The Asia-Pacific Airbag Systems Market Research Report 2020 to 2025 presents an in-depth assessment of the Station Asia-Pacific Airbag Systems It provides the industry overview with market growth analysis with a historical & futuristic perspective considering the following parameters; cost, revenue, demands, and supply data (as applicable). The bottom-up approach was used to estimate the global market size of Station Asia-Pacific Airbag Systems based on end-use applications in the various regions, in terms of USD million. The report covers the historic growth of the market, the impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Asia-Pacific Airbag Systems investments from 2020 to 2025.
Top Companies in the Global Asia-Pacific Airbag Systems Market:
Hyundai_Mobis, ZF Friedrichshafen, Autoliv, DENSO Corporation, Toshiba Corporation, Key Safety Systems, Continental AG
The Asia-Pacific airbag system market is expected to register a CAGR_over 10% during_the forecasted period (2020 – 2025)
Every day around 3,700 people are killed globally in road traffic crashes involving cars and busses. Road traffic injuries are the leading cost of deaths for children and young adults aged 5-29 years._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 of many countries has_made usage of seat belts and airbags mandatory._In 2019, The_EU and_Indian Government made it mandatory to have airbags and seat belt reminders.
CoVid-19 has a huge impact on the automotive airbag and seatbelt market as the_automobile_sales are very low._However_after_easing the lockdown, in the forecasted period the sales will increase substantially_which will help the market grow.
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Raising demand for safety_will fuel market growth
The global automotive industry is rising, and most economies started gaining momentum. By 2025 many developing countries are expected to have_a high_demand for cars, and improving the economy means more commercial vehicle sales. In 2025, the emerging markets are expected to account for 78 million vehicles, which developed economies will account for 34 million vehicle sales._With government regulations in place and customer demand for vehicle safety, this market is expected to grow.
Curtain airbags are the fastest-growing segment of the automotive airbag and seatbelt industry. They_are mounted_on side_of seat_or the door, usually on the roof above the side window. In_the_event of_a_crash, curtain airbags are used to protect the adult’s head. It has been proven that curtain airbags reduce the driver fatality risk by 45%. Recently there has been_a growing demand for pedestrian airbags. These are automatically deployed when_an_automobile_is about to collide with a pedestrian. Increasing income levels and awareness about safety is expected to drive this market in the coming years._The Transport Ministry of India announced that from 1st July 2019 onwards_car manufacturers_must install essential safety features.
Making profits in Price_Sensitive_Market
The automotive industry in most of the world is_the_price-sensitive market,_and_customers look for speed and aesthetics. But their is_a_trend of demand_for_more safety. OEMs are struggling to find_a_balance between cost, performance,_and safety._OEMs have started offering driver airbags as a basic feature owing to regulatory bodies_which previously came with additional cost._All the premium cars are equipped with_airbags including knee airbags, rear passenger airbags, and more.__There have been many instances where vehicles_were recalled back due to faulty airbags and seatbelts._From 2000 to 2016,_At least_22 people died from the defective Takata airbags,_and hundreds have been injured due to exploding inflators._Takata Corporation filed for bankruptcy after recalling the malfunctioning airbags. Key Safety Systems has acquired this company._Key Safety Systems (KSS) has developed Inflatable Seat Belts,_which can protect the shoulder and torso area on inflation._Besides, they are capable of being deployed within as less as 40 milliseconds in_the_event of_a_crash
Regions Are covered By Asia-Pacific Airbag Systems Market Report 2020 To 2025.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada, and Mexico).
Europe (Germany, France, UK, Russia, and Italy).
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia).
The report has 150 tables and figures browse the report description and TOC
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Asia-Pacific Airbag Systems Market
-Changing the Asia-Pacific Airbag Systems market dynamics of the industry
-In-depth market segmentation by Type, Application, etc.
-Historical, current and projected Asia-Pacific Airbag Systems market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of the Asia-Pacific Airbag Systems Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Asia-Pacific Airbag Systems market:
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– Where are the greatest dangers?
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All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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