The Europe automotive safety airbag market was valued at US$2.192 billion in 2021 and is projected to expand at a CAGR of 4.98% over the forecast period to reach US$3.080 billion by 2028.
The European market witnessed high demand for conductive silicone in the form of silicone rubber, resins, sealants, elastomers, lubricants, and plastic additives, mainly attributable to the presence of a large automotive, aerospace, and defense sector in the region. The construction and consumer electronics segment is a significant growth driver in the Middle East conductive silicone market, which has been characterized by very high demand for world-class housing and goods like personal luxury goods, as most economies enjoyed high returns from a flourishing oil business. In the African region, much of the demand for conductive silicone is generated by the telecommunications, energy, and infrastructure segment.
This research study examines the Canadian automotive safety airbag market based on various segments: product type, vehicle type, and end-user. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model comprehensively analyzes Europe’s automotive safety airbag industry. This is followed by industry value chain analysis, which determines the companies that are part of the different processes and contribute to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the Europe automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of Europe’s automotive safety airbag sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Europe automotive safety airbag market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to make informed decisions. The report also analyzes the competitive landscape and details strategies of key market players, and also plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the Europe automotive safety airbag market report are as below:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Market Size Value in 2021 | US$2.192 billion |
| Market Size Value in 2028 | US$3.080 billion |
| Growth Rate | CAGR of 4.98% from 2021 to 2028 |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Billion |
| Segments Covered | Product Type, Vehicle Type, and End-User |
| Companies Covered | DOW Corning Corporation, Shin-Etsu Chemical, Evonik Industries, Momentive Performance Materials, CHT Silicons (ACC Silicones Ltd). |
| Customization Scope | Free report customization with purchase |
Different segments covered under the Europe automotive safety airbag market report are as below: