Airbag Sensors Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016R
Growth in the automotive industry is simultaneously increasing the demand for the airbag sensors all over the world.
United States, 9 August 2017 -- Growth in the automotive industry is simultaneously increasing the demand for the airbag sensors all over the world.
Global Airbag Sensors Market: Overview
To reduce the number of casualties caused in an accident, increasing number of safety precautions have been introduced in the vehicles. Airbag sensor system is one such safety device which automatically inflates during collisions or accidents preventing fatal and serious injuries to the travelers in an accident.
The global airbag sensors market is segmented into its type of airbags, type of sensors, mode of sensors, application, and geography. On the basis of the type of airbags, the market is divided into front, rear, knee, and side airbags. Based on the type of sensors, the market is segregated into gyroscopes, brake sensors, tachometers, pressure, impact, and accelerometer sensors. On the basis of mode of sensors, the market is classified into electrical and mechanical sensors. Based on application, the market is categorized into military, spacecraft, air planes, motor bikes, and cars. On the basis of geography, the market is divided into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe.
Global Airbag Sensors Market: Growth Factors
Growth in the automotive industry is simultaneously increasing the demand for the airbag sensors all over the world. Also, the car owners are inclining increasingly towards better safety precautions in their vehicles which have driven the car manufacturers to focus on providing better safety services. This has further fuelled the market growth of airbag sensors market all over the world. Other factors such as government policies forcing the manufacturers to provide airbag system consisting of airbag sensors, competition among the manufacturers to provide the customers with the latest provisions of safety and the statistical data indicating the reduction in the number of deaths due to an adoption of airbags have influenced the market demand significantly. General factors such as increase in the per capita income, rapid urbanization and increasing concern about the safety of the family among individuals have boosted the market growth to a considerable level. However, the market demand is negatively influenced by factors such as the improper installation of the airbag sensor, restrictions imposed on the transport, sale, service or handling of an airbag and its components, lengthy and complicated replacement procedures of the system and fault arising in the airbag sensors.
The largest share of the airbag sensors market is held by North America. The technological advancements and government regulations in this region especially in the U.S. are boosting the market growth in North America. Following North America in its growth are Europe and Asia Pacific. Growth in these regions can be attributed to the rise in the demand for safety equipment in the vehicles and increasing sale of cars. A fair share of the market growth is also contributed by Latin America and the Middle East and Africa.
Global Airbag Sensors Market: Competitive Players
Some of the major companies in the airbag sensors market include Robert Bosch Gmbh, Delphi Corporation, Autoliv, Takata Corporation, Ashimor, ZF Friedrichshafen AG, Toyoda Gosei Co. Ltd., KSS, Nihon Plast Co. Ltd., and Hyundai Mobis.
Airbag Sensors Market by Regional Analysis: North America( U.S.), Europe( UK, France, Germany), Asia-Pacific (China, Japan, India), Latin America( Brazil), Middle East and Africa
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