India Automotive Airbag Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The India Airbag Systems market is segmented by Airbag Type (Curtain, Front, Knee, and Inflatable Seat Belt) and Vehicle Type (Passenger Cars and Commercial vehicles). The report offers market size and forecast for India Airbag Systems Market in value (USD billion) for all the above segments.

India Airbag Systems Market Size

India Airbag Systems Market Size
Study Period: 2018 - 2028
CAGR: > 7 %

Major Players


*Disclaimer: Major Players sorted in no particular order


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India Airbag Systems Market Analysis

The Indian airbag system market is valued at USD 4.06 Billion in 2021 and is expected to reach USD 6.95 Billion by 2027. The Indian airbag system market is expected to register a CAGR of over 7% during the forecasted period (2022 - 2027).

Amid the halted vehicle production activities and disrupted supply chain due to the halt in transportation activities, India's automotive airbag system market witnessed a significant slump for the year 2020. However, since 2021, as vehicle sales rebound and governing bodies focus on implementing stringent safety standards, the automotive airbag system market is anticipated to witness significant growth during the forecast period.

Over the long term, installing severe vehicle safety requirements and regulations drives the Indian airbag market. Furthermore, increasing road accidents and the growing desire for safer driving experiences will likely boost the market's growth in the coming years.

India Airbag Systems Industry Segmentation

The India airbag system market report covers the latest trends and technological development in the automotive airbag system market and the market share of major automotive airbag system manufacturers across the region.

The Indian Airbag Systems market is segmented by Airbag Type and Automobile Type.

Based on Airbag Type, the market is segmented as Curtain, Front, Knee, and Inflatable Seat belt, and By vehicle type, the market is observed as Passenger Cars and Commercial Vehicles.

Airbag Type
Inflatable Seat Belt
Vehicle Type
Passenger Cars
Commercial Vehicles

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India Airbag Systems Market Trends

This section covers the major market trends shaping the India Airbag Systems Market according to our research experts:

Implementation of stringent safety standards by regulatory bodies

Automobile manufacturers and auto-component makers choose India as one of their favored economies for setting up production plants. Several companies collaborated with the local automotive manufacturer to export the vehicles per government regulations. The Indian automotive and auto-ancillary industry is supported by several factors, including the availability of low-cost skilled labor, robust R&D centers, and low-cost steel production.

Because India is a price-sensitive market, many customers do not want airbags in passenger vehicles. As a result, the manufacturer only offered driver airbags in some early hatchback variants to save money. However, with the growing number of on-road vehicles and the increase in road accidents, the governing bodies are focusing on enhancing in-vehicle safety. Aiming at the same, since April 2019, the Government of India has mandated driver-side airbags. Similarly, the passenger-side airbags were mandated in January 2022. Also, the government has plans to mandate six airbags (two front side airbags and four curtain airbags) in vehicles manufactured from 1st October 2022 onwards. Such government regulations are likely to attract global airbag manufacturing companies into India.

The Indian automotive airbag industry's fastest-growing segment is curtain airbags. They're generally installed on the roof above the side window, side of the seat, or door panel. Curtain airbags protect the adult's head in the event of a collision. Curtain airbags have been shown to minimize the probability of a driving fatality by 45 percent. Pedestrian airbags have been increasingly popular in recent years. When a car is poised to collide with a pedestrian, these are immediately deployed.

India Airbag Systems Market Trends

Vehicle recalls associated with the airbag issues

OEMs attempt to strike a balance between price, performance, and safety. Due to regulatory bodies, OEMs have begun to offer driver airbags as a standard feature, which previously came at an additional cost. All premium vehicles are outfitted with airbags, including knee airbags, rear passenger airbags, and others.

There have been many recalls of vehicles due to faulty airbags over the years. For instance, In April 2021, Honda Cars India announced a nationwide voluntary recall for 77,954 vehicles manufactured in 2019 and 2020. In March 2021, Toyota recalled 9,498 units of the Urban Cruiser that seem to have a possible issue with the driver-side air bag module assembly.

To decrease the number of accidents happening. The Indian government has taken several initiatives with carmakers to make cars safer and more reliable. As the number of accidents increases, so does the demand for passenger car airbags across the country. However, vehicle recalls associated with airbag issues are likely to have a negative impact on the brand image of OEMs as well as the airbag manufacturers, which is likely to hamper their revenues and profit margins.

India Airbag Systems Market Share

India Airbag Systems Industry Overview

This market is moderately consolidated, with major companies merging and acquiring other companies to maintain their position in the market. Key players in the market are Hyundai Mobis, ZF Friedrichshafen, Autoliv, DENSO Corporation, Toshiba Corporation, Key Safety Systems, Continental AG.

Major players in the India Airbag Market are focusing on developing new technologies to help the industry with low-time and low-cost technologies. In recent years, there have been numerous technological breakthroughs in the India Airbag Market, which will aid the industry's growth while increasing competition.

India Airbag Systems Market Leaders

  1. ZF Friendrichshafen AG

  2. Hyundai Mobis Co Ltd

  3. Autoliv Inc

  4. Denso Corporation

  5. Continental AG

*Disclaimer: Major Players sorted in no particular order

ZF Friendrichshafen AG, Hyundai Mobis Co Ltd, Autoliv Inc, Denso Corporation, Continental AG

India Airbag Systems Market News

  • In December 2021, ZF Friedrichshafen AG (ZF) announced a joint venture (JV) with Rane TRW Steering Systems from the Rane Group. The joint venture will produce safety products, airbags, and seat belt systems for the domestic market and exports.
  • In December 2021, the company stated that one million airbag control units (ACUs) were produced by Continental AG's (Continental) Bengaluru, India factory in a single calendar year. In the upcoming several years, Continental intends to boost its ACU production capacity by at least 30%.
  • In March 2021, Autoliv announced to set up an airbag inflator manufacturing plant in Chennai, India. Autoliv believes that the new plant will further encourage sustainable market growth in India from global and local OEMs.
  • In January 2021, Japan-based Daicel Corporation announced its plan to set up an airbag inflator manufacturing plant in India. The company will invest around Rs 230 crore during phase-I. The company will further strengthen its presence in the Indian market through stable production and supply of products, contributing to the development of the Indian economy through both inflator production and parts procurement in the country.

India Airbag Systems 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 Porters Five Force 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 Airbag Type

      1. 5.1.1 Curtain

      2. 5.1.2 Front

      3. 5.1.3 Knee

      4. 5.1.4 Inflatable Seat Belt

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicles


    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Autoliv Inc

      2. 6.2.2 Continental AG

      3. 6.2.3 Delphi Automotive PLC

      4. 6.2.4 Denso Corporation

      5. 6.2.5 Hyundai Mobis Co Ltd

      6. 6.2.6 Toshiba Corporation

      7. 6.2.7 GWR safety systems

      8. 6.2.8 ZF Friendrichshafen AG

      9. 6.2.9 Robert Bosch GmbH

      10. 6.2.10 Key Safety Systems

    3. *List Not Exhaustive

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India Airbag Systems Market Research FAQs

The India Airbag Systems Market is studied from 2018 - 2028.

The India Airbag Systems Market is growing at a CAGR of >7% over the next 5 years.

The India Airbag Systems Market is valued at 4 Billion USD in 2018.

The India Airbag Systems Market is valued at 6 Billion USD in 2028.

ZF Friendrichshafen AG, Hyundai Mobis Co Ltd, Autoliv Inc, Denso Corporation, Continental AG are the major companies operating in India Airbag Systems Market.

India Airbag Systems Industry Report

Statistics for the 2023 India Airbag Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Airbag Systems 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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