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Automotive Airbags Market Growth Analysis & Forecast Report | 2020-2026

The automotive airbags market is anticipated to observe considerable growth owing to increasing emphasis and adoption of safety features to minimize the risk of fatality. Several countries over the world have begun to impose stringent regulations to promote passenger and vehicle safety. Rising vehicle sales have supported the demand for airbags. For the record, automotive airbags are inflatable cushions that are strategically placed in a vehicle to curb the effect of an impact or accident on travelling occupants. It uses multiple sensors to detect the direction of impact and triggers rapid inflation of bags.

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Automotive Airbags Market Growth Analysis & Forecast Report | 2020-2026

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  1. Automotive Airbags Market Share, Trend & Growth Forecast to 2026

  2. KeyInsights Automotive Airbags Market : • The automotive airbags market is anticipated to observe considerable growth owing to increasing emphasis and adoption of safety features to minimize the risk of fatality. Several countries over the world have begun to impose stringent regulations to promote passenger and vehicle safety. Rising vehicle sales have supported the demand for airbags. • For the record, automotive airbags are inflatable cushions that are strategically placed in a vehicle to curb the effect of an impact or accident on travelling occupants. It uses multiple sensors to detect the direction of impact and triggers rapid inflation of bags.

  3. Continued… • Generally, airbags are installed at the sides, frontal, knee, and side curtain section of a vehicle. Knee side airbags segment is estimated to garner remarkable growth, registering 4% CAGR over the predicted timeframe. These airbags offers below waist protection to passengers in case of a collision. • Automakers are integrating these airbags in their new vehicle model to attain higher safety rating. Taking January 2020 for instance, TATA’s latest premium hatchback, the TATA Altroz received a strong 5-star rating from the Global NCAP after testing its safety features.

  4. Latest Research Automotive Airbags Market @ https://bit.ly/2ZAooyt Request for a Sample Copy of This Research Report @ https://bit.ly/30hiVM5

  5. Major Companies Automotive Airbags Market : • Autoliv • Ashimori Industry • Denso Corporation • Continental AG • Joyson • Hyundai Mobis • Toyota Gosei • ZF Friedrichshafen AG

  6. Regional Automotive Airbags Market : • According to the regional outlook, Asia Pacific is recognized as a promising market for automotive airbag companies. Forecasts claim that the regional market could register a compound annual growth rate of more than 5.5% by 2026. • This growth can be attributed to rising awareness among local population about the importance of vehicle safety and surging presence of automobile companies. Notably, automotive OEMs are working on unveiling new vehicles with better safety standards with an affordable prices point. Federal bodies in APAC are meanwhile mandating compliance with strict safety norms and crash tests to enhance passenger safety.

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