | |
| Monitoring Unit | |
| Others |
| Coating Type | |
| Neoprene Coated | |
| Non-Coated | |
| Silicon-coated | |
| Others |
| Vehicle Type | |
| Passengers Cars | |
| Commercial Vehicles |
United States Automotive Airbag Systems Market Size Summary
The United States airbag systems market is poised for significant growth, driven by increasing safety concerns, stringent regulations, and the rising incidence of road accidents. Major manufacturers are heavily investing in research and development to meet the evolving safety standards, with companies like Continental AG, Robert Bosch GmbH, and ZF Group leading the charge. The market is characterized by a shift towards silicone-coated airbags, which offer advantages such as lighter weight, reduced stiffness, and enhanced performance. These airbags are becoming increasingly popular due to their thermal resistance and ability to protect passengers from heat during deployment. The expanding electric and hybrid vehicle market further propels the demand for advanced airbag systems, as manufacturers strive to enhance vehicle safety features.
The US airbag systems market is highly fragmented, with numerous international and local players contributing to its competitive landscape. Innovations in airbag technology are a key focus, with companies like Toyoda Gosei Co., Ltd and Honda Motor Corp collaborating to develop advanced airbag systems that improve crash safety and occupant protection. The market is also witnessing strategic acquisitions, such as Ningbo Joyson Electronic Corporation's acquisition of Takata Corporation's global assets, which has strengthened Joyson Safety Systems' position in the industry. As electric vehicle sales continue to rise, supported by government incentives and technological advancements, the demand for sophisticated airbag systems is expected to grow, driving further innovation and development in the market.
United States Automotive Airbag Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Component Type
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2.1.1 Air Bag Module
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2.1.2 Crash Sensors
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2.1.3 Monitoring Unit
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2.1.4 Others
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2.2 Coating Type
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2.2.1 Neoprene Coated
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2.2.2 Non-Coated
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2.2.3 Silicon-coated
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2.2.4 Others
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2.3 Vehicle Type
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2.3.1 Passengers Cars
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2.3.2 Commercial Vehicles
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United States Automotive Airbag Systems Market Size FAQs
What is the current United States Automotive Airbag Systems Market size?
The United States Automotive Airbag Systems Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in United States Automotive Airbag Systems Market?
Joyson Safety Systems, Robert Bosch Systems, Continental AG, ZF Friedrichshafen AG and Autolive Inc. are the major companies operating in the United States Automotive Airbag Systems Market.
