Automotive airbags are designed to provide support and safety during a vehicle accident. They are designed to inflate and deflate rapidly based on the conditions under which the automobile is driven. In terms of geographical analysis, the developed countries such as the U.S. are exhibiting high acceptance of automotive airbags. Stringent regulations pertaining to road safety in the U.S. and Canada can augment growth of the automotive airbag market in the near future. Emerging regions such as the Asia Pacific is registering promising signs for automotive airbags owing to the increasing implementation of road safety regulations in China and India.
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The global automotive airbag market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, and Middle East, and Africa. North America accounted for largest share in the global automotive airbag market in 2016. This growth is attributed to implementation of stringent regulation by governments for passenger safety. For instance, The US Highway Safety Act of 1991 mandates use of airbags and ABS features in all passenger cars. The United States New Car Assessment Program (US NCAP) rates vehicles for safety in order to improve safety features in the vehicles and passenger safety. This is expected to in turn, increase installation of safety features such as airbags in vehicles, which propel growth of the automotive airbags systems market.