TechNavio recognizes the following companies as the key players in the Global Automotive Airbag market: Autoliv Inc., Delphi Automotive plc, Takata Corp., TRW Automotive Holdings Corp
Commenting on the report, an analyst from TechNavio’s team said: “One of the main trends witnessed in the Global Automotive Airbag market is the increasing demand from the BRIC countries. Since the market for airbag systems in developed regions is maturing and becoming saturated, OEMs and suppliers are focusing on developing and emerging markets. The steady economic growth in the BRIC countries is expected to be one of the major drivers of the growth of the Global Automotive Airbag market in the next few years. The continuous economic growth in the BRIC countries has improved the financial status of the people in these countries, which in turn is leading to an increase in the per capita income of the population. This has increased the demand for automobiles in these countries, increasing the demand for safety systems.”
According to the report, one of the main factors driving the market is the growth of the Global Automotive Safety Systems market. Safety systems help prevent vehicle accidents during critical situations and protect passengers from injury. Various active safety systems and passive safety systems are being increasingly used in automobiles, as passenger safety has become a prime concern for all; this is propelling the growth of the Global Automotive Airbag market.
Further, the report states that one of the main challenges is the functional and operational issues. There are several product-related issues regarding the failure of airbags in critical situations. There have been instances when the sensors failed during an accident, resulting in the failure of the airbag to open.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Denso Corp., Key Safety Systems Inc., Tokai Rika Co. Ltd., and Toyoda Gosei Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-automotive-airbag-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. https://www.technavio.com/automotive-and-aerospace
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TechNavio Announces the Publication of its Research Report – Global Automotive Airbag Market 2012-2016
