Airbag Sensor Market by Type (Mechanical, Electrical), by Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles), by Position (Bumper, Side Door, Engine), by Propulsion Type (ICE, Electric), by By Geography (North America) Forecast 2024-2032
The Airbag Sensor Marketsize was valued at USD 10.52 USD billion in 2023 and is projected to reach USD 230.24 USD billion by 2032, exhibiting a CAGR of 55.4 % during the forecast period.The airbag sensor is a device that is used in ASVS to identify an abrupt variation in velocity or collision and then deploy the airbag. These sensors use technologies, including accelerometers and gyroscopes, to establish the changes in velocity and direction of velocity of a vehicle. The features commonly consist of hardware and software, where the latter coprocessors and compiles data in real-time to differentiate between small impacts and major collisions and igniting the airbags only in the latter case. Sophisticated sensors may not only engage safety devices but also share an array of information with them, for example, where seatbelt pre-tensioners are concerned. There are many benefits for airbag sensors, as they are used in the prevention of life-threatening injuries because of car accidents. They protect occupants from the raw effects of an impact, and by inflating immediately upon an impact, head, chest, and limb impacts are minimized.
Type
Vehicle Type
Position
Propulsion Type
Our report provides a comprehensive analysis of the airbag sensor market, including:
The Asia-Pacific region is expected to account for the lion's share of the global airbag sensor market, driven by the burgeoning production of vehicles in China and India. Europe and North America are also notable markets, with leading automotive manufacturers embracing technologically advanced safety features in high-end vehicles.
Other regions, such as Latin America and the Middle East, are anticipated to witness steady growth in the airbag sensor market due to increased consumer awareness about vehicle safety and the rising disposable income.
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 55.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 55.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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