Automotive Airbag Sensors Market Technological Advancements, Growth Opportunity and Forecast 2018-2026
Airbag sensors are part of the safety
arrangement inculcated into cars for protecting the passenger’s head and chest
area from being hurt during collision. The sensors are responsible for
detection of sudden deceleration in a collision. Although these sensors are
located throughout the vehicle, they are majorly present at the front side and
behind the front fender to detect an impact at the front and in the side column
to detect a side impact. The sensors trigger the airbag to go off whenever it
detects a collision.
Increasing sales of vehicles and continues
innovation by OEMs for providing better safety systems in car have accelerated
the market, globally.
The market for air bag sensors is primarily
driven by growing automobile industry and the demand for airbag employed in
Light Commercial Vehicle (LCV) and trucks. Increasing rate of fatal accidents
are propelling demand for airbag in the vehicle. For Instance, according to the
association for safe international road travel, an estimated 3,287 deaths per
day were reported due to road accidents. Automakers are focused on providing
safety measure in car models by continuously innovating the systems to provide
better facilities regarding safety of people. For instance, ZF Friedrichshafen
AG, a germen car parts manufacturing company announced that by 2019, the
company will provide a knee airbags to the European vehicle manufacturer.
The airbag prevent passengers from striking
their head at the time of a crash, even if they forget to buckle up, while they
are driving. Owing to the advantages of airbag systems in vehicles, the
government bodies have imposed regulation on the automobile industries for
inclusion of airbag safety modules in car models. These safety modules purely
depend on the efficiency of the sensors used for manufacturing them. Sensors
are responsible for accurately measuring the impact of collision and trigger
the air bags to go off. The demand for airbags is high in the LCVs, as they are
widely used for last mile connectivity and for distribution of goods and
transportation of material of light construction.
Moreover, increase in per capita income and
rapid growth in urbanisation has increased adoption of automobiles across the
world. For instance: according to the International Organization of Motor
Vehicle Manufacturers, the sales or registration of new passenger car was 69.5 million
units in 2016 up from 66.3 million units. The government regulations related to
safety measure vary on the basis of country. The intensity crash for deployment
of the airbag depends on the market they are intended for. For instance, the
U.S. imposed a regulation for the deployment of airbags for a deceleration of
23km/h for collision. International regulations are performance-based rather
than technology-based, so airbag deployment threshold is a function of overall
vehicle design.
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Automotive Airbag sensor Market: Regional Insight
The regional market for the airbag sensors is
segmented into North America, Europe, Asia Pacific, Latin America, the Middle
East, and Africa.
Asia Pacific held the dominant position in the
airbag sensors market and is expected to retain its dominance throughout the
forecast period. India, China, Japan are some of the major countries, which
drive growth of the airbag sensors market in this region. Furthermore, high
sales of automotive vehicles in Asia Pacific is one of the major driving factor
for growth of the market in this region. For instance, according to the
International Organization of Motor Vehicle Manufacturers, the sales or
registration of new passenger cars was 2.97 million units in India in 2016, and
it increased from 2.77 million units in 2015. Similarly, in china the sales or
registration of new passenger cars were 24.38 million units in 2016, which
increased from 21.21 million units in 2015. Moreover, increasing government
regulation related to automotive vehicle safety have accelerate the market
growth in this region. For instance, in 2017, India Union minister of road
transport & highway announced the Bharat new vehicle safety assessment
program in which airbags, anti-lock braking system, and seat belt become
mandatory to install in new vehicles.
Automotive Airbag Sensor Market: Competitive
Insight
key players operating in the airbag sensor
market include Autoliv Inc., Continental AG, Denso Corporation, Freescale
Semiconductor, Key Safety Systems, Mitsubishi Electric Co., Ltd., Robert Bosch
Corporation, Takata Corporation, Toyoda Gosei, and TRW Automotive
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