Automotive Curtain Airbag Market: Neoprene to Represent a Leading Segment

Rockville, USA, 2019-Feb-19 — /EPR Network/ —  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.

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.

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Competition Tracking

Leading market players operating in the automotive curtain airbags market include Autoliv, Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., and Delphi Automotive PLC.

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