Insights on Global Automotive Curtain Airbag Market Size, Share, Trends and Future Growth Predictions till 2022

Posted on 2018-11-21 by Mark Hub in Automotive // 0 Comments

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Rockville, US, 2018-Nov-21 — /EPR Network/ — As safety is becoming increasingly important among the passengers, the manufacturers in the automotive industry are integrating enhanced technology that reduces the risk of injury. In an attempt to provide flexible transportation system embedded with security, the automotive manufacturers are installing the automotive curtain airbag systems in vehicles. Unexpected accidents are a result of wear and tear of the vehicle, complex designs of the vehicle, and frictional resistance. During an unexpected accident, the passengers could injure their knees and necks. Attributed to such factors, demand for curtain airbags is expected to increase in the automotive industry globally.

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Factors Fuelling Growth of the Global Market

Growth of the global market of automotive curtain airbag is bound to several macro and micro economic factors. Demand for strong automotive curtain airbags is mainly concentrated in the transportation, automotive and healthcare industry. Frictional resistance, wear and tear of the vehicles, and complex design of the vehicles result in the unexpected accidents globally. Attributed to unexpected accidents, the passengers could injure their necks and knees. Manufacturers prefer coating the airbags integrated in the vehicles with neoprene coating to ensure that the security devices are strong and resistant to heat. The automotive curtain airbag will continue to witness considerable adoption attributed to increasing demand for security devices in the vehicles.

Moreover, government in several countries have imposed legislations regarding the security devices in the vehicles. As the government has imposed legislations regarding the security devices in the automotive industry, manufacturers are integrating advanced features in order to ensure security of the passengers during an unexpected accident.

With surge in technological development, consumers prefer opting for automotive that are integrated with devices that ensure the safety and security of the passengers. Vehicles equipped with security devices offer secure, and flexible transportation system to the customers. These factors are likely to contribute towards growth of the global market of automotive curtain airbag positively.

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Neoprene to Represent a Dominant Segment

Increasing demand for curtain airbags that are strong and resistant to ozone, oil, chemicals, and heat has led the manufacturers to coat airbags with neoprene. Sales of neoprene airbags is likely to remain high as compared to the other types of coating in the global market. Currently, the neoprene coat type segment is projected to represent around US$ 50 Mn by 2022-end.

Nylon is projected to represent a significant revenue growth as compared to other yarns available in the global market. The nylon yarn type segment is projected to represent more than US$ 40 Mn in the global market by 2017-end. The nylon segment is projected to reflect a relatively high CAGR in the global market of automotive curtain airbag through 2022.

By sales channel, sales of the automotive curtain airbags is projected to remain high through the OEM sales channel. The OEM segment is projected to represent more than US$ 50 Mn by 2017-end. However, sales of automotive curtain airbags continue to witness relatively faster growth through the aftermarket channel globally.

Mid-sized passenger cars is likely to sell more than the other vehicle in the global automotive curtain airbag market. The mid-sized passenger cars vehicle type segment is projected to represent around US$ 15 Mn by 2022-end. On the other hand, the compact passenger car is projected to reflect a relatively high CAGR in the global market through 2022.

Consumption in the Healthcare Industry

Besides the automotive industry, the automotive curtain airbag also witness considerable demand in the healthcare industry. During an unexpected accident, the curtain airbag protect the heads and the necks of the patients. In case of unexpected accident, the system deploys curtain airbag in the position of the attendant and CPR for providing safety to the passengers in the patient compartment. The ambulance manufacturers continue to integrate the roll sensors in the ambulance, which enables the system to deploy protection during an unexpected accident.

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