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(IT-NEWSWIRE.COM, September 09, 2019 ) Market Overview
• Airbag sensors are responsible for detecting unexpected deceleration in a collision. With the help of airbag sensor technology, a person can survive the crashes. Firstly, the signal of the airbag sensor must go through ADC - Analog to Digital Converter and then it touches the AC voltage source and the high pass filler.
• Sensors are utilized for detecting and reacting to an electrical or optical signal. A sensor changes over physical components like, temperature, humidity, and speed into an electrical structure, which is easy to measure. They measure the physical properties of the environment like temperature, weight, size, and luminance. It sends a signal to the airbag control unit which utilizes the vehicle speed, safety belt, and ECU to decide whether an airbag should deploy in an accident.
• Under US federal law, front-seat occupants must be protected by frontal airbags, and manufacturers have added a variety of other airbag systems that activate during side impacts and rollovers.
Market Dynamics
• Rising safety awareness among consumers with increasing automotive sales globally, and stringent safety regulations from government are the major drivers for the growth of the market. The increasing demand for safety and security in automobiles is one of the main factors that is playing a vital role in the growth of the airbag sensors market. Airbag sensor is a high security and safety product in the automotive industry and on account of growing automotive advancements globally. Increasing sales of electric cars are thereby increasing the demand for airbags and its sensors worldwide. According to the World Health Organization, more than 1.55 million people are killed in road accidents every year worldwide, and about 50 million people get injured. Airbag sensors play a critical role in improving the safety features of vehicles.
• Sensor malfunction issues is the major restraint hindering the growth of the market. For instance, In January 2018, Japanese air bag maker Takata has recalled an additional 3.3 million faulty air bag inflators as it expands the largest automotive recall in U.S. history. Takata uses the chemical ammonium nitrate to create a small explosion and fill air bags quickly in a crash. At least 20 people have been killed worldwide and more than 180 injured due to technical issues in Takata Airbag systems. Mercedes-Benz USA, LLC (MBUSA) is recalling certain 2018 Cabriolet, Coupe, 4Matic, Plug-In Hybrid and AMG vehicles equipped with Audio 20 head units and automatic child seat recognition due to issues with passenger-side airbag protection. The potential number of units affected is 104,663. Due to the technical issues, in a few European countries like Germany and France, mechanics with special training are permitted to service the airbag systems.
Market Segmentation
• Based on the sensor type, the Airbag Sensor market is segmented into the accelerometer sensor, impact sensor, tachometer sensor, and other sensors. The accelerometer sensor segment size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period to 2026. Due to its instant crash response compared to other types is the key driver for the segment growth in recent years. Detecting the rapid deceleration of the vehicle during a crash and sending instant information are the key features of the accelerometer sensor. The accelerometers provide single-axis in-plane motion-sensing across five full-scale ranges from ±20g up to ±400g.
• An interface converts the deceleration data into a high-resolution digital bit stream that passes to a microcontroller through a standard DSI protocol. Additionally, the accelerometers operate over a temperature range from -40°C to +125°C and are qualified to AEC-Q100. Companies are introducing new technologies for accelerometer sensors. For instance, The Xtrinsic MMA65xxKW family of intelligent acceleration sensors for front and side crash detection in advanced airbag systems has been developed by Freescale Semiconductors. Furthermore, STMicroelectronics has introduced a new family of high-g acceleration sensors for advanced airbag systems.
• Based on the application, the Airbag Sensor market is segmented into the frontal airbag, side airbag, knee airbag, and other applications. The Frontal airbag segment size was worth USD XX billion in 2018 and is forecasted to reach USD XX billion by 2026, growing at a CAGR of XX% during the forecast period 2019-2026. Frontal airbag segment occupied the largest market share in 2018, due to growing demand for safety in front collisions of vehicles. Frontal air bags were designed primarily to minimize the risk of an air bag-related injury or death to children and small-stature adults. Advanced frontal air bag systems automatically determine if and with what level of power the driver frontal air bag and the passenger frontal air bag will inflate.
• By end-user, the Airbag Sensor market is segmented into aerospace and automotive.
Geographical Analysis
Global Airbag Sensors market is segmented into five major regions including
• North America,
• Europe,
• Asia Pacific,
• South America,
• The Middle East
• & Africa region.
Competitive Trends
• The airbag sensors market is highly competitive with the presence of several leading players globally. Some of the major players include Dorman, FH Group, ZF Friedrichshafen, Nihon Plast Co. Ltd, Ford, Daicel Corporation, Firestone, Air Lift, Joyson Safety Systems, and Firestone.
• Companies are focusing on acquisitions and significantly investing in new product development and to sustain their market presence due to the competition.
• For instance, Indorama Ventures announced that it has completed the acquisition of UTT Beteiligungsgesellschaft mbH (UTT), one of the leading suppliers of airbag fabrics, with manufacturing sites in Germany and Mexico.
• The key players are adopting various key strategies such as product launches which are contributing to the growth of the Airbag Sensor market globally.
• Manufacturers are concentrating to improve fabric technologies resulting in reducing cushion weight and increasing foldability, thus developing advanced airbags.
• For instance, Mid-Mountain has improved their capability to custom produce airbags and ballistic products by utilizing a range of specialty fabrics including Kevlar®, nylon, Nomex®, carbon, and aramid blends from 2017.
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