India Airbag Market By Vehicle Type (Hatchback, Sedan, Multi-Purpose Vehicle, Sports Utility Vehicle and Light Commercial Vehicle), By Airbag Type (Front Airbag, Knee Airbag, Side Airbag and Curtain Airbag), By Demand Category (OEM’s and Aftermarket), By Company, By Region, Forecast & Opportunities, FY2026

India airbag market is expected to grow at a steady CAGR during the forecast period. The India airbag market is driven by implementation of strict norms and regulations regarding the safety of vehicles. Additionally, upsurge in number of road accidents is positively impacting the growth of market during the forecast period. Also, increasing demand for safer driving experiences is further expected to bolster the growth of market over the next few years.

The India airbag market is segmented based on vehicle type, airbag type, demand category, company and region. Based on vehicle type, the market can be categorized into hatchback, sedan, multi-purpose vehicle, sports utility vehicle and light commercial vehicle. Out of which, the hatchback vehicle type segment is expected to dominate the market during the forecast period. This can be ascribed to the fact that number of passenger cars is growing at a significant rate in the country.

In terms of airbag type, the market is fragmented into front airbag, knee airbag, side airbag and curtain airbag. Among them, the side airbag segment is projected to grow at a high pace in the next five years as these side airbags are designed to help protect an adult's chest in a serious side-impact crash.

The major players operating in the Indian airbag market are Autoliv Inc., Takata Corporation, ZF India Pvt. Ltd., Denso Corporation, Joyson Safety Systems, Robert Bosch GmbH, Toyoda Gosei Co. Ltd., Hyundai Mobis Co. Ltd., Continental AG, Aptiv PLC and others. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments in order to expand their geographic reach and to increase the customer bases.

Years considered for this report:

Historical Years: FY2016-FY2019

Base Year: FY2020

Estimated Year: FY2021

Forecast Period: FY2022–FY2026

Objective of the Study:

• To analyze and estimate the market size of India airbag market from 2016 to 2019.
• To estimate and forecast the market size of India airbag market from 2020 to FY2026 and growth rate until FY2026.
• To classify and forecast India airbag market based on vehicle type, airbag type, demand category, company and regional distribution.
• To identify dominant region or segment in the India airbag market.
• To identify drivers and challenges for India airbag market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India airbag market.
• To conduct pricing analysis for India airbag market.
• To identify and analyze the profile of leading players operating in India airbag market.
• To identify key sustainable strategies adopted by market players in India airbag market. 

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the companies, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India airbag market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Airbag manufacturers
• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to airbag

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India airbag market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• India Airbag Market, By Vehicle Type:
• Hatchback
• Sedan
• Multi-Purpose Vehicle
• Sports Utility Vehicle
• Light Commercial Vehicle
• India Airbag Market, By Airbag Type:
• Front Airbag
• Knee Airbag
• Side Airbag
• Curtain Airbag
• India Airbag Market, By Demand Category:
• OEM’s
• Aftermarket
• India Airbag Market, By Region:
• North Region
• East Region
• West Region
• South Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India airbag market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).