Asia Pacific Airbag
Market
Share, Trends, Analysis,
Research, Report,
Opportunities,
Segmentation and
Forecast,
2014
Future Market Insights
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Report
Description
Report Description
Airbags are driver safety devices deployed in vehicles to provide cushioning and protection
to passengers in the event of crashes/accidents. The bag is made of thin nylon fabric, and is
folded into the dashboard, steering wheel, seat, roof or door. The crash sensor sends a
message to inflate the bag in case of collision, while the inflation system helps in
immediate inflation of air bag inside the passenger cabin.
The global market for airbags is expected to grow by a double-digit CAGR in the next six
years. North America is leads the market followed by Europe and Asia Pacific. Due to
advancements in technology, U.S is one of the largest markets for air bags. European
countries are on the verge of economic recovery and are expected to show decent market
growth in coming years.
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Key drivers for the global airbag industry are government regulations, increasing concern
for passenger safety, development of roll over and side impact systems, increased
sophistication of safety systems, and increasing adoption of safety systems across all the
segments of passenger vehicles.
The Asia Pacific region is expected to witness high growth in the near future due to
increasing domestic demand for automobiles. Growing concerns over safety and increasing
incorporation of safety systems, particularly airbags, in the compact car segment are
driving growth in the market.
Report
Description
Report Description
Additionally, some of the key programs that rate vehicles based on their safety
performance, such as the new car assessment program (NCAP) are also fuelling the growth
of the airbag market in Asia Pacific....