Middle East & Africa Airbag Systems Market

Middle East & Africa Airbag Systems Market by Component Types (Airbag Modules, Crash Sensors, Monitoring Unit, and Others), Vehicle Types (Passenger Cars and Commercial Vehicles), Coating Types (Neoprene Coated, Non-coated, Silicone Coated, and Others), and Geography (Saudi Arabia, The UAE, Egypt, South Africa, and Rest of Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-3415
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 1
  • No. Of Pages: 211
  • Format:
  • Pub. Date: Upcoming
  • Share:

The Middle East & Africa airbag systems market size is anticipated to expand at a substantial CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising consumer awareness toward vehicle safety.

Middle East & Africa Airbag Systems Market Key Takeaways

Airbags are one of the most important safety innovations of recent decades. Nitrogen gas is used in airbags. An airbag is a type of vehicle safety device instantly deployed during a crash and deflate itself after the accident. It consists of the airbag cushion, a flexible fabric bag, an inflation module, and an impact sensor. The airbag deployment is controlled by sensors that detect the occurrence and severity of a crash. The airbag system consists of three basic parts such as an airbag module, crash sensors, and a diagnostic unit.

During COVID-19 pandemic, various travel restriction on by government state bodies led to labor shortages in the automotive industry, which in turn, has affected the supply chain to vital areas and market.

Market Trends, Drivers, Restraints, and Opportunities

  • Changing consumer lifestyle is projected to boost the market growth.
  • Rising urbanization is projected to boost the market growth.
  • New government rules to improve passengers’ safety is estimated to spur the market growth in the coming years.
  • Growing sale and production of commercial and passenger vehicles travel is estimated to spur the market growth in the coming years.
  • Rapid growth of the automobile sector and competition among car manufacturers is anticipated to drive the market growth during the forecast period.
  • Rising number of road accidents is projected to boost the market growth.
  • High costs associated with installing airbag system is a major factor restraining the market growth in the coming years.
  • Issues related to the product's reliability can restraint the market growth.
  • Increasing demand for safety systems can create lucrative opportunities in the market growth.

Scope of the Report

The report on the Middle East & Africa 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 - Middle East & Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

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

Geographical Scope

Saudi Arabia, The UAE, Egypt, South Africa, and Rest of Middle East & Africa

Report Coverage

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

Key Players Covered in the Report

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

Middle East & Africa Airbag Systems Market Segment Insights

Crash sensors segment to hold a significant market share

Based on component types, the market is divided into airbag modules, crash sensors, monitoring unit and others. The airbag modules segment is anticipated to hold a key share of the market in the coming years due to increased sensitivity of the moving vehicle by placing the integrated control module in the vehicle’s center of gravity. Traditional airbag systems have adopted mechanical airbag sensors, such as mass and roller type sensors. However, the crash sensors segment is anticipated to expand at a rapid pace during the forecast period, as it help drivers reverse vehicles into tight parking spaces and unfamiliar docks.

Commercial vehicles segment is projected to expand at a considerable CAGR

On the basis of vehicle types, the market is segregated into passenger vehicles and commercial vehicles. The passenger vehicles segment is anticipated to hold a key share of the market in the coming years due to convenient mode of transportation. On the other hand, the commercial vehicles segment is anticipated to expand at a rapid pace during the forecast period owing to rapid growth of the e-commerce industry.

Middle East & Africa Airbag Systems Market By Vehicle Types

Silicone coated segment is anticipated to constitute a key market share

Based on coating types, the market is divided into neoprene coated, non-coated, silicone coated, and others. The neoprene coated segment is expected to constitute a key share of the market during the forecast period. This type of coating provides a thermal barrier on the airbags to protect the fabric from the high temperature burst associated with ignition of the gas upon deployment. On the other hand, the silicone coated segment is projected to constitute a major market share during the forecast period, as it offers high resistance to heat and pressure, which protects the airbag from damage caused by metal pieces caused by explosion of the metal canister to inflate the airbag. Moreover, silicone coated airbags are sturdy and efficient.

Middle East & Africa Airbag Systems Market By Coating Types

Egypt is estimated to account a major market share

In terms of regions, the Middle East & Africa airbag systems market is classified as Saudi Arabia, the UAE, Egypt, South Africa, and Rest of Middle East & Africa. South Africa is expected to constitute a key share of the market during the projected period due high purchasing power and higher awareness about safety systems. However, the market in Egypt is anticipated expand at a rapid pace during the forecast period owing to rise in safety concerns and increase in sales of premium motorcycles.

Segments

Segments Covered in the Report
The Middle East & Africa airbag systems market has been segmented on the basis of

Component Types
  • Airbag Modules
  • Crash Sensors
  • Monitoring Unit
  • Others
Vehicle Types
  • Passenger Cars
  • Commercial Vehicles
Coating Types
  • Neoprene Coated
  • Non-coated
  • Silicone Coated
  • Others
Geography
  • Saudi Arabia
  • The UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa
Key Players
  • Autolive Inc.
  • Continental AG
  • Hyundai Mobis
  • Denso Corporation
  • Robert Bosch GmbH.

Competitive Landscape

Key players competing in the Middle East & Africa airbag systems market includes Autolive Inc.; Continental AG; Hyundai Mobis; Denso Corporation; and Robert Bosch GmbH.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Middle East & Africa Airbag Systems Market By Key Players

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. Autolive Inc. Continental AG Hyundai Mobis Denso Corporation Robert Bosch GmbH.
Segments Covered in the Report
The Middle East & Africa airbag systems market has been segmented on the basis of

Component Types
  • Airbag Modules
  • Crash Sensors
  • Monitoring Unit
  • Others
Vehicle Types
  • Passenger Cars
  • Commercial Vehicles
Coating Types
  • Neoprene Coated
  • Non-coated
  • Silicone Coated
  • Others
Geography
  • Saudi Arabia
  • The UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa
Key Players
  • Autolive Inc.
  • Continental AG
  • Hyundai Mobis
  • Denso Corporation
  • Robert Bosch GmbH.

Key players competing in the Middle East & Africa airbag systems market includes Autolive Inc.; Continental AG; Hyundai Mobis; Denso Corporation; and Robert Bosch GmbH.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Middle East & Africa Airbag Systems Market By Key Players

Buy Report