How big is the Asia Pacific Airbag Systems Market?

The Asia Pacific Airbag Systems Market size is expected to reach USD 42.83 billion in 2024 and grow at a CAGR of 5.92% to reach USD 56.23 billion by 2029. Read More

What is the current Asia Pacific Airbag Systems Market size?

In 2024, the Asia Pacific Airbag Systems Market size is expected to reach USD 42.83 billion. Read More

Who are the key players in Asia Pacific Airbag Systems Market?

Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Denso Corporation and Autoliv inc. are the major companies operating in the Asia Pacific Airbag Systems Market. Read More

What years does this Asia Pacific Airbag Systems Market cover, and what was the market size in 2023?

In 2023, the Asia Pacific Airbag Systems Market size was estimated at USD 40.29 billion. The report covers the Asia Pacific Airbag Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Airbag Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Asia Pacific Airbag Systems Market Size & Share Analysis - Industry Research Report

Asia Pacific Airbag Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Asia-Pacific Airbag System Market is Segmented by Airbag Type (Curtain, Front, Knee, Side, and Other Airbag Types), Vehicle Type (Passenger, Commercial, Busses, and Trucks), Sales Channel (OEM and After-Market), and Geography (China, India, Japan, South Korea, and the Rest of Asia-Pacific). The Report Covers the Market Size and Forecasts in Terms of Value (USD) for all the Above Segments).

Asia Pacific Airbag Systems Industry Overview

Asia-Pacific Airbag Systems Market is dominated by several key players such as ZF Friedrichshafen AG, Autoliv Inc., DENSO Corporation, Continental AG, and others. Major key players are expanding their manufacturing facilities across the region, which is likely to witness major growth for the market during the forecast period. For instance,

In April 2022, Toyoda Gosei Co., Ltd. established a new plant in Guangdong Province, China, to enhance its production network for airbags and steering wheels, its major products. The facility was constructed on a site of about 54,000 square meters, which has a building area footprint of about 43,000 square meters. The plant manufactures airbags, steering wheels, and pop-up actuators.

In April 2022, Toyoda Gosei Co., Ltd. established a new plant in Guangdong Province, China, to enhance its production network for airbags and steering wheels, its major products. The facility was constructed on a site of approximately 54,000 square meters, with a building area footprint of about 43,000 square meters. The plant manufactures airbags, steering wheels, and pop-up actuators.

In March 2022, Asahi Kasei Corporation (Asahi Kasei) announced a strategic partnership with Genomatica, Inc. on March 16. The partnership aims to develop biomass-derived polyamide 66 (PA66), with Asahi Kasei gaining preferential use of Genomatica's biomass-derived hexamethylenediamine (HMD) technology. Asahi Kasei plans to combine its polymerization technology with HMD technology to commercialize biomass-derived PA66 in the future. PA66 finds applications in products like airbag fabrics and automotive plastic parts.

In December 2021, ZF Friedrichshafen AG (ZF) announced a joint venture (JV) with Rane TRW Steering Systems from the Rane Group. This joint venture will focus on producing safety products, airbags, and seat belt systems for both the domestic market and exports.

In March 2021, Autoliv announced its plans to establish an airbag inflator manufacturing plant in Chennai, India. Autoliv expects that the new plant will further support sustainable market growth in India, catering to the needs of global and local original equipment manufacturers (OEMs).