SRS Airbag System Market size was valued at USD 4.5 Billion in 2024 and is projected to reach USD 8.2 Billion by 2033, exhibiting a CAGR of 7.5% from 2026 to 2033.
The global SRS (Supplemental Restraint System) Airbag System Market was valued at approximately USD 20.1 billion in 2022 and is projected to grow at a CAGR of 6.7% from 2023 to 2030. This growth is primarily driven by increasing consumer awareness of vehicle safety, rising government regulations on crash test standards, and a surge in the adoption of advanced driver assistance systems (ADAS). The market has also benefited from an increase in vehicle production and the integration of safety features in mid range and entry level vehicles. Frontal airbags continue to dominate the market segment, but curtain and side airbags are gaining traction due to their enhanced protection in rollover and side impact collisions. The rising penetration of electric and autonomous vehicles is also acting as a catalyst for demand, prompting OEMs to integrate innovative airbag technologies to ensure passenger safety.
Regionally, Asia Pacific held the largest market share in 2022, accounting for over 45% of global revenue, due to high automotive production volumes in countries like China, India, Japan, and South Korea. North America followed, driven by stringent vehicle safety mandates and an established automotive industry, contributing over USD 5.2 billion in revenue. Europe showcased steady growth, supported by rising adoption of premium vehicles and growing demand for safety upgrades in existing fleets. Meanwhile, the Latin American and Middle Eastern & African markets present emerging opportunities, with growth potential tied to improving vehicle ownership rates and regulatory reforms focused on automotive safety. Investments in R&D to enhance airbag deployment mechanisms and material innovations such as lighter and more flexible fabrics are expected to offer future growth avenues across regions.
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Autoliv
Zf Trw
Toyoda Gosei
Hyundai Mobis
Nihon Plast
Ashimori
East Joy Long
Denso
Volvo
Key Safety Systems
Ford
Honda
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 SRS Airbag System Market
Frontal Airbags
Side Airbags
Curtain Airbags
Knee Airbags
Pedestrian Airbags
Passenger Vehicles
Commercial Vehicles
Two-Wheelers
Heavy-Duty Vehicles
Electromechanical
Pneumatic
Hybrid Systems
Crash Sensors
Rollover Sensors
Occupant Sensors
Pressure Sensors
OEM Manufacturers
Aftermarket Suppliers
Fleet Operators
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 SRS Airbag System 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 SRS Airbag System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global SRS Airbag System Market, By Type
6. Global SRS Airbag System Market, By Application
7. Global SRS Airbag System Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global SRS Airbag System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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