Skip to main content

Airbag Electronics Market  to Record Sturdy Growth in the Coming Years

Increasing concerns over improving the measures for automobile safety has propelled the need for advanced airbag electronics. OEMs are upgrading the electronic control units used to regulate the deployment of airbags in vehicles. Smart airbags are being integrated in the latest offerings of automakers across the globe. New technologies, such as IoT, and advanced sensors are being integrated to extend the efficiency of airbag electronics in modulating the safety of automobile and its occupants.

Ongoing innovation in development of airbags has led to disruptive transformations in the technologies used for developing airbag electronics. Advancements in airbag designs are influencing the development of airbag electronics. Crash sensors, igniters, inflation equipment, weight sensors embedded in passenger seats, seat occupancy detectors and ultrasonic sensors are being integrated as key components in airbag electronics. Smart airbag technologies are being incorporated to develop airbag electronics that can instantly deploy airbags and prevent injuries in an event of collision.


Transparency Market Research projects that the demand for airbag electronics will soar robustly across the globe during the forecast period, 2017-2026. According to the report, the global airbag electronics market is assessed to expand at a volume CAGR of 6.8% over the forecast period.

The report further estimates that by the end of 2026, more than 237,500 thousand units of airbag electronics will be sold across the global automotive industry. Changing policies of road transport and traffic authorities with respect to automobile safety have been analyzed to study their influence on development of airbag electronics for future generations.


Mid-sized Cars and Compact Cars to Account for Nearly Half of Global Market Volumes through 2026

The report estimates that airbag electronics manufactured across the globe will be predominantly used in mid-sized cars and compact cars. In 2017, nearly 60,000 thousand units of airbag electronics were installed in mid-sized cars and compact cars across the globe. Growing sales of mid-sized cars will factor their dominance in the global airbag electronics market. In terms of vehicles, mid-sized cars are expected to account for one-fourth of overall airbag electronics volumes sold in the global market. The report further reveals that compact cars will register highest volume CAGR of 8% over the forecast period.

Aftermarket Sales of Airbag Electronics to Gain Traction

In 2018 and beyond, OEMs will be the largest sales channel in the global airbag electronics market. By the end of forecast period, nearly 57% of airbag electronics manufactured in the global market will be sold through OEMs. However, the report also reveals that the aftermarket sales of airbag electronics will register fastest growth, reflecting a volume CAGR of 7.3% over the forecast period.


Key Manufacturers of Airbag Electronics


Autoliv (Sweden), Denso Corporation (Japan), Key Safety Systems, Inc. (US), Takata Corporation (Japan), Toyoda-Gosei Co., Ltd. (Japan), TRW Automotive Holdings Corp. (US), Ashimori, Hyundai Mobis, Ningbo Joyson Electronic, and Nihon Plast are globally observed as leaders in development of airbag electronics. These companies have been extensively profiled in the report, and their latest strategic developments have been detailed in an unbiased format. While these companies are expected to remain key stakeholders in the expansion of the global airbag electronics market through 2026, increasing manufacturing complexities and discrepancy in the global supply chain for automotive components will continue to serve as key market entry barriers.

Comments

Post a Comment

Popular posts from this blog

Wi-Fi Chipset Market Poised for an Explosive Growth in the Near Future

Wi-Fi is a technology based on the IEEE 802.11 standard which connects two or more devices using wireless communication within a limited area such as office building, school, home, or computer laboratory. Usage of Wi-Fi has increased significantly in residential and commercial places since the last several years due to the ease of its installation and operation. Currently, a number of devices including video-game consoles, digital cameras, digital audio players, digital printers, smart TVs, tablets, phones, and personal computers are available with built-in Wi-Fi technology. These devices can connect to the internet with the help of wireless access point or wireless LAN (Local Area Network) and can provide control and monitoring of a system from a remote location. Wi-Fi chipsets usually operate in 2.4 gigahertz UHF (Ultra High Frequency) band and 5.8 gigahertz SHF (Super high frequency) band. Wi-Fi Alliance, comprising more than 375 organizations worldwide, establishes and enforces W...
Post a Comment
Read more

Keyless Entry System Market: Industry Outlook, Growth Prospects and Key Opportunities

Keyless entry system is technology that provides physical access to an individual inside any premises or automotive without the use of a mechanical key for performing the locking and unlocking operation. Keyless entry system provides an enhanced convenience and security to the users. In case of a keyless entry system, the users get secure and authorized access to an automotive or premise with the use of various external devices or gesture such as a keyless fob or a smart card, or by the use of their own voice, fingerprints or facial recognition among others. Owing to rapidly increasing adoption of smart technologies across various application sectors, keyless entry systems is increasingly installed among users especially in the transportation sector, government sector, banking financial services and insurance (BFSI) sectors and hospitality industry among others. The global Keyless Entry System market is anticipated to experience a robust growth during the forecast period from 2017 to...
Post a Comment
Read more

Automotive Leaf Spring Suspension Market - Business Strategies and Recent Development

Key priorities of automotive manufacturers include increasing operational performance, improving drivability, and ensuring the safe transport of cargo and passengers. Increasing acceptance of hybrid and electric vehicles and integration of smart and connected technologies have prompted manufacturers to focus on improving the power and drivetrain systems such as clutch, transmission, propeller shaft, axle, and leaf springs. Leaf springs are located between the wheels and the body of the vehicle. When the wheel passes over a bump, it rises and deflects the spring; thereby, storing the energy in the spring. On releasing, due to the elasticity of the spring, it rebounds thereby expanding the stored energy. Increase in demand for automobiles globally, is driving the leaf spring market. The leaf springs are primarily used in light, medium, and heavy-duty commercial vehicles such as pick-up trucks and vans. Some passenger car manufacturers rely on use of leaf spring technology for bet...
Post a Comment
Read more