The automotive airbag sensor market is projected to witness a substantial increase of GBP 220.4 million from 2022 to 2027, with a cumulative annual growth rate of 6.36%. A key driving force behind this ascent is the rise in Micro-Electro-Mechanical Systems (MEMS) sensors, which are significantly enhancing vehicle safety and performance.
These MEMS sensors have the capability to detect even the minutest environmental changes inside and outside the vehicle, transmitting critical data to control units (ECUs) for immediate responses such as skid prevention and airbag deployment. Leading industry players like Robert Bosch are at the forefront of integrating state-of-the-art MEMS sensors into their airbag systems, contributing to the positive growth forecasts within the market.
The global automotive airbag sensor market is characterized by its fragmentation, comprising numerous global and regional vendors. Notable entities in this landscape include Analog Devices Inc., Aptiv Plc, and Autoliv Inc. Autoliv Inc., specifically, offers airbags, seatbelt products, and components, with a key offering being crash sensor-equipped airbags.
The market is anticipated to experience significant market share growth in the passenger cars segment, driven by the high penetration of frontal airbags and the increasing adoption of side/curtain, knee, and exterior airbags in this category. Despite the temporary impact of COVID-19 on passenger car production and sales, resulting in diminished demand for automotive airbags, production has resumed in key automotive countries, which is expected to contribute to the segment’s growth.
Geographically, the APAC region is poised to hold the largest share of the market, contributing 56% to the global market’s growth during the forecast period. Additionally, the trend of consolidation through acquisitions in the automotive airbag and its component market, coupled with the production shift to low-cost countries, is a significant emerging trend propelling market growth.
In terms of applications, the automotive airbag sensor industry encompasses various safety features, including inflatable restraint systems such as side-impact airbags, frontal collision detection, and other sensor-based safety systems. These systems play a crucial role in meeting vehicle safety regulations and enhancing automotive passive safety measures.
In addition to the automotive airbag sensor market, other related markets such as the automotive steel wheels market and the automotive infotainment systems market are also projected to experience significant growth in the coming years.
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For more detailed information, it is recommended to refer to the full report provided by Technavio, which encompasses in-depth market segmentation, competitive landscape analysis, and valuable insights into the automotive airbag sensor market and its related industries.
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