Demand for airbag control unit sensors is expected to reach US$ 590.3 million in 2022 and is projected to increase at a CAGR of 6.7% to US$ 1,127.6 million between 2022 and 2032. A rise in traffic mortality rates is blamed for the expansion.
Rise in infrastructure development is one of the major factors that is expected to push the growth of airbag control unit sensors market in the near future. The region is expected to accumulate a market share of 14.5% in 2022.
The airbag control/sensor unit aids in collision detection. Activate the airbags to protect a passenger from an accident. Before triggering the required restraint structures, the airbag control unit detects and evaluates the severity of an accident. The device can receive data from up to six accident sensors. This includes sensors for rotational speed as well as speed acceleration.
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These readings are used to evaluate and examine the signals from other sensors. The airbag control unit and a new additional system are then informed of the crash signals, which activate the hazard lights and interior lights, shut off the fuel pump, and stop the engine. According to the type of accident, the restraint systems are further improved to be the most effective.
Global Airbag Control Unit/Sensor: Market Dynamics
The factors such as a rise in the number of traffic fatalities rates are accelerating demand for safety measures leads to the growth of Airbag control unit/sensor market. Moreover, safety regulation implied by government and rise in life expectancy leads to an increase in airbags control unit/sensor market.
Macroeconomic factors such as an increase in disposable income lead to investing people toward more of safety features in the vehicles result in the overall growth of the airbag control unit/sensor market. In addition to it increasing consumer awareness towards safety equipment leads to the growth of Airbag control unit/sensor market.
Further Airbag control unit on two-wheelers may provide an opportunity for the market leaders to grow in the future.
The airbag control unit/sensor is high quality, reliable and is of low cost and also comply with automotive functional safety standards. An Airbag Control Unit is for commercial vehicles needs to meet all the diverse market and customer prerequisites around the world.
Market Competition
Some of the key participants present in the global Airbag Control Unit Sensor market include AUTOLIV, ZF Friedrichshafen AG, Ashimor, Takata Corporation, KSS, Toyoda Gosei Co. Ltd., Hyundai Mobis, Nihon Plast Co. Ltd., and Jinheng, among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as AUTOLIV, ZF Friedrichshafen AG, Ashimor, and Takata Corporation account for a considerable market size, several regional level players are also operating across key growth regions, particularly in the North America.
To accomplish these particular necessities in a commercial way, the SPEED idea i.e. Safety Platform for Efficient and Economical Design officially utilized widely for airbag control units in passenger vehicles has been adapted to the particular commercial vehicles requirements.
The electrical arc segment made between both pins activates a propellant which is comprised of sodium azide that begins to consume and radiate nitrogen gas, and the gas begins to fill the airbag.
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Key Segments Profiled In The Airbag Control Unit Sensor Industry Survey
Airbag Control Unit Sensor Market by Sensor Type:
- Mass Type Airbag Control Unit Sensor
- Roller Type Airbag Control Unit Sensor
Airbag Control Unit Sensor Market by Airbag Type:
- Driver Airbag Control Unit Sensor
- Passenger Airbag Control Unit Sensor
- Knee Airbag Control Unit Sensor
- Curtain Airbag Control Unit Sensor
- Side Airbag Control Unit Sensor
- Roll-over Airbags Control Unit Sensor
- External Airbags Control Unit Sensor
- Seatbelt Airbags Control Unit Sensor
- Medical Airbags Control Unit Sensor
Airbag Control Unit Sensor Market by Vehicle Type:
- Airbag Control Unit Sensors for Passenger Cars
- Compact
- Mid-sized
- Premium
- Luxury
- Commercial Vehicle/Light commercial vehicle
- Heavy Commercial Vehicles
Airbag Control Unit Sensor Market by Region:
- North America Airbag Control Unit Sensor Market
- Latin America Airbag Control Unit Sensor Market
- Europe Airbag Control Unit Sensor Market
- Asia Pacific Airbag Control Unit Sensor Market
- Middle East & Africa Airbag Control Unit Sensor Market
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