DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Automotive Center Airbag System Market 2017-2021" report to their offering.
The global automotive center airbag module market to grow at a CAGR of 8.18% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global automotive center airbag module market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The report also includes a discussion of the key vendors operating in this market.
One trend in market is development of airbag system preventing occupant-impact injuries. The global automotive industry is rapidly progressing toward the development of new passive and active safety technologies. Automakers are investing heavily in R&D of newer airbag technologies that will help in reducing the probability of severe injuries to a minimum.
According to the report, one driver in market is growing fatality rate due to rise in rollover accidents. In-vehicle safety systems play an important role in reducing the number of on-road accidents. Airbag systems are important for ensuring passenger safety in moving vehicles as they are designed to reduce the level of fatality during collisions.
Automakers have been developing new safety restraint systems that can protect passengers effectively in cases of front-end collisions, rollovers, and side-impact accidents. Driver and passenger airbag systems that are mounted on steering wheels and front panels can protect passengers during front-end collisions, but these systems are not effective in cases of side collisions and rollover accidents.
Further, the report states that one challenges in market is relative high cost of module with lack of awareness about airbag system. The automotive industry is gradually implementing advanced safety technologies, such as the automatic emergency braking system, ABS with electronic brake-forced distribution, and passive restraint system as standard features in vehicles. These technologies are specifically adopted by manufacturers in the US, Europe, and Japan.
Automotive governing bodies are taking several initiatives to make these life-saving systems a requirement in vehicles during the forecast period. The systems are gradually being introduced into the consumer marketplace. Automakers are offering them as standard features or as an option in the higher variants of specific models.
- ZF TRW
- Hyundai Mobis
Other prominent vendors
- Nihon Plast
- Toyoda Gosei
For more information about this report visit http://www.researchandmarkets.com/research/lplmjs/global_automotive