Automotive Airbag Parts Market Research Report By Component (Airbag Modules, Airbag Sensors, Airbag Fabrics, Airbag Inflator, Other Components), By Vehicle Type (Passenger Cars, Commercial Vehicles, Two Three Wheelers), By Deployment Mechanism (Frontal Airbags, Side Airbags, Curtain Airbags, Knee Airbags, Other Deployment Mechanisms), By Airbag Type (Single-Stage Airbags, Dual-Stage Airbags, Multi-Stage Airbags), By Sales Channel (OEM, Aftermarket) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)

Automotive Airbag Parts Market Overview:

As per MRFR analysis, the Automotive Airbag Parts Market Size was estimated at 10.25 (USD Billion) in 2022. The Automotive Airbag Parts Market Industry is expected to grow from 10.66(USD Billion) in 2023 to 15.2 (USD Billion) by 2032. The Automotive Airbag Parts Market CAGR (growth rate) is expected to be around 4.03% during the forecast period (2024 - 2032).

Key Automotive Airbag Parts Market Trends Highlighted

The automotive airbag parts market is anticipated to be driven by rising road accidents, stringent safety regulations, and increasing vehicle production. Additionally, advancements in airbag technology, such as the development of multi-stage airbags and side curtain airbags, create opportunities for market growth. Trends in recent times include the adoption of smart airbags that can sense the severity of an impact and adjust the airbag's deployment accordingly. Furthermore, the growing popularity of electric vehicles is expected to present new opportunities for the airbag parts market as manufacturers develop airbags specifically designed for electric vehicles.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Airbag Parts Market Drivers

Increasing Stringency of Safety Regulations

Governments worldwide are implementing increasingly stringent safety regulations for automobiles, which is driving the growth of the automotive airbag parts market. These regulations mandate the use of airbags in all new vehicles, and they also specify the performance requirements that airbags must meet. As a result, automakers are increasingly incorporating airbags into their vehicles, which is creating demand for airbag parts. In addition to government regulations, consumer demand for safety features is also driving the growth of the automotive airbag parts market.

Consumers are becoming more aware of the importance of airbags, and they are willing to pay more for vehicles that are equipped with these safety features. This increased demand is creating opportunities for airbag manufacturers to expand their product offerings and increase their market share. The increasing stringency of safety regulations and the growing consumer demand for safety features are two of the most important market drivers in the Global Automotive Airbag Parts Market Industry. These factors are expected to continue to drive the growth of the market in the coming years.

Rising Production of Vehicles

The rising production of vehicles is another key market driver in the Global Automotive Airbag Parts Market Industry. As the number of vehicles on the road increases, so does the demand for airbag parts. This is because airbags are a critical safety feature that helps to protect occupants in the event of a collision. The growth in vehicle production is being driven by several factors, including the increasing population, the rising middle class, and the increasing urbanization. As these trends continue, the demand for airbag parts is expected to grow in the coming years.

Technological Advancements

Technological advancements are also causing the growth of the Global Automotive Airbag Parts Market Industry. Airbag manufacturers are continually inventing new and high-tech technologies applied to manufacturing airbags. These technologies are increasing the safety and efficiency of the airbags. One of the most vital technological advancements is the manufacture of side airbags. The side airbags are designed to protect the passengers during a side collision.

Today, the side airbags are being included in most modern vehicles. Side airbags’ technology is expected to continue causing the growth of this market in the future. The other important technological advancement applied is developing the advanced sensor airbag. These airbags are designed in a way that they can detect the collision’s severity, and they can deploy as well. This aspect ensures that the passengers are safe in the event of a crash, regardless of how severe it is.

Automotive Airbag Parts Market Segment Insights:

Automotive Airbag Parts Market Component Insights  

The Global Automotive Airbag Parts Market is segmented by Component into Airbag Modules, Airbag Sensors, Airbag Fabrics, Airbag Inflator, and Other Components. Among these, the Airbag Modules segment held the largest market share in 2023, and it is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing production of vehicles with advanced safety features. Moreover, the stringent government regulations regarding vehicle safety are further driving the demand for airbag modules.

