The US passenger car airbag market is expected to have a modest growth at a CAGR of around 4.5% during the forecast period. The US is one of the global leaders in the automotive sector. Major factors for the significant market include high cost of the vehicle, high awareness related to road safety and cohesive government regulations. Passenger cars in the US are equipped with front airbag, side airbag, curtain airbag and about half of the passenger cars are equipped with knee airbags. These are the reason for the large airbag market in the country. The airbag market in the US is a matured market as passenger car airbag has been adopted decades ago. In September 1998, the government introduced the “Intermodal Surface Transportation Efficiency Act of 1991”. As per law, it is mandatory for all cars and light trucks to be equipped with a passenger car airbag which is being sold in the US. As per the International Organization of Motor Vehicle Manufacturers, out of 11.3 million total vehicles, around 2.8 million were passenger cars. The proportion of passenger car production to the total vehicle is least in the US as compared to major vehicle manufacturing companies globally. However, recall of vehicles due to faulty airbags is one of the major challenges for the market in the country.
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The US passenger car airbag market is segmented based on type and vehicle type. By type, the market is further analyzed into front airbag, side airbag, curtain airbag, and knee airbag. During the forecast period, the front airbag segment is expected to have a major market share, whereas Knee and curtain are expected to have a significant market growth rate. By vehicle type, the market is segmented into Hatchback, SUV, and Sedan. Significant growth in the SUV segment can be expected in the country.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
US Passenger car airbag Market by Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
US Passenger car airbag Market by Vehicle Type
- Hatchback
- Sedan
- SUV
Company Profiles
- Autoliv Inc.
- Continental AG
- Daicel Corp.
- DENSO Corp.
- Global Safety Textiles, LLC
- Hyundai Mobis Co., Ltd.
- Key Safety Systems, Inc.
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Toyoda Gosei Co., Ltd.
- TRW Automotive Holdings Corp.
The Report Covers
- Comprehensive research methodology of the US Passenger Car Airbag Market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US Passenger Car Airbag Market.
- Insights about market determinants which are stimulating the US Passenger Car Airbag Market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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