Automotive Curtain Airbags Market Features and Forecast

automotive curtain airbags market The “Automotive Curtain Airbags Market” report has been added by Logic Research and Solutions.

The global automotive airbags market is estimated to be valued at USD 14 billion by the end of 2015. The market is expected to grow at a CAGR of 19% during the forecast period. The installation rates of curtain airbags in new vehicles are expected to exceed 65% in both North America and Europe by the end of 2017, driven by the mandate of federal law in these regions.

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In an effort to develop safer cars, OEMs are providing airbags for additional safety. A recent and trendy innovation is the use of curtain airbags that have proven to be valuable as well as handy. Increased emphasis on safety by the OEMs coupled with the growing pressure from regulatory bodies is helping to drive the growth of this market. Curtain airbags are effective in reducing the impact of side crashes.

Automotive Curtain Airbags Market

The significant reduction in the cost of these airbags has resulted in greater adoption among the high volume mid-segment vehicles. Curtain airbags have earned significantly higher safety ratings for passenger cars and minivans as well. OEMs are finding different ways to adopt side curtain technology for niche applications, especially for commercial vehicles and SUVs that are vulnerable to a higher degree of risk and safety concerns.

Drivers of convertibles and SUVs currently relish the benefits of side curtain protection and rollover-specific security for these vehicles. In addition, curtain airbags are equally useful in light of the growing popularity of subcompacts. Furthermore, the increasing demand for micro cars that use curtain airbags to protect the passengers’ necks will help in driving the need for curtain airbags. If curtain airbags prove effective for rear collisions, they could be instrumental in helping improve public perception of small and efficient cars.

Automotive Curtain Airbags Market Forecast

Curtain airbags are side airbags for head protection. There are other kinds too, such as combination head and torso designs that are comparatively less effective than curtain airbags in rollover crashes. Unlike the driver airbags that come as standard in many cars, these do not provide protection in a side impact crash.

The market is segmented on the basis of vehicle type, technology type, and geography. Europe is expected to constitute the bulk of the market share with more than 26% share.

Some of the key players in the market are Autoliv, Continental, Delphi, Neaton, Takata and TRW.