Latin America Airbag Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Latin America Airbag System market is segmented by Airbag Type (Curtain, Front, Knee, and Others), and Automobile Type (Passenger Cars, Commercial Vehicle)

Latin America Airbag Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Latin America Airbag Systems Market Size

Latin America Airbag Systems Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration Medium

Major Players

Latin America Airbag Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Latin America Airbag Systems Market with other markets in Automotive Industry

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Latin America Airbag Systems Market Analysis

The Latin America airbag system market is expected to register a CAGR over 7% during the forecasted period (2020 - 2025)

  • Latin America has 12.3 road fatalities per million inhabitants per year in road traffic crashes involving cars and busses. Passenger safety is of the utmost importance to the government as well as the companies. Regulations towards consumer safety and security have made manufacturers install safety devices in the cars. The government has made usage of seat belts and airbags mandatory which has resulted in decline of deaths due to accidents from 2,921 in 2017 to less than 2,500 in 2019. Consequently, risk factors as seat-belt use, and drink and drive is one of the major cause of these fatalities.
  • The Airbag system requires advance technology and high initial investment. OEMs are opting for well-known manufacturers who are proving the airbag systems with advance technologies at low cost. This is limiting the penetration of new players into market. Many companies from North American region have set up their manufacturing units in Mexico due to low labour and production cost which is being supported by free trade deal between United States, Canada and Mexico. Mexico has exported more than 3.3 million vehicles in 2019. Although there has been decline in the production in past few years and on-going COVID-19 economic crisis, during the forecasted period the production is expected to increase at a steady pace which will help the Airbag system market to grow in Mexico.

Latin America Airbag Systems Industry Overview

This market is consolidated with major companies that are merging and acquiring other companies to maintain their position in the market. Key players in the market are Hyundai Mobis, ZF Friedrichshafen, Autoliv, DENSO Corporation, Toshiba Corporation, Key Safety Systems, Continental AG. In 2016 TRW was acquired by ZF Friedrichshafen AG. There is a recent development in roof type airbags. The new bad in roof airbags has replaced passenger airbags which are located in the instrument panel to protect passengers. It is used in Citroen Cactus C4. There has been tremendous development in dual-stage airbags which are located at the location of seat belt and front seat, these airbags are used to prevent children and adults from getting injured during the collision. Since active safety systems are improving owing to the new technology, there might be a reduction in demand for passive safety systems like airbags and seatbelts in the future.

Latin America Airbag Systems Market Leaders

  1. ZF Friendrichshafen AG

  2. Hyundai Mobis Co Ltd

  3. Autoliv Inc

  4. Denso Corporation

  5. Continental AG

  6. *Disclaimer: Major Players sorted in no particular order
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Latin America Airbag Systems Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters Five Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Airbag Type
    • 5.1.1 Curtain
    • 5.1.2 Front
    • 5.1.3 Knee
    • 5.1.4 Others
  • 5.2 Automobile Type
    • 5.2.1 Passenger Cars
    • 5.2.2 Commercial Vehicles
  • 5.3 Geography
    • 5.3.1 Brazil
    • 5.3.2 Mexico
    • 5.3.3 Argentina
    • 5.3.4 Rest of Latin America

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Autoliv Inc
    • 6.2.2 Continental AG
    • 6.2.3 Delphi Automotive PLC
    • 6.2.4 Denso Corporation
    • 6.2.5 Hyundai Mobis Co Ltd
    • 6.2.6 Toshiba Corporation
    • 6.2.7 GWR safety systems
    • 6.2.8 ZF Friendrichshafen AG
    • 6.2.9 Robert Bosch GmbH
    • 6.2.10 Key Safety Systems
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Latin America Airbag Systems Industry Segmentation

The Latin America airbag system market report covers the latest trends and technological development in the automotive airbags and seatbelt market, demand by airbag type, vehicle type, by user type, and market share of major automotive airbag system manufacturers across the region

Airbag Type Curtain
Front
Knee
Others
Automobile Type Passenger Cars
Commercial Vehicles
Geography Brazil
Mexico
Argentina
Rest of Latin America
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Latin America Airbag Systems Market Research FAQs

What is the current Latin America Airbag Systems Market size?

The Latin America Airbag Systems Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

Who are the key players in Latin America Airbag Systems Market?

ZF Friendrichshafen AG, Hyundai Mobis Co Ltd, Autoliv Inc, Denso Corporation and Continental AG are the major companies operating in the Latin America Airbag Systems Market.

What years does this Latin America Airbag Systems Market cover?

The report covers the Latin America Airbag Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Latin America Airbag Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Latin America Airbag Systems Industry Report

Statistics for the 2024 Latin America Airbag Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Airbag Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.