FMI's Report Predicts Automotive Airbag Market to Register a Healthy 4.96% Volume CAGR by 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 system. These factors will propel growth of the global automotive airbag market, according to a report by Future Market Insights (FMI).
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