DUBLIN, Mar. 8, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Automotive Curtain Airbags Market - Forecasts and Trends (2016 - 2021)" report to their offering.
The automotive airbag market is valued at $13.75 billion by the end of 2015. The market is expected to grow at a CAGR of 18.25% during the forecast period. The installation rates of curtain airbags in new vehicles is expected to exceed 65% in both North America and Europe by the end of 2017, driven by the mandate of the federal law in these regions.
In the effort to develop safer cars, OEMs are keen on providing airbags for additional safety. A recent and trendy innovation is the usage of the curtain airbags, which has proven to be valuable as well as handy. Increased emphasis on safety by the OEMs coupled with the growing pressure from regulatory bodies are helping to drive the growth of this market. Curtain airbags are effective in reducing the impact of side-crashes. The significant reduction in the cost of these airbags have resulted to a greater adoption among the high volume mid-segment vehicles. Curtain airbags has earned significantly higher safety ratings for passenger cars and minivans as well. OEMs are finding different ways to adopt side curtain technology for niche applications, especially for commercial vehicles and SUVs, which are vulnerable to higher degree of risk and safety concerns.
Drivers of convertibles and SUVs, currently relish the benefits of side curtain protection and rollover-specific security vulnerable for these vehicles. In addition, curtain airbags are equally useful with the growing popularity of subcompacts. Further, the increasing demand of micro cars, which would use curtain airbags to protect the passengers' necks, would help in driving the need of curtain airbags. If curtain airbags prove effective for rear collisions, they could be instrumental in helping improve public perception of small and efficient cars.
- East Joy Long Motor Airbag
- Sumitomo Corp
- Toyoda Gosei
- Visteon Corp
Key Topics Covered:
2. Key Findings
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. Global Automotive Curtain Airbags Market, By Application
7. Global Automotive Curtain Airbags Market, By End Consumers
8. Global Automotive Curtain Airbags Market, By Vehicle Type
9. Global Automotive Curtain Airbags Market,By Geography
10. Competitive Landscape
11. Key Vendor Analysis
12. Future And Investment Outlook
For more information about this report visit http://www.researchandmarkets.com/research/dmjtpb/global_automotive
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-automotive-curtain-airbags-market-to-grow-at-a-cagr-of-1825-by-2021---installation-rates-of-curtain-airbags-to-exceed-65-in-north-america--europe---research-and-markets-300420217.html
SOURCE Research and Markets