Market Overview

Global Airbag Control Unit Market Accounted For USD 6,927 Million In 2022 And Is Expected To Reach USD 10142 Million By 2030, Growing At A CAGR Of 5.7% From 2022 To 2030.

Before triggering the relevant restraint systems, the airbag control unit will first determine the kind of the collision it has detected and evaluate its severity. However, if this gadget is harmed in any way, whether by dampness, physical force, or other circumstances, it will lose the ability to function properly. For instance, when a collision happens, the airbags will deploy even though the body control module and the airbag module have faulty wiring. This will cause the airbags to deploy without sensing the impact of the accident. Before getting behind the wheel, these components need to be analysed and evaluated.

It is estimated that over 1.3 million people are killed each year as a result of traffic accidents around the world, and this figure is only going up. The safety of passengers is prioritised both by government regulations and by the company's own principles for consumer protection and security. As a direct consequence of this, automobile manufacturers are required to install various forms of safety devices in their products. North America and Europe are the principal consumers of airbags worldwide because of the broad acceptance of them and the regulatory laws that require their use. Over the past few years, Asia-Pacific has established itself as a significant market for airbags.

Market Dynamics

Drivers: Government rules that will make more people want airbags

Airbags have been very important in making sure that people in cars are safe during crashes. With the number of car accidents happening on the roads around the world going up, states are making it mandatory for cars to have airbags. This is likely to make more people want to buy cars with airbags.

In the US, for example, the National Highway Traffic Safety Administration (NHTSA) has made it a law that all cars must have airbags. In the same way, since 1998, all passenger cars in the European Union have had to have airbags installed by law. Over the years, these rules have been changed to make sure that airbags are safer.

Also, governments all over the world are stressing how important it is to keep vehicles safe, and airbags are becoming an important part of that. This has led to safety standards being put in place all over the world, which is likely to increase the demand for airbags in the car market.

Airbags are also in demand because people are becoming more aware of how safe their cars are. People are getting more worried about the safety of their cars and are willing to pay more for things like airbags that make them safer. This trend is likely to keep going in the future, which will help the airbag market grow.

Increasing adoption of electric and hybrid vehicles

The growing number of electric and hybrid cars is a big reason why the market for airbag control units is growing. As the number of people who want electric and hybrid cars grows because of concerns about carbon emissions and gas mileage, the number of people who want improved safety features in these cars also grows. Airbag control units are an important part of making sure that guests and drivers are safe in case of an accident or collision.

Electric and hybrid cars have high-tech features that require complex electrical systems, such as airbag control units, to work properly. The batteries in these vehicles have a high voltage, so extra safety steps are needed to keep passengers and drivers safe. Airbag control units are very important because they make sure that the airbags work right in case of an accident. This lowers the risk of major injury or death.

As governments all over the world keep putting in place strict rules about vehicle safety and pollution, the market for electric and hybrid vehicles is expected to grow a lot. This, in turn, will boost the rise of the market for airbag control units, since these cars need advanced safety features to meet regulations and keep passengers and drivers safe.

Challenges/Restraints: Sensor Failure, Inflation and Chemical Issues, and the Risk of Airbag Explosion to Stunt the Market Growth

Airbags are supposed to protect the driver and other people in the car in case of a crash. But sometimes they might not do that. Airbags could go off by accident or not go off when they should. When the airbag goes off, the passenger's head or body may get hurt badly because it is too close to the airbag.

Frontal airbags save more than 60,000 lives every year, which shows how useful they are. Airbags are supposed to save lives, but they can sometimes hurt people. Depending on the seriousness of the crash and the quality of the airbag, airbags can cause anything from cuts on the face to broken noses.

Takata is recalling millions of cars with airbags made by the company. When these airbags are exposed to high heat and humidity for a long time, they may explode when they are used, hurting or killing people.

Opportunities: Government Imposed Vehicle Safety Regulations Creates Opportunities in the Untapped Latin Market

Several countries have now implemented strict vehicle and passenger safety standards worldwide. However, Latin America's largest countries, including Argentina, Brazil, Colombia, Ecuador, Mexico, and Uruguay, have opted out of such rules. These countries' governments are now evaluating UN Regulations and consumer information systems to improve safety and minimize the rate of accidental fatalities.

More and more people want airbag control units that are small and light

The automotive business wants more and more airbag control units that are small and light. The old airbag control units were big and heavy, which made it hard for automakers to come up with new designs and made the cars heavier. But as technology has improved, the latest airbag control units are made to be small and easy to carry.

The lightweight and small airbag control units not only give automakers more design options, but they also help make cars more fuel efficient. As the auto industry moves toward electric and hybrid vehicles, the need for small, lightweight airbag control units is likely to grow.

Also, the small and light airbag control units are easier to connect to the rest of the vehicle's electrical system. This makes installation easier and cheaper. This makes them even more popular in the car business.

Major Segments Covered

• Passenger Vehicle

• Commercial Vehicle

• OEMs (Original Equipment Manufacturers)

• Aftermarkets

• Driver Airbag

• Passenger Airbag

• Side Airbag

• Knee Airbag

• Others (such as curtain airbags):

Regional Insights

A lot of growth in the Asia-Pacific region. The airbag control module runs the whole system of airbags. In the case of a crash, the airbag is a key safety feature that keeps passengers from getting seriously hurt. It could be dangerous if not treated carefully. So, the airbag control unit (ACU) is in charge of the whole system and talks to all of the sensors to figure out if an airbag should go off in a certain case.