Airbag Sensors are another important component of the Automotive Airbag Parts Market. These sensors detect the impact of a collision and trigger the deployment of the airbags. The market for Airbag Sensors is expected to grow significantly in the coming years, owing to the increasing demand for advanced safety systems in vehicles. Airbag Fabrics are used to make the airbags. These fabrics are designed to withstand the high pressure and temperature generated during airbag deployment. The market for Airbag Fabrics is expected to grow steadily in the coming years, driven by the increasing production of vehicles.Airbag Inflators are used to fill the airbags with gas. These inflators are typically made of pyrotechnic materials, which generate a large volume of gas upon ignition. The market for Airbag Inflators is expected to grow significantly in the coming years, owing to the increasing demand for airbags in vehicles. Other Components of the Automotive Airbag Parts Market include various components such as airbag covers, airbag cushions, and airbag control units. The market growth is driven by the increasing production of vehicles, stringent government regulations regarding vehicle safety, and the growing demand for advanced safety features in vehicles.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Airbag Parts Market Vehicle Type Insights  

The market is further segmented by vehicle type into passenger cars, commercial vehicles, and two and three-wheelers. The market for the passenger cars segment is expected to witness a major share throughout the forecast period owing to the increasing production and sales of passenger cars across the globe. Moreover, the growing safety regulations, as well as consumer awareness regarding vehicle safety, are driving the demand for airbags in the passenger cars segment. The passenger cars segment accounted for a value share of around 60% of the global market in 2023. 

The commercial vehicles segment is expected to witness a steady growth rate during the forecast period owing to the increasing demand for commercial vehicles from various industries, such as transportation and logistics, across emerging and specialized regions. Moreover, the stringent government regulations mandating the installation of airbags in commercial vehicles are expected to drive the growth of the segment. The commercial vehicles segment is expected to capture a value share of around 30% by 2024. The demand for the two and three-wheelers segment is expected to witness a major growth rate in the coming years owing to the increasing popularity of the two and three-wheelers for short as well as economical transportation across developing economies. Moreover, increasing safety concerns as well as government regulations for installation of the airbags in the two and three wheelers is expected to drive the growth of the segment. The two and three wheelers segment are attributed with around 10% value share by 2024.

Automotive Airbag Parts Market Deployment Mechanism Insights  

The deployment mechanism segment of the Global Automotive Airbag Parts Market is categorized into frontal airbags, side airbags, curtain airbags, knee airbags, and other deployment mechanisms. Frontal airbags accounted for the largest market share in 2023 and are expected to maintain their dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for enhanced safety features in vehicles, as well as the stringent government regulations mandating the installation of frontal airbags in new vehicles.

Side airbags are also expected to witness significant growth, owing to the rising awareness about passenger safety and the increasing adoption of side airbags in mid and high-end vehicles. Curtain airbags, which provide protection for passengers in the event of a side-impact collision, are also expected to gain traction in the coming years. Knee airbags, which protect the driver's knees in the event of a frontal collision, are expected to witness moderate growth. Other deployment mechanisms, such as seat-mounted airbags and inflatable seat belts, are expected to account for a small share of the market.

Automotive Airbag Parts Market Airbag Type Insights  

The Global Automotive Airbag Parts Market revenue is projected to reach USD 15.2 billion by 2032, exhibiting a CAGR of 4.03% during the forecast period. Segmentation by Airbag Type: Single-stage airbags held the largest market share in 2023, accounting for over 55% of the global revenue. These airbags deploy at a single, predetermined rate, providing a cost-effective solution for entry-level vehicles. Dual-stage airbags, which deploy at two different rates depending on the severity of the collision, are expected to witness significant growth over the forecast period due to their enhanced safety features. Multi-stage airbags, designed to deploy at multiple rates and offer tailored protection based on occupant weight and position, are gaining traction in the luxury and premium vehicle segments.

Automotive Airbag Parts Market Sales Channel Insights  

The Global Automotive Airbag Parts Market is segmented into OEM and Aftermarket sales channels. The OEM segment accounted for a larger market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of the OEM segment is attributed to the increasing production of new vehicles and the rising demand for safety features. The Aftermarket segment is also expected to witness significant growth during the forecast period, owing to the increasing number of vehicles on the road and the rising demand for replacement parts.

