MRO Magazine

Developing Automotive Markets in Emerging Nations to Drive the Global Automotive Curtain Airbags Market until 2020, Says Technavio


May 6, 2016
By Business Wire News

LONDON

According to the latest market research report by Technavio, the global automotive curtain airbags marketis likely to reach over 148 million units in shipment by 2020.

In this report, Technavio covers the present scenario and growth prospects of the global automotive curtain airbags market for 2016-2020. To calculate the market size, Technavio researchers have considered the global sales of curtain airbags in 2015 and estimated the adoption of curtain airbags in passenger cars only, considering the production volume of the global automotive industry.

“Rising sales of vehicles is likely to sustain the market, while automotive OEMs work towards integration of advanced features with new technologies. These innovations are anticipated to occur in terms of safety, performance, and design to differentiate with other models,” said Siddharth Jaiswal, one of Technavio’s lead industry analysts for automotive components.

“OEMs face a lot of pressure to comply with stringent safety tests. Such trends will likely have a positive impact on the curtain airbags market, as modern consumer expect carmakers to expand the use of curtain airbags to different vehicle segments,” added Siddharth.

Global automotive curtain airbags market by geography 2015

 

Americas

  35.10%

APAC

33.91%

EMEA

20.99%
 

Source: Technavio research

 

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Automotive curtain airbags market in the Americas: largest market

The automotive curtain airbags market in the Americas produced 37.98 million units in 2015. In 2015. The sharp focus on vehicle safety systems (both by OEMs and consumers) is expanding the scope of innovation in active safety systems in modern vehicles. Similar importance is given to passive safety systems, such as airbags, seat belts, and the use of strong materials to build the automotive body.

Governments have also taken major steps to mandate certain safety features in vehicles such as frontal and passenger airbags. These factors are deepening the penetration of curtain airbags in vehicles. North America had the highest percent of vehicles equipped with curtain airbags, and Technavio researchers expect more than 80% of vehicles manufactured in the Americas to be fitted with curtain airbags over the next four years.

Automotive curtain airbags market in APAC

The automotive curtain airbags market in APAC produced 36.69 million units in 2015. APAC had a share of 33.91% of the overall curtain airbags market in 2015, and the region will likely achieve 41% of the total market share by 2020. APAC represents one of the fastest-growing automotive markets in terms of volume. This is because APAC hosts fast-growing economies and production bases for volume and luxury-segment passenger cars such as China, India, Thailand, Indonesia, and South Korea, among others.

Automotive curtain airbags market in EMEA

The automotive curtain airbags market in EMEA produced 33.54 million units in 2015. Curtain airbags and other safety devices (such as frontal airbags, side airbags, and driver assistance systems) are common in mass-segment vehicles in this region. The demand for curtain airbags is expected to grow in the region, driven by concerns for safety among passengers and the rising recognition of the same by regulatory bodies. This active participation of consumers and active implementation of road safety regulations will drive the curtain airbags market in the region during the forecast period.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
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