- The key vendors in the Global Automotive Side Airbags Market 2014-2018 are Autoliv Inc., Takata Corp. and TRW Automotive Holdings Corp.
London, 09 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Automotive Side Airbags Market 2014-2018. One of the emerging key trends in the market is the increasing usage of side airbags in emerging markets on the back of rising safety concerns among consumers in the BRIC nations. The Global Automotive Side Airbags market is expected to grow at a CAGR of 9.12 percent during the forecast period of 2013-2018.
“The growth in the Global Automotive Side Airbags market is expected to stem mainly from the increasing demand for safety features in vehicles,” says Faisal Ghaus, Vice President of TechNavio Research.
“As a result of stringent automobile safety regulations in developed countries such as the US, Japan, and Western European countries, front impact airbags represent a maturing technology as they have achieved 100 percent market penetration.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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