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Automotive Curtain Airbags Market

Automotive Curtain Airbags Market

Automotive Curtain Airbags Market Analysis, By Coating Type (Neoprene Coated, Silicone Coated, Non-coated), By Yarn Type (Nylon, Polyester), By Vehicle Type (Passenger Vehicles, Commercial Vehicles), By Sales Channel (OEMs, Aftermarket) - Global Forecast 2022 to 2032

Automotive Curtain Airbags Market
FACT273MR
  • May-2022
  • List of Tables : 70
  • List of Figures : 114
  • 170 Pages
  • Automotive

Automotive Curtain Airbags Market Outlook (2022-2032)

Worldwide sales of automotive curtain airbags are valued at US$ 206.8 million in 2022, and the market is forecast to expand at a CAGR of 5.6% to reach US$ 358.4 million by 2032.

Report Attributes

Details

Automotive Curtain Airbag Market Size (2021A)

US$ 196.8 Million

Estimated Year Value (2022E)

US$ 206.8 Million

Projected Year Value (2032F)

US$ 358.4 Million

Global Market Growth Rate (2022-2032)

5.6% CAGR

Europe Market Share (2021)

~26%

Europe Growth Rate (2022-2032)

~6.2% CAGR

Collective Value Share (Germany, China, India) 2022: Top 3 Countries

~40%

Market Share of Top 5 Companies (2021)

~24%

Key Companies Profiled

  • 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.
  • Delphi Automotive Plc.

Demand is set to increase on the back of greater emphasis on passenger safety & security, coupled with rising application in the automotive, transportation, and healthcare sectors.

The global automotive curtain airbag market accounted for ~2% of the global airbags market share in 2021, and is estimated to provide an absolute $ opportunity of US$ 151.5 million over the next ten years.

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Automotive Curtain Airbag Consumption Analysis (2017-2021) Vs Market Outlook (2022-2032)

Rising demand for safe and secured vehicles has led to an expansion in the demand for airbags across the world. Also, the imposition of safety regulations in the automotive industry by several governments is propelling market growth. Manufacturers are also installing advanced features to provide enhanced safety to passengers in case of an accident.

Moreover, growth of the market is related to several micro- and macro-economic factors. As these automotive curtain airbags find increased application in the automotive, transportation, and healthcare sectors, their demand is likely to increase over coming years, thereby supporting market growth by 1.4X through 2032.

Fact.MR projects the automotive curtain airbag market to witness 5.6% CAGR during 2022 and 2032 as opposed to 3.8% CAGR from 2017 to 2021.

Why is Demand for Automotive Curtain Airbags Rising Steadily?

“High Focus on Safety & Security Supporting Market Growth”

Consumers are emphasizing greatly on safety and security, which has resulted in the integration of enhanced technology, thereby reducing the risks of injuries and accidents.

Manufacturers in the automotive industry are integrating automotive curtain airbags in vehicles to provide flexible transportation systems that provide enhanced security. This is estimated to support automotive curtain airbag demand growth by 1.2X during the forecast years of 2022-2032.

Several factors such as wear and tear of vehicles due to uncertainty of accidents, complex vehicle design, and frictional resistance are driving consumption of automotive curtain airbags, which is expected to cross a market valuation of US$ 358.4 million by the end of 2032.

“Escalating Consumption in Healthcare Industry”

The healthcare industry also provides significant opportunities in the automotive curtain airbags market, as automotive curtain airbags protect the necks and heads of patients during an unexpected accident. As such, ambulance manufacturers are installing sensors in ambulances, which deploy and provide more protection during an accident.

This is also driving the demand for automotive knee airbags and other types of safety equipment,.

This is estimated to drive market demand by ~20% of current levels over the next ten years.

Additionally, governments across the world have also imposed regulations concerning the safety offerings in the automotive industry. This is influencing market growth of automotive curtain airbags due to government regulations, which is inducing manufacturers to install safety devices for passengers.

This is estimated to propel automotive curtain airbag demand growth by 1.3X during the forecast years of 2022-2032.

“Rising Product Penetration in Sports Utility Vehicles”

Curtain airbags are deployed to protect the head and neck of the passenger or the driver, which helps in minimizing the risks of injury in case of a side collision event. They are therefore deployed in vans and SUVs and other vehicle types to provide enhanced safety.

Also, escalating safety standards in all types of vehicles are fueling market growth. Automotive curtain airbags are likely to witness enhanced adoption in heavy-duty-trucks and mini-cars due to the required safety standards in these vehicles.

Thus, due to the above-listed factors, market demand for automotive curtain airbags is expected to rise 1.3X over the forecasted years.

Automotive curtain airbag market forecast by Fact.MR

Region-wise Insights

Why is Europe a Lucrative Market for Automotive Curtain Airbag Suppliers?

