Airbag Systems Market in South Africa to Record 11.84% Y-O-Y Growth Rate in 2022|Evolving Opportunities with Airbag Systems & Autoliv Inc| Technavio

NEW YORK, Feb. 10, 2022 -- Airbag systems Market in South Africa Facts at a Glance-

• Total Pages: 120
• Companies: 10+ – Including Airbag Systems, Autoliv Inc., Continental AG, DENSO Corp., HASCO Co. Ltd., Joyson Safety Systems Aschaffenburg GmbH, Robert Bosch GmbH, Sumitomo Corp., Toyota Motor Corp., and ZF Friedrichshafen AG among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Type (side airbag, front airbag, and other airbags) and Vehicle Type (passenger vehicles and commercial vehicles)
• Geography: South Africa

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According to the recent market study by Technavio, the Airbag systems Market in South Africa is expected to increase by 516.67 thousand units from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 9.49%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

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Airbag Systems Market in South Africa Value Chain Analysis

The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period. The value chain of theAirbag Systems Market in South Africa includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Distribution and logistics
• Marketing and sales
• Service
• Industry innovations

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Vendor Insights-

The Airbag systems Market in South Africa is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

• Airbag Systems - The company offers airbag system products such as Vehicle Airbag Systems

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Revenue Generating Market Outlook

The airbag systems market share growth in South Africa by the side airbag segment will be significant for revenue generation. Side airbags are used in vehicles to provide safety to the passenger in case of a side impact. The side airbags are usually classified as side torso airbags and curtain airbags. Market growth in this segment is closely tied to the growth of the premium vehicles segment of the automotive industry in South Africa. The continuous increase in demand for premium cars among HNWIs and ultra-high-net-worth individuals (UHNWIs) will continue to contribute to this segment's growth. 

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Latest Drivers & Trends Driving the Market-

• Airbag systems Market in South Africa  Driver:
• Enhanced vehicle safety with more airbags:

The key factor driving growth in the airbag systems market in South Africa is enhanced vehicle safety with more airbags. Road crashes lead to more than a million deaths each year. These deaths can be minimized by taking safety precautions and implementing safety features in vehicles. Airbags are one of the safety mechanisms in vehicles that can reduce the number of injuries and fatalities in accidents. In the event of a collision, the airbag sensor senses the impact and sends a signal to the ECU. The ECU will deploy the airbag and protect passengers from getting hurt. Airbags in the steering wheel and front panel cannot save passengers during a side impact; they protect them only from frontal or head-on collisions. In many cases, people can become disabled if they sustain leg or knee injuries in a collision. Knee airbags protect the legs/knees of passengers from injuries during a collision. External airbags protect pedestrians from getting hit by a vehicle. Both knee airbags and external airbags are growing in popularity. The increase in the number of airbags per vehicle is expected to spur the growth of the market in focus.

• Airbag systems Market in South Africa Trend:
• MEMS sensors for airbags:

The MEMS sensors for airbags are another factor supporting the airbag systems market share growth in South Africa. Present-day vehicles are equipped with numerous components that can improve engine operation and reduce emissions. Currently, vehicles have many electronic components, most of which are intended to alert drivers about certain risks that they may face. Micro-electro-mechanical systems (MEMS) are small mechanical and electro-mechanical elements manufactured using microfabrication techniques. MEMS detects the smallest changes in the driving environment and gathers information, both inside and outside the vehicle. With the help of this data, the connected control units prevent the car from skidding, indicate the exact amount of fuel left, and deploy airbags within seconds. Airbag systems have become more advanced with the latest MEMS sensors being offered by vendors such as Robert Bosch.

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Related Reports -
Commercial Vehicle Airbag Systems Market  -The commercial vehicle airbag systems market size has the potential to grow by 4863.19 thousand units during 2021-2025, and the market's growth momentum will accelerate during the forecast period. Download a free sample now!

Automotive Airbag Sensor Market -The automotive airbag sensor market has the potential to grow by USD 70.99 million during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 2.94%. Download a free sample now!

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