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 …
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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 …