China Airbag System Market Introduction and Overview
According to SPER Market Research, the China Airbag System Market is estimated to reach USD 30.84 billion by 2033 with a CAGR of 8.02%.
The report includes an in-depth analysis of the China Airbag System Market, including market size and trends, product mix, distribution channels, and supplier analysis. Airbag systems are important safety elements built into modern vehicles to reduce the severity of collisions and protect occupants from damage. These systems, which include of sensors, control modules, and inflatable bags, inflate quickly when a collision is detected, creating a cushioning barrier between occupants and the vehicle's interior. The sensors, which are normally distributed throughout the car, detect rapid changes in acceleration or deceleration, notifying the control module to release the airbags. When activated, the airbags expand in milliseconds, absorbing the energy of the crash and decreasing the force felt by occupants.
- Tesla announced on Weibo in August 2022 that the additional airbag would be added to the China-made Model Y. The type Y includes remote airbags as standard equipment to ensure your overall travel safety.
- Toyoda Gosei Co., Ltd. created a driver-side airbag with a new structure in July 2021. To lessen spin during angled frontal impacts, the redesigned airbag cradles and holds the head using a donut-shaped construction.
Market Opportunities and Challenges
Opportunities: The China automotive airbag market is being driven by expanding customer awareness of safety and increasing regulatory requirements surrounding vehicle safety. Additionally, the introduction of more bags per car, vehicle production, and the rise in side-impact and curtain airbag penetration are the main factors propelling the growth of the China airbag inflator market. Furthermore, Given the nation's growing automotive industry and growing emphasis on vehicle safety, the airbag systems market in China offers a wealth of future opportunities. Modern safety measures like airbag systems are required since there is a strong demand for cars, especially passenger cars, due to the expanding middle class and increased disposable incomes. Furthermore, the industry is growing because of strict government laws requiring cars to have safety features installed.
Challenges: The market for airbag systems in China is confronted with multiple challenges. The regulatory environment's complexity is one major obstacle. Government laws require safety equipment like airbag systems to be installed in cars, but it can be difficult for manufacturers to keep up with the constantly changing standards and guarantee compliance. Furthermore, the market's prevalence of fake goods jeopardizes consumer safety significantly and damages the standing of respectable producers. In light of this, ensuring the legitimacy and caliber of airbag systems becomes imperative.
Market Competitive Landscape
Many foreign and local companies, including Robert Bosch GmbH, ZF, joys on safety systems, Autoliv Inc., and Others, dominate the China airbag systems market. The main producers of airbag systems are forming alliances and joint ventures in order to introduce more advanced models, even though this gives them a competitive advantage over rivals.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Airbag Type, By Inflator Type, By Vehicle Type
|
| Regions covered | Eastern Region, Western Region, Southern Region, Northern Region
|
| Companies Covered | Robert Bosch GmbH, Continental AG, Denso Corporation, Toyoda Gosei Co. Ltd, Hyundai Mobis Co, Ltd, Autoliv Inc, Joyson Safety Systems, ZF Friedrichshafen AG, Sumitomo Corporation, Mitsubishi Electric Corporation, Others.
|
COVID-19 Impact on China Airbag System Market
The COVID-19 pandemic had a significant effect on the market under review because lockdowns and trade restrictions caused supply chain interruptions and the nationwide suspension of car manufacturing. To generate momentum in the market throughout the projected time, participants began concentrating on reducing such risks and developments as limitations loosened. The automotive airbag system market is expected to increase significantly between now and 2021 as severe safety criteria are implemented by regulatory bodies and vehicle sales pick up steam.
.
Key Target Audience:
- Automotive Manufacturers
- Government Regulatory Agencies
- Automotive Safety Organizations
- Research and Development Institutions
- Automotive Component Suppliers
- Insurance Companies
- Consumers / Vehicle Owners
- Investors / Financial Institutions
Our in-depth analysis of the China Airbag System Market includes the following segments:
|
By Airbag Type: |
Driver airbag
Passenger airbag
Curtain airbag
Knee airbag
Others
|
|
By Inflator Type: |
Pyrotechnic
Stored Gas
Hybrid
|
|
By Vehicle Type: |
Passenger Cars
Commercial Vehicles
|
Key Topics Covered in the Report:
- China Airbag System Market Size (FY’2024-FY’2033)
- Overview of China Airbag System Market
- Segmentation of China Airbag System Market By Airbag Type (Driver airbag, Passenger airbag, Curtain airbag, Knee airbag, Others)
- Segmentation of China Airbag System Market By Inflator Type (Pyrotechnic, Stored Gas, Hybrid)
- Segmentation of China Airbag System Market By Vehicle Type (Passenger Cars, Commercial Vehicles)
- Expansion Analysis of China Airbag System Market
- Problems and Obstacles in China Airbag System Market
- Competitive Landscape in the China Airbag System Market
- Impact of COVID-19 and Demonetization on China Airbag System Market
- Details on Current Investment in China Airbag System Market
- Competitive Analysis of China Airbag System Market
- Prominent Players in the China Airbag System Market
- SWOT Analysis of China Airbag System Market
- China Airbag System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the China Airbag Systems Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. China Airbag Systems Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in China Airbag Systems Market
7. China Airbag Systems Market, By Airbag Type (USD Million)
7.1. China Airbag Systems Market Value Share and Forecast, By Airbag Type, 2024-2033
7.2. Driver airbag
7.3. Passenger airbag
7.4. Curtain airbag
7.5. Knee airbag
7.6. Others
8. China Airbag Systems Market, By Inflator Type (USD Million)
8.1. China Airbag Systems Market Value Share and Forecast, By Inflator Type, 2024-2033
8.2. Pyrotechnic
8.3. Stored Gas
8.4. Hybrid
9. China Airbag Systems Market, By Vehicle Type (USD Million)
9.1. China Airbag Systems Market Value Share and Forecast, By Vehicle Type, 2024-2033
9.2. Passenger Cars
9.3. Commercial Vehicles
10. China Airbag Systems Market Forecast, 2020-2033 (USD Million)
10.1. China Airbag Systems Market Size and Market Share
11. China Airbag Systems Market, By Airbag Type, 2020-2033 (USD Million)
11.1. China Airbag Systems Market Size and Market Share By Airbag Type (2020-2026)
11.2. China Airbag Systems Market Size and Market Share By Airbag Type (2027-2033)
12. China Airbag Systems Market, By Inflator Type, 2020-2033 (USD Million)
12.1. China Airbag Systems Market Size and Market Share By Inflator Type (2020-2026)
12.2. China Airbag Systems Market Size and Market Share By Inflator Type (2027-2033)
13. China Airbag Systems Market, By Vehicle Type, 2020-2033 (USD Million)
13.1. China Airbag Systems Market Size and Market Share By Vehicle Type (2020-2026)
13.2. China Airbag Systems Market Size and Market Share By Vehicle Type (2027-2033)
14. China Airbag Systems Market, By Region, 2020-2033 (USD Million)
14.1. China Airbag Systems Market Size and Market Share By Region (2020-2026)
14.2. China Airbag Systems Market Size and Market Share By Region (2027-2033)
14.3. Eastern Region
14.4. Northern Region
14.5. Western Region
14.6. Southern Region
15. Company Profile
15.1. Robert Bosch GmbH
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. Continental AG
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Denso Corporation
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Toyoda Gosei Co.,Ltd.
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Hyundai Mobis Co., Ltd.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Autoliv Inc.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Joyson Safety Systems
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. ZF Friedrichshafen AG
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Sumitomo Corporation
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Mitsubishi Electric Corporation
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
