DUBLIN--(BUSINESS WIRE)--Dec 19, 2022--

The “Airbag Electronics: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Airbag Electronics estimated at 182.2 Million Units in the year 2020, is projected to reach a revised size of 264.8 Million Units by 2027, growing at a CAGR of 5.5% over the analysis period 2020-2027.

Compact Cars, one of the segments analyzed in the report, is projected to record a 7.1% CAGR and reach 76.9 Million Units by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mid-Sized Cars segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at 53.8 Million Units, While China is Forecast to Grow at 5% CAGR

The Airbag Electronics market in the U.S. is estimated at 53.8 Million Units in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of 46.3 Million Units by the year 2027 trailing a CAGR of 5% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.

Premium Cars Segment to Record 4.7% CAGR

In the global Premium Cars segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment.

These regional markets accounting for a combined market size of 22.2 Million Units in the year 2020 will reach a projected size of 30.6 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 43 Featured) -

• Ashimori Industry Co., Ltd.
• Autoliv, Inc.
• Denso Corporation
• Hyundai Mobis Co., Ltd.
• Joyson Safety Systems
• Nihon Plast Co., Ltd.
• Ningbo Joyson Electronic Corp.
• Takata Corporation
• Toyoda Gosei Co., Ltd.
• ZF Friedrichshafen AG

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Airbag Electronics - Global Key Competitors Percentage Market Share in 2020 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/so376m

View source version on businesswire.com:https://www.businesswire.com/news/home/20221219005404/en/

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KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE MANUFACTURING MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 12/19/2022 06:45 AM/DISC: 12/19/2022 06:46 AM

http://www.businesswire.com/news/home/20221219005404/en