Market Size of Automotive Curtain Airbags Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 5.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Major Players*Disclaimer: Major Players sorted in no particular order |
Automotive Curtain Airbags Market Analysis
The automotive curtain airbags market is anticipated to register a CAGR of over 5.5% during the forecast period, 2020 - 2025.
- Nearly a decade ago, airbag systems were mainly deployed in the luxury segment vehicles. Currently, the situation has entirely changed due to the increasing pressure from regulatory bodies, intense competition in the market, and the rising concerns of consumers about safety. These pressures intensify the long-standing significance for car manufacturers to include the airbag system in every car regardless of its market segment.
- In the United States, the National Highway Traffic Safety Administration (NHTSA) introduced new regulations for adopting side and curtain airbags, which were mandated for all vehicles, by 2018. Additionally, many automobile manufacturers have been investing significantly in research and development for the manufacture of affordable and advanced airbag inflators, to meet the increasing demand for side and curtain airbag systems.
- Vehicle manufacturers have been offering more number of airbags in cars, due to which the usage of airbags has jumped up to three times in the last three to four years. Almost every new car that has been launched in the last couple of years has at least one airbag (driver side) while some also have curtain airbags, especially in the developing countries.
- The increasing number of road accidents has led to the mandatory installation of airbags by the OEMs. Also, an increase in awareness among people and technological advancements is expected to create a demand for curtain airbags over the forecast period.
Automotive Curtain Airbags Industry Segmentation
The automotive curtain airbags market covers the increasing adoption of curtain airbags in both the passenger cars and commercial vehicles, the impact of government regulations on manufacturers, initiatives taken by the government to boost curtain airbag adoption, new product developments, and competitive landscape of players operating in the market studied. Additionally, the report has been segmented by application, end user, vehicle type, and geography.
Application | |
Torso Curtain Airbags | |
Head Curtain Airbags | |
Combo Curtain Airbags |
End User | |
OEM | |
Aftermarket |
Vehicle Type | |
Hatchback | |
Sedan | |
Sports Utility Vehicle | |
Other Vehicle Types (Pick-up Trucks, MPVs, etc.) |
Geography | |||||||
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Automotive Curtain Airbags Market Size Summary
The automotive curtain airbags market is experiencing significant growth, driven by increasing safety regulations and consumer demand for enhanced vehicle safety features. Initially limited to luxury vehicles, curtain airbags have become a standard safety feature across various vehicle segments due to regulatory pressures and advancements in airbag technology. The market is witnessing a surge in the adoption of curtain airbags, particularly in SUVs and vans, with expanding applications in mini-cars and heavy-duty trucks. This growth is supported by federal regulations mandating head and torso protection, which are typically achieved through the use of side and curtain airbags. The rising number of road accidents and heightened awareness of vehicle safety are further propelling the demand for these airbags.
Regionally, Europe leads the market for curtain airbags, with Germany being a key contributor due to its robust automotive industry. The Asia-Pacific region is the fastest-growing market, fueled by increasing disposable incomes and a growing preference for high-end vehicles equipped with advanced safety features. Major players in the market, such as Visteon Corporation, Continental AG, and Autoliv Inc., are focusing on innovation and quality to maintain a competitive edge. These companies are expanding their operations and developing new technologies to meet the evolving market demands. The market's growth trajectory is supported by strategic developments, such as Continental AG's expansion in India and Toyoda Gosei Co. Ltd's collaboration with Toyota Motor Corporation, highlighting the industry's commitment to enhancing vehicle safety globally.
Automotive Curtain Airbags Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Application
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2.1.1 Torso Curtain Airbags
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2.1.2 Head Curtain Airbags
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2.1.3 Combo Curtain Airbags
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2.2 End User
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2.2.1 OEM
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2.2.2 Aftermarket
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2.3 Vehicle Type
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2.3.1 Hatchback
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2.3.2 Sedan
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2.3.3 Sports Utility Vehicle
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2.3.4 Other Vehicle Types (Pick-up Trucks, MPVs, etc.)
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.1.4 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Russia
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2.4.2.5 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 Rest of Asia-Pacific
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle East & Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 Saudi Arabia
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2.4.5.3 Rest of Middle East & Africa
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Automotive Curtain Airbags Market Size FAQs
What is the current Automotive Curtain Airbags Market size?
The Automotive Curtain Airbags Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Automotive Curtain Airbags Market?
Visteon Corporation, Continental AG, Autoliv, Inc., Delphi Technologies and Toyoda Gosei Co., Ltd are the major companies operating in the Automotive Curtain Airbags Market.