Automotive Airbags Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Automotive Airbags Market is segmented by Type (Curtain Airbags, Knee Airbags, Front Airbags, and Inflatable Seat Belt), By Sales Channel (OEM and Replacement/Aftermarket), by Vehicle Type (Passenger Cars and Commercial Vehicles) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecast for the Automotive Airbags market in value (USD billion) for all the above-mentioned segmentation.

Automotive Airbags Market Size

Automotive Airbags Market Size
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 12.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Automotive Airbags Market Key players

*Disclaimer: Major Players sorted in no particular order


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Automotive Airbags Market Analysis

The Automotive Airbag market is expected to grow registering a CAGR of more than 12% in the forecast period (2022-2027).

Owing to the global pandemic, all the sectors were severely hit, disrupting the supply chain and manufacturing of major economies. This not only hampered the vehicle sales, but also the overall airbag market in 2020. However, in 2021, the increased vehicle demand is expected to fuel the automotive airbag market.

For instance, in 2019 about 82 million units of vehicles were produced around the globe, which drastically fell to nearly 78 million units in 2020. But in 2021, due to the increased demand for cars in general, the sales increased to a little over 80 million units. Considering the situation, the demand for passenger cars is expected to increase as more people are looking to invest in their own vehicles.

Additionally, with new vehicles being produced early, governments of various countries like India, United States, and many South American countries are implementing safety regulations for passenger cars and commercial vehicles, which also include maindating airbags in vehicles.

Such government incentives and the increase in the sales of passenger cars are expected to increase the demand for airbags in globally.

Automotive Airbags Market Trends

This section covers the major market trends shaping the Automotive Airbags Market according to our research experts:

Stringent Automotive Safety Norms are Expected to Drive the Market

Due to the rise in awareness of vehicle safety among all types of vehicles, the automotive airbags market is expected to witness significant growth. As per the statistics, front airbags reduce the fatality in frontal collisions by 29% and side airbags protecting the occupant's head, can reduce the risk of fatal injuries by 37% for a hatchback or a sedan, and by more than 50% for an SUV. Many governments of countries across the globe have mandated the use of certain passive safety devices to mitigate the damage of the collision, airbags are among them.

For instance, the use of Airbags has been maintained in the United States since 1998 and in New Zealand in 2001. So, as of 2014 model year cars, all the new passenger vehicles become have to comply with side airbags federal regulations. As a result, side airbags are a standard feature in the majority of passenger automobiles.

Similarly, in India, the use of dual front airbags maintained was mandated in Q4 of 2019. Since then, all the cars produced in the above-mentioned countries have at least dual front airbags as standard.

Moreover, in countries like Canada, Germany, the United Kingdom, and other European countries, their ist's a specific rule for maintaining airbags. However, the carmakers know the need of such passive safety devices, hence all the cars come equipped with them.

Owing to the awareness and governments pushing or increased vehicle safety almost all the carmaker are offering front airbags as standard. Hence with the increase in the sales of new vehicles, across the globe, the automotive airbag market is expected to grow.

For instance, in March 2022, Ford launched its compact Hatchback Focus in United Kingdom. The car features dual frond airbags, side airbags and curtain airbags as standard across all variants.

Although the number of vehicles sold in various countries witness a slight decline in sales because of the halting of manufacturing due to the global pandamic. With time, demand for new vehicles has seen an increase over the past year.

For example, in 2019 in Australia about 800,000 units of new passenger vehicles were sold, which decreased to nearly 670,000 units. But in 2021, the sales saw a derastic increase in of about 11% to a little over 750,000 units. And among the 750,000 units of new passenger vehicles sold, more than 95% of them were equipped with at least front airbags.

Additionally, as most of the countries have maindaited at least frond airbags, the front airbag segment is expected to lead the market in the forecast period.

Automotive Airbags Market Share

Asia-Pacific is Expected to Witness Significant Growth In the Forecast Period

The increased consumer preference for safety and comfort features, the increased penetration of Side and Curtain airbags in mid-level cars, and the rising demand for safety features in vehicles are primarily responsible for the growth of advanced safety in passenger cars and commercial vehicles in the Asia-Pacific region. The demand for airbags is also anticipated to increase over the forecast period as a result of government initiatives to improve passenger safety as well as falling system and component costs.

In the Aisa-Pacific region, countries like China, Japan and India are driving the automotive airbag market owing to the immense demand for cars in both the countries coupled with government regulations. China is leading the vehicles sales with more than 21 million passenger cars sold in the country, followed by Japan with 4 million units of passenger cars in 2021. Despite the pandemic, China's car sales have bounced back in 2021, which is marginally more than in 2019 figures.

Additionally, India being an emerging economy, it has significant demand for airbags due to the rising awareness among people and the government. For instance, after maindating dual front airbags in 2019, in Martch 2022, the government has made 6 airbags compulsory in cars in India. Now all the cars manufactured after 1st October 2022, will come with 6 airbags as standard. Because of this, many car makers have started incorporating 6 airbags as standard in across all variants.

