The North American automotive safety airbag market was valued at US$2,401.189 million in 2021.
The market for automotive safety airbags in North America is anticipated to grow at a significant CAGR, owing to the mandatory requirements of airbags in cars and LCVs as per the regulations set by the federal legislation in the United States of America, which is also expected to hold a major share in the market, owing to higher production and demand for vehicles. Furthermore, the rising demand for safer driving experiences, coupled with the growth of the automotive sector of the region, is also one of the major factors driving the growth of the market. Furthermore, it is expected that new safety regulations will be introduced in some countries with an aim to improve passenger safety, which is also expected to boost the adoption of airbags in the coming years, and thus add to the market growth.
This research study examines the North American automotive safety airbag market based on various segments: product type, vehicle type, end-user, and countries. First, a brief overview of the market details key driving factors and challenges. Next, Porter's five forces model analyzes the North American automotive safety airbag industry comprehensively. 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 North America automotive safety airbag market. Moreover, the research study analyzes the overall regulatory framework of the emergency shutdown system sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
North America automotive safety airbag market – Forecasts from 2021 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital the market informed. 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 North America automotive safety airbag market report is 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$2,401.189 million |
| Growth Rate | CAGR during the forecast period |
| Base Year | 2021 |
| Forecast Period | 2023 – 2028 |
| Forecast Unit (Value) | USD Million |
| Segments Covered | Product Type, Vehicle Type, End-User, and Country |
| Regions Covered | United States, Canada, Mexico |
| Companies Covered | Continental AG, Robert Bosch GmbH, Autoliv Inc., DENSO Corporation, ZF Friedrichshafen AG, Aptiv PLC, Hyundai Mobis Co. Ltd., Nihon Plast Co. Ltd., Ningbo Joyson Electronic Corp., Toyoda Gosei Co. Ltd. |
| Customization Scope | Free report customization with purchase |