US Airbag Systems Market Size
| 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 |
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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 Market Trends
This section covers the major market trends shaping the US Airbag Systems Market according to our research experts:
Silicone Coated Airbags to growth at a fast pace
Silicon coated airbags have captured the largest market share in the United States due to its properties like lighter weight, reduced stiffness, along with higher performance and lower costs, which has propelled many airbag manufacturers to switch from Neoprene coating to Silicone coating. Neoprene is very thick and needed to be mixed with a solvent in order to be applied to the fabric.
Silicone makes the process of inflating the airbag more effective due to its properties like thermal resistance, slip, and protection. During deployment, airbags create heat, and passengers in the vehicle risk getting burnt. Also, the fabric of the airbag cushion must be able to withstand this heat without ripping or tearing. Silicone coating on the airbag helps to protect the fabric from heat and also prevent passengers from getting burnt. Silicone venting membranes in the airbag fabric allow the airbag to quickly deflate once it reached its peak inflation pressure. Silicone is chemically compatible with nylon fabric and provides a protective layer against moisture and remains chemically inert, unlike neoprene coating which generates hydrochloric acid during aging, which actively damages the fiber. Moreover, as the silicone coating is very stable over time, it prevents airbags from becoming stuck and ensures the smooth deployment even after many years, therefore the demand for silicone coated airbags is expected to be high in the coming future.
Electric Vehicles to Drive the growth of the Market
The expanding market for electric and hybrid vehicles is a major driver for the airbag systems market. There has been tremendous growth in the electric vehicle market in the country. The United States has the highest number of electric vehicles after China and Europe.
The sales of electric vehicles in the country are expected to increase, owing to a fall in costs of batteries and improvements in technologies, like increased storage capacity which has led to increased adoption by buyers. In order to encourage the sales of electric vehicles, over half of the states in the country are using rebates, tax exemptions, and tax credits. For instance, states like California offer rebates to light-duty zero-emission vehicles and plug-in hybrids electric vehicles. Similarly, Washington and New Jersey exempt EVs from motor vehicle sales and use taxes. Louisiana and Maryland provide tax credits of up to USD 2,500 and USD 3,000 per vehicle, respectively.
Major electric vehicle manufacturers are exploring more ways to make their vehicles even safer by investing significantly in research and development of vehicle safety systems, for instance, Tesla Inc, recently got a patent for company's new safety system named Sensors for Vehicle Occupant Classification Systems and Methods. The safety systems with the help of sensors placed on the vehicle's seat enables cars to classify their occupants. By classifying the size, weight, and body type (among others) of a passenger, the car would be able to deploy airbags in the safest way possible during an accident.
US Airbag Systems Industry Overview
The US Airbag systems market is a very fragmented market due to the presence of many international as well as local players in the region. Some of the prominent players in the market are Autolive Inc., Robert Bosch GmbH, Continental AG, Joyson Safety Systems, ZF Friedrichshafen AG, Denso Corporation, amongst others. The airbag systems market is driven by innovations, major companies are exploring new ways to increase customer safety and are launching new products to increase their portfolio. For instance, in July 2017, Toyoda Gosei Co., Ltd had jointly developed a new side airbag together with Toyota Motor Corporation. The new airbag contributes to vehicle crash safety assessment conformity in each region of the world and can be shared by various vehicle models. The new airbag system is scheduled for future use on about 2.5 million vehicles annually. According to the company, the conventional side airbags were structured of two separate airbags, but the new airbags have a three-bag structure for instantaneous deployment in high-speed crashes and efficient impact absorption. The internal pressure of each of three bags is optimized for each vehicle model so that these airbags can be used on a variety of models from large to small vehicles.
In April 2018, Ningbo Joyson Electronic Corporation acquired all of the global assets of Japan-based Takata Corporation, and the combined company was rebranded as Joyson Safety Systems.
In August 2019, Honda Motor Corp with Autolive Inc., demonstrated a new airbag system. According to the company the new airbag system consists of center chamber, two outward-projecting side chambers that create a wide base across the dashboard and a sail panel that stretches between the two side chambers at their outermost edge. According to Honda the airbag system decelerates the occupant's head while also engaging the side chambers, pulling them inward to cradle and protect the head.
US Airbag Systems Market Leaders
Joyson Safety Systems
Robert Bosch Systems
Continental AG
ZF Friedrichshafen AG
Autolive Inc.
*Disclaimer: Major Players sorted in no particular order
US Airbag Systems Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Industry Attractiveness - Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Component Type
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5.1.1 Air Bag Module
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5.1.2 Crash Sensors
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5.1.3 Monitoring Unit
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5.1.4 Others
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5.2 Coating Type
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5.2.1 Neoprene Coated
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5.2.2 Non-Coated
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5.2.3 Silicon-coated
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5.2.4 Others
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5.3 Vehicle Type
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5.3.1 Passengers Cars
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5.3.2 Commercial Vehicles
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6. COMPETITIVE LANDSCAPE
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6.1 Vendor Market Share
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6.2 Company Profiles
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6.2.1 Autolive Inc.
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6.2.2 Robert Bosch GmbH
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6.2.3 Continental AG
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6.2.4 Joyson Safety Systems
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6.2.5 Denso Corporation
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6.2.6 Toyoda Gosei Co., Ltd.
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6.2.7 ZF Friedrichshafen AG
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6.2.8 Hyundai Mobis Co., Ltd
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6.2.9 Sumitomo Corporation
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6.2.10 Mitsubishi Electric Corporation
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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 |
US Airbag Systems Market Research 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.
What years does this United States Automotive Airbag Systems Market cover?
The report covers the United States Automotive Airbag Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Automotive Airbag Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Automotive Airbags Industry Report
Statistics for the 2024 US Automotive Airbags market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Automotive Airbags analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
