Automotive Airbag Sensors Market - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Airbag sensors are part of the safety arrangement
inculcated into cars for protecting the passenger’s head and chest
area from being hurt during collision. The sensors are responsible
for detection of sudden deceleration in a collision. Although these
sensors are located throughout the vehicle, they are majorly present
at the front side and behind the front fender to detect an impact at
the front and in the side column to detect a side impact. The sensors
trigger the airbag to go off whenever it detects a collision.
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Increasing sales of vehicles and continues
innovation by OEMs for providing better safety systems in car have
accelerated the market, globally.
The market for air bag sensors is primarily driven
by growing automobile industry and the demand for airbag employed in
Light Commercial Vehicle (LCV) and trucks. Increasing rate of fatal
accidents are propelling demand for airbag in the vehicle. For
Instance, according to the association for safe international road
travel, an estimated 3,287 deaths per day were reported due to road
accidents. Automakers are focused on providing safety measure in car
models by continuously innovating the systems to provide better
facilities regarding safety of people. For instance, ZF
Friedrichshafen AG, a germen car parts manufacturing company
announced that by 2019, the company will provide a knee airbags to
the European vehicle manufacturer.
Automotive Airbag sensor Market: Regional
Insight
The regional market for the airbag sensors is
segmented into North America, Europe, Asia Pacific, Latin America,
the Middle East, and Africa.
Asia Pacific held the dominant position in the
airbag sensors market and is expected to retain its dominance
throughout the forecast period. India, China, Japan are some of the
major countries, which drive growth of the airbag sensors market in
this region. Furthermore, high sales of automotive vehicles in Asia
Pacific is one of the major driving factor for growth of the market
in this region. For instance, according to the International
Organization of Motor Vehicle Manufacturers, the sales or
registration of new passenger cars was 2.97 million units in India in
2016, and it increased from 2.77 million units in 2015. Similarly, in
china the sales or registration of new passenger cars were 24.38
million units in 2016, which increased from 21.21 million units in
2015. Moreover, increasing government regulation related to
automotive vehicle safety have accelerate the market growth in this
region. For instance, in 2017, India Union minister of road transport
& highway announced the Bharat new vehicle safety assessment
program in which airbags, anti-lock braking system, and seat belt
become mandatory to install in new vehicles.
Automotive Airbag Sensor Market:
Competitive Insight
key players operating in the airbag sensor market
include Autoliv Inc., Continental AG, Denso Corporation, Freescale
Semiconductor, Key Safety Systems, Mitsubishi Electric Co., Ltd.,
Robert Bosch Corporation, Takata Corporation, Toyoda Gosei, and TRW
Automotive
Automotive Airbag Sensor Market: Taxonomy
By Vehicle Type
-
Passenger Cars
-
Commercial Vehicle
-
Light Commercial Vehicle
-
Heavy Commercial Vehicle
-
By Region
-
North America
-
Europe
-
Asia Pacific
-
Latin America
-
Middle East
-
Africa
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