Automotive Airbag Market Valued at USD 14.08 Billion in 2023, Projected to Reach USD 27.63 Billion by 2030 with a CAGR of 10.11%
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Automotive Airbag Market Set for Significant Growth, Valued at USD 14.08 Billion in 2023 and Expected to Reach USD 27.63 Billion by 2030
Summary
The global Automotive Airbag market, valued at USD 14.08 billion in 2023, is projected to grow at a compound annual growth rate (CAGR) of 10.11% and reach nearly USD 27.63 billion by 2030. This press release outlines the current market dynamics, segmentation, and key players shaping the industry's future.
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A) Market Size
The Automotive Airbag Market was valued at approximately USD 14.08 billion in 2023. With a robust growth forecast, it is expected to nearly double by 2030, achieving a total revenue of about USD 27.63 billion.
B) Scope and Research Methodology
This report provides a comprehensive examination of the Automotive Airbag market, focusing on its evolution, growth prospects, opportunities, and competitive landscape. It utilizes both qualitative and quantitative research methodologies to present an in-depth analysis of market trends from 2024 to 2030.
C) Report Coverage
The report covers a wide array of factors, including market size, revenue projections, and competitive analysis. It provides insights into various segments, their contributions to overall market growth, and the competitive environment.
D) Overview
The Automotive Airbag industry has experienced significant advancements in technology and safety standards, driving the demand for innovative airbag systems. The report delves into the ongoing developments that are transforming the automotive safety landscape.
E) Dynamics
Key dynamics influencing the market include rising safety regulations, increasing consumer awareness regarding vehicle safety, and technological advancements in airbag systems. Additionally, the shift towards electric and autonomous vehicles is expected to create new opportunities for airbag manufacturers.
F) Segmentation
The Automotive Airbag market can be segmented as follows:
- By Type:
- Front Airbags
- Side Airbags
- Knee Airbags
- Curtain Airbags
- By Vehicle Type:
- Passenger Cars (PC)
- Light Commercial Vehicles (LCV)
- Buses
- Trucks
- By Module:
- Inflator or Gas Generator
- Air Bag
G) Key Players Include
- ABC Group
- AB Tube Processing, Inc.
- ACS Industries, Inc.
- Advanced Elastomer Systems
- Am-Safe Commercial Products
- Amphenol Corporation
- Analog Devices, Inc.
- ARC Automotive, Inc.
- Ashimori Industry Co., Ltd.
- Calsonic Kansei
- China National Bluster (Group) Corporation
- Chukoh Chemical Industries, Ltd.
- Daicel Chemical Industries Ltd.
- East Joy Long Airbag Motor Co. Ltd.
- Gaotian (Shanghai) Automobile Safety Device Co., Ltd.
- Global Tek (Wuxi) Co. Ltd.
- Fujitsu TEN Ltd.
- Furukawa Electric
- Hanwha Group
- Hyosung Corporation
- Hyundai Mobis
H) Key Offerings
The report includes detailed profiles of the leading companies in the Automotive Airbag market, showcasing their products, innovations, and strategies. This analysis aims to provide insights into how these companies are positioning themselves to capitalize on market growth.
I) Table of Contents
- Introduction
- Market Overview
- Market Dynamics
- Segmentation
- Competitive Landscape
- Regional Analysis
- Key Players
- Conclusion
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Maximize Market Research is a premier global consulting and market intelligence firm dedicated to delivering comprehensive insights across a variety of sectors. Our expertise encompasses IT, telecommunications, healthcare, chemicals, and more. We partner with businesses to drive growth and improve performance through tailored strategies and in-depth market analysis.
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