DUBLIN--(BUSINESS WIRE)--Aug 21, 2018--The "Automotive Airbag Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report predicts the global automotive airbag market to grow with a CAGR of 8.6% over the forecast period of 2018-2024.

Increased number of road accidents and increasing safety concerns are the key factors driving the growth of the automated airbags market. Moreover, the automotive airbag market is also driven by advancements in plastic industry. In addition, the rapid technological advances taken place in the automotive airbag industry, has led to the rapid adoption of new technologies.

However, airbags are only needed in developed markets which is a major factor hampering the growth of the global market of automotive airbags in the developing countries.

Furthermore, National Highway Transport Safety Administration of the U.S. approved a regulation authorizing for installation of airbags in passenger cars. This has increased the safety awareness among the consumers across the globe, which is expected to increase the demand for airbag installation in passenger cars.

Increasing disposal income may have impact on the individuals to invest more on the safety features within the vehicle, which is expected to provide growth opportunities for the key players in the automotive airbags market.

On the other hand the stringent road safety government regulations and increased automotive safety awareness in various countries is anticipated to boost the growth of the global market in near future.

Key Topics Covered

1. Preface

2. Executive Summary

3. Global Automotive Airbag Market Overview

4. Global Automotive Airbag Market by Type

5. Global Automotive Airbag Market by Vehicle Type

6. Global Automotive Airbag Market by Region 2018-2024

7. Companies Covered

Continental AG Key Safety Systems Neaton Auto Products Manufacturing Incorporation Toyoda Gosei Corporation Denso Corporation Robert Bosch GmbH TRW Automotive Takata Corporation Delphi Automotive Autoliv

For more information about this report visit https://www.researchandmarkets.com/research/kd399s/global_automotive?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005383/en/

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Related Topics:Seatbelts and Airbags



SOURCE: Research and Markets

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PUB: 08/21/2018 08:18 AM/DISC: 08/21/2018 08:18 AM