Asia-Pacific is the biggest maker of vehicles in the world, with a USD 3,949 million market share in 2017 and a CAGR of 6.6% from 2017 to 2027. In the area, you can find all of the big car companies, like Volkswagen, Toyota Motor Corp., Honda Motor Co. Ltd., and General Motors Co. Also, there are a lot of country producers on the Asia-Pacific market.

Our study shows that more than 45 percent of all vehicles are made in the Asia-Pacific region. China and India are two of the countries in the area with some of the fastest-growing populations in the world. Asian economies and businesses are changing, which doesn't come as much of a surprise given that the region's population is growing quickly. One of these is the automotive business. As the number of people in a place grows, so does the need for good transportation.

At the moment, 25.05 percent of the world market for car airbags comes from Europe, which is the second largest region. This is because there are a lot of well-known makers in the area and a lot of research and development going on. Also, there has been a big rise in demand for electric cars (EVs) and driver safety systems in Europe, which has led to the use of airbags. On the other hand, the European market for car airbags is about to mature, which will keep the growth of the business going.

Competitive Analysis

Scope Of Report

Key Vendors

• Continental AG
• Aptiv Plc
• Toyoda Gosei
• Denso Corporation
• Robert Bosch
• Key Safety Systems
• Mitsubishi Electric
• ZF
• Infineon Technologies AG
• Rhodius GmbH
• Tokia Rika
• Sumitomo Electric Industries Ltd.
• Ashimory Industry
• Telamon

1. Continental AG

Continental creates new technologies and services that help people and their things move around in a way that is sustainable and connected. The technology company has been around since 1871. It offers solutions for vehicles, machines, traffic, and transportation that are safe, efficient, smart, and cheap. Continental made €39.4 billion in sales in 2022 and has about 200,000 employees in 57 countries and areas.

2. Aptiv Plc

Aptiv is the only company that offers an integrated brain and nervous system for vehicles. We work with our customers to make software-defined vehicles and solve the toughest problems in mobility, such as autonomous driving, vehicle electrification, improved safety, and more. They think that movement can make the world a better place.

3. Toyoda Gosei

Toyoda Gosei is one of the biggest companies in the world that makes rubber and plastic car parts, safety systems, and LEDs. The Group's wide range of goods are sold all over the world through a network of 64 group companies in 17 countries and regions. In the Americas, they have been making cars for more than 30 years and have shown that they are good at it. Their 25 locations in Canada, the U.S., Mexico, and Brazil aim to provide the industry with the best levels of quality, innovation, and customer satisfaction.

4. Denso Corporation

DENSO is one of the world's biggest suppliers of technology and parts for cars. Their products can be found in almost all cars around the world, including those made by Toyota, Honda, FCA, General Motors, Ford, Volvo, Mercedes-Benz, and others. Their more than 24,000 North American employees, who include smart engineers, hard-working researchers, skilled craftspeople, and hard-working pros, work in offices and factories around the world to come up with new ideas and improve the future of Connected Cars, Automated Drive, Shared Mobility, and Electrification.

5. Robert Bosch

The Bosch Group is a major provider of technology and services around the world. As of December 31, 2022, it had about 421,000 employees all over the world. In 2022, 88.2 billion euros were made by the company in sales. Its business is split into four areas: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.

Bosch is one of the top Internet of Things (IoT) companies, and it offers new solutions for smart homes, Industry 4.0, and connected transport. Bosch wants to make transportation that is safe, fun, and good for the environment. It uses its knowledge of sensor technology, software, and services, as well as its own IoT cloud, to give its customers connected, cross-domain solutions from a single source. Bosch improves people's lives all over the world with new and exciting goods and services. In short, Bosch makes technology that is "Invented for life."

Recent Developments

• In February 2022, DENSO Corporation ("DENSO") and Sony Semiconductor Solutions Corporation ("SSS") stated that DENSO would invest USD 0.35 billion in Japan Advanced Semiconductor Manufacturing, Inc. ("JASM"), TSMC's manufacturing affiliate in Kumamoto Prefecture, Japan. As a result of this equity deal, DENSO will own more than 10% of JASM.

• In January 2022, Continental AG and Volterio will work together to make charging robots for electric cars that are fully automatic.

• In January 2022, Toyoda Gosei Co., Ltd. (TOKYO:7282), which makes parts for car gears, made an oil pump that weighs less by replacing some metal parts with plastic ones.

• In February 2022, a contract was given to the Mitsubishi Electric Corporation to provide communications-based train control (CBTC) wayside technology for the Queens Boulevard Line's (QBL) east end.

Market Segmentation

This portion of the study on the Airbag control unit market gives detailed data on the segments at the country and regional level, thereby aiding the strategist in determining the target demographics for the relevant product or service and the impending opportunities.

By Vehicle Type

• Passenger Vehicle
• Commercial Vehicle

By Distribution Channel

• OEMs
• Aftermarkets

By Application

• Driver Airbag
• Passenger Airbag
• Side Airbag
• Knee Airbag
• Others (such as curtain airbags)

 Global Airbag control unit Market Regional insights

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • UK
  • Nordic Countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia-Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Conclusion:

The market for airbag control units is likely to keep growing because more people are buying electric and hybrid cars and because people want control units that are small and light. But problems like sensors that don't work, problems with filling and chemicals, and the risk of airbags exploding could slow the growth of the market. The market is divided by distribution route, application, and region, and there are many major players in it, such as Autoliv, Robert Bosch GmbH, ZF Friedrichshafen AG, Continental AG, Denso Corporation, Hyundai Mobis Co., Ltd., and more. As new technologies come out and rules change, the market for airbag control units is expected to change even more in the coming years.