The global automotive airbag electronic control unit market size is expected to grow by USD 11.88 million during 2020-2024, progressing at a CAGR of 2% during the forecast period. Download Free Sample Report
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Technavio has announced its latest market research report titled Global Automotive Airbag Electronic Control Unit (ECU) Market 2020-2024 (Graphic: Business Wire)
Mandatory incorporation of airbags in vehicles and increased production of automobiles are the major factors propelling market growth. However, factors such as the growing complexity and number of ECUs in a vehicle are hampering market growth.
An airbag is an essential safety component that helps in reducing injuries during an accident. It serves as an occupant restraint system. Increasing safety concerns and government regulations have made the installation of airbags mandatory in all vehicles. A vehicle may be equipped with two to six airbags, which are placed at various locations. Standardized airbags include frontal airbags, knee airbags, and curtain airbags. Luxury vehicles are equipped with six to ten airbags. Regulatory specifications with regard to safety standards vary from country to country. According to the United States Federal Motor Vehicle Safety Standard, vehicles manufactured in the US, post April 1, 1989, should be equipped with airbags. In addition, automakers based in emerging countries such as India have also been directed to provide airbags as mandatory and standard equipment in all vehicles manufactured post October 2018. Thus, mandatory incorporation of airbags in vehicles will drive the demand for automotive airbag ECU, thereby propelling market growth.
More details: www.technavio.com/report/automotive-airbag-electronic-control-unit-market-industry-analysis?
Global Automotive Airbag ECU Market: Application Landscape
Based on the application segmentation analysis, the passenger cars segment is expected to witness lucrative growth during the forecast period. The passenger car segment accounted for the major share of the automotive airbag ECU market due to its high demand from the luxury segment in both developed and developing countries. Moreover, the increase in purchasing power in the APAC region also contributed to the growth of this segment.
Global Automotive Airbag ECU Market: Geographic Landscape
As per Technavio's geographical segmentation, the Asia Pacific region is expected to offer several growth opportunities to market vendors during the forecast period. The growth of the automotive airbag ECU in APAC can be attributed to the growth of the automotive industry in the region. This is due to the high purchasing power and increased per capita income levels in countries such as China, Japan, India, South Korea, and Indonesia.
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Companies Covered
- Aptiv Plc
- Autoliv Inc.
- Continental AG
- Denso Corp.
- Hitachi Ltd.
- Hyundai Mobis Co. Ltd.
- Infineon Technologies AG
- Mitsubishi Electric Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2018, 2019, 2020, till 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automotive Airbag Electronic Control Unit Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist automotive airbag electronic control unit market growth during the next five years
- Estimation of the automotive airbag electronic control unit market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive airbag electronic control unit market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive airbag electronic control unit market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger cars Market size and forecast 2019-2024
- LCVs Market size and forecast 2019-2024
- MCVs and HCVs Market size and forecast 2019-2024
- Market opportunity by Application
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- 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
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Aptiv Plc
- Autoliv Inc.
- Continental AG
- Denso Corp.
- Hitachi Ltd.
- Hyundai Mobis Co. Ltd.
- Infineon Technologies AG
- Mitsubishi Electric Corp.
- Robert Bosch GmbH
- ZF Friedrichshafen AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
For more information about this report visit www.technavio.com/report/automotive-airbag-electronic-control-unit-market-industry-analysis?
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200714005817/en/
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