Asia Pacific Automotive Passive Safety System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Airbag, Seatbelt, Occupant Sensing System, Child Safety System, and Others) and Vehicle Type (Passenger Car and Commercial Vehicles)
The automotive passive safety system market in Asia Pacific is expected to grow from US$ 10,615.50 million in 2022 to US$ 14,521.95 million by 2028. It is estimated to grow at a CAGR of 5.4% from 2022 to 2028.
Rising Automobile Production
Urbanization trends, increasing average disposable income of urban dwellers that has enabled people to improve their lifestyles has further accelerated the demand for passenger cars. As a result, automakers across the region are ramping up production to meet customer demand. Vehicle production, specifically passenger cars and commercial vehicles, has increased steadily in both developed and developing countries in recent years. More vehicle production means more requirement of passive safety system units mainly seatbelts and airbags to enhance occupant security. This is acting as a major growth driver for the automotive passive safety systems market. Falling loan interest rates are also fueling growth in the auto industry, which is supporting the passive safety system sales. In 2021, China, India, Japan, and South Korea produced many automotive vehicles, including passenger and commercial vehicles. The rise in automobile production, along with rising concerns for occupant safety and security has created a need for automotive passive safety structures. Thus, increase in automobile production is driving the market sales for airbags, seatbelts, occupant safety systems, and other passive safety systems that improve the safety and driving experience.
Market Overview
China, India, South Korea, Japan, and Australia are among the key economies in APAC. These economies are performing well, owing to the numerous technological and infrastructural developments. The region has a robust automotive sector, which is supported by the expansion in the automotive manufacturing industry in countries such as China, India, and South Korea. Countries, such as India, China, South Korea, and Japan are among the leading vehicle manufacturing countries worldwide. For instance, According to the Society of Indian Automobile Manufacturers (SIAM), India produced 22,933,230 vehicles, of which 3,650,698 were passenger vehicles and 805,527 were commercial vehicles in 2021. In 2021, China emerged as the largest vehicle-producing country in the world. According to the China Association of Automobile Manufacturers (CAAM), the overall production and sales of passenger vehicles in china amounted to 21.408 million units and 21.482 million units, respectively. The Japanese automobile sector is still thriving, with Japanese manufacturers making and selling many vehicles worldwide. Due to increased automotive production in Japan, Japan's automotive component manufacturing industry is predicted to be among the most opportunistic third to only the US and Germany. The automotive component industry in Japan has expanded in tandem with the increase in the number of automobile manufacturers in the country, owing to the increasing number of passenger and commercial vehicles on the road. The presence of a strong automotive sector and the increasing number of car manufacturers are the major factors driving the growth of the automotive passive safety system market in the region.
Asia Pacific Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Automotive Passive Safety System Market Segmentation
The Asia Pacific automotive passive safety system market is segmented into type, vehicle type and country.
- Based on type, the Asia Pacific automotive passive safety system market can be categorized into airbags, seatbelts, occupant sensing system, child safety system, and others. The airbags segment registered the largest market share in 2022.
- Based on vehicle type, the Asia Pacific automotive passive safety system market is bifurcated into passenger car and commercial vehicles. The passenger car segment held a larger 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 dominated the market share in 2022.
Autoliv Inc; Continental AG; FAURECIA; Hyundai Mobis; Joyson Safety Systems; Knauf Industries; Robert Bosch GmbH; Tokairika Co., Ltd.; Toyoda Gosei Co., Ltd; and ZF Friedrichshafen AG are the leading companies operating in the Asia Pacific automotive passive safety system market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Automotive Passive Safety System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 APAC
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Automotive Passive Safety System Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Growing initiatives to introduce regulatory standards concerning vehicle safety
5.1.2 Rising Automobile Production
5.2 Market Restraints
5.2.1 High Operating and Maintenance Costs of Passive Safety Systems
5.3 Market Opportunities
5.3.1 Growing Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 Technological Advancements in Passive Safety Systems
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Passive Safety System Market – APAC Analysis
6.1 APAC Automotive Passive Safety System Market Overview
6.2 APAC Automotive Passive Safety System Market Forecast and Analysis
7. APAC Automotive Passive Safety System Market– By Type
7.1 Overview
7.2 APAC Automotive Passive Safety System Market, By Type (2021 And 2028)
7.3 Airbag
7.3.1 Overview
7.3.2 Airbag: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Seatbelt
7.4.1 Overview
7.4.2 Seatbelt: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.5 Occupant Sensing System
7.5.1 Overview
7.5.2 Occupant Sensing System: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.6 Child Safety System
7.6.1 Overview
7.6.2 Child Safety System: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
8. APAC Automotive Passive Safety System Market – By Vehicle Type
8.1 Overview
8.2 APAC Automotive Passive Safety System Market, By Vehicle Type (2021 And 2028)
8.3 Passenger Car
8.3.1 Overview
8.3.2 Passenger Car: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial Vehicles
8.4.1 Overview
8.4.2 Commercial Vehicles: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
