Japan airbag market is expected to augment with a modest growth nearly at a CAGR of 3.5% during the forecast period. Japan is the leading automotive and airbag market player all across the globe. A number of key players in the airbag market have their headquarter in Japan. Dacial Corporation, Denso Corporation, Nihon Plast, Toyoda Gosai, and Takata Corp. are the major Japanese market players in the industry. There is a huge demand for Japanese vehicles and components all across the globe and due to this, around 20% of the total export is Automotive-related components each year. As per the International Organization of Motor Vehicle Manufacturer around 9.7 million vehicles were manufactured in Japan in 2018. Out of total vehicles produced around 85% are passenger cars and the rest, 15% are commercial vehicles.
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The airbag is a common passive safety system in Japanese passenger cars. Almost in every vehicle, front airbags are installed. Additional to basic safety systems in cars, the Japanese car manufacturer also provides advance passive safety systems such as Side airbags, Curtain airbags, Active head restraints, ISOFIX anchorages (for child safety seats) and Three-point seatbelt for the rear center seat.
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The Japan 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. By vehicle type, the market is segmented into passenger cars and commercial vehicles. The passenger car segment is expected to have a major market share during the forecast period as most of the vehicles manufactured in the country are passenger cars.
The companies which are contributing significantly in the market include Autoliv Inc., Continental AG, DENSO Corp., Hyundai Mobis Co., Ltd., Key Safety Systems, Inc., Robert Bosch GmbH, Toyoda Gosei Co., Ltd., TRW Automotive Holdings Corp., and others. The market players are considerably contributing to the market growth by the adoption of various growth strategies including new product launch, merger, and acquisition, collaborations with government, and technological advancements to stay competitive in the market.
Market Segmentation
Japan Airbag Market by Type
- Front Airbag
- Side Airbag
- Curtain Airbag
- Knee Airbag
Japan Airbag Market by Vehicle Type
- Passenger Cars
- Hatchback
- Sedan
- SUV
- Commercial Vehicle
Company Profiles
- Ashimori Industry Co., Ltd.
- Autoliv Inc.
- Continental AG
- Daciel Corp.
- DENSO Corp.
- Hyundai Mobis Co., Ltd.
- Key Safety Systems, Inc.
- Nihon Plast Co., Ltd.
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Toyoda Gosei Co., Ltd.
- TRW Automotive Holdings Corp.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
