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Middle East & Africa Automotive Airbag ECU Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product Type (Standard and Premium), Airbag Type (Frontal Airbag ECU and Curtain Airbag ECU), and Vehicle Type (Passenger Vehicles and Commercial Vehicles)
- Report Code : BMIRE00027424
- Pages : 118
The automotive airbag ECU market in Middle East & Africa is expected to grow from US$ 370.39 million in 2022 to US$ 468.88 million by 2028. It is estimated to grow at a CAGR of 4.0% from 2022 to 2028.
Government Initiatives to Strengthen Vehicle Safety Evaluation Systems
The growing awareness among consumers about vehicle safety features, along with a rise in willingness to pay extra costs for airbags with better features, signifies a vast potential for the automotive airbag ECU market. In India, the Bharat New Vehicle Safety Assessment Program (BNVSAP) initiative is a voluntary star rating system based on crash safety performance features. The program focuses on systems such as front airbags, anti-lock braking systems (ABS), and seat belt reminder generators while evaluating cars. The New Car Assessment Program for Southeast Asian Countries (ASEAN NCAP) has brought multiple changes and adaptations regarding the region’s socioeconomic development, focusing more on road safety. The UN initiative Decade of Action for Road Safety, introduced in October 2021, has helped to bring down the number of fatalities associated with road accidents.
Market Overview
The automotive airbag ECU market in the MEA is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The automotive sector in these countries is growing at a steady pace. The rising demand for commercial vehicles across the region can be attributed to increased development and infrastructure operations in many countries. Despite an increase in the sales in the automobile sector, Turnkey manufacturing was hampered by chips shortage. However, in the coming years, semiconductor production will increase due to the consistent rise in vehicles sales. Additionally, the region depends on foreign production facilities to import parts for the vehicle industry. The National Electronics and Cryptology Research Institute is striving to manufacture components at its semiconductor Technologies Research Laboratory. The growth of the automobile market will be considerably aided by this strategy.
The governments of several countries in the MEA have realized the importance of the automotive industry and are taking initiatives to support the growth of the automotive manufacturing industry in the region. For instance, the Government of South Africa launched South African Automotive Masterplan (SAAM) that aims to broaden and deepen the local value chains. Additionally, the automotive manufacturers in South Africa are focusing on strengthening their position in the country. For instance, in 2018, Mahindra SA opened its vehicle assembly facility in Durban, South Africa. In January 2020, Toyota announced that it would invest ~US$ 266.21 million in its parts distribution and manufacturing projects in South Africa. The rising government initiatives for the development of the automotive sector and the increasing focus of the companies toward strengthening their presence in the region support the growth of the automotive airbag ECU market in the country. In addition, the South African government and the businesses place the highest priority on passenger safety. Manufacturers have been forced to include safety equipment in cars by regulations aimed at enhancing consumer security and safety. Due to several government initiatives aimed at improving passenger safety, including the implementation of crash tests for front and side impact protection, and anti-lock braking requirements, South Africa continues to hold the largest automotive airbag ECU market share in the MEA. Furthermore, several leading companies, such as BMW and Mercedes, are dominating the automotive industry in the country. Further, Saudi Arabia is considered to have the largest automotive sales and auto parts segment. Moreover, it remains an important market for the US automakers. Besides, SUVs and luxury cars are widely adopted vehicles in the country, gaining significant traction among consumers.
Middle East & Africa Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Automotive Airbag ECU Market Segmentation
The Middle East & Africa automotive airbag ECU market is segmented into product type, airbag type, vehicle type, and country.
The product type segment is bifurcated into standard and premium. Premium segment is expected to lead the automotive airbag ECU market in 2022.
Based on airbag type, the automotive airbag ECU market can be bifurcated into frontal airbag ECU and Curtain airbag ECU. Frontal airbag ECU segment is expected to lead the automotive airbag ECU market in 2022. Based on vehicle type, the market is segmented into passenger vehicles and commercial vehicles. The commercial segment is expected to hold the largest market share in 2022. Based on country, the market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of Middle East & Africa. South Africa is expected to dominate the market in 2022. Aptiv; Autoliv Inc.; Continental AG; Denso Corporation; HELLA GmbH and Co. KGaA; Mitsubishi Electric Corporation; Robert Bosch GmbH; and ZF Friedrichshafen AG are the leading companies operating in the automotive airbag ECU market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Automotive Airