DUBLIN--(BUSINESS WIRE)--The "Global Commercial Vehicle Airbag Systems Market 2017-2021" report has been added to ResearchAndMarkets.com's offering.
Global commercial vehicle airbag systems market to grow at a CAGR of 2.97% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is integration of crash sound sensor in airbags. In the event of an accident, the airbag system must decide in a fraction of a second whether inflation is required or not. To enhance this process, a crash sound sensor is integrated into the airbag system. This sensor is used to determine the severity of the accident based on the sound that is produced due to the collision.
According to the report, one driver in the market is rising demand for CVs owing to increasing developments in construction sector. Infrastructural developments contribute to increased demand for commercial trucks, tractors, and trailers. This directly leads to increased demand for commercial vehicle airbag systems. Of late, the BRIC nations have been witnessing massive infrastructural expansions. The construction and the mining industries have witnessed immense growth in these nations. This leads to the growth of the global commercial vehicle airbag systems market, which can be linked to increased economic advancements on a global basis.
Further, the report states that one challenge in the market is high-cost pressure on OEMs. Auto OEMs are subject to heavy cost pressures due to the dynamism of the regulatory environment and demanding consumer base. Environment and safety standards are pressurizing OEMs to find means to comply with the regulations while not transmitting additional costs to the consumer. Controlling emissions is bound to increase the cost of the vehicle. For instance, according to the National Automobile Dealers Association, the US CAFE standards (effective in 2016) increased the manufacturing cost of a vehicle by $1,000. In addition, OEMs need to innovate drivetrain technologies to comply with the newer emission standards.
- Key Safety Systems
Other Prominent Vendors
- Toyoda Gosei
- Hyundai Mobis
- Delphi Technologies
- Nihon Plast
- Ashimori Industry
Key Topics Covered
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation by Vehicle Type
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers and Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/rc45lt/global_commercial?w=4