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View Infographic Governments of many countries have implemented road safety act for safety of individuals of their country. Increasing number of road accidents is a prime issue which essentially makes it important to implement these acts.
In addition, major OEMs are initiating to provide preinstalled airbags in cars according to government regulations to provide safe and better driving experience to their customers. According to Ministry The automotive report for gyrgistan Road Transport and Highways notification, airbags are mandatory standard safety feature for all new cars.
Moreover, various companies are providing aftermarket airbag system for preowned cars for providing safety, comfort, and to satisfy consumers inclination towards automotive safety products, which is further expected to drive growth of the global market.
In addition, increasing number of road accidents has led to rising demand for safety solutions, which is another factor driving growth of the global market. Moreover, availability of pre-fitted airbag safety systems in some luxury and premium vehicles are other factors driving growth of the global market.
However, high capital investment in plants and machinery, and high replacement cost of airbags are major factors expected to restrain growth of the global automotive airbags market.
In addition, increasing number of airbags in vehicle may increases the weight of vehicle and it may affect the millage of the vehicle. The current trend in the market is deployment of pedestrian airbags in vehicles, which protects the car from front and back, as well as the individual in other vehicle while collision or hit.
This factor is expected to drive growth of the global market to a significant extent over the forecast period. In addition, side airbags protect thorax and ribcage area, which are major factors expected to drive growth of the side airbag segment.
The market in Europe is expected to witness considerable growth owing to presence of major automakers in countries in this region.
Growing urbanization and increasing per capita spending, demand for passenger cars is increasing which is expected to drive growth of the global automotive airbag market over the forecast period.
For instance, Government regulations in the US federal law sincerequires frontal airbags for both driver and front-seat passenger in all new vehicles sold in the US.
Installing side airbags in vehicles have rollover sensors or replace side windows with advanced safety glass. Vehicle manufactures are working on this safety system which is in developing stage and is expected to be available for vehicles with passenger safety standards by September 1, Technological advancement in airbag such as airbag on two wheelers such as development of first motorcycle airbag system by Honda has helped to lessen severity of injuries caused by frontal collisions.
The market of front airbag is on the verge of saturation due to low sale of passenger vehicles and installation of new airbag systems such as side airbag, which is expected to fuel growth of the side airbag market in countries in North America.
Adoption of counterfeit airbags is a key factor expected to hamper growth of the market in US and Canada. Global automotive airbag market segmentation: Segmentation by product type:.This report studies the global Automotive Software market status and forecast, categorizes the global Automotive Software market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, China, Japan, South Korea. This Month's Latest News.
Click below to read all of the latest news on our stores, products and events. View All. With first-party data gathered from more than auto manufacturers and dealer websites across more than 50 countries, the Automotive Industry Report looks at global car segment trends for insight on how automotive marketing can shift gears and drive growth as we head into the next quarter.
Precision alloys from Isabellenhütte are for the manufacture of all internationally standardized thermocouples, used in industries, such as automotive, aerospace, petrochemical, analytics, process engineering, railway technology, as well as in control, measurement, and regulating technology.
The Armed Forces of the Kyrgyz Republic, originally formed from former Soviet forces of the Turkestan Military District stationed in the newly independent state, includes the Army, the Air Force, Air Defence Forces, the Northern and Southern Groups of Forces, Interior Troops, Agency of Active personnel: 15, (IISS ).
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Specializing in salvage vehicle auctions, Copart makes it easy for Members to find, bid on, and win the vehicles that they are looking for.