Global Airbag Harness Market Research Report by Product Type, Application, Region- Growth Forecast from 2020 to 2029
“Global Airbag Harness Market” is the title of an upcoming market research report that will be available at MarketResearch.biz shortly. All data presented in this document is well researched, analyzed, and accurate. Aspects like key trends, restraints, driving factors, revenue opportunities, etc. are included for a clear understanding of the current and future market scenarios. The global airbag harness market report includes information regarding various strategies, developments, mergers & acquisition, key player details, etc. Information included in the market report will provide clients with a competitive advantage to stay ahead in a highly competitive market. Revenue from the global airbag harness market is expected to reach US$ XX million by 2029 from US$ XX million in 2019. Over the 10-year forecast period, it is projected that revenue from the global airbag harness market will register a CAGR of XX%. This report is segmented on the basis of end-users, application, type, and regions and countries.
The wiring harness that connects the control unit of an airbag to the safety airbag system is known as the airbag harness. It is mainly used for signal data transmission. The automotive passive restraint consists of a bag specifically designed to inflate as soon as the sensor is activated in the event of a collision or vehicle impacting another object. Deployment of the airbag prevents any serious injury to occupants or passengers in a vehicle.
Increasingly stringent safety norms and related regulations mandated by governments in various countries has been resulting in increasing focus on vehicle and driver safety across the automobile manufacturing industry. Safety and enhanced user experience can be considered among some of the key factors driving growth of the global airbag harness market. Components included in a basic airbag system are crash sensors, steering wheel connecting coil, airbag module, diagnostic monitoring unit, and indicator lamp. A battery completes the circuit to ensure power is supplied for functionality of the safety airbag system. When either the battery is disconnected, or the ignition is turned off, the airbag system will still function This is because the airbag system is designed to store a reserve charge of electric energy. The reserved power supply in the airbag system for each vehicle differs. It can last for anywhere between one second to ten minutes. Airbags may remain dormant for years, so each time the vehicle ignition is turned on, the circuitry performs a “self-test”, and a blinking light on the instrument panel confirms this.
Technological advancements that enable development of more efficient vehicle safety systems is expected to positively impact growth of the global airbag harness market. This includes improvements in design of the crash sensors, which may have been overly-sensitive in the initially developed and introduced systems. Minor collisions, potholes, and bumps do not activate or trigger the crash sensors currently due to advancements in design and technologies. An increasing number of vehicle accidents and fatalities is also resulting in governments of various countries implementing more stringent regulations related to safety and design of automobiles. In addition, the global population is increasing substantially, and demand for vehicles has been increasing in parallel. This coupled with increasing production of vehicles is expected to continue to drive market growth.
Global Airbag Harness Market Regional Analysis
Key regions covered in the upcoming report are North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The global airbag harness market report includes an in-depth evaluation of revenue growth in different regions depending on factors such as economy, technological advancements, expansion by major players, etc. The market in Asia Pacific is projected to continue to remain the top revenue contributor to the global market over the forecast period. This is due to increase in demand and production of vehicles in developing countries such as China and India. The market in Europe is expected to register a steady rate over the forecast period.
Global Airbag Harness Market Segmentation
By Product Type
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Furukawa Electric Co. Ltd.
- Kromberg & Schubert
- THB Group Ltd.
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