AUTOMOTIVE AIRBAG SENSORS MARKET ANALYSIS

Regional Analysis

Automotive Airbag sensor Market: Regional Insight

The regional market for the airbag sensors is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

Asia Pacific held the dominant position in the airbag sensors market and is expected to retain its dominance throughout the forecast period. India, China, Japan are some of the major countries, which drive growth of the airbag sensors market in this region. Furthermore, high sales of automotive vehicles in Asia Pacific is one of the major driving factor for growth of the market in this region. For instance, according to the International Organization of Motor Vehicle Manufacturers, the sales or registration of new passenger cars was 2.97 million units in India in 2016, and it increased from 2.77 million units in 2015. Similarly, in china the sales or registration of new passenger cars were 24.38 million units in 2016, which increased from 21.21 million units in 2015. Moreover, increasing government regulation related to automotive vehicle safety have accelerate the market growth in this region. For instance, in 2017, India Union minister of road transport & highway announced the Bharat new vehicle safety assessment program in which airbags, anti-lock braking system, and seat belt become mandatory to install in new vehicles.