The global automotive curtain airbag market is expected to register a moderate growth attributed to considerable demand in the transportation and healthcare industry. Surge in demand for security devices in the vehicles is expected to impact growth of the global market positively. This Fact.MR report discusses key prospects for growth of global automotive curtain airbag market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
Growing demand for security devices in vehicles has led to an upsurge in demand for the airbags in the automotive industry globally. In addition, government in various countries have imposed regulations regarding security devices in the automotive industry. These factors are expected to contribute towards growth of the global automotive curtain airbag market positively. A recently compiled report by Fact.MR reveals that the global market of automotive curtain airbag is projected to register a CAGR of 5.5% over the forecast period, 2017-2022.
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Automotive curtain airbags sales are increasingly influenced by increasing emphasis on safety among the passengers and automakers alike, which has led integration of enhanced technology to reduce the risk of accidents & injuries. In an attempt to provide flexible transportation system embedded with security, the automotive manufacturers are integrating the automotive curtain airbags in vehicles.
Consumption in the Healthcare Industry
Besides the automotive industry, the automotive curtain airbags market also witness significant opportunities in the healthcare industry. During an unexpected accident, the automotive curtain airbags protect the heads and the necks of the patients. The ambulance manufacturers continue to integrate the roll sensors in the ambulance, which enables the system to deploy protection during an unexpected accident, thereby driving automotive curtain airbags sales.
Government in various countries are increasingly imposing regulations regarding the safety facilities in the automotive industry. Bound to imposition of government regulations, manufacturers are increasingly installing devices for the safety of the passengers. This has directly influenced growth of the automotive curtain airbags market.
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OEM as compared to other channels of sale is expected to witness highest revenue growth in the automptive curtain airbags market. The OEM segment is expected to represent a value over US$ 50 Mn by the end of 2017. However, sales of the automotive curtain airbags is expected to remain high through the aftermarket channels. The aftermarket channel is expected to register the highest CAGR in the automotive curtain airbags market throughout 2022.
On the basis of yarn type, the nylon type segment is expected to witness the highest revenue growth in the automotive curtain airbags market. By the end of 2017, nylon as compared to other types of yarn is expected to represent a value of over US$ 40 Mn globally. The nylon type segment is expected to register the highest CAGR in the automotive curtain airbags market throughout 2022.
Mid-sized passenger cars is expected to witness the highest revenue growth in the automotive curtain airbags market. The mid-sized passenger segment is expected to represent a value of nearly US$ 15 Mn by the end of 2022. However, the compact passenger cars segment is expected to register the highest revenue growth in the automotive curtain airbags market throughout 2022.
The report profiles companies operating in the global automotive curtain airbag market. Companies of all sizes, including market leaders, established players, and market entrants are profiled in this section. The competitive intelligence offers information on company overview and other important parameters, such as product offerings and key financials. Major players in the global market of automotive curtain airbag are Takata Corporation, Autoliv, Inc., Denso Corporation, Daicel Corporation, Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., Kolon Industries, Inc., ZF Friedrichshafen AG, Delphi Automotive PLC, and Toray Industries, Inc
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Automotive Curtain Airbag Market: High Consumption in the Healthcare Industry
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