  • For instance, in February 2022, Kia launched their new MPV in India that cames equipped with 6 airbags as standard across all variants.
  • In February 2022, Maruti Suzuki launched the new Baleno that comes with 2 airbags as standard and 6 airbags for the top two variants.

Hence with new vehicles launch with at least two airbgas, in aisa-pacific region, the increase in demand and sales of new passenger cars is expected to drive the automotive market in the Asia-Pacific region.

Automotive Airbags Market Growth rate

Automotive Airbags Industry Overview

Numerous companies, including Visteon Corporation, ZF Friedrichshafen AG, Autoliv Inc., Delphi Technologies, Neaton Auto Products Manufacturing Inc., and Toyoda Gosei Co. Ltd., are market leaders in the automobile curtain airbags sector. To get an advantage over rival companies, these businesses have been developing new technologies. For instance,

  • In July 2021, Toyoda Gosei Co., Ltd. has developed a driver-side airbag with a new structure that can more safely protect the occupant. Driver-side airbags, which are mounted in the middle of the steering wheel, deploy during frontal crashes to lessen the force on the driver's head and chest. The new airbag uses an inventive doughnut-shaped construction to cradle and support the head to lessen spin, protecting the occupant more securely during slanted frontal impacts.

Automotive Airbags Market Leaders

  1. ZF Friedrichshafen AG

  2. Autoliv Inc.

  3. Joyson Safety Systems

  4. Toyoda Gosei Co. Ltd.

  5. Yanfeng (Huayu Automotive Systems Co., Ltd.)

*Disclaimer: Major Players sorted in no particular order

ZF Friedrichshafen AG, Autoliv Inc, Joyson Safety Systems, Toyoda Gosei Co. Ltd, Yanfeng (Huayu Automotive Systems Co., Ltd.)

Automotive Airbags Market News

  • In August 2021, General Motors developed a front-centre airbag to stop front-seat occupants from colliding with one another in side-impact incidents. Additionally, it maintains occupant posture in rollover or side-impact incidents.
  • In March 2021, Autoliv Inc, the worldwide leader in automotive safety systems, announced its plan to build a new manufacturing plant in India. As of now this plant in Chennai, India will focus on manufacturing airbag inflators.

Automotive Airbags Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Curtain Airbags

      2. 5.1.2 Knee Airbags

      3. 5.1.3 Front Airbags

      4. 5.1.4 Inflatable Seat Belts

    2. 5.2 By Sales Channel

      1. 5.2.1 OEM

      2. 5.2.2 Replacement/Aftermarket

    3. 5.3 by Vehicle Type

      1. 5.3.1 Passenger Cars

      2. 5.3.2 Commercial Vehicles

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Rest of North America

      2. 5.4.2 Europe

        1. Germany

        2. Uinted Kingdom

        3. France

        4. Russia

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      4. 5.4.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. United Arab Emirates

        2. Saudi Arabia

        3. Rest of the Middle-East and Africa


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles*

      1. 6.2.1 Autoliv Inc.

      2. 6.2.2 ZF Friedrichshafen AG

      3. 6.2.3 Yanfeng (Huayu Automotive Systems Co., Ltd.)

      4. 6.2.4 Joyson Safety Systems

      5. 6.2.5 Toyoda Gosei Co. Ltd.

      6. 6.2.6 East Joy Long Motor

      7. 6.2.7 Takata Corporation

      8. 6.2.8 Neaton Auto Products Manufacturing Inc.

      9. 6.2.9 Sumitomo Corporation


Automotive Airbags Industry Segmentation

An airbag is a passive safety device used in most modern cars that can quickly inflate just after an accident and also deflate to mitigate the collision and reduce injuries to the vehicle's occupants.

The Automotive Airbags Market is segmented by Type (Curtain Airbags, Knee Airbags, Front Airbags, and Inflatable Seat Belts), By Sales Channel (OEM and Replacement/Aftermarket), by Vehicle Type (Passenger Cars and Commercial Vehicles) and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers market size and forecast for the Automotive Airbags market in value (USD billion) for all the above-mentioned segmentation.

By Type
Curtain Airbags
Knee Airbags
Front Airbags
Inflatable Seat Belts
By Sales Channel
by Vehicle Type
Passenger Cars
Commercial Vehicles
North America
United States
Rest of North America
Uinted Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of the Middle-East and Africa

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Automotive Airbags Market Research FAQs

The Automotive Airbags Market is projected to register a CAGR of greater than 12% during the forecast period (2023-2028).

ZF Friedrichshafen AG, Autoliv Inc., Joyson Safety Systems, Toyoda Gosei Co. Ltd. and Yanfeng (Huayu Automotive Systems Co., Ltd.) are the major companies operating in the Automotive Airbags Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia-Pacific accounts for the largest market share in the Automotive Airbags Market.

Automotive Airbags Industry Report

Statistics for the 2023 Automotive Airbags market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Airbags analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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