Reducing the risk of injuries to the knee, hip and thigh during collision, knee airbags play a vital role in safety. Providing an extra layer of security, manufacturers have started applying thin layer of silicone on the airbag to protect it from heat and smooth deployment even after many years. Taking a step forward, manufacturers are providing smart airbag protecting smaller or out-of-position occupants. This Fact.MR report discusses key prospects for growth of global automotive knee airbags market during the forecast period, 2017-2022, offering pragmatic insights to lead market players towards devising & implementing informed strategies.
According to the latest report by Fact.MR, the global automotive knee airbags market is expected to experience above-average growth, registering 5.8% CAGR during the forecast period, 2017-2022. Automobile manufacturers have started focusing on earning top safety ratings, hence most of the new cars come with a plethora of airbags. However, knee airbags are considered as an essential feature for vehicles with high safety ratings as they protect lower extremity of the occupant. Following are the insights on the future of the global automotive knee airbags market.
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Automotive knee airbags play an important role in passenger safety during a collision. Knee airbags are located below the steering on driver’s side and below the glove box on passenger side. Knee airbags protect against leg injuries, keeping the occupant in a proper position. Automotive manufacturers are installing airbags to protect passengers from severe injuries and to gain top safety ratings during the crash test program.
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Increasing Preference for Neoprene Coated Automotive Knee Airbags
Neoprene coated automotive knee airbags are expected to experience above-average growth during the forecast period, 2017-2022. Accounting for nearly three-fourth of the revenue share by 2017 end, neoprene coated automotive knee airbags are projected to create an incremental opportunity of over US$ 20 million during 2017-2022.
Towards the end of 2017, Nylon automotive knee airbags are expected to gain more than three-fourth of the revenue share. Meanwhile, automotive knee airbags made using polyester are also gaining popularity as polyester has a good dimensional stability in humid conditions.
Europe is expected to be the largest market for automotive knee airbags during the forecast period, 2017-2022. Europe automotive knee airbags market is estimated to reach just over US$ 50 million revenue by the end of 2022.
North America is expected to be the second most lucrative market in automotive knee airbags. Owing to the imposition of various in-vehicle safety standards by the government and race among automotive manufacturers to earn top safety ratings is boosting the automotive knee airbags market in North America.
The report also profiles companies that are expected to remain active in the expansion of global automotive knee airbags market through 2022, which include Takata Corporation, Autoliv Inc., Daicel Corporation, Delphi Automotive Plc, Kolon Industries, Inc., Denso Corporation, Toray Industries, Inc., Hyundai Mobis Co. Ltd, ZF Friedrichshafen AG, and Toyoda Gosei Co., Ltd.
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Automotive Knee Airbags Market: Compact Passenger Cars to Account for Maximum Usage
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