Airbag Electronics market size will grow from in 2017 to by 2023, at an estimated CAGR of . The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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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.
By Market Players:
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, Nihon Plast
By Vehicle Type
Compact Cars, Mid-Sized Cars, Premium Cars, Luxury cars, Light Commercial Vehicles, Heavy Commercial Vehicles, , ,
By Sales Channel
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