According to the new "Automotive Airbag ECU Market Forecast to 2028 - COVID-19 Impact and Global Analysis" report published by The Insight Partners, the automotive airbag ECU market is expected to reach US$ 7,868.11 million by 2028, registering a CAGR of 3.7% from 2022 to 2028.
In recent years, the demand for automobiles with advanced safety features has increased significantly. In response, automotive manufacturers are focusing on improving fuel and cost efficiencies, driving experience, and passenger and driver safety. Airbag control units (ACUs) are critical components of the new E/E architecture, providing greater protection for vehicle occupants. ACUs ensure that airbags deploy reliably and meet the highest crash safety standards. In addition to sensors, ACUs receive signals from pressure sensors, which detect and report collision pressure waves. These advancements in airbag and ECU technologies are driving their adoption across passenger vehicles.
Modern vehicles feature interconnected components such as airbags, seatbelts, and batteries. Leading automotive manufacturers aim to make cars safer by enhancing their ability to receive signals from connected control units, making airbag deployment faster and more precise.
As the demand for passive safety systems technology continues to grow, automotive airbag ECU market players are implementing innovative strategies to maintain a competitive edge. For example, in 2019, Hyundai Mobis announced the development of a Safety Integrated Control Module that improves the efficiency and safety of automotive safety devices. This new module combines the separate ECUs for airbags and electronic seatbelts into a single unit.
In March 2022, the Government of India made six airbags compulsory in cars sold in the country. Hence, all the cars manufactured after October 01, 2022 had a mandate of having six airbags. The European Commission (EC) is working on framing regulatory standards for motor vehicles with the safety of vehicle occupants and vulnerable road users. In the European Union (EU), updated UNECE regulations on seatbelts mandated the installation of seatbelt reminder systems in the front and rear seats of new cars from September 2019. Such regulations in different countries are likely to encourage advancements in airbag ECUs.
The Automotive Airbag ECU market has been segmented based on product type, airbag type, and vehicle type. Based on product type, the market is segmented into standard and premium. In 2021, the premium segment dominated the market. The deployment of high-end ECUs enables Complex passive and active safety features in vehicles. They can accommodate up to 52 firing loops; 16 satellite sensors; and are capable of front, side, and rear impact detection, and discrimination. They also aid in extra safety functions, such as crash impact sound detection, post-crash breaking, and active emergency brake control, which makes them appropriate for cars for premium segments.
Key Findings of Automotive Airbag ECU Market Study
The global automotive airbag ECU market is divided into five main regions, namely North America, Europe, Asia Pacific, the Middle East & Africa, and South America. In 2021, the Asia Pacific region led the market and is anticipated to grow at a CAGR of 4.2% during the forecast period. The Asia Pacific market is further subdivided into China, Japan, Australia, India, South Korea, and the Rest of Asia Pacific, characterized by the presence of developed and emerging economies, and a growing GDP, industrialization, and standard of living.
North America's market is sub-segmented into the US, Canada, and Mexico, driven by the increasing adoption of electric vehicles due to environmental regulations and green initiatives. The Europe market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The European market is stimulated by the high GDP and GDP per capita, wide technology adoption, and a robust transportation infrastructure that supports the growth of the automotive and transportation industries, consequently driving the automotive airbag ECU market growth in Europe.
The automotive airbag ECU market in the Middle East and Africa (MEA) is divided into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. While the Middle Eastern countries have highly advanced economies, African countries are still in the developing phase. The MEA market is projected to experience rapid growth due to increasing demand for premium vehicles from GCC countries. In South America (SAM), the automotive airbag ECU market is segmented into Brazil, Argentina, and the Rest of SAM. Currently, South America is facing economic and political instability, which is hindering the region's economic growth. However, the presence of well-known automobile companies such as General Motors, Volkswagen, Hyundai, Ford, Toyota, Peugeot, and Renault in the region is boosting the growth of the automotive airbag ECU market.
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