Market Size of South Africa Airbag Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South Africa Airbag System Market Analysis
The South Africa Airbag Systems Market is expected to register a CAGR of more than 7 % during the forecast period, 2020-2025.
- South Africa automotive industry growing slowly, and most economies started gaining momentum. By 2025 South Africa is expected to have a high demand for passenger cars and commercial vehicle sales South Africa is also emerging as an automotive part manufacture hub for the African region and is expected to drive the market for automotive reed switches in the region.
- Passenger safety is of the utmost importance to the South African government as well as the companies. Regulations towards consumer safety and security have made manufacturers install safety devices in the cars. The government of many countries has made usage of seat belts and airbags mandatory.
- In 2019, South Africa continued to capture the largest market for airbag inflators in Africa Middle East region due to various government initiatives toward passenger safety, such as the introduction of crash tests for frontal and side impact protection, sub-system tests for pedestrian protection, and anti-lock braking requirements.
South Africa Airbag System Industry Segmentation
The South Africa Airbag Systems Market covers the current and upcoming trends with recent technological developments. The report will provide a detailed analysis of various areas of the market by type, application and technology. The market share of significant automotive sensor manufacturing companies and country level analysis will be provided in the report.
| Airbag Type | |
| Driver airbag | |
| Passenger airbag | |
| Curtain airbag | |
| Knee airbag | |
| Others |
| Inflator Type | |
| Pyrotechnic | |
| Stored Gas | |
| Hybrid |
| Vehicle Type | |
| Passenger Car | |
| Commercial Vehicle |
South Africa Airbag Systems Market Size Summary
The South Africa Airbag Systems Market is poised for significant growth, driven by the expanding automotive industry and increasing emphasis on passenger safety. As the country emerges as a hub for automotive parts manufacturing in the African region, the demand for airbag systems is expected to rise. Government regulations mandating the installation of safety devices, including airbags, in vehicles are propelling this market forward. The introduction of advanced safety measures, such as crash tests and pedestrian protection systems, has positioned South Africa as a leader in the airbag inflator market within the Africa Middle East region. The market is witnessing a shift towards hybrid inflators, which, despite their complexities and higher costs, offer eco-friendlier options and are being increasingly integrated into various types of airbags.
The South African automotive sector, a significant contributor to the country's GDP, is experiencing revitalization through initiatives like the South African Automotive Masterplan (SAAM). This plan aims to increase local content and global vehicle production share, fostering industry growth and employment. Major automotive companies operate in South Africa, supporting the market for airbag systems through investments and production. The market is characterized by the presence of international and regional players, with companies engaging in partnerships and innovations to enhance product offerings. Developments such as inflatable seat belts and new airbag modules underscore the industry's commitment to safety and efficiency, ensuring a positive outlook for the airbag systems market in the coming years.
South Africa Airbag Systems 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 Porters Five Force 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 Airbag Type
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2.1.1 Driver airbag
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2.1.2 Passenger airbag
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2.1.3 Curtain airbag
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2.1.4 Knee airbag
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2.1.5 Others
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2.2 Inflator Type
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2.2.1 Pyrotechnic
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2.2.2 Stored Gas
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2.2.3 Hybrid
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2.3 Vehicle Type
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2.3.1 Passenger Car
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2.3.2 Commercial Vehicle
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South Africa Airbag Systems Market Size FAQs
What is the current South Africa Airbag Systems Market size?
The South Africa Airbag Systems Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in South Africa Airbag Systems Market?
Autoliv Inc., ZF, Continental AG, Robert Bosch GmbH and Joyson Safety Systems are the major companies operating in the South Africa Airbag Systems Market.
