Latin America Airbag Systems Market

Latin America Airbag Systems Market

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akash

Author :

Akash Vedpathak

Amulya

Fact-checked by :

Amulya Agarwal

Shreyas

Editor :

Shreyas Tandon

The Latin America airbag systems market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 6% during 2023–2031.Growth of the market is attributed to various advancement in vehicle passive safety systems and growing desire for a safer, more efficient, and convenient driving experience.

Latin America Airbag Systems Market Outlook

During a collision, an airbag is a car occupant-restraint system that uses a bag that expands fast before immediately collapsing. Because of continuing and creative advancements in airbag technology, the efficacy of these airbags in reducing thus the impact of collisions has improved. Between the vehicle's occupants and the steering wheel, device panel, body pillar, headliner, and windshield, airbag provides a more energy-absorbing surface. During a collision, the airbag electronic controller unit (ECU) receives important data from the vehicle's crash sensors, such as collision type, angle, and impact severity.

The airbag ECU's crash algorithm uses this information to evaluate if the collision event meets all of the requirements for deployment and then activates various igniting circuits to deploy one or more airbag modules within the car. The majority of contemporary cars with side-curtain airbags also have side-torso airbags.

They are usually found in the seat or door panel. These airbags are designed to decrease the risk of pelvic and lower abdominal injuries. The automobile sector has contracted due to supply chain disruption caused by the suspension of transportation and shipping services, as well as low demand for vehicles.

Market Trends, Drivers, Restraints, and Opportunities

  • Rise in customer awareness of car safety features is anticipated to propel the market during the forecast period.

  • Increasing disposable income is key factor fueling the market.

  • 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 is expected to create immense opportunities for the market players.

Scope of the Report

The report on the Latin America 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

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

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Airbag Type (Curtain, Front, Knee, and Others), Automobile Type (Passenger Cars and Commercial Vehicle)

Geographical Scope

Latin America

Report Coverage

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

Key Players Covered in the Report

Continental AG, ZF Friendrichshafen AG, Hyundai Mobis Co Ltd, Autoliv Inc, and Denso Corporation.

Market Segment Insights

The curtain segment is projected to hold a major market share

On the basis of airbag type, the Latin America airbag systems market is fragmented into curtain, front, knee, and others. The curtain segment is expected to represent a key share of the market during the forecast period. The curtain segment is the rapid growing segment among automobile airbag and seatbelt industry. They're generally installed on the roof above the side window, on the side of the seat or the door. Curtain airbags protect the adult's head in the case of a collision. Curtain airbags have reduced the probability of a driving death by 45 percent. There has been an increase in the need for pedestrian airbags recently. When a car is going to crash with a pedestrian, these are immediately deployed.

Latin America Airbag Systems Market Airbag Type

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

On the basis of automobile type, the Latin America airbag systems market is bifurcated into passenger cars and commercial vehicle. The passenger cars segment is expected to constitute a key share of the market during the forecast period. Growth of the market is attributed to improved lifestyles, increasing consumer spending power, and infrastructural development. In most countries, airbags and seatbelts are included as standard equipment in passenger automobiles to reduce the number of fatalities caused by accidents. Each year, the number of passenger vehicles manufactured exceeds the number of commercial vehicles. The total number of airbags installed in sedans, utility vehicles, and sedans exceeds the total number of airbags deployed in commercial vehicles. The inclusion of airbags as a standard feature in the majority of passenger vehicles is one of the elements driving the segment. Passenger car adoption is being aided by rising disposable income and the availability of more convenient financing options.

Latin America Airbag Systems Market Automobile Type

Segments

The Latin America airbag systems market has been segmented on the basis of

Airbag type

  • Curtain
  • Front
  • Knee
  • Others

Automobile type

  • Passenger Cars
  • Commercial Vehicle

Key Players

  • Continental AG
  • ZF Friendrichshafen AG
  • Hyundai Mobis Co Ltd
  • Autoliv Inc
  • Denso Corporation

Competitive Landscape

Key players competing in the Latin America airbag systems market include Continental AG, ZF Friendrichshafen AG, Hyundai Mobis Co Ltd, Autoliv Inc, and Denso Corporation.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

There has been a significant advancement in roof-mounted airbags. Dual-stage airbags, which are positioned between the seat belt and the front seat, have made significant progress. These airbags are intended to protect children and adults from injury during a crash.

Latin America Airbag Systems Market Keyplayers

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 Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Airbag Systems Market Size and Volume Forecast by Types
     5.3.1. Curtain
     5.3.2. Front
     5.3.3. Knee
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Airbag Systems Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Airbag Systems Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Airbag Systems Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Airbag Systems Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Airbag Systems Market Size and Volume Forecast by Types
     7.4.1. Curtain
     7.4.2. Front
     7.4.3. Knee
     7.4.4. Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Airbag Systems Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
  8.2. Latin America Airbag Systems Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Airbag Systems Market Size and Volume Forecast by Types
     8.4.1. Curtain
     8.4.2. Front
     8.4.3. Knee
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Airbag Systems Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Airbag Systems Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Airbag Systems Market Size and Volume Forecast by Types
     9.4.1. Curtain
     9.4.2. Front
     9.4.3. Knee
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Airbag Systems Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Airbag Systems Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Airbag Systems Market Size and Volume Forecast by Types
     10.4.1. Curtain
     10.4.2. Front
     10.4.3. Knee
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Airbag Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Airbag Systems Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Airbag Systems Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Airbag Systems Market Size and Volume Forecast by Types
     11.4.1. Curtain
     11.4.2. Front
     11.4.3. Knee
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Airbag Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Airbag Systems Market: Market Share Analysis
  12.2. Airbag Systems Distributors and Customers
  12.3. Airbag Systems Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Continental AG
     12.4.2. ZF Friendrichshafen AG
     12.4.3. Hyundai Mobis Co Ltd
     12.4.4. Autoliv Inc
     12.4.5. Denso Corporation

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