This market research study presents a detailed segmentation of the global automotive curtain airbags market by geography (Americas, APAC, and EMEA). The leading vendors identified in the market are Autoliv, Takata, and ZF TRW.
Technavio has released a new market research report on the global automotive curtain airbags market, which is expected to grow at a CAGR of more than 6% between 2016 and 2020. Increasing demand for safety features in vehicles has accelerated the curtain airbags market. The new airbag safety legislation will see more implementation of these airbags in vehicles by 2020. Currently, the Americas dominate the curtain airbags market, owing to the rising awareness among consumers regarding advanced safety technologies.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“The market is expected to witness increased adoption of curtain airbags in low-cost and compact vehicles. In many developing nations such as India, China, and Brazil, curtain airbags are only limited to high-end luxury cars. A growing focus on passenger safety provided by airbags is fuelling the demand for these devices in emerging economies. For example, Ford India installed six airbags in its Aspire model, including curtain and side airbags. It also offers the same system in its Ford Figo model,” says Siddarth Jaiswal, Lead Analyst, Automotive, Technavio Research
Strict safety regulations implemented across the globe by regulatory bodies has boosted the use of airbags in vehicles as they reduce the risk of fatalities and injuries. In countries such as US, Europe, and Australia, there is high penetration of vehicles equipped with the system of multi-level control airbags and side-collision airbags (side airbags and curtain shield airbags). Regulatory bodies are focusing on implementing regulations on curtain airbag products, in terms of quality, materials used, and mandating the use of such devices in vehicles.
The key vendors in the global automotive curtain airbags market include Autoliv, Takata, and ZF TRW. This market is highly consolidated owing to the presence of three major providers in the market. Most of these top players are concentrated in the US and Japan. The competitive nature of this market is envisaged to intensify owing to stringent government regulations and consumer demand for automotive safety and advanced features.
A more detailed analysis is available in the Technavio report, Global Automotive Curtain Airbags Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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