Precision Business Insights has published a report on the global airbags market, estimating its value at USD 26,495.7 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 6.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/airbags-market

Market Definition:

Airbags are safety devices that quickly inflate and create a cushion between passengers and the vehicle's interior (such as the dashboard, side panels, or steering wheel) to protect occupants during collisions.

Drivers:

1) Increasing vehicle safety regulations.
2) Growth in automotive production and sales

The global airbags market segmentation:

1) By Type: Curtain Airbag, Frontal Airbag, Knee Airbag, Side Airbag, Others.
2) By Module: Air Bag, Crash Sensors, Inflator or Gas Generator.
3) By Vehicle Type: Commercial Vehicle, Passenger Vehicle.
4) By Sales Channel: Aftermarkets, Original Equipment Manufacturers.

Regional Overview:
The report also examines the current concerns and their Future Effects on the airbags market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the airbags market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Autoliv Inc, ZF Friedrichshafen AG, Joyson Safety Systems, Toyoda Gosei Co Ltd, Nihon Plast Co Ltd, Hyundai Mobis Co Ltd, Denso Corporation, Continental AG, Robert Bosch GmbH, Delphi Technologies, Takata Corporation (now part of Joyson Safety Systems), Key Safety Systems, TRW Automotive Holdings (part of ZF), Ashimori Industry Co Ltd, Tokai Rika Co Ltd, Toray Industries Inc, NXP Semiconductors, Aptiv PLC, Daicel Corporation, BYD Company Ltd, Trelleborg AB, Ningbo Joyson Electronic Corp, Sumitomo Electric Industries Ltd, Hyundai Motor Company (Safety Division), Lear Corporation, Faurecia SE, Magna International Inc, Valeo SA, Toyota Boshoku Corporation, Maruti Suzuki India Ltd (Safety Components Division), Tata Autocomp Systems, Minda Corporation Ltd, Pricol Limited, Bosch India, Continental Automotive India, Wabco Holdings Inc, IEE S.A., Garmin Ltd (Automotive Safety Systems), Hella GmbH & Co. KGaA, Gentex Corporation, Stanley Electric Co Ltd, Panasonic Automotive Systems, Harman International, Renesas Electronics Corporation, Texas Instruments Inc (Safety Sensors), Veoneer Inc, Nippon Kayaku Co Ltd, TATA Motors Safety Systems, Yanfeng Automotive Interiors, Ningbo Tuopu Group, and Ningbo Huaxiang Electronic Co Ltd.

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