Automotive Airbag Sensor Market Share

Automotive Airbag Sensor Market Overview

Automotive Airbag Sensor Market Size was valued at USD 3.5 Billion in 2022. The Automotive Airbag Sensor market industry is projected to grow from USD 3.7 Billion in 2023 to USD 6.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.36% during the forecast period (2023 - 2032). Growing use of airbags in trucks and light commercial vehicles (LCV) due to the automotive industry, are the key market drivers enhancing the market growth.

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

Automotive Airbag Sensor Market Trends

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  Growing automobile industry is driving the market growth

  
  

The need for airbags used in trucks and light commercial vehicles (LCV) is the main factor driving the market for air bag sensors. The need for airbags in cars is rising as fatal accident rates rise. For instance, the association for safe international road travel estimates that there are 3,287 fatalities attributed to traffic accidents per day. In order to improve facilities for people's safety, automakers are concentrating on including safety features in their models of vehicles. For instance, the European automaker will receive knee airbags by 2019, according to a statement from German auto part producer ZF Friedrichshafen AG.

Significantly fueling market expansion is increased car safety with additional airbags. Over a million people die as a result of traffic accidents every year. By exercising caution and putting safety systems in cars, these fatalities can be reduced. One of the safety features in cars that can lessen the amount of accidents-related injuries and fatalities is the airbag. The sides of automobile doors, the front instrument panel, and steering wheels all include these airbags.

Even if a driver forgets to fasten their seatbelt, the airbag will keep them from hitting their head in the case of a collision. Government agencies have enforced regulations on the automotive sectors requiring the installation of airbag safety modules in car models due to the benefits of airbag systems in automobiles. The effectiveness of the sensors employed to manufacture these safety modules is their sole determinant. The air bags are set triggered by sensors, which also properly measure the collision's impact. Due to their extensive use in last-mile connectivity, distribution of goods, and transportation of lightweight construction materials, LCVs have a high demand for airbags. Additionally, a rise in per capita income and a quickening of urbanization have increased the use of automobiles globally. For instance, the sales or registration of new passenger cars increased to 69.5 million units in 2016 from 66.3 million units, according to the International Organization of Motor Vehicle Manufacturers. Thus, driving the Automotive Airbag Sensor market revenue.

Automotive Airbag Sensor Market Segment Insights

Automotive Airbag Sensor Types of Airbags Insights

The Automotive Airbag Sensor Market segmentation, based on Types of Airbags, includes side, knee, rear, and front. In 2022, the front segment had the biggest market share, and it is anticipated that it would continue to hold that position during the forecast period. This is explained by the high frontal airbag penetration rate in passenger cars.

Automotive Airbag Sensor Mode of Sensors Insights

The Automotive Airbag Sensor Market segmentation, based on Mode of Sensors, includes mechanical and electrical. Due to technological developments in the type of sensors used in new generation cars, the electrical category had the greatest market share in 2022.

Automotive Airbag Sensor Types of Sensors Insights

The Automotive Airbag Sensor Market segmentation, based on Types of Sensors, includes accelerometer, impact, pressure, tachometers, brake sensors, and gyroscopes. Due to rising consumer awareness of the importance of child and passenger safety in automobiles, the impact category led the worldwide automotive airbag sensor market in 2022.

Automotive Airbag Sensor Application Insights

The Automotive Airbag Sensor Market segmentation, based on Application, includes cars, motor bikes, air planes, spacecraft, and military. In 2022, the cars segment had the biggest market share worldwide. This can be attributable to the rise in front-end collision-related fatalities and injuries. Government mandates for driver safety are also anticipated to support market growth during the projection period.

Figure 1: Automotive Airbag Sensor Market, by Application, 2022 & 2032 (USD Billion)

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

Automotive Airbag Sensor Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Automotive Airbag Sensor Market dominated this market in 2022. During the forecast period, market growth in the region is anticipated to be fueled by the presence of strict regulations and norms as well as a high rate of traffic accidents. Additionally, it is anticipated that high levels of vehicle production and sales, particularly of luxury vehicles, will favorably impact market expansion. Further, the U.S. Automotive Airbag Sensor market held the largest market share, and the Canada Automotive Airbag Sensor market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Automotive Airbag Sensor Market Share By Region 2022 (Usd Billion)

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

Europe Automotive Airbag Sensor market accounts for the second-largest market share, due to the swelling demand for safety features in vehicles and the rising number of regulations on vehicle safety. Further, the German Automotive Airbag Sensor market held the largest market share, and the UK Automotive Airbag Sensor market was the fastest growing market in the European region

 The Asia Pacific Automotive Airbag Sensor market is expected to register significant growth from 2023 to 2032. The increasing need for driver and passenger safety, increased vehicle production, and expanding use of passive and active safety technologies are all contributing factors. Moreover, China’s Automotive Airbag Sensor market held the largest market share, and the Indian Automotive Airbag Sensor market was the fastest growing market in the Asia-Pacific region.

