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Global Automotive External Side Airbags Market

Global Automotive External Side Airbags Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Global Automotive External Side Airbags Market: Overview

Right from their invention, products in the global automotive external side airbags market have gained utmost importance in the automotive industry. Traditional airbags were installed in the vehicles from mid 1970s and usage of airbags has grown in the past forty years. Products in the global automotive external side airbags market ensure the safety of passengers as well as driver in cases of crashes and accidents. Increase in the number of pedestrian accidents as well as rising demand for passenger vehicles are two of the most essential factors for the expansion of the global automotive external side airbags market.

The report is a holistic assessment of crucial factors influencing the growth of the global automotive external side airbags market during the forecast period of 2021 to 2031. It highlights various key market segments and sub-segments according to their market share, size, and consumer demographical data. The study presents thorough analysis of key trends, both historic and current as well as recent developments to chart the growth trajectory of global automotive external side airbags market in coming years.

The study also records technological advancements and breakthroughs in product innovations that can revolutionize the global automotive external side airbags market in coming years. It also highlights various challenges as well as opportunities in the market for both existing and aspiring players. The study notes the global supply and demand graphs in global automotive external side airbags market to identify the crucial drivers and restraints faced by the businesses in the industry.

Global Automotive External Side Airbags Market: Major Trends and Drivers

Rising instances of driver negligence while driving has led to an increased demand for pedestrian protection airbags. This trend is likely to aid in the expansion of the global automotive external side airbags market in coming years. However, high cost associated with aftermarket installation and lower fuel economy of vehicles may hamper the development in the global automotive external side airbags market in coming years. On the other hand, rising popularity of autonomous vehicles is also expected to increase the adoption of the products in the global automotive external side airbags market exponentially in coming years.

Global Automotive External Side Airbags Market: Key Players and Manufacturers

Some of the major and leading vendors in the global automotive external side airbags market include Autoliv, Takata, Ashimori Industries, Continental, DELPHI, Nihon Plast, ZF TRW, Hyundai MOBIS, Toyoda GOSEI, Bosch, DAICEL, Key Safety Systems or KSS, and Ningbo Joyson Electronic, among others. Players and manufacturers in the global automotive external side airbags market are working steadily towards developing next generation of external side airbags that ensure maximum pedestrian safety.

Global Automotive External Side Airbags Market: Regional Assessment

Geographically, the North America region is expected to account for the largest share in the global automotive external side airbags market in coming years. This trend can be attributed to rising adoption of new and latest technologies pertaining to automobile safety as well as high disposable income amongst working professionals in regional economies such as Canada and the United States. Another region expected to showcase excellent development opportunities in the global automotive external side airbags market is Asia Pacific. Growth of the Asia Pacific region in the global automotive external side airbags market can be attributed to rising sales of luxury vehicles as well a growing automotive industry in the region.

Europe is expected to account for the significant share in the global automotive external side airbags market in coming years, owing to the presence of a massive number of automobile manufacturers in the region. Furthermore, recent regulations imposed by European commission to ensure pedestrian safety have compelled the European automotive manufacturers to invest heavily into research and development to innovate their external side airbags. This trend is also fostering the development in the global automotive external side airbags market in Europe in coming years.

Global Automotive External Side Airbags Market

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