Evolving vehicle safety norms and consumer preference to push demand for airbags globally
With the increasing focus on safety from regulators and consumers alike, the demand for airbags is expected to record a healthy growth globally over the next five years. This trend will gain further momentum in the next decade once cars get more autonomous
For suppliers and automakers working with technology development and viability of airbags, regulatory developments can have a substantial impact on planning and deployment—especially production volume. Stricter regulations and mandates being enforced by NCAP bodies are expected to increase in the first half of this decade with implementation of various interior airbags to models across segments.