The Europe automotive curtain airbag market accounts for the highest share of 26.1%. Advancements in technology, escalating consumer acceptance, and lower product prices are fueling regional market growth.

In Europe, Germany is the largest automotive hub and is also strategically important as it has more than 40 automotive plants.

Overall, the European market for automotive curtain airbags is projected to expand at a CAGR of 6.2% over the decade.

Will Countries in East Asia and South Asia & Oceania Provide Opportunities for Automotive Curtain Airbag Manufacturers to Grow?

The East Asia and South Asia & Oceania markets for automotive curtain airbags hold 20.1% and 19.6% market share, respectively.

Rising adoption rate of automotive curtain airbags for enhanced safety presents potential growth opportunities for manufacturers of automotive curtain airbag systems. Increased usage of marine airbags is also being witnessed in these regions due to surging sea trade.

Both markets are projected to surge ahead at CAGRs of 6.7% and 6.5%, respectively, over the next ten years.

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Category-wise Insights

Which Coating is Most Popular in Automotive Curtain Airbags?

Automotive curtain airbags are available with different coatings, such as neoprene coated, silicone coated, and non-coated. Amongst them, neoprene coated automotive curtain airbags hold the largest market share of 38.9%.

Airbags that are resistant to heat, oil, chemicals, and ozone are being preferred more than silicone and non-coated airbags. Therefore, this segment is projected to expand at a CAGR of 6.1% through 2032.

Silicone-coated and non-coated automotive curtain airbags hold 31.2% and 29.9% market share, respectively, and are expected to register moderate growth over the forecast years.

Which Vehicle Type Sees Highest Deployment of Automotive Curtain Airbags?

Passenger vehicles account for the largest market share of 56.4%. Augmented production of passenger cars and their escalating sales in developing countries are expected to propel market growth.

Moreover, government regulations regarding passenger safety are likely to support market growth further. As such, the passenger vehicles segment is projected to expand at a CAGR of 5.9% during the assessment period.

Additionally, the commercial vehicles segment, which holds 43.6% of the global automotive curtain airbag market, is projected to expand at a CAGR of 5.3%. This is attributed to the rising number of accidents of commercial vehicles used for transportation across the globe, thereby propelling segment growth.

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Competitive Landscape: Top Companies in Automotive Curtain Airbag Market

The global automotive curtain airbag market is fragmented and competitive in nature, owing to the existence of numerous regional and global players. Mergers and acquisitions, expansions, collaborations and partnerships, and new product development are being adopted by leading companies. These developments have resulted in the emergence of advanced automotive curtain airbags.

  • Continental AG, in 2019, announced the expansion of its business to India in order to develop airbag control units. These airbags are designed on SPEED, which is the Safety Platform for Efficient & Economical Design, a modular safety platform matching all the requirements of the market
  • Hyundai Mobis Co. Ltd., in 2020, acquired the semiconductor division of Hyundai Autron. This acquisition is expected to provide the capability to develop semiconductors for the automotive industry and supply them system controls on a systematic basis.

Fact.MR has provided detailed information about the price points of key manufacturers in the automotive curtain airbag market positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Automotive Curtain Airbag Industry Research by Category

  • Automotive Curtain Airbag Market by Coating Type :

    • Neoprene Coated Automotive Curtain Airbags
    • Silicone Coated Automotive Curtain Airbags
    • Non-coated Automotive Curtain Airbag
  • Automotive Curtain Airbag Market by Yarn Type :

    • Nylon Automotive Curtain Airbags
    • Polyester Automotive Curtain Airbags
  • Automotive Curtain Airbag Market by Vehicle Type :

    • Passenger Vehicles
    • Commercial Vehicles
  • Automotive Curtain Airbag Market by Sales Channel :

    • OEMs
    • Aftermarket
  • Automotive Curtain Airbag Market by Region :

    • North America Automotive Curtain Airbag Market
    • Latin America Automotive Curtain Airbag Market
    • Europe Automotive Curtain Airbag Market
    • East Asia Automotive Curtain Airbag Market
    • South Asia & Oceania Automotive Curtain Airbag Market
    • MEA Automotive Curtain Airbag Market

- FAQs -

The global automotive curtain airbag market is worth US$ 206.8 million in 2022, and is anticipated to reach US$ 358.4 million by the end of 2032.
Over the last 5 years, the global market for automotive curtain airbags grew at 3.8% CAGR.
Prominent players in the automotive curtain airbag market are Autoliv Inc., Takata Corporation, Daicel Corporation, Denso Corporation, and Hyundai Mobis Co. Ltd.
Europe accounts for a leading 26.1% share in the global automotive curtain airbag market.
Neoprene coated automotive curtain airbags hold 38.9% market.

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