United States Automotive Airbag Systems Market Size (2024 - 2029)

The United States automotive airbag systems market is experiencing growth driven by increasing safety concerns, stringent regulations, and a rise in accidents. This has led to significant investments in research and development by major manufacturers to enhance vehicle safety features. Despite this growth, the market faces challenges due to issues with faulty airbags, which have resulted in vehicle recalls.

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Market Size of United States Automotive Airbag Systems Industry

us airbag systems market_overview
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.00 %
Market Concentration Medium

Major Players

United States Automotive Airbag Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Airbag Systems Market Analysis

The United States Automotive Airbag Systems Market is anticipated to register a CAGR of over 5% during the forecast period 2020 - 2025.

Owning to rising accidents, the enactment of stringent safety regulations, and the increasing safety concerns among the consumers is expected to drive the airbag systems market. To meet the increasing standards for safety features in the vehicles, major airbags system manufacturers in the market are investing in the research and development activities.

Companies such as Continental AG, Robert Bosch GmbH, ZF Group, Joyson Safety Systems, Hyundai Mobis amongst others are some of the major players in the market studied.

However, in recent years many airbag system manufacturers are facing challenges due to injuries caused by faulty airbags which is forcing them to recall vehicles to replace faulty airbag systems. For instance, in 2019, Ford recalled more than 782,384 Ford, Lincoln, and Mercury vehicles to have their passenger-side front airbag inflators replaced.

US Airbag Systems Industry Segmentation

The United States Automotive Airbag Systems Market covers all the latest R&D initiatives, investment done by the major airbag systems manufacturers. The US Airbag Systems Market is segmented by Component Type (Air bag Module, Crash Sensors, Monitoring Unit, Others), Coating Type (Neoprene Coated, Non-coated, Silicone coated, others), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Vehicles, Others).

Component Type
Air Bag Module
Crash Sensors
Monitoring Unit
Others
Coating Type
Neoprene Coated
Non-Coated
Silicon-coated
Others
Vehicle Type
Passengers Cars
Commercial Vehicles
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United States Automotive Airbag Systems Market Size Summary

The United States airbag systems market is poised for significant growth, driven by increasing safety concerns, stringent regulations, and the rising incidence of road accidents. Major manufacturers are heavily investing in research and development to meet the evolving safety standards, with companies like Continental AG, Robert Bosch GmbH, and ZF Group leading the charge. The market is characterized by a shift towards silicone-coated airbags, which offer advantages such as lighter weight, reduced stiffness, and enhanced performance. These airbags are becoming increasingly popular due to their thermal resistance and ability to protect passengers from heat during deployment. The expanding electric and hybrid vehicle market further propels the demand for advanced airbag systems, as manufacturers strive to enhance vehicle safety features.

The US airbag systems market is highly fragmented, with numerous international and local players contributing to its competitive landscape. Innovations in airbag technology are a key focus, with companies like Toyoda Gosei Co., Ltd and Honda Motor Corp collaborating to develop advanced airbag systems that improve crash safety and occupant protection. The market is also witnessing strategic acquisitions, such as Ningbo Joyson Electronic Corporation's acquisition of Takata Corporation's global assets, which has strengthened Joyson Safety Systems' position in the industry. As electric vehicle sales continue to rise, supported by government incentives and technological advancements, the demand for sophisticated airbag systems is expected to grow, driving further innovation and development in the market.

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United States Automotive Airbag Systems Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Component Type

      1. 2.1.1 Air Bag Module

      2. 2.1.2 Crash Sensors

      3. 2.1.3 Monitoring Unit

      4. 2.1.4 Others

    2. 2.2 Coating Type

      1. 2.2.1 Neoprene Coated

      2. 2.2.2 Non-Coated

      3. 2.2.3 Silicon-coated

      4. 2.2.4 Others

    3. 2.3 Vehicle Type

      1. 2.3.1 Passengers Cars

      2. 2.3.2 Commercial Vehicles

United States Automotive Airbag Systems Market Size FAQs

The United States Automotive Airbag Systems Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Joyson Safety Systems, Robert Bosch Systems, Continental AG, ZF Friedrichshafen AG and Autolive Inc. are the major companies operating in the United States Automotive Airbag Systems Market.

US Automotive Airbags Market Report Snapshots

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