9. APAC Automotive Passive Safety System Market – Country Analysis
9.1 Overview
9.1.1 APAC: Automotive Passive Safety System, by Key Country
9.1.1.1 China: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 China: Automotive Passive Safety System, By Type
9.1.1.1.2 China: Automotive Passive Safety System, By Vehicle Type
9.1.1.2 Japan: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Japan: Automotive Passive Safety System, By Type
9.1.1.2.2 Japan: Automotive Passive Safety System, By Vehicle Type
9.1.1.3 India: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Automotive Passive Safety System, By Type
9.1.1.3.2 India: Automotive Passive Safety System, By Vehicle Type
9.1.1.4 South Korea: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 South Korea: Automotive Passive Safety System, By Type
9.1.1.4.2 South Korea: Automotive Passive Safety System, By Vehicle Type
9.1.1.5 Australia: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Australia: Automotive Passive Safety System, By Type
9.1.1.5.2 Australia: Automotive Passive Safety System, By Vehicle Type
9.1.1.6 Rest of APAC: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of APAC: Automotive Passive Safety System, By Type
9.1.1.6.2 Rest of APAC: Automotive Passive Safety System, By Vehicle Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Launch
10.4 Merger and Acquisition
11. Company Profiles
11.1 Continental AG
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 ZF Friedrichshafen AG
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Autoliv Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Joyson Safety Systems
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Robert Bosch GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Faurecia
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Hyundai Mobis
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Knauf Industries
1.8.1 Key Facts
11.8.1 Business Description
11.8.2 Products and Services
11.8.3 Financial Overview
11.8.4 SWOT Analysis
11.8.5 Key Developments
11.9 Toyoda Gosei Co., Ltd.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 TOKAIRIKA, CO, LTD.
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. APAC Automotive Passive Safety System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Automotive Passive Safety System Market Volume and Forecast to 2028 (Thousand Units)
Table 3. APAC: Automotive Passive Safety System Market Revenue Share, By Country
Table 4. APAC: Automotive Passive Safety System Market Volume in Thousand Units, By Country
Table 5. China: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 6. China: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 7. China: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 10. Japan: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 11. India: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 12. India: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 13. India: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 15. South Korea: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 16. South Korea: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 17. Australia: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 18. Australia: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 19. Australia: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of APAC: Automotive Passive Safety System, By Type –Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of APAC: Automotive Passive Safety System, By Type –Volume and Forecast to 2028 (Thousand Units)
Table 22. Rest of APAC: Automotive Passive Safety System, By Vehicle Type –Revenue and Forecast to 2028 (US$ Million)
Table 23. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Automotive Passive Safety System Market Segmentation
Figure 2. APAC Automotive Passive Safety System Market Segmentation – By Country
Figure 3. APAC Automotive Passive Safety System Market Overview
Figure 4. Airbag Segment held the Largest Share of APAC Automotive Passive Safety System Market
Figure 5. Passenger Car Segment held the Largest Share of APAC Automotive Passive Safety System Market
Figure 6. China to Show Great Traction During Forecast Period
Figure 7. APAC – PEST Analysis
Figure 8. Ecosystem Analysis: APAC Automotive Passive Safety System Market
Figure 9. Expert Opinion
Figure 10. APAC Automotive Passive Safety System Market: Impact Analysis of Drivers and Restraints
Figure 11. APAC Automotive Passive Safety System Market Forecast and Analysis (US$ Million)
Figure 12. APAC Automotive Passive Safety System Market, By Type (2021 and 2028)
Figure 13. Airbag: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Seatbelt: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Occupant Sensing System: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Child Safety System: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Others: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Automotive Passive Safety System Market, By Vehicle Type (2021 and 2028)
Figure 19. Passenger Car: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Commercial Vehicles: APAC Automotive Passive Safety System Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC: Automotive Passive Safety System Market, by key Country – Revenue (2021) (US$ Million)
Figure 22. APAC: Automotive Passive Safety System Revenue Share, by Key Country (2021 and 2028)
Figure 23. China: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Japan: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 25. India: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 26. South Korea: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Australia: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of APAC: Automotive Passive Safety System – Revenue and Forecast to 2028 (US$ Million)
- Autoliv Inc
- Continental AG
- FAURECIA
- Hyundai Mobis
- Joyson Safety Systems
- Knauf Industries
- Robert Bosch GmbH
- Tokairika Co., Ltd.
- Toyoda Gosei Co., Ltd
- ZF Friedrichshafen AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Asia Pacific Automotive Passive Safety System Market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Automotive Passive Safety System Market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Automotive Passive Safety System Market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution