Automotive Airbag Market to Register a Healthy 3.5% CAGR, in Terms of Volume, During the Forecast Period 2017 to 2027
Increasing public awareness about vehicle safety is driving necessity for standard fitment in vehicles, coupled with frontal and curtain airbags. Crash tests are being implemented for manufacturers by governments, providing safety benefits to customers. Various safety standards are imposed on vehicles, based on an assessment, for occupant protection, pedestrian protection, and child protection systems. These factors are expected to propel the growth of the global automotive airbag market, according to a report by Future Market Insights (FMI).
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