Strict Government Regulations on Installation of Automotive Airbag Driving Its Global Market to Reach US $29.72 Bn by 2020
Automotive airbags are, at present, installed mostly in medium and luxury range cars (in terms of price). However, heavy investments in developing cheaper airbags that still meet the safety standards is a major factor boosting the automotive airbag market, according to Transparency Market Research. A recent report, titled "Automotive Airbag Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", indicates that registering an 8.1% CAGR from 2014 to 2020, the global automotive airbag market is...
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