Curtain Airbags Market

Automotive Curtain Airbags Market – Overview

The global automotive curtain airbags market is projected to witness significant growth from 2021 to 2031 (forecast period). About a decade ago, airbag systems were frequently found in high-end vehicles. However, due to increased regulatory pressure, fierce market competition, and growing consumer concerns regarding safety, the situation has entirely shifted. These pressures heighten the long-standing necessity to include an airbag system in every vehicle, irrespective of market category.

Due to the rising incidence of traffic accidents, automakers are now required to add airbags. Moreover, a rise in public awareness and technical advances are projected to drive the global automotive curtain airbags market during the projection period.

Automotive Curtain Airbags Market – Competitive Landscape

Key players active in the global automotive curtain airbags market are Delphi Technologies, Visteon Corporation, Autoliv Inc., Neaton Auto Products Manufacturing Inc., Continental AG, and Toyoda Gosei Co. Ltd. These companies have been expanding their business by producing innovative and better-quality curtain airbags in order to have the edge over their competitors.

For instance, in July 2021, Toyoda Gosei created a new driver-side airbag with a new arrangement that properly shields the passenger. The airbag was included in the new Honda Civic, which was released in North America.

Automotive Curtain Airbags Market – Trends and Opportunities

As per a 2018 World Health Organization (WHO) research, 1.4 million people die in traffic accidents worldwide each year. Due to the increasing incidence of traffic accidents, government bodies have imposed strict safety standards on automobiles. For instance, the European Union's safety legislation requires airbags in all passenger vehicles, which is likely to drive the automotive curtain airbags market.

Moreover, the World Health Organization (WHO) has set a goal of cutting mortality in half by 2030. As a result, several countries are enacting strict safety requirements to protect drivers and pedestrians and pressing OEMs to incorporate airbags in commercial vehicles and passenger cars. Furthermore, the Global New Car Assessment Program (NCAP) encourages the use of safety restraint systems in vehicles to reduce road accidents and serious injuries.

The increasing demand for high-performance engines and vehicles has raised the likelihood of fatalities in traffic accidents. This has made it critical for automakers to deploy proper safety measures and strong vehicle structures. The installation of automotive airbags in vehicles to protect passengers from all potential accident scenarios is expected to boost the global automotive curtain airbags market.

The serious injuries induced by traffic accidents have raised consumer awareness. Rising public awareness is one of the important factors projected to propel the global automotive curtain airbags market over the forecast period.

Increased technological improvements in automobile airbags, such as pedestrian airbags, roof airbags, external airbags, and rear-seat airbags, are also likely to boost market expansion throughout the forecast period. According to the National Highway Traffic Safety Administration, airbags combined with seat belts reduce the likelihood of serious head injury by roughly 80%.

Automotive Curtain Airbags Market – Regional Landscape

The automotive curtain airbags market in Europe is projected to expand during the forecast period. With rising customer acceptability, technological advancements, and affordable rates, the automotive curtain airbags market has witnessed a surge in growth in the region. Germany is Europe's largest automobile hub. Germany has 41 automotive assembly factories, resulting in increased demand for curtain airbags. France, Spain, Russia, and Italy are other significant contributors to the European market.

The Asia Pacific automotive curtain airbags market is expected to grow during the forecast period. The surge in disposable income of consumers in developing countries such as India and China has encouraged them to purchase high-end vehicles with curtain bags. Moreover, the fast expansion of the automotive industry and increasing adoption of passive safety systems are anticipated to support the regional market growth.