Global demand for automotive knee airbags is estimated at US$ 186.70 million for 2023 and is forecasted to climb to US$ 320.1 million by 2033-end. The global automotive knee airbags market is predicted to exhibit expansion at a steady 5.5% CAGR over the next ten years.Automotive knee airbags are critical safety devices positioned below the dashboard or within seats to minimize leg injuries during frontal impacts. These airbags help maintain occupant positioning, reducing the risk of severe injuries that can lead to disabilities. Preventive measures, such as compliance with safety standards and advancements in airbag technology, are enhancing their adoption across vehicle types, particularly in premium and luxury cars.

The global automotive knee airbags market is primarily driven by increasing road traffic crashes, which claim approximately 1.3 million lives annually, with 93% of fatalities occurring in low- to middle-income countries. Stringent government mandates, such as India’s requirement for six airbags in passenger cars since October 2022, and growing consumer awareness of vehicle safety are boosting market growth. Additionally, advancements in airbag materials, like silicone-coated variants, are improving performance and adoption

Key Takeaways from Market Study

• Global automotive knee airbags market to reach US$ 320.1 million by 2033.
• Nylon-coated knee airbags segment is projected to account for a significant revenue share by 2033.
• Market in Europe to record a 6.2% CAGR over the forecast period of 2023-2033.
• Market in Asia-Pacific forecast to reach a valuation of US$ 100 million by 2033

“Increasing road safety regulations, rising consumer demand for advanced safety features, and technological innovations in airbag design are expected to propel the automotive knee airbags market over the coming decade,” says a Fact.MR analyst.

Winning Strategy

Key market players are investing in research and development to enhance knee airbag effectiveness, addressing concerns raised by studies like the 2019 Insurance Institute for Highway Safety (IIHS) report, which questioned their benefits. Companies are developing smarter, faster-deploying airbags using advanced materials and AI-driven collision detection.

For instance:

• In 2024, Safeware, a South Korean start-up, introduced a wearable airbag using AI to detect collisions in under 1/5 of a second, targeting automotive and other applications.
• Hyundai Mobis launched advanced knee airbag systems in 2024, integrating multi-stage deployment for enhanced occupant protection

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the global automotive knee airbags market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.

The study divulges essential insights on the market on the basis of coating type (neoprene-coated, silicone-coated, nylon-coated), yarn type (nylon, polyester), sales channel (OEM, aftermarket), vehicle type (passenger cars, commercial vehicles), and across five major regions (North America, Europe, Asia-Pacific, Latin America, and MEA).

Key Companies Profiled

• Autoliv Inc.
• ZF Friedrichshafen AG
• Toyoda Gosei Co. Ltd.
• Hyundai Mobis Co. Ltd.
• Joyson Safety Systems
• Nihon Plast Co., Ltd.
• Ashimori Industry Co., Ltd.

Industry News

In July 2024, Hyundai Mobis introduced advanced knee airbags for purpose-built vehicles, featuring improved deployment mechanisms to enhance lower extremity protection, aligning with global safety standards.

Explore More Related Studies Published by Fact.MR Research

The global surgical equipment market stands at US$ 16.7 billion in 2023 and is forecasted to expand at an impressive 8.6% CAGR over the next ten years to reach US$ 38.1 billion in revenue by 2033-end.

The global automotive smart display market is expected to reach USD 18.2 billion by 2035, up from USD 8.2 billion in 2024. During the forecast period, the industry is projected to grow at a CAGR of 7.8%. Rising demand

The global polymerase chain reaction market size is expected to attain a valuation of US$ 6.2 billion in 2024. Projected to expand at a CAGR of 10%, worldwide sales of polymerase chain reaction products are foreseen to reach US$ 16 billion by 2034.

The global Isoprenol Market was valued at USD 337.7 million in 2024 and expand at a CAGR of 6.5% to end up at USD 675.0 million by 2035.

Global consumption of metallocene polyolefin is set to reach US$ 13.77 billion in 2022, and the market is expected to expand rapidly at a high CAGR of 9.5% to reach a market valuation of US$ 34.16 billion by the end of 2032.

The global steel pipe coatings market is estimated to be valued at US$ 8.8 billion in 2023 and it is expected to grow at a CAGR of 4.7% to reach US$ 14.0 billion by the end of 2033.

About Fact.MR

We are a trusted research partner of 80% of Fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.

Contact
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team: [email protected]
Follow Us: LinkedIn | Twitter | Blog