Automotive Airbag Parts Market Regional Insights  

The Automotive Airbag Parts Market holds significant regional variations in terms of market growth and adoption rates. North America has been a major market for automotive airbag parts, driven by stringent safety regulations and high vehicle production volumes. The region is expected to maintain its dominance in the coming years, with a market value of USD 4.1 billion in 2024.

Europe is another key region characterized by a mature automotive industry and strong consumer demand for safety features. The European market is projected to reach a value of USD 3.2 billion in 2024. APAC is poised for rapid growth in the automotive airbag parts market, supported by increasing vehicle production and rising safety awareness in emerging economies. The region is estimated to reach a value of USD 2.8 billion in 2024. South America and MEA are expected to experience steady growth in the coming years, driven by government regulations and increasing vehicle ownership rates.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Automotive Airbag Parts Market Key Players And Competitive Insights:

Major players in the Automotive Airbag Parts Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and forming strategic partnerships. Leading Automotive Airbag Parts Market players are focusing on developing innovative and advanced airbag parts to meet the evolving safety regulations and consumer demand for enhanced protection.

The Automotive Airbag Parts Market development is driven by technological advancements, such as the integration of sensors, microprocessors, and inflators, which improve the efficiency and reliability of airbag systems. The Automotive Airbag Parts Market Competitive Landscape is highly fragmented, with a mix of established global players and regional suppliers. Key players are adopting strategies such as acquisitions, mergers, and joint ventures to strengthen their market position and expand their geographic reach.

A leading company in the Automotive Airbag Parts Market is Autoliv, a global supplier of automotive safety systems. The company has a strong presence in various regions and offers a comprehensive range of airbag parts, including inflators, sensors, and control units. Autoliv has a track record of innovation and has introduced advanced technologies such as dual-stage airbags and side curtain airbags. The company's focus on safety and quality has earned it a strong reputation among automakers and consumers.A competitor company in the Automotive Airbag Parts Market is TRW Automotive, which is now part of ZF Friedrichshafen AG. TRW is a leading provider of automotive parts and systems, including airbags, seat belts, and steering systems. The company has a global presence and supplies its products to major automakers worldwide. TRW's airbag parts are known for their reliability and performance, and the company has a strong commitment to research and development. The company's focus on innovation and customer satisfaction has helped it maintain a strong position in the Automotive Airbag Parts Market.

Key Companies in the Automotive Airbag Parts Market Include:

• TOKAI RIKA CO., LTD.


• Hyundai Mobis


• Faurecia SE


• Takata Corporation


• BENTELER International AG


• Toyoda Gosei Co., Ltd.


• Continental AG


• Marelli Holdings Co., Ltd.


• SQM


• Ogihara Corporation


• ZF Friedrichshafen AG


• Autoliv, Inc.


• TRW Automotive Holdings Corp.


• Denso Corporation


• Magna International Inc.

Automotive Airbag Parts Market Industry Developments

The global automotive airbag parts market is projected to reach USD 15.2 billion by 2032, exhibiting a CAGR of 4.03% during the forecast period (2024-2032). Rising concerns for passenger safety, stringent government regulations mandating airbags in vehicles, and advancements in airbag technology drive market growth. Additionally, increasing vehicle production, particularly in emerging economies, and the growing popularity of electric vehicles contribute to market expansion. Key industry developments include collaborations between airbag manufacturers and automakers to develop innovative airbag systems and the adoption of lightweight materials to enhance fuel efficiency. The market is also witnessing technological advancements, such as the integration of sensors and electronics for improved airbag deployment and performance.

Automotive Airbag Parts Market Segmentation Insights

• Automotive Airbag Parts Market Component Outlook


• Airbag Modules


• Airbag Sensors


• Airbag Fabrics


• Airbag Inflator


• Other Components


• Automotive Airbag Parts Market Vehicle Type Outlook


• Passenger Cars


• Commercial Vehicles


• Two and Three Wheelers


• Automotive Airbag Parts Market Deployment Mechanism Outlook


• Frontal Airbags


• Side Airbags


• Curtain Airbags


• Knee Airbags


• Other Deployment Mechanisms


• Automotive Airbag Parts Market Airbag Type Outlook


• Single-Stage Airbags


• Dual-Stage Airbags


• Multi-Stage Airbags


• Automotive Airbag Parts Market Sales Channel Outlook


• OEM


• Aftermarket


• Automotive Airbag Parts Market Regional Outlook


• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa