The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Asia Pacific Airbag Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2014 to 2020.
The team of researchers at Future Business Insights are focusing on research and market study to produce different Asia Pacific Airbag Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Asia Pacific Airbag Market.
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Automotive airbag companies such as Denso Corporation, Takata Corporation, and Toyoda Gosei Co. Ltd. are the major players in the Asia Pacific region. Other big players in the Asia Pacific airbag market include Autoliv, Inc., Robert Bosch GmbH, Delphi Automotive PLC, Continental AG, Hyundai Mobis Co. Ltd, and Key Safety Systems, Inc. This market is highly competitive in nature and competition between the airbag module manufacturing firms is increasing. The companies are also trying to gain an advantage in terms of cost through product development that is focused on reducing the cost by reducing material content, facilitating the ease of manufacture, and logistics management.
The interesting fact is that the use of air bag technology in two-wheelers can prove to be a challenge and yet, growth opportunity for market leaders. In a cost-sensitive market like APAC, automotive original equipment manufacturers (OEM) are expected to come up with economical airbags to capture the untapped market in APAC
Airbags comprise of three crucial elements, i.e. bags, crash sensors and inflation systems. On the basis of location of airbags within the vehicle, the airbags market is segmented into frontal airbag, side airbag, centre airbag, knee airbag, and rear curtain airbag. The largest market share is occupied by the centre airbag followed by the side airbag.
Technology development, increasing consumer acceptance and lower prices are pushing airbag utilisation to almost 100% in Japan. China is the largest producer of airbags in mass quantities owing to high automotive production. Regional players often license technology or partner with large airbag suppliers in order to enhance their presence in the market. The major trends identified in the market include use of new fabric technology and decrease in cushion weight.
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What is the size of the overall Asia Pacific Airbag Market in the Automotive Market and its segments?
What are the key segments and sub-segments in the market?
What are the key drivers, restraints, opportunities, and challenges of the Asia Pacific Airbag Market in the Automotive Market, and how they are expected to impact the market?
What are the attractive investment opportunities within the Asia Pacific Airbag Market in the Automotive Market?
What is the Asia Pacific Airbag Market in the Automotive Market size at the regional and country-level?
What are the key market players focusing on?
What are the strategies for growth adopted by the key players in Asia Pacific Airbag Market in the Automotive Market?
What are the recent trends in Asia Pacific Airbag Market in the Automotive Market? (M&A, partnerships, new product developments, expansions)?
What are the challenges to the Asia Pacific Airbag Market in the growth of the Automotive Market?
What are the key market trends impacting the growth of the Asia Pacific Airbag Market in the Automotive Market?
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