|By PR Newswire||
|April 9, 2014 10:24 AM EDT||
DUBLIN, April 9, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/8dzwsj/global_automotive) has announced the addition of the "Global Automotive Airbag Market Report" report to their offering.
The analysts forecast the Global Automotive Airbag market to grow at a CAGR of 8.31percent over the period 2012-2016. The rapid growth of the Global Automotive Safety Systems market is one of the key factors contributing to the growth of Global Automotive Airbag market. The Global Automotive Airbag market has also been witnessing the increasing demand for automotive airbags from the BRIC countries. However, functional and operational issues could pose a challenge to the growth of this market.
The report, the Global Automotive Airbag Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas and the EMEA and APAC regions; it also covers the Global Automotive Airbag market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the main trends witnessed in the Global Automotive Airbag market is the increasing demand from the BRIC countries. Since the market for airbag systems in developed regions is maturing and becoming saturated, OEMs and suppliers are focusing on developing and emerging markets.
The steady economic growth in the BRIC countries is expected to be one of the major drivers of the growth of the Global Automotive Airbag market in the next few years. The continuous economic growth in the BRIC countries has improved the financial status of the people in these countries, which in turn is leading to an increase in the per capita income of the population. This has increased the demand for automobiles in these countries, increasing the demand for safety systems.
According to the report, one of the main factors driving the market is the growth of the Global Automotive Safety Systems market. Safety systems help prevent vehicle accidents during critical situations and protect passengers from injury. Various active safety systems and passive safety systems are being increasingly used in automobiles, as passenger safety has become a prime concern for all; this is propelling the growth of the Global Automotive Airbag market.
Further, the report states that one of the main challenges is the functional and operational issues. There are several product-related issues regarding the failure of airbags in critical situations. There have been instances when the sensors failed during an accident, resulting in the failure of the airbag to open.
Key Topics Covered:
1. Executive Summary
2. List of Abbreviations
4. Market Research Methodology
5. Scope of the Report
6. Market Landscape
7. Geographical Segmentation
8. Vendor Landscape
9. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Key Vendor Analysis
16. Other Reports in this Series
- Autoliv Inc.
- Delphi Automotive plc
- Denso Corp.
- Key Safety Systems Inc.
- TRW Automotive Holdings Corp.
- Takata Corp.
- Tokai Rika Co. Ltd.
- Toyoda Gosei Co. Ltd.
For more information visit http://www.researchandmarkets.com/research/8dzwsj/global_automotive
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets