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Germany Airbag Systems Market Size, Growth Forecast | 2031
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Germany Airbag Systems Market Size, Growth Forecast | 2031

Segments - Germany Airbag Systems Market by Component Types (Airbag Module, Monitoring Unit, Crash Sensors, and Others), Vehicle Types (Passenger Cars and Commercial Vehicles), and Coating Types (Neoprene-coated, Silicon-coated, Non-coated, and Others) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-1569 | 4.5 Rating | 62 Reviews | 192 Pages | Format : PDF Excel PPT

Report Description


Germany Airbag Systems Market Outlook 2031

The Germany airbag systems market size was USD 1.80 Billion in 2022 and is projected to reach USD 2.94 Billion by 2031 expand at a considerable CAGR 5.6% during the forecast period, 2023–2031. The growth of the market is attributed to the high contribution of the automobile industry to the national economic GDP and presence of several large original equipment manufacturers such as Audi, Volkswagen and BMW in the region.

An airbag is a vehicle occupant restraint system that uses an airbag that expands faster during a collision and then ruptures quickly. In the event of an accident, the collision sensor inside the vehicle provides information to the airbag electronics unit (ECU), including the type of collision.

Germany Airbag Systems Market Outlook

The collision algorithm of the airbag ECU uses this information to determine whether the collision event meets all triggering criteria. And activate multiple ignition circuit to deploy one or more airbag modules in the vehicle.

  • Growing awareness among drivers for vehicle safety features and rising disposable income demands for high-end safety features is expected to boost the market during the forecast period.
  • Rapid growth of the automotive industry owing to increasing sales of passenger vehicles and demand for safety features is major factors fuelling the market.
  • Strict government regulations for vehicle safety are anticipated to drive the market during the forecast period.
  • High costs of installation and maintenance of airbag systems are expected to hinder the market growth.
  • Injury risk and product reliability concerns act as major challenges that can restrict the market in the coming years.
  • R&D investment and technological advancement in airbags systems for preventing major injuries to driver and passengers and development of advanced crash sensors is projected to offer lucrative opportunities for the market players.

Scope of the Germany Airbag Systems Market Report

The report on the Germany airbag systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Airbag Systems Market - Germany Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Component Types (Airbag Module, Monitoring Unit, Crash Sensors, and Others), Vehicle Types (Passenger Cars and Commercial Vehicles), and Coating Types (Neoprene-coated, Silicon-coated, Non-coated, and Others)

Geography

Germany

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Hyundai Mobis; Denso Corporation; Autoliv Inc.; Robert Bosch GmbH; and Continental AG

Germany Airbag Systems Market Segment Insights

The airbag module segment is projected to represent a major market share

Based on component types, the Germany airbag systems market is divided into airbag module, monitoring unit, crash sensors, and others. The airbag module segment is expected to represent a key share of the market during the forecast period owing to the main function of airbag module is receiving information from the collision sensor, which is transmitted to airbag sensor to deploy the airbag.

The airbag module is a computer that stores information in order to store crash data in the airbag module in the event of a collision. Many domestic manufacturers have invested heavily in the research and development of airbag modules in order to shorten the response time of the airbag system and improve the safety of the occupants in the car.

Germany Airbag Systems Market component Types

The passenger cars segment is expected to grow at a significant pace

In terms of vehicle types, the market is bifurcated into passenger cars and commercial vehicles. The passenger cars segment is expected to hold a key share of the market during the forecast period owing to the European Union changed its emission standards from January 2020 and introduced more stringent carbon dioxide emissions limits, automakers increased their car sales in the country and offered attractive vehicles to buyers of classic cars.

The entire German new car market grew by 5.1%. The country has long imposed strict safety regulations on automobiles with the car's high standards and safety ratings. The test requirements for the maximum score have been constantly changing in recent years. Automakers must meet important new requirements in many areas to receive the highest rating (5 stars).

Germany Airbag Systems Market Vehicle Types

The silicon-coated segment is anticipated to expand at a rapid CAGR

On the basis of coating types, the Germany airbag systems market is divided into neoprene-coated, silicon-coated, non-coated, and others. The silicon-coated segment is expected to account for a key share of the market during the forecast period owing to rising demand for silicone-coated airbag systems. It also has a high level of heat resistance and pressure resistance, thereby protecting the airbag from various types of damage.

Segments

 

The Germany airbag systems market has been segmented on the basis of

Component Types

  • Airbag Module
  • Crash Sensors
  • Monitoring Unit
  • Others

Vehicle Types

  • Passenger Cars
  • Commercial Vehicles

Coating Types

  • Neoprene-coated
  • Silicon-coated
  • Non-coated
  • Others

Key Players

Competitive Landscape

Key players competing in the Germany airbag systems market include Hyundai Mobis; Denso Corporation; Autoliv Inc.; Robert Bosch GmbH; and Continental AG
Some of these players are using several market strategies including mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Germany Airbag Systems Market key players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Airbag Systems Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Airbag Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Airbag Systems Market - Supply Chain
  4.5. Global Airbag Systems Market Forecast
     4.5.1. Airbag Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Airbag Systems Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Airbag Systems Market Absolute $ Opportunity
5. Global Airbag Systems Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Airbag Systems Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Airbag Systems Demand Share Forecast, 2019-2026
6. North America Airbag Systems Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Airbag Systems Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Airbag Systems Demand Share Forecast, 2019-2026
7. Latin America Airbag Systems Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Airbag Systems Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Airbag Systems Demand Share Forecast, 2019-2026
8. Europe Airbag Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Airbag Systems Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Airbag Systems Demand Share Forecast, 2019-2026
9. Asia Pacific Airbag Systems Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Airbag Systems Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Airbag Systems Demand Share Forecast, 2019-2026
10. Middle East & Africa Airbag Systems Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Airbag Systems Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Airbag Systems Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Airbag Systems Market: Market Share Analysis
  11.2. Airbag Systems Distributors and Customers
  11.3. Airbag Systems Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Hyundai Mobis
     11.4.2. Denso Corporation
     11.4.3. Autoliv Inc.
     11.4.4. Robert Bosch GmbH
     11.4.5. Continental AG

Methodology

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