NEW
YORK, June 18, 2024 /PRNewswire/ -- The global
automotive airbag sensor market size is estimated to grow by
USD 227 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 6.22% during the forecast period. Production
shift to low-cost countries is driving market
growth, with a trend towards advancements in sensor
technology. However, sharp decline in automobile production
and sales poses a challenge. Key market players include
Analog Devices Inc., Aptiv Plc, Ashimori Industry Co. Ltd., Autoliv
Inc., Continental AG, Daicel Corp., DENSO Corp., Dorman Products
Inc., HELLA GmbH and Co. KGaA, Hyundai Motor Group, Infineon
Technologies AG, Magna International Inc., Mitsubishi Electric
Corp., Nihon Plast Co. Ltd., Ningbo Joyson Electronics Corp., NXP
Semiconductors NV, Robert Bosch GmbH, TaiHangChangQing Automobile
Safety System Co. Ltd., Toyoda Gosei Co. Ltd., and ZF
Friedrichshafen AG.
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Automotive Airbag
Sensor Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
6.22%
|
Market growth
2024-2028
|
USD 227
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.76
|
Regional
analysis
|
APAC, Europe, North
America, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 59%
|
Key
countries
|
China, US, Japan,
Germany, and South Korea
|
Key companies
profiled
|
Analog Devices Inc.,
Aptiv Plc, Ashimori Industry Co. Ltd., Autoliv Inc., Continental
AG, Daicel Corp., DENSO Corp., Dorman Products Inc., HELLA GmbH and
Co. KGaA, Hyundai Motor Group, Infineon Technologies AG, Magna
International Inc., Mitsubishi Electric Corp., Nihon Plast Co.
Ltd., Ningbo Joyson Electronics Corp., NXP Semiconductors NV,
Robert Bosch GmbH, TaiHangChangQing Automobile Safety System Co.
Ltd., Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG
|
Market Driver
The automotive airbag sensor market is experiencing significant
advancements, driven by manufacturers like Robert Bosch GmbH and
Analog Devices Inc. These companies are developing more complex and
efficient sensors, integrating technologies such as AI, machine
learning, and sensor fusion. This results in improved accuracy and
response times, as well as compact and lightweight designs.
Companies invest heavily in R&D to meet regulatory requirements
and consumer demand for advanced safety features, leading to the
growth of the market.
The Automotive Airbag Sensor Market is experiencing significant
growth due to the increasing demand for safety features in
vehicles. According to recent reports, the market is expected to
continue this trend in the coming years. These sensors play a
crucial role in detecting crashes and deploying airbags
accordingly. Advanced technologies such as radar and ultrasonic
sensors are being used to improve the accuracy and reliability of
these systems. Additionally, the integration of machine learning
algorithms is enabling predictive maintenance and diagnostics,
further enhancing the value proposition of automotive airbag
sensors. The market is also witnessing increased competition, with
key players focusing on product innovation and cost reduction to
gain a competitive edge. Overall, the Automotive Airbag Sensor
Market is poised for steady growth in the coming years.
Research report provides comprehensive data on impact of trend.
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Market Challenges
- The Global Automotive Airbag Sensor Market is currently facing
a significant challenge due to the decline in automobile production
and sales. This trend negatively impacts the demand for airbag
sensors, posing a considerable hurdle for manufacturers and
suppliers. The decrease in automotive production in countries like
Germany, the UK, China, India,
Japan, and the US, has led to
increased inventory costs for Original Equipment Manufacturers
(OEMs), compelling some to temporarily halt production. The
COVID-19 pandemic further exacerbated this issue, causing a decline
in sales and production across regions. As a result, the demand for
automotive components and accessories, including airbag sensors,
has reduced, hampering the growth of the global automotive airbag
sensor market.
- The Automotive Airbag Sensor Market faces several challenges.
The use of advanced technologies like radar and ultrasonic sensors
for airbag deployment requires significant investment. Components
such as microelectronics and pressure sensors add to the cost.
Additionally, stringent safety regulations demand high-performance
sensors with precise accuracy and reliability. The need for
miniaturization and integration of multiple sensors into a single
module also poses challenges. Furthermore, the increasing
popularity of electric and autonomous vehicles necessitates the
development of sensors compatible with these technologies. The
competition among market players further intensifies the
challenges. However, the growing demand for safety features in
vehicles offers significant opportunities for market growth.
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challenges - Request a sample report!
Segment Overview
This automotive airbag sensor market report extensively covers
market segmentation by
- Application
- 1.1 Passenger cars
- 1.2 LCVs
- 1.3 MCVs and HCVs
- End-user
- Geography
- 3.1 APAC
- 3.2 Europe
- 3.3 North America
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Passenger cars- The Automotive Airbag Sensor
Market is experiencing significant growth due to increasing demand
for passenger safety. These sensors detect crash conditions and
deploy airbags accordingly. Major automobile manufacturers
prioritize airbag safety features, driving market expansion.
Additionally, advancements in sensor technology enhance airbag
performance and reliability. Overall, the Automotive Airbag Sensor
Market is a vital component in the automotive industry's ongoing
commitment to safety.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Automotive Airbag Sensor Market encompasses the production
and supply of sensors used in the deployment of airbags in
vehicles. These sensors, which include mechanical and electrical
types, are integral to ensuring passenger safety in the event of a
fatal accident. The market's growth is influenced by the increasing
demand for last-mile connectivity and the transportation of
lightweight construction materials, leading to an increase in
vehicle production. Per capita income plays a role in market
expansion as more individuals are able to afford vehicles. Various
types of airbags, such as side, knee, rear, and front airbags,
require specific sensors for activation. Impact sensors, pressure
sensors, and brake sensors are among the semiconductor devices used
in airbag systems. The mode of sensors can be mechanical or
electrical, with mechanical sensors detecting impact through
physical means and electrical sensors using electrical signals.
Market Research Overview
The Automotive Airbag Sensor Market encompasses the production,
supply, and installation of sensors used in airbag systems for
passenger safety in vehicles. These sensors detect crashes and
deploy airbags accordingly, ensuring the safety of vehicle
occupants. The market is driven by increasing vehicle production
and stringent safety regulations. Technological advancements, such
as the integration of multiple sensors and the development of smart
airbag systems, are also fueling market growth. Additionally, the
growing trend towards electric and autonomous vehicles is expected
to create new opportunities in the market. The demand for
cost-effective and reliable airbag sensors is a key challenge for
market participants. The market is segmented by sensor type,
vehicle type, and region.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Passenger Cars
- LCVs
- MCVs And HCVs
- End-user
-
- Geography
-
- APAC
- Europe
- North America
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio