India Car Airbag Market is projected to reach US$20 Bn in 2019, and grow at CAGR of over 42% during forecast period.
Due to rise in the number of accidents, demand for passenger car airbags is rising at a robust across the country. Also, government of India has made it mandatory for the car makers to install airbags in all the cars which would further boost demand for airbags in the country during the forecast period.
Based on airbag type, the market is segmented into front airbag, side airbag, curtain airbag and knee airbag. Front airbag segment dominates the market with the largest share as they are installed in steering wheel and the front side of passenger to protect the chest and head.
All new models launched after October 2017 will have to endure crash tests and post Oct 2018, manufacturers will need to provide airbags and ABS (anti-locking braking system) on all models as standard. Government's augmented focus on upgrading safety standards in cars sold in India will result in a windfall for producers of airbags.
In 2013, UK-based New Car Assessment Programme (NCAP) has conducted crash tests in which many of the bestselling models in India have failed, that made Indian government to formulate new vehicle safety assessment programme, Bharat New Vehicle Safety Assessment Program (BNVSAP) for the Indian market.
According to Government's recent notification, ABS will be made mandatory in all the new models (with engine size above 125cc) from April 2018 onwards, while 2Ws below 125cc can either have ABS or Combined Braking System (CBS). For all the existing models, the deadline stands at April 2019.
Years Vehicles Sold in percent’s (%)
2014-15 30 % of Vehicle Sold In India Had Airbags
2017 60-70 % of Vehicle Sold Are Having Airbags
2020 It Will Reach To 100% before 2020
Major key players operating in the India Car Airbag Market include Takata, Autoliv, TRW, Toyoda Gosei, Delphi Automotive, Robert Bosch GmbH, Denso Corporation, Continental AG, Key Safety Systems, Hyundai Mobis Co. Ltd, Autoliv India Private Limited, Rane TRW Steering Systems Limited, Mobis India Limited, Ashimori India Private Limited, Daicel Chiral Technologies India Private Limited, Hyosung Corporation India Private Limited, Porcher Industries and Toray Industries India Private Limited.
Scope of India Car Airbag Market:
India Car Airbag Market by Vehicle Type:
Passenger Cars.
Commercial Vehicles.
India Car Airbag Market by Airbag Type:
Front Airbag
Knee Airbag
Side Airbag
Curtain Airbag
India Car Airbag Market by Material Type:
Nylon 66
Polyster
India Airbag Market by Demand Category:
OEM
Aftermarket
Key Players Operating in the India Car Airbag Market:
Takata
Autoliv
TRW
Toyoda Gosei
Delphi Automotive
Robert Bosch GmbH
Denso Corporation
Continental AG
Key Safety Systems
Hyundai Mobis Co. Ltd
Autoliv India Private Limited
Rane TRW Steering Systems Limited
Mobis India Limited
Ashimori India Private Limited
Daicel Chiral Technologies India Private Limited
Hyosung Corporation India Private Limited
Porcher Industries
Toray Industries India Private Limited.
India Car Airbag Market
1. Introduction
1.1 Preface
1.2 Report Scope and Market Segmentation
1.3 Research Highlights
1.4 Research Objectives
1.5 Key Questions Answered
2. Research Methodology
2.1 Research Methodology
2.2 Market Definition
2.3 Assumptions and Acronyms Used
2.4 Data Sources
2.4.1 Secondary
2.4.1.1 Paid
2.4.1.2 Unpaid
2.4.2 Primary
2.5 Analyst tools and models
3. Executive Summary
3.1 India Airbag Market Overview
3.1.1 India Airbag Market, By Airbag Type
3.1.2 India Airbag Market, By Material Type
3.1.3 India Airbag Market, By Vehicle Type
3.1.4 India Airbag Market, By Demand Category.
4. India Automotive Industry, Current Scenario and Way Forward
4.1 Overview
4.2 Macro-Economic Factors
4.2.1 GDP growth rate and forecast
4.2.2 Per capita income
4.2.3 Demographic Dividend
4.2.4 Rate of Savings
4.2.5 Rate of Expenditure
4.3 Automotive Production and Sales Statistics 2015-2018 and Production by Key players in Industry by 2023
4.3.1 Commercial Vehicle
4.3.2 Passenger Vehicle
4.3.3 Electric Vehicle
4.4 Regulatory Framework
4.4.1 National Electric Mobility Mission 2020
4.4.2 The Bharat New Vehicle Safety Assessment Program (BNVSAP)
4.4.3 Others
5. India Airbag Market Overview
5.1 India Airbag Market, Market Definition, Segmentation and Scope of Study
5.2 India Airbag Market, Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.3 India Airbag Market, Value Chain Analysis
5.4 India Airbag Market, Porter’s Analysis
5.5 India Airbag Market, PESTEL Analysis
5.6 India Airbag Market, SWOT Analysis
5.7 India Airbag Market, Key Findings
5.7.1 India Airbag Market, Top Wining Strategies
5.7.2 India Airbag Market, Top Investment Pockets
5.7.3 India Airbag Market, Top Impacting Factors
5.8 India Airbag Market, Ecosystem Mapping
5.9 India Airbag Market, Business Case Study
6. India Airbag Market Overview, Import/Export Trade Analysis
7. India Airbag Market, Pricing Analysis, 2017 (Benchmarking)
7.1 Price Comparison analysis By Airbag Type
7.2 Price Comparison analysis By Material Type
7.3 Price Comparison analysis By Vehicle Type
7.4 Price Comparison analysis By Demand Category
7.5 Price Comparison analysis by Key Players
8. India Airbag Market, By Airbag Type
8.1 India Airbag Market, Technology segment Market Share analysis
8.2 India Airbag Market, Technology segment Market Size and Forecast 2017-2026
8.3 India Airbag Market by Active Safety System
8.4 India Airbag Market by Passive Safety System
8.5 India Airbag Market by Airbag Type, Key Trends
8.6 India Airbag Market by Airbag Type, Key Developments
8.7 India Airbag Market by Airbag Type, Attractive Analysis
9. India Airbag Market, By Material Type
9.1 India Airbag Market, Offering segment Market Share analysis
9.2 India Airbag Market, Offering segment Market Size and Forecast 2017-2026
9.3 India Airbag Market by Hardware
9.4 India Airbag Market by Software
9.5 India Airbag Market by Material Type, Key Trends
9.6 India Airbag Market by Material Type, Key Developments
9.7 India Airbag Market by Material Type, Attractive Analysis
10. India Airbag Market, By Vehicle Type
10.1 India Airbag Market, Vehicle segment Market Share Analysis
10.2 India Airbag Market, Vehicle segment Market Size and Forecast 2017-2026
10.3 India Airbag Market by Passenger vehicle
10.4 India Airbag Market by Commercial Vehicle
10.5 India Airbag Market by Electric Vehicle
10.6 India Airbag Market by Industrial Vehicle
10.7 India Airbag Market by Agriculture Vehicle
10.8 India Airbag Market Benchmarking By Vehicle Type
10.9 India Airbag Market by Vehicle Type, Key Trends
10.10 India Airbag Market by Vehicle Type, Key Developments
10.11 India Airbag Market by Vehicle Type, Attractive Analysis
11. India Airbag Market, By Application
11.1 India Airbag Market, Application segment Market Share analysis
11.2 India Airbag Market, Application segment Market Size and Forecast 2017-2026
11.3 India Airbag Market by Battery Electric Vehicle (BEV)
11.4 India Airbag Market by Hybrid Electric Vehicle (HEV)
11.5 India Airbag Market by Plug-In Hybrid Electric Vehicle (PHEV)
11.6 India Airbag Market by Fuel Cell Electric Vehicle (FCEV)
11.7 India Airbag Market by Anti-Lock Braking Systems (ABS)
11.8 India Airbag Market by Automatic Emergency Breaking (AEB)
11.9 India Airbag Market by Blind Spot Detection (BSD)
11.10 India Airbag Market by Electronic Brake Force Distribution (EBD)
11.11 India Airbag Market by Electronic Stability Control (ESC)
11.12 India Airbag Market by Lane Departure Warning Systems (LDW)
11.13 India Airbag Market by Tire Pressure monitoring system (TPMS)
11.14 India Airbag Market by Traction Control System (TCS)
11.15 India Airbag Market by Forward-Collision Warning (FCW)
11.16 India Airbag Market by Application, Key Trends
11.17 India Airbag Market by Application, Key Developments
11.18 India Airbag Market by Application, Attractive Analysis
12. Competitive Landscape
12.1 India Airbag Market, Market Players-Competition Matrix (by Tier and Size of Companies)
12.2 India Airbag Market Share Analysis
12.3 India Airbag Market, Market Footprint Analysis
12.3.1 by Vehicle Type
12.3.2 by Material Type
12.3.3 by Airbag Type
12.3.4 by Demand Category
12.4 India Airbag Market, Competitive Business Strategies
12.4.1 by Channel
12.4.1.1 Channel 1
12.4.1.2 Channel 2
12.4.2 by Product Mix
12.4.3 by Marketing Mix
12.4.3.1 Marketing Channels
12.5 India Airbag Market, Company Profiles
12.5.1 Takata
12.5.1.1 Overview
12.5.1.2 Product/Service Portfolio
12.5.1.3 Key Financials
12.5.1.4 Strategic Initiatives
12.5.1.5 SWOT Analysis
12.5.1.6 Competitive Assessment
12.5.2 Autoliv
12.5.3 TRW
12.5.4 Toyoda Gosei
12.5.5 Delphi Automotive
12.5.6 Robert Bosch GmbH
12.5.7 Denso Corporation
12.5.8 Continental AG
12.5.9 Key Safety Systems
12.5.10 Hyundai Mobis Co. Ltd
12.5.11 Autoliv India Private Limited
12.5.12 Rane TRW Steering Systems Limited
12.5.13 Mobis India Limited
12.5.14 Ashimori India Private Limited
12.5.15 Daicel Chiral Technologies India Private Limited
12.5.16 Hyosung Corporation India Private Limited
12.5.17 Porcher Industries
12.5.18 Toray Industries India Private Limited
13. Consolidation
13.1 India Airbag Market, Mergers and Acquisitions
13.1.1 Overview
13.1.2 India Airbag Market, M&A Breakdown
13.1.2.1 Airbag Type
13.1.2.2 Material Type
13.1.2.3 Vehicle Type
13.1.2.4 Demand Category
13.2 Fragmentation of India Airbag Market
13.3 India Airbag Market, Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
13.4 India Airbag Market, New/Emerging Models of Partnerships, Key Examples
13.5 India Airbag Market, New/Emerging Business Models, Key Examples
13.6 India Airbag Market, Changing Investment Paradigm, Focused areas by Key Players
13.7 India Airbag Market, Patent Analysis
India Airbag market, list of tables
India Airbag market, list of figures