Report Overview

India Automotive Airbag ECU Market - Industry Trends & Forecast Report, 2028

India Automotive Airbag ECU (Electronic Controlling Unit) Market size is expected to expand at a steady CAGR of 8.5% during the forecast period between 2022 and 2028. Major growth factors for India automotive airbag ECU market include rising awareness about innovative safety features in vehicles, increased automotive production, an increasing focus to reduce the frequency of road accidents, and rapid expansion of automobile industry due to higher purchasing power and per capita income. An airbag ECU is an automobile airbag module that is responsible for managing airbag deployment, storing crash data, and communicating information with the car's engine. Apart from deploying airbags, ECU performs other functions, such as monitors car sensors and records seatbelt, collision data, and car speed data, as well.

Automotive Airbag ECU - Technology Advancements

Sensors in automobiles gather data, which ensure various control units interact more effectively. The automotive control devices include belt tensioners, airbags, and other vehicle equipment that can detect an impending collision and reduce the impact of collision on the passengers. Automobile manufacturer’s growing focus on providing enhanced safety measures and devices could drive a spurring demand for automotive airbag ECUs in India.

India Automotive Airbag ECU Market

Growth Drivers

Stringent safety regulations for vehicles

The Save Life Foundation estimated that the severity of road crashes in India in 2021 was 38.6 (deaths per 100 crashes), up from 37.5 in 2020. The intensity of the collision implies the possibility of a fatal traffic accident. The tragic death of former Tata Sons Chairman Cyrus Mistry in a car accident on the highway has increased the focus on car safety. Consequently, the Government of India is enacting further safety requirements, some of which will surpass those of the United States by 2023 to prevent fatalities and injuries in road accidents. For instance, new vehicles made in India will be equipped with six airbags for vehicles seating eight passengers. In addition, the Bharat New Vehicle Safety Assessment Program (BNVSAP), a voluntary star grading system based on crash safety performance characteristics, focuses on front airbags, anti-lock braking systems, and seat belt reminder generators when evaluating safety measures in cars. All these factors are expected to fuel the growth of India automotive airbag ECU market.

Restraints

Limitations on storage time and data availability in airbag ECU

The amount of EDR data that can be recorded by airbag ECUs is technically limited, because of the ECU internal architecture. Limits differ depending on the original equipment manufacturer (OEM), supplier, and product generation.  In addition, the storage is done in discrete portions rather than continuously, which increases storage duration. The sections can only be recorded in order. Consequently, these two factors may hinder the growth of India automotive airbag ECU market.

Impact of COVID – 19 on India Automotive Airbag ECU Market

The COVID-19 pandemic had a detrimental impact on airbag ECU production worldwide in 2020. Demand and production plummeted, and supply interruptions occurred because of people deferring automobile purchases, high raw material prices, the closure of assembly factories, and growing production costs. In addition, the supply chain has been interrupted, exports and imports have decreased due to which new product releases have been delayed. However, with the relaxation of new restrictions and laws, a steady resurgence in retail product sales may have a positive impact on the India automotive airbag ECU market due to the most recent technology advancements in automotive safety. However, an increase in demand for electric vehicles (EVs) is expected to provide attractive prospects for players operating in the automotive airbag ECU market during the forecast period.

India Automotive Airbag ECU Market

Segmental Coverage

India Automotive Airbag ECU Market - By Product Type

Based on product type, India automotive airbag ECU market is bifurcated into Standard and Premium. The premium electronic control unit segment held a higher market share in 2021, as it comprises more safety measures.

India Automotive Airbag ECU Market- By Airbag Type

India automotive airbag ECU market by airbag type is divided into Frontal Airbags ECU and Curtain Airbags ECU segments. The frontal airbags ECU segment held a higher market share in 2021, as the ECU determines whether the frontal airbags of the vehicle will inflate in the case of an accident.

India Automotive Airbag ECU Market - By Vehicle Type

India automotive airbag ECU market by vehicle type is categorized into Passenger Vehicles, LCVs, and MCVs & HCVs segments. The passenger car segment is expected to continue its dominance in India automotive airbag ECU market during the period in analysis, due to an increased demand for passenger cars in both developed and developing economies, such as India. The spurring demand for passenger cars is driven by increased disposable income and purchasing power among people of India.

