Technavio, a tech-focused market research firm, has published a new report on the global automotive knee airbag systems market, which is expected to grow at a CAGR of more than 9% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global knee airbag systems market into the following key regions: The Americas, APAC, and EMEA.
Source: Technavio
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Top three contributors for the global automotive knee airbag systems market are elaborated below
Automotive knee airbag systems market in the Americas: The market for automotive knee airbag systems market in the Americas is dominated by the US. Stringent legislations pertaining to vehicular safety, such as the mandatory deployment of frontal airbag systems in the US, is expected to drive the demand for automotive knee airbag systems in the Americas during the forecast period.
According to Siddharth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “Governments in North America have also taken severe steps to mandate certain safety features in vehicles, such as frontal and passenger airbag systems. These factors are increasing the penetration of knee airbag systems in vehicles.”
Automotive knee airbag systems market in EMEA: In EMEA, Europe is the major market for automotive knee airbag systems as the European automotive market follows some of the most stringent safety standards around the world. The presence of several large automotive suppliers in the world such as Bosch AG, Delphi, and Autoliv in the region is anticipated to drive the growth of the market in EMEA in the coming years.
Automotive knee airbag systems market in APAC: The growth of the market in APAC is driven by the rise in per-capita income and the subsequent increase in automobile sales. India, China, South Korea, and Japan are the key revenue generating countries in the automotive knee airbag systems market in APAC.
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Leading vendors operating in the global automotive knee airbag systems market are:
- Autoliv
- Takata
- ZF-TRW
- Hyundai Mobis
- Faurecia
Other prominent vendors in the market include Ashimori, Ningbo Joyson Electronic, Nihon Plast, and Toyoda Gosei.
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Knee Airbag Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Launch Control System Market 2017-2021
- Global Automotive Steering-Mounted Electronics Market 2017-2021
- Global Automotive Terrain Response System Market 2017-2021
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