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Global Airbag Market Growth, Revenue, Demand, Analysis, Research and Industry Forecasts for 2016: QYResearchReports.com

Brooklyn, NY , April 15, 2016 (GLOBE NEWSWIRE) -- The report studies the current standing of the global airbag market and where it is headed in the future. An airbag is made of a soft fabric envelop that inflates to cushion passengers from impact in the event of a vehicle colliding with another object. This prevents passengers from hitting the steering, dashboard, windscreen, or other parts of the vehicle thereby potentially saving their life.

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The design of the modern automobile has evolved to contain multiple airbags fitted on either side of the dashboard and other locations within the vehicle. The activation of airbags occurs based on the severity and direction of the collision. Some of the common types of airbags seen on the market today, in terms of where are located, are frontal airbag, knee airbag, side airbag, center airbag, curtain airbag, and so on. Frontal airbags are the most commonly used type of airbags in the world currently. While the demand for airbags is currently the highest in the automotive industry, they are also used in aircraft and space shuttle.

While vehicles sold in developed countries in North America and Western Europe customarily feature airbags as vehicle makers are compelled to adhere to safety mandates, the use of airbags is also now rising in vehicles sold in developing countries, where the loss of life resulting from road accidents is much higher.

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The market research study on the global airbag market presents a detailed analysis of the various forces at play in the market. This is done via adopting a detailed segmentation-centric approach so as to unearth the key factors at play in each market segment. Published in February 2016, the study is composed of 156 pages and has been added under the ‘Machines’ category on QYResearch.

In addition to studying the performance of the market, the report also focuses on the prevailing degree of competition in the global airbag market. For this purpose, the following companies have been profiled: Takata, Autoliv, Hyundai Mobis, Toyoda Gosei, Ashimor, East Joy Long, and others.

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Source: QY Research Reports