Automotive Airbag Sensor Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Airbag Sensor market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Airbag Sensor industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Automotive Airbag Sensor industry to benefit clients and increase the market sector. In recent years, the Automotive Airbag Sensor industry has offered some of the most significant advantages to medicine. Major players in the Automotive Airbag Sensor market, including Autoliv Inc., Continental AG, Denso Corporation, Freescale Semiconductor, Key Safety Systems, Mitsubishi Electric Co., Ltd., Robert Bosch Corporation, Takata Corporation, Toyoda Gosei, and TRW Automotive, are attempting to increase market demand by investing in research and development operations.

The automobile firm Continental AG (Continental) produces and sells brake systems, powertrain and chassis systems, vehicle electronics, instruments, infotainment solutions, tires, and technical elastomers. For a variety of customers, including those who own passenger cars, trucks, buses, and vehicles used on construction sites as well as special vehicles, bicycles, and motorbikes, the company also sells tires and offers tire repair services. Under the Elektrobit, VDO, Uniroyal, Phoenix, Matador, and other brands, Continental markets its products. Customers from Asia, Europe, North America, and other continents are catered to by the company. North America, Africa, South America, Europe, Asia, and Australia are the continents where it has operational facilities. The headquarters of Continental are in Hannover, Niedersachsen, Germany. The production of one million Airbag Control Units (ACUs) at Continental's Bengaluru factory accomplished a significant milestone in December 2021.

The company Mitsubishi Electric Corp. creates, produces, and sells electrical and electronic equipment. Among the products offered by the company are turbine generators, nuclear power plant, and power electronics equipment, as well as motors, transformers, circuit breakers, gas-insulated switchgear, switch control, and display devices. Additionally, it offers building security and management systems, escalators, elevators, electrical equipment for locomotives and rolling stock, transmission and distribution systems, and more. The business offers a variety of services, including logistics, finance, real estate, and advertising. Mitsubishi Electric provides services to the information processing and communications, satellite communications, consumer electronics, industrial technology, construction equipment, energy, and transportation industries. The business conducts business throughout the CIS, the Americas, the Asia-Pacific, Europe, Middle East, and Africa. The headquarters of Mitsubishi Electric are located in Chiyoda-Ku, Tokyo, Japan. Mitsubishi Electric stated in October 2019 that a new car component manufacturing would be established in Gujarat.

Key Companies in the Automotive Airbag Sensor market include

• Autoliv Inc.


• Continental AG


• Denso Corporation


• Freescale Semiconductor


• Key Safety Systems


• Mitsubishi Electric Co., Ltd.


• Robert Bosch Corporation


• Takata Corporation


• Toyoda Gosei


• TRW Automotive

Automotive Airbag Sensor Industry Developments

September2022 In order to improve road safety, DENSO Corporation has revealed that it has increased the detecting angle of its vision sensor. This will enable the sensor to better identify bicycles and pedestrians around a moving vehicle. Some versions of the Subaru Legacy Outback, which was unveiled on April 13, 2022 for the North American market, and the brand-new Subaru Crosstrek*1, which was unveiled on September 15, 2022 for the Japanese market, both use the vision sensor.

Automotive Airbag Sensor Market Segmentation

Automotive Airbag Sensor Types of Airbags Outlook

• Side


• Knee


• Rear


• Front

Automotive Airbag Sensor: Mode of Sensors Outlook

• Mechanical


• Electrical

Automotive Airbag Sensor Types of Sensors Outlook

• Accelerometer


• Impact


• Pressure


• Tachometers


• Brake Sensors


• Gyroscopes

Automotive Airbag Sensor Application Outlook

• Cars


• Motor bikes


• Air planes


• Spacecraft


• Military

Automotive Airbag Sensor Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America