The global automotive airbag market is undergoing a significant transformation, driven by stringent safety regulations, advancements in vehicle technology, and the rising awareness of passenger safety. Airbags, which have long been a standard safety feature in automobiles, play a critical role in minimizing injuries during collisions. As automotive technology evolves with the rise of electric …
Tag Archives: Automotive Airbag Market Size
Automotive Airbag Market Expected to Achieve USD 35 Billion by 2033, Fueled by a 4.4% CAGR | FMI Reports
Automotive Airbag Market The global automotive airbag market is projected to grow significantly, with an expected compound annual growth rate (CAGR) of 4.4% over the forecast period. Valued at USD 12.2 billion in 2023, the market is anticipated to reach approximately USD 35 billion by 2033. Several key factors are driving the increased adoption of …
Automotive Airbag Market Demand, Total Units Sold, Top Scenario, SWOT Analysis, Business Overview, Forecast 2031
Future Market Insights, an ESOMAR-certified consulting organization, forecasts a 3.60 percent compound annual growth rate (CAGR) for the worldwide automotive airbag market between 2021 and 2031. The rising use of curtain airbags is driving up demand for vehicle airbags all around the world. The demand for automobile airbags is increasing rapidly in emerging economies, as …