Recognition of New Car Assessment Program Stimulating Growth Opportunities in the Global Automotive Front Airbags Market: Technavio Report

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  • The key vendors in the Global Automotive Front Airbags Market 2015-2019 Autoliv Inc., Hyundai Mobis Co. Ltd., Takata Corp. and TRW Automotive Holdings Corp.

London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Automotive Front Airbags Market 2015-2019.   Automakers invest heavily in R&D to launch new and innovative products that could improve the active and passive safety systems of vehicles. The high development rate of innovative products is catching up in the market and all car makers are aiming to install them in their vehicle models, positively influencing the Global Automotive Front Airbags market. The Global Automotive Front Airbags market is expected to grow at a CAGR of 4.11 percent in terms of revenue during the forecast period of 2014-2019.

“Crash tests have become mandatory in several countries and NCAP issues ratings to cars based on crash tests it has conducted,” says Faisal Ghaus, Vice President of TechNavio Research.

These tests are based on assessments done on occupant protection, child protection, and pedestrian protection.”

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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