Automotive airbags and seat belts: a US$39 bn market with room for growth
Sales of automotive airbags and seat belts to original equipment manufacturer (OEM) car builders were worth US$39 bn in 2017, and are expected to grow faster than sales achieved by the global car and light vehicle industry in general. This presents a significant opportunity for manufacturers of airbags and seat belts. However, the market for airbags and seat belts has seen considerable disruption over the past few years and, as a result, this competitive market is now dominated by a handful of key players which operate across global platforms. The Sweden-based company Autoliv is considered to be the market leader, and its main competitors include Joyson Safety Systems and ZF Friedrichshafen. Another key player in the market is Global Safety Textiles which specialises in the manufacture of fabrics for the passive safety market. This report provides an insight into the market for automotive airbags and seat belts, and provides an overview of the operations and strategies of the industry's key players—namely Autoliv, Global Safety Textiles, Joyson Safety Systems and ZF Friedrichshafen
SUMMARY
IMPACT OF AIRBAGS AND SEAT BELTS ON FATALITIES AND
SERIOUS INJURIES
MARKET SIZE AND TRENDS
Development of the airbag market
LEADING MANUFACTURERS OF AIRBAGS AND SEAT BELTS
AUTOLIV
Autoliv’s role in the development of seat belts
Autoliv’s innovations in airbag systems
Autoliv textile operations
Autoliv relocation and expansion measures
JOYSON SAFETY SYSTEMS
Key Safety Systems (KSS)
Airbags
Inflators
Seat belt systems
Takata
Innovations
ZF FRIEDRICHSHAFEN
TRW in China
TRW in Brazil
Innovations
GLOBAL SAFETY TEXTILES
OPW technology
CONCLUSION
IMPACT OF AIRBAGS AND SEAT BELTS ON FATALITIES AND
SERIOUS INJURIES
MARKET SIZE AND TRENDS
Development of the airbag market
LEADING MANUFACTURERS OF AIRBAGS AND SEAT BELTS
AUTOLIV
Autoliv’s role in the development of seat belts
Autoliv’s innovations in airbag systems
Autoliv textile operations
Autoliv relocation and expansion measures
JOYSON SAFETY SYSTEMS
Key Safety Systems (KSS)
Airbags
Inflators
Seat belt systems
Takata
Innovations
ZF FRIEDRICHSHAFEN
TRW in China
TRW in Brazil
Innovations
GLOBAL SAFETY TEXTILES
OPW technology
CONCLUSION
LIST OF TABLES
Table 1: Autoliv: key customer firsts in airbag development, 1994-2013
Table 2: Autoliv Passive Safety: timeline of expansion, 2000-13
Table 3: Key Safety Systems (KSS): global expansion timeline, 1958-2015
Table 4: Key Safety Systems (KSS): industry firsts and technology advances, 1990-2009
Table 5: Takata: expansion timeline, 1991-2012
Table 1: Autoliv: key customer firsts in airbag development, 1994-2013
Table 2: Autoliv Passive Safety: timeline of expansion, 2000-13
Table 3: Key Safety Systems (KSS): global expansion timeline, 1958-2015
Table 4: Key Safety Systems (KSS): industry firsts and technology advances, 1990-2009
Table 5: Takata: expansion timeline, 1991-2012
