The Business Research Company’s report on the Pedestrian Protection Airbag Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the pedestrian protection airbag market?
The rise in vehicular traffic is expected to propel the growth of the pedestrian protection airbag market going forward. Vehicular traffic refers to the movement of vehicles, such as cars, trucks, buses, motorcycles, bicycles, and other modes of transportation, along roadways or streets. The rise in vehicular traffic is attributed to population growth, increasing urbanization, and higher disposable incomes, leading to greater vehicle ownership and usage. Pedestrian protection airbags help improve vehicular traffic safety by reducing the severity of injuries in a collision with a pedestrian. For instance, in May 2024, according to the Department of Transport, a UK-based government department, in 2023, car traffic on motorways in Great Britain increased by 3.3%, reaching a total of 48.5 billion vehicle miles. Van traffic also rose by 1.6%, totaling 13.0 billion vehicle miles. Therefore, the rise in vehicular traffic is driving the growth of the pedestrian protection airbag market.
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How has the pedestrian protection airbag market size evolved, and what are the latest forecasts for its expansion?
The pedestrian protection airbag market size has grown rapidly in recent years. It will grow from $1.77 billion in 2024 to $1.96 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to the rise in vehicular traffic, increase in road accidents, growth in vehicle production, expansion of automotive safety regulations, and rise in consumer awareness about safety.
The pedestrian protection airbag market size is expected to see rapid growth in the next few years. It will grow to $2.91 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rising adoption of smart vehicles, increasing urban population, rising pedestrian facilities, growing concerns over pedestrian safety, and increasing government safety mandates. Major trends in the forecast period include technological advancements in airbag systems, integration of artificial intelligence in vehicle safety, development of smarter airbags with sensors, advancement in sensor technology for collision detection, and 3D-printed airbags.
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Which major companies dominate the pedestrian protection airbag market?
Major companies operating in the pedestrian protection airbag market are Toyota Motor Corporation, Ford Motor Company, General Motors Company, BMW AG, Honda Motor Co. Ltd., Robert Bosch GmbH, Nissan Motor Co. Ltd., Daimler AG, Denso Corporation, Continental AG, Hyundai Mobis, Volvo Car Corporation, Magna International Inc., TRW Automotive Holdings Corporation, Joyson Safety Systems, Autoliv Inc., Toyoda Gosei Co. Ltd., Daicel Corporation, Kolon Industries Inc., Ashimori Co.
What trends will shape the future of the pd-1 resistant head and neck cancer market?
Major companies operating in the pedestrian protection airbag market are focusing on developing innovative products, such as airbags made from recycled polyester, to enhance sustainability and reduce environmental impact while maintaining safety performance. Recycled polyester airbags are produced entirely from recycled materials, significantly lowering greenhouse gas emissions while maintaining safety standards. For instance, in June 2024, Autoliv Inc., a Sweden-based motor vehicle parts manufacturing company, introduced airbag cushions made from 100% recycled polyester, reducing airbags’ greenhouse gas (GHG) footprint. This innovation, developed in collaboration with supply chain partners, reduces the greenhouse gas footprint of airbags by approximately 50% at the polymer level while maintaining the same safety functionality as traditional polyester airbags. The shift to recycled polyester helps reduce greenhouse gas (GHG) emissions during manufacturing and supports the circular economy by reusing materials that would otherwise go to waste.
Which region dominates the pedestrian protection airbag market, and what factors contribute to its leadership?
North America was the largest region in the pedestrian protection airbag market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pedestrian protection airbag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How is the pedestrian protection airbag market segmented, and which segment holds the largest share?
The pedestrian protection airbag market covered in this report is segmented –
1) By Airbag Type: Front Pedestrian Airbag, Lateral Pedestrian Airbag, Pop-Up Pedestrian Airbag
2) By Deployment Mechanism Type: Sensor-Based, Camera-Based, Radar-Based
3) By Application: Passenger Vehicle, Commercial Vehicle
4) By Sales Channel: Original Equipment Manufacturer (OEM), Aftermarket
Subsegments:
1) By Front Pedestrian Airbag: Windshield Airbag, Hood Airbag, Bumper Airbag
2) By Lateral Pedestrian Airbag: Side Panel Airbag, A-Pillar Airbag, Door-Mounted Airbag
3) By Pop-Up Pedestrian Airbag: Hood Lift Airbag, Grille-Mounted Airbag, Fender-Mounted Airbag
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How is the pedestrian protection airbag market defined, and what are its core characteristics?
Pedestrian protection airbags are safety devices designed to deploy in a collision with a pedestrian, reducing the impact and minimizing injury. These airbags are typically located in the front of the vehicle, such as in the bumper or near the windshield, and are triggered upon detecting a pedestrian impact. Pedestrian protection airbags work by inflating quickly to create a cushion between the vehicle and the pedestrian, helping to protect vulnerable body parts like the head and torso from severe injury during a collision.
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