India Automotive Airbag ECU Market- By Region

Geographically, India automotive airbag market is divided into four major regions: North India, South India, East India, and West India. South India hold the highest market share and is expected to continue its domination in India automotive airbag ECU market over the forecast period. Chennai, in the southern Indian state of Tamil Nadu, is home to several vehicle manufacturers and original equipment manufacturers (OEMs). As the OEMs category holds a larger market share in the India automotive airbags industry, South India is projected to hold the highest market share in in India automotive airbag ECU market during the forecast period.

Competitive Landscape

India automotive airbag ECU market is fiercely competitive with Autoliv, Bosch, Denso Corporation, Delphi Automotive, ZF Friedrichshafen, Continental, Hyundai Mobis Co. Ltd, Infineon Technologies AG, Mitsubishi Electric Corp., and Daicel. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, mergers and acquisitions, collaborations, partnerships, and joint ventures.

Recent Developments

• In October 2022 – Kia announced the recall of 44,174 units of the Carens MPV (multi-purpose vehicle) due to a potential fault in the airbag control unit. The company stated that it would rectify the issue with a free-of-cost software update.

• In December 2021 - ZF Friedrichshafen AG (ZF) formed an alliance with Rane TRW Steering Systems of the Rane Group to produce safety equipment, such as airbags and seat belt systems, for both India and foreign markets.

• In March 2021 – Autoliv, a renowned global supplier of automotive safety systems located in Sweden, announced plans to develop an airbag inflator production site in Chennai, Tamil Nadu, India for INR 1 billion.

Scope of the Report

By Product Type

• Standard

• Premium

By Airbag Type

• Frontal Airbags ECU

• Curtain Airbags ECU

By Vehicle Type

• Passenger Vehicles

• LCVs

• MCVs & HCVs

By Region

• North India

• South India

• East India

• West India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Automotive Airbag ECU Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Stringent safety regulations for vehicles
         1. Technology advancements in airbag ECUs
      3. Restraints
         1. Limitations on storage time and data availability in airbag ECU
      4. Opportunities
         1. Government initiatives to strengthen vehicle safety evaluation systems
      5. Challenges

3. 3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Automotive Airbag ECU Market Overview
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Standard
         2. Premium
      2. By Airbag Type
         1. Frontal Airbags ECU
         2. Curtain Airbags ECU
      3. By Vehicle Type
         1. Passenger Vehicles
         2. LCVs
         3. MCVs & HCVs
      4. By Region
         1. North India
         2. South India
         3. East India
         4. West India
5. North India Automotive Airbags ECU Market
   1. 1. Market Size & Forecast by Value, 2018–2028
      2. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Airbag Type
      3. By Vehicle Type
6. South India Automotive Airbags ECU Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Airbag Type
      3. By Vehicle Type
7. East India Automotive Airbags ECU Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Airbag Type
      3. By Vehicle Type
8. West India Automotive Airbags ECU Market
   1. Market Size & Forecast by Value, 2018–2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
      2. By Airbag Type
      3. By Vehicle Type
9. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Automotive Airbags ECU Company Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Automotive Airbags ECU Market
11. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Autoliv
    2. Bosch
    3. Denso Corporation
    4. Delphi Automotive
    5. ZF Friedrichshafen
    6. Continental
    7. Hyundai Mobis Co Ltd
    8. Infineon Technologies AG
    9. Mitsubishi Electric Corp
    10. Daicel
    11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1      India Automotive Airbag ECU Market Segmentation

Figure 2      India Automotive Airbag ECU Market Value Chain Analysis

Figure 3      Company Market Share Analysis, 2021

Figure 4      India Automotive Airbag ECU Market Size, By Value (USD Million), 2018–2028

Figure 5      India Automotive Airbag ECU Market Share, By Product Type, By Value, 2018–2028

Figure 7      India Automotive Airbag ECU Market Share, By Airbag Type, By Value, 2018–2028

Figure 8      India Automotive Airbag ECU Market Share, By Vehicle Type, By Value, 2018–2028

Figure 9      India Automotive Airbag ECU Market Share, By Region, By Value, 2018–2028

Figure 10    North India Automotive Airbag ECU Market Size, By Value (USD Million), 2018–2028

Figure 11    North India Automotive Airbag ECU Market Share, By Product Type, By Value, 2018–2028

Figure 13    North India Automotive Airbag ECU Market Share, By Airbag Type, By Value, 2018–2028

Figure 14    North India Automotive Airbag ECU Market Share, By Vehicle Type, By Value, 2018–2028

Figure 15    South India Automotive Airbag ECU Market Size, By Value (USD Million), 2018–2028

Figure 16    South India Automotive Airbag ECU Market Share, By Product Type, By Value, 2018–2028

Figure 18    South India Automotive Airbag ECU Market Share, By Airbag Type, By Value, 2018–2028

Figure 19    South India Automotive Airbag ECU Market Share, By Vehicle Type, By Value, 2018–2028

Figure 20    East India Automotive Airbag ECU Market Size, By Value (USD Million), 2018–2028

Figure 21    East India Automotive Airbag ECU Market Share, By Product Type, By Value, 2018–2028

Figure 22    East India Automotive Airbag ECU Market Share, By Airbag Type, By Value, 2018–2028

Figure 23    East India Automotive Airbag ECU Market Share, By Vehicle Type, By Value, 2018–2028

Figure 24    West India Automotive Airbag ECU Market Size, By Value (USD Million), 2018–2028

Figure 25    West India Automotive Airbag ECU Market Share, By Product Type, By Value, 2018–2028

Figure 26    West India Automotive Airbag ECU Market Share, By Airbag Type, By Value, 2018–2028

Figure 27    West India Automotive Airbag ECU Market Share, By Vehicle Type, By Value, 2018–2028

List of Tables

Table 1   India Automotive Airbag ECU Market Size, By Product Type, By Value, 2018–2028

Table 2   India Automotive Airbag ECU Market Size, By Airbag Type, By Value, 2018–2028

Table 3   India Automotive Airbag ECU Market Size, By Vehicle Type, By Value, 2018–2028

Table 4   India Automotive Airbag ECU Market Size, By Vehicle Type, By Value, 2018–2028

Table 5   India Automotive Airbag ECU Market Size, By Region, By Value, 2018–2028

Table 6   North India Automotive Airbag ECU Market Size, By Product Type, By Value, 2018–2028

Table 7   North India Automotive Airbag ECU Market Size, By Airbag Type, By Value, 2018–2028

Table 8   North India Automotive Airbag ECU Market Size, By Vehicle Type, By Value, 2018–2028

Table 9   South India Automotive Airbag ECU Market Size, By Product Type, By Value, 2018–2028

Table 10 South India Automotive Airbag ECU Market Size, By Airbag Type, By Value, 2018–2028

Table 11 South India Automotive Airbag ECU Market Size, By Vehicle Type, By Value, 2018–2028

Table 12 East India Automotive Airbag ECU Market Size, By Product Type, By Value, 2018–2028

Table 13 East India Automotive Airbag ECU Market Size, By Airbag Type, By Value, 2018–2028

Table 14 East India Automotive Airbag ECU Market Size, By Vehicle Type, By Value, 2018–2028

Table 15 West India Automotive Airbag ECU Market Size, By Product Type, By Value, 2018–2028

Table 16 West India Automotive Airbag ECU Market Size, By Airbag Type, By Value, 2018–2028

Table 17 West India Automotive Airbag ECU Market Size, By Vehicle Type, By Value, 2018–2028

Table 18 Autoliv Company Overview

Table 19 Autoliv Financial Overview

Table 20 Bosch Corporation Company Overview

Table 21 Bosch Corporation Financial Overview

Table 22 Denso Corporation Company Overview

Table 23 Denso Corporation Financial Overview

Table 24 ZF Friedrichshafen Company Overview

Table 25 ZF Friedrichshafen Financial Overview

Table 26 Continental Company Overview

Table 27 Continental Financial Overview

Table 28 Hyundai Mobis Co Ltd Company Overview

Table 29 Hyundai Mobis Co Ltd Financial Overview

Table 30 Infineon Technologies AG Company Overview

Table 31 Infineon Technologies Financial Overview

Table 32 Mitsubishi Electric Corporation Company Overview

Table 33 Mitsubishi Electric Corporation Financial Overview

Table 34 Daicel Company Overview

Table 35 Daicel Financial Overview