Airbags for The Elderly Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 2.8 Billion by 2033 at a CAGR of 10.2% from 2026 to 2033.
The global airbag market for the elderly was valued at approximately USD 3.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. This growth is primarily driven by the increasing aging population and the rising demand for safety innovations that cater to the elderly, who are more prone to injuries in the event of accidents. The markets expansion is further fueled by advancements in airbag technologies specifically designed to offer enhanced protection and support for elderly individuals during car accidents. In 2022, North America accounted for a significant share of the market due to higher adoption rates of safety technologies, coupled with a large elderly population. The region’s market size was around USD 1.2 billion and is expected to continue growing at a steady pace as more safety measures are introduced for elderly drivers and passengers.
In terms of regional growth, Europe is also witnessing strong growth in the airbag market for the elderly, valued at approximately USD 900 million in 2022. This growth can be attributed to stringent safety regulations and increasing awareness about elderly protection in vehicles. The Asia Pacific region, with countries like Japan, is expected to see significant market growth due to the rapidly aging population and increasing automotive safety concerns, contributing to a projected market value of USD 700 million by 2025. Latin America and the Middle East & Africa regions are also expected to grow steadily, driven by rising awareness of elderly safety, alongside ongoing developments in healthcare and automotive safety technologies. The global market for airbags targeting elderly individuals is expected to continue to see regional diversification in adoption over the coming years.
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Dainese
Alpinestars
Hövding
Helite
Mugen Denko
S-Airbag Technology
Point Two Air Vest
Active Protective Technologies
D-Air Lab
Suzhou Clothes Belt Intelligent Technology
Guangzhou Xinan Think Tank Technology
Zhongke Bochuang
Wolk
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Airbags for The Elderly Market
65-74 Years
75-84 Years
85 Years and Older
Occasional Users
Frequent Users
Active & Independent Seniors
Homebound Seniors
Caregiver-Supported Seniors
Front Airbags
Side Airbags
Knee Airbags
Physical Disabilities
Vision Impairment
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Airbags for The Elderly Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Airbags for The Elderly Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Airbags for The Elderly Market, By Type
6. Global Airbags for The Elderly Market, By Application
7. Global Airbags for The Elderly Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Airbags for The Elderly Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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