Air Sea Logistics & Automotive Transportation News

Global automotive airbag market forecast 2016-2021 available in new report

Global opportunity in automotive airbag market: Lucintel anticipates rapid growth of the automotive safety systems market and rising vehicle production to catalyze growth within the next five years.

According to a new market report published by Lucintel, the future of airbags in the global automotive industry Make an Inquiry about this news looks good with strict governmental regulations on vehicle safety and increasing vehicle production. Airbags in the global…ve_component.aspx Make an Inquiry about this news industry is forecast to grow at a CAGR of 4.6% from 2016 to 2021.

The major drivers of growth for this market are governmental regulations on safety standard, increasing number of traffic fatalities, increasing awareness on vehicle safety, and development of low-cost airbags.

In this market front, side, curtain, and knee are the major application areas of airbag components in a vehicle.