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(Transportation-News.com, January 19, 2019 ) Automotive curtain airbags sales are increasingly influenced by increasing emphasis on safety among the passengers and automakers alike, which has led integration of enhanced technology to reduce the risk of accidents & injuries. In an attempt to provide flexible transportation system embedded with security, the automotive manufacturers are integrating the automotive curtain airbags in vehicles. Uncertainty of accidents - the result of wear and tear of the vehicle, complex designs of the vehicle, and frictional resistance - continue to drive growth of the Automotive Curtain Airbags Market. Attributed to such factors, demand for automotive curtain airbags is expected to increase in the automotive industry globally.
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According to a recently published a report, the global automotive curtain airbags market is expected to represent a value of over US$ 200 Mn by the end of 2022.
Consumption in the Healthcare Industry
Besides the automotive industry, the automotive curtain airbags market also witness significant opportunities in the healthcare industry. During an unexpected accident, the automotive curtain airbags protect the heads and the necks of the patients. The ambulance manufacturers continue to integrate the roll sensors in the ambulance, which enables the system to deploy protection during an unexpected accident, thereby driving automotive curtain airbags sales.
Government in various countries are increasingly imposing regulations regarding the safety facilities in the automotive industry. Bound to imposition of government regulations, manufacturers are increasingly installing devices for the safety of the passengers. This has directly influenced growth of the automotive curtain airbags market.
A key factor for drop in the sales in the automotive curtain airbags market is due to deployment on slight collision of the automotive. Moreover, the players in automotive curtain airbags market are increasingly integrating advanced technology that deploy the airbags outside the vehicle in order to ensure that the passengers and the body of the vehicle remain damage-free. Attributed to such factors, growth of the automotive curtain airbags market is expected to rev up during the forecast period.
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OEM to Represent a Leading Segment
Surge in demand for airbags that are resistant to oil, heat, ozone, and chemicals has led automotive curtain airbags market players to prefer neoprene for coating the airbags. Neoprene coated automotive curtain airbags are expected to witness the highest revenue growth in the global market. The neoprene coated segment is expected to represent a value of nearly US$ 50 Mn by the end of 2022. However, the silicone coating segment is expected to register the highest CAGR in the automotive curtain airbags market throughout 2022.
On the basis of yarn type, the nylon type segment is expected to witness the highest revenue growth in the automotive curtain airbags market. By the end of 2017, nylon as compared to other types of yarn is expected to represent a value of over US$ 40 Mn globally. The nylon type segment is expected to register the highest CAGR in the automotive curtain airbags market throughout 2022.
OEM as compared to other channels of sale is expected to witness highest revenue growth in the automptive curtain airbags market. The OEM segment is expected to represent a value over US$ 50 Mn by the end of 2017. However, sales of the automotive curtain airbags is expected to remain high through the aftermarket channels. The aftermarket channel is expected to register the highest CAGR in the automotive curtain airbags market throughout 2022.
Mid-sized passenger cars is expected to witness the highest revenue growth in the automotive curtain airbags market. The mid-sized passenger segment is expected to represent a value of nearly US$ 15 Mn by the end of 2022. However, the compact passenger cars segment is expected to register the highest revenue growth in the automotive curtain airbags market throughout 2022.
Competition Tracking
Leading market players operating in the automotive curtain airbags market include Autoliv, Inc., Takata Corporation, Daicel Corporation, Denso Corporation, Hyundai Mobis Co. Ltd., Toyoda Gosei Co. Ltd., ZF Friedrichshafen AG, Kolon Industries, Inc., Toray Industries, Inc., and Delphi Automotive PLC.
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