Thermal & Airbag Market size was valued at USD 12.5 Billion in 2024 and is forecasted to grow at a CAGR of 4.9% from 2026 to 2033, reaching USD 18.7 Billion by 2033.
The global thermal and airbag market was valued at approximately USD 75.5 billion in 2022 and is projected to grow at a CAGR of 8.4% from 2023 to 2030. The demand for thermal systems and airbags is driven by advancements in automotive safety and growing consumer preferences for enhanced safety features in vehicles. The Asia-Pacific region led the market in 2022, accounting for around 45% of the total market share. This is due to the increasing automotive production, particularly in countries like China, India, and Japan. Furthermore, the rise in consumer awareness regarding vehicle safety and government regulations promoting stringent safety standards are likely to propel the market growth in this region. North America and Europe follow closely, contributing around 25% and 20%, respectively, to the global market share. The growing adoption of electric vehicles (EVs) and integration of advanced thermal and airbag systems in EVs are expected to drive further growth in these regions during the forecast period.
In terms of regional growth opportunities, the Middle East and Africa are expected to witness substantial growth, with a CAGR of 9.2% from 2023 to 2030. This growth is attributed to rising disposable incomes and a demand for more advanced vehicles in the region. Latin America is also anticipated to experience a steady increase in market share, driven by improvements in automotive infrastructure and safety requirements in countries like Brazil and Mexico. Overall, the growing automotive industry, stricter safety regulations, and increasing consumer preference for safety features are expected to create significant opportunities for market expansion in all regions over the coming years.
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Autoliv
Neaton Auto Products Manufacturing Incorporation
Denso Corporation
Robert Bosch GmbH
Continental AG
TRW Automotive
Toyoda Gosei Corporation
Takata Corporation
Delphi Automotive
Key Safety Systems
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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 Thermal & Airbag Market
Heat Exchangers
Thermal Insulation Materials
Temperature Control Devices
Types of Airbags
Deployment Mechanisms
Thermal Interface Materials
Airbag Fabrics
Inflation Gas Generators
Passenger Cars
Commercial Vehicles
Electric Vehicles
SUVs and Crossovers
Automotive
Aerospace
Industrial Machinery
Consumer Electronics
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 Thermal & Airbag 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 Thermal & Airbag Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Thermal & Airbag Market, By Type
6. Global Thermal & Airbag Market, By Application
7. Global Thermal & Airbag Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Thermal & Airbag Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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