Airbags play a vital role in protecting drivers and passengers of any automobile during an accident or sudden impact. Airbags are a part of the primary safety mechanism incorporated in most automobiles. Airbags inflate during a sudden impact and help avoid any direct injury to the passengers. Airbags are made from highly advanced materials, which can withstand the sudden inflation of a gas without rupturing during the process. Airbags are made of several materials which are impermeable to gas; however, Nylon 6,6 is the preferred choice of fabric for airbags. Airbags are also made of aramid fabric; however, the cost of aramid is substantially high and hence, it is reserved for niche applications. The fabric used for airbags needs to exhibit two critical properties: high tensile strength and very low gas permeability. Moreover, it also need to possess elasticity, light weight or low specific density, and fatigue resistance.

The airbag fabric market is primarily driven by automotive sales and is largely depends on the production of vehicles. Rising consumer demand for cars and vehicles due to easy available finance options and increasing disposable income are indirectly driving the demand for airbag fabrics. The global sales of automobiles in 2016 was 93.85 million units, which was 4.7% higher than 2015. Such noticeable growth is anticipated to propel the demand for airbag fabrics in the near future. Along with automotive, aerospace is also a small but emerging application. Unlike automobile airbags, airbags used in aircrafts are located near the seatbelts, as a safety measure to protect an aircraft’s passengers in case of a crash landing. Moreover, evacuation slides, which work on a similar technology, are also incorporated in an aircraft. The fabric does not have any direct substitutes, as no alternative technology has been developed to replace the airbags.

Based on type of airbag fabric, the market is segmented as coated fabrics and non-coated fabrics. Non-coated airbag fabrics are widely utilized and account for more than 90% share of the market. However, for specific applications such as driver side airbag, coated fabrics are essentially used. Based on material, the airbag fabric market is segmented into nylon 6, 6, aramid, polyester filament, and others. Nylon 6, 6 is the most widely used material in the manufacture of airbags. Nylon 6, 6 is a versatile material, it is highly impermeable to gases, has high tensile strength, a melting point of 260 °C, and is mostly economical. Aramid airbags are prominently utilized for applications such as lifting loads and is seldom used as a safety airbag fabric in automotive. Based on application, the airbag fabric market is segmented into driver airbag module, passenger airbag module, side-impact module, pedestrian protection module, and others. Based on end-user industry, the airbag fabric market is segregated into automotive, aerospace, and others. Automotive is a key end-user industry for airbag fabrics.

In terms of geography, the global airbag fabric market can be segmented into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are anticipated to be the key regions of the airbag fabric market. High focus on passenger and pedestrian safety coupled with stringent standards on automotive safety in these regions makes Europe and North America prominent markets for airbag fabrics. Followed by Europe and North America, Asia Pacific is also a potential market for airbag fabrics, the region has substantial sales of automobiles; thus, creating elevated demand for the same. Japan, China, and India are prominent countries and witness significant automobile sales. Furthermore, several major automotive manufacturers namely Toyota, Hyundai, Maruti Suzuki, SAIC, and Tata have their manufacturing plants in the region.

Key players operating in the global airbag fabric market include Robert Bosch GMBH, Delphi Automotive PLC, Takata Corporation, Toyoda Gosei Co., Ltd., Autoliv, Inc., Trw Automotive, and Toray Industries, Inc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Airbag Fabric Market

Pre Book