Lucintel’s latest market report analyzed that automotive airbag fabric provides attractive opportunities in the front airbag, side airbag, knee airbag, and curtain airbag markets. The automotive airbag fabric market is expected to reach $4.4 billion by 2028 with a CAGR of 6.2%. In this market, passenger cars is the largest segment by vehicle type, whereas curtain airbags is largest by airbag type.
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Based on vehicle type, the automotive airbag fabric market is segmented into passenger cars, light commercial vehicles, heavy trucks, buses, and coaches. The passenger cars segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing automotive production and growing demand for comfortable and luxurious interior features in vehicles.
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The Automotive Airbag Fabric Market is marked by the presence of several big and small players. Some of the prominent players offering automotive airbag fabric include HMT (Xiamen) New Technical Materials, Asahi Kasei, Autoliv AB, Kolon Industries , Teijin Limited, Toray Industries, Toyobo Co., and Toyota Boshoku Corporation.
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