COVID-19 market impact analysis anticipates Negative and Inferior growth of the automotive airbag sensor market, while 54% of the market’s growth will originate from APAC during the forecast period, according to Technavio report Global Automotive airbag sensor market with COVID-19 analysis.
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Technavio has announced its latest market research report titled Global Automotive Airbag Sensor Market 2020-2024 (Graphic: Business Wire)
Technavio’s market research report has identified increasing vehicle safety with more airbags as one of the primary factors that will fuel the growth of the automotive airbag sensor market in the coming years. Airbags are present in steering panels, front instrument panels, and sides of car doors. The airbag sensor senses the probability of collision and sends a signal to the electronic control unit (ECU) and the ECU deploys the airbag and prevents the passengers from getting injured. With the increasing safety awareness among the consumers, the number of airbags per vehicle will increase and this will drive the growth of this market. Furthermore, this industry research report also presents a competitive analysis of the market by application (passenger cars, LCVs, and M and HCVs) and geography (APAC, Europe, MEA, North America, and South America).
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Competitive vendor landscape
The global Automotive airbag sensor market is highly competitive with major vendors such as Analog Devices Inc., Continental AG, DENSO Corp., Hella GmbH & Co. KGaA, Infineon Technologies AG, Mitsubishi Electric Corp., NXP Semiconductors NV, Robert Bosch GmbH, Toyoda Gosei Co. Ltd., and ZF Friedrichshafen AG., competing based on price, quality, and market presence.
“Apart from the increasing vehicle safety, the production shift to low-cost countries and the growing importance of crash tests and NCAP ratings are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
Top Five Automotive Airbag Sensor Market Vendors
Analog Devices Inc.
Analog Devices Inc. operates its business under various segments such as industrial, communications, automotive, and consumer. The company offers airbag sensors like ADXL251, ADXL151, among others.
Continental AG operates its business under five segments, which include chassis and safety, interior components, powertrain components, tires, and ContiTech. The company offers airbag sensors in its airbag control unit.
DENSO Corp. has business operations under various segments, namely thermal systems, powertrain systems, electrification systems, mobility systems, electronic systems, and non-automotive businesses (factory automation and agriculture). The company offers airbag sensing systems to various automobile manufacturers.
Hella GmbH & Co. KGaA
Hella GmbH & Co. KGaA operates its business under three segments, which include automotive, aftermarket, and special applications. The company offers airbag sensors for passenger car airbag system.
Infineon Technologies AG
Infineon Technologies AG operates its businesses under segments: automotive, industrial power control, power management and multimarket, and digital security solutions. The company offers sensor solutions for several automotive applications including airbags.
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Global Automotive Airbag Electronic Control Unit Market 2020-2024 – The market research study identifies Aptiv Plc, Autoliv Inc., Continental AG, Denso Corp., Hitachi Ltd., Hyundai Mobis Co. Ltd., Infineon Technologies AG, Mitsubishi Electric Corp., Robert Bosch GmbH, and ZF Friedrichshafen AG., as the leading players in the global automotive airbag electronic control unit market.
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Table of Contents:
Value chain analysis
Five Forces Analysis
Market Segmentation by Application
Comparison by Application
Passenger cars – Market size and forecast 2019-2024
LCVs – Market size and forecast 2019-2024
M and HCVs – Market size and forecast 2019-2024
Market opportunity by Application
APAC – Market size and forecast 2019-2024
Europe – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers – Demand led growth
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