The report presents an in-depth assessment of the Asia-Pacific Airbag Systems Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Asia-Pacific Airbag Systems investments from 2021 till 2025. This research report also provides post COVID-19 impact analysis of the Asia-Pacific Airbag Systems industry.
Asia-Pacific Airbag Systems market is growing at a CAGR of 10% during the forecast period (2021-2025).
The Asia-Pacific Airbag Systems market is highly competitive and consists of a number of major players. Top Companies like Hyundai Mobis Co Ltd, ZF Friedrichshafen, Autoliv Inc, Denso Corporation, Toshiba Corporation, Key Safety Systems, Robert Bosch GmbH, GWR safety systems
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Scope of the Report
– Every day around 3,700 people are killed globally in road traffic crashes involving cars and busses. Road traffic injuries are the leading cost of deaths for children and young adults aged 5-29 years. Passenger safety is of the utmost importance to the government as well as the companies. Regulations towards consumer safety and security have made manufacturers install safety devices in the cars. The government of many countries has made usage of seat belts and airbags mandatory. In 2019, The EU and Indian Government made it mandatory to have airbags and seat belt remainders.
Key Market Trends
Raising demand for safety will fuel market growth
The global automotive industry is on rising, and most economies started gaining momentum. By 2025 many developing countries are expected to have a high demand for cars, and improving the economy means more commercial vehicle sales. In 2025, the emerging markets are expected to account for 78 million vehicles, which developed economies will account for 34 million vehicle sales. With government regulations in place and customer demand for vehicle safety, this market is expected to grow.
Making profits in Price Sensitive Market
The automotive industry in most of the world is the price-sensitive market, and customers look for speed and aesthetics. But there is a trend of demand for more safety. OEM’s are struggling to find a balance between cost, performance, and safety. OEMs have started offering driver airbags as a basic feature owing to regulatory bodies which previously came with additional cost. All the premium cars are equipped with airbags including knee airbags, rear passenger airbags and more.There have been many instances where vehicles were recalled back due to faulty airbags and seatbelts.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Asia-Pacific Airbag Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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