Asia Pacific Automotive Airbag ECU Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Standard and Premium), Airbag Type (Frontal Airbag ECU and Curtain Airbag ECU), and Vehicle Type (Passenger Vehicles and Commercial Vehicles)
The automotive airbag ECU market in Asia Pacific is expected to grow from US$ 3,279.12 million in 2022 to US$ 4205.72 million by 2028. It is estimated to grow at a CAGR of 4.2% from 2022 to 2028.
Government Initiatives to Strengthen Vehicle Safety Evaluation Systems
The growing awareness among consumers about vehicle safety features, along with a rise in willingness to pay extra costs for airbags with better features, signifies a vast potential for the automotive airbag ECU market. In India, the Bharat New Vehicle Safety Assessment Program (BNVSAP) initiative is a voluntary star rating system based on crash safety performance features. The program focuses on systems such as front airbags, anti-lock braking systems (ABS), and seat belt reminder generators while evaluating cars. The New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP) has brought multiple changes and adaptations regarding the region's socioeconomic development, focusing more on road safety. The UN initiative Decade of Action for Road Safety, introduced in October 2021, has helped to bring down the number of fatalities associated with road accidents.
Market Overview
APAC comprises several major economies, such as China, India, South Korea, Japan, and Australia. The economy of the region is gaining traction owing to the numerous technological and infrastructural developments. The region has a robust automotive sector supported by the growing automotive manufacturing industry in countries, including China, India, and South Korea. As per estimates and public studies, India, China, South Korea, and Japan are among the leading vehicle manufacturing countries worldwide. Growing concerns of consumers regarding safety and comfort, enactment of stringent safety regulations, rising number of accidents, and increasing initiatives of government such as mandatory laws to improve the adoption rate of airbag and to manufacture vehicles with least number of airbags and safety systems are expected to propel the demand for high-performance vehicles in the coming years.
The presence of a robust automotive industry across countries, such as India, is driving the growth of the regional market. According to Society of Indian Automobile Manufacturers, total passenger car sales increased from 2,711,457 to 3,069,499, in 2021. The same year, passenger vehicle sales fell from 1,541,866 to 1,467,056, while commercial vehicle sales from April 2021 to March 2022 increased from 1,060,750 the previous year to 1,489,178. Vans sold 113,265 units in the same period, compared with 108,841 units from April 2020 to March 2021. Total commercial vehicle sales increased from 568,559 to 716,566. From April 2021 to March 2022, sales volume of commercial vehicles increased from 160,688 to 240,577 for medium- and heavy-duty commercial vehicles and surged from 407,871 to 475,989 for light commercial vehicles. Further, China accounts for 95% of new entrants, 90% of registered electric motorcycles and tricycles new registrations of electric buses and trucks worldwide, electric two and Tricycles now account for half of China's sales. The rise in production of EVs across the country is propelling the growth of the regional automotive airbag ECU market.
Asia Pacific Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Automotive Airbag ECU Market Segmentation
The Asia Pacific automotive airbag ECU market is segmented into product type, airbag type, vehicle type, and country.
The product type segment is bifurcated into standard and premium. Premium segment is expected to lead the automotive airbag ECU market in 2022.
- Based on airbag type, the automotive airbag ECU market can be bifurcated into frontal airbag ECU and Curtain airbag ECU. Frontal airbag ECU segment is expected to lead the automotive airbag ECU market in 2022.
- Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. The commercial segment is expected to hold the largest market share in 2022.
- Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China is expected to dominate the market in 2022.
Aptiv; Autoliv Inc.; Continental AG; Denso Corporation; HELLA GmbH and Co. KGaA; Hyundai Mobis; Mitsubishi Electric Corporation; Robert Bosch GmbH; Veoneer Inc; and ZF Friedrichshafen AG are the leading companies operating in the automotive airbag ECU market in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Automotive Airbag ECU Market– By Product type
1.3.2 APAC Automotive Airbag ECU Market– By Airbag type
1.3.3 APAC Automotive Airbag ECU Market– By Vehicle type
1.3.4 APAC Automotive Airbag ECU Market– By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Automotive Airbag ECU Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Automotive Airbag ECU Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Stringent Safety and Regulatory Standards for Vehicles
5.1.2 Technological Advancements in Airbag ECUs
5.2 Market Restraints
5.2.1 Limitations on Storage Time and Data Availability in Airbag ECU
5.3 Market Opportunities
5.3.1 Government Initiatives to Strengthen Vehicle Safety Evaluation Systems
5.4 Future Trends
5.4.1 Adoption of Airbag ECUs in Electric Vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Airbag ECU Market– APAC Analysis
6.1 APAC Automotive Airbag ECU Market APAC Overview
6.2 APAC Automotive Airbag ECU Market Forecast and Analysis
7. APAC Automotive Airbag ECU Market Revenue and Forecast to 2028 – Product Type
7.1 Overview
7.2 APAC Automotive Airbag ECU Market, By Product type (2021 and 2028)
7.3 Standard
7.3.1 Overview
7.3.2 Standard: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
7.4 Premium
7.4.1 Overview
7.4.2 Premium: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
8. APAC Automotive Airbag ECU Market Revenue and Forecast to 2028 – Airbag Type
8.1 Overview
8.2 APAC Automotive Airbag ECU Market, By Airbag type (2021 and 2028)
8.3 Frontal Airbag ECU
8.3.1 Overview
8.3.2 Frontal Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
8.4 Curtain Airbag ECU
8.4.1 Overview
8.4.2 Curtain Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
9. APAC Automotive Airbag ECU Market – By Vehicle Type
9.1 Overview
9.2 APAC Automotive Airbag ECU Market, by Vehicle Type (2021 and 2028)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial Vehicles
9.4.1 Overview
9.4.2 Commercial Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC Automotive Airbag ECU Market– Country Analysis
10.1 Overview
10.1.1 APAC: Automotive Airbag ECU Market, by Key Country
10.1.1.1 Australia: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Automotive Airbag ECU Market, By Product type
10.1.1.1.2 Australia: Automotive Airbag ECU Market, By Airbag type
10.1.1.1.3 Australia: Automotive Airbag ECU Market, By Vehicle type
10.1.1.2 China: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Automotive Airbag ECU Market, By Product type
10.1.1.2.2 China: Automotive Airbag ECU Market, By Airbag type
10.1.1.2.3 China: Automotive Airbag ECU Market, By Vehicle type
10.1.1.3 India: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Automotive Airbag ECU Market, By Product type
10.1.1.3.2 India: Automotive Airbag ECU Market, By Airbag type
10.1.1.3.3 India: Automotive Airbag ECU Market, By Vehicle type
10.1.1.4 Japan: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Automotive Airbag ECU Market, By Product type
10.1.1.4.2 Japan: Automotive Airbag ECU Market, By Airbag type
10.1.1.4.3 Japan: Automotive Airbag ECU Market, By Vehicle type
10.1.1.5 South Korea: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Automotive Airbag ECU Market, By Product type
10.1.1.5.2 South Korea: Automotive Airbag ECU Market, By Airbag type
10.1.1.5.3 South Korea: Automotive Airbag ECU Market, By Vehicle type
10.1.1.6 Rest of APAC: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Automotive Airbag ECU Market, By Product type
10.1.1.6.2 Rest of APAC: Automotive Airbag ECU Market, By Airbag type
10.1.1.6.3 Rest of APAC: Automotive Airbag ECU Market, By Vehicle type
11. Automotive Airbag ECU Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Launch
12. Company Profiles
12.1 Aptiv
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Autoliv Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Continental AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denso Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Hyundai Mobis
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Robert Bosch GmbH
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 HELLA GmbH and Co. KGaA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 ZF Friedrichshafen AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Mitsubishi Electric Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Veoneer Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC Automotive Airbag ECU Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. Australia: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 4. Australia: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 6. Australia: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 7. Australia: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 8. China: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 9. China: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 10. China: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 11. China: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 12. China: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 13. China: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 14. India: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 15. India: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 16. India: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 17. India: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 18. India: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 19. India: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 20. Japan: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Japan: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 22. Japan: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Japan: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 24. Japan: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 25. Japan: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 26. South Korea: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 27. South Korea: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 28. South Korea: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 29. South Korea: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 30. South Korea: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 31. South Korea: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 32. Rest of APAC: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of APAC: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 34. Rest of APAC: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of APAC: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 36. Rest of APAC: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 37. Rest of APAC: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 38. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Automotive Airbag ECU Market Segmentation
Figure 2. APAC Automotive Airbag ECU Market Segmentation – Country
Figure 3. APAC Automotive Airbag ECU Market Overview
Figure 4. APAC Automotive Airbag ECU Market, By Product type
Figure 5. APAC Automotive Airbag ECU Market, By Airbag type
Figure 7. APAC Automotive Airbag ECU Market, By Country
Figure 8. APAC: PEST Analysis
Figure 9. APAC Automotive Airbag ECU Market Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Automotive Airbag ECU Market: Impact Analysis of Drivers and Restraints
Figure 12. APAC Automotive Airbag ECU Market, Forecast and Analysis (US$ Million)
Figure 13. APAC Automotive Airbag ECU Market, By Product type (2021 and 2028)
Figure 14. APAC Standard: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. APAC Premium: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Automotive Airbag ECU Market, By Airbag type (2021 and 2028)
Figure 17. APAC Frontal Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Curtain Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC Automotive Airbag ECU Market Revenue Share, by Vehicle Type (2021 and 2028)
Figure 20. APAC Passenger Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Commercial Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC: Automotive Airbag ECU Market, by Country– Revenue (2021) (US$ Million)
Figure 23. APAC: Automotive Airbag ECU Market Revenue Share, By Key Country (2021 and 2028)
Figure 24. Australia: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. China: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 26. India: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Japan: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 28. South Korea: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 29. Rest of APAC: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
- Aptiv
- Autoliv Inc.
- Continental AG
- Denso Corporation
- HELLA GmbH and Co. KGaA
- Hyundai Mobis
- Mitsubishi Electric Corporation
- Robert Bosch GmbH
- Veoneer Inc
- ZF Friedrichshafen AG
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