The “Automotive Airbag ECU Market” is projected to reach US$ 7,868.11 million by 2028 from US$ 6,224.95 million in 2021; it is expected to grow at a CAGR of 3.78% from 2022 to 2028.
The growing awareness among consumers about vehicle safety features, along with a rise in willingness to pay extra costs for airbags with better features, signifies a vast potential for the automotive airbag ECU market. In India, the Bharat New Vehicle Safety Assessment Program (BNVSAP) initiative has been introduced as a voluntary star rating system based on crash safety performance features. The program focuses on systems such as front airbags, anti-lock braking systems (ABS), and seat belt reminder generators while evaluating cars. The New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP) has brought several changes and adaptations concerning the region’s socioeconomic development, which focuses more on road safety.
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Companies Profiled in this report includes:
- Autoliv Inc
- Continental AG
- Denso Corp
- Hyundai Mobis
- Robert Bosch Gmbh
- Hella Gmbh and Co. Kga
- ZF Friedrichshafen AG
- Mitsubishi Electric Corporation
- Veoneer Inc
COVID-19 Impact on Europe Automotive Airbag ECU Market Size
Many European countries partially closed their borders and implemented drastic measures on imports and exports of goods. These measures caused a decline in the production volumes in various industries and hampered Europe’s Automotive Airbag ECU market share in 2020. The COVID-19 pandemic severely affected the operations of electronics and semiconductor manufacturers, including automotive airbag ECU market players, as they continued their operations with limited workforces. This, in turn, adversely impacted product deliveries in 2020. Due to the sudden COVID-19 outbreak and subsequent lockdowns across Europe, the semiconductor industry witnessed significant changes in the past year. Furthermore, constraints and nationwide lockdowns brought on by the pandemic in Europe continue to impair the supply chains of semiconductor manufacturing facilities. Despite efforts of European industries to resume operations in 2021, the automotive airbag ECU market recorded a loss in 2022 as the region is still struggling for the timely procurement of semiconductor components.
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Automotive Airbag ECU Market Segmentation:
- Frontal Airbag ECU
- Curtain Airbag ECU
By Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
Automotive Airbag ECU market is mainly dominated by players, such as Aptiv, Autoliv, Inc., Robert Bosch GmbH, Continental AG, and Denso Corporation. These players engage in expanding their businesses through new product launches, market initiatives, technology upgrades, mergers and acquisitions, and other joint activities. For instance, in 2021, HELLA GmbH and Faurecia agreed to merge their companies. Faurecia bought a 60% interest in HELLA from its pool of shareholders, keeping the value of HELLA’s shares at $ 70 per share in the joint venture. The merger resulted in the establishment of the world’s seventh-largest automotive supplier. In India, Continental AG localized its value chain, ranging from R&D to design, to cater to the rising demand for airbag control unit (ACUs). Its manufacturing plant in Bengaluru is producing 1 million ACUs a year.
The overall automotive airbag ECU market analysis has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the automotive airbag ECU market. The process also serves the purpose of obtaining an overview and forecast of the automotive airbag ECU market size with respect to all market segments. Also, industry participants and commentators have conducted multiple primary interviews to validate the data and gain more analytical insights. The participants typically involved in the automotive airbag ECU market study include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the automotive airbag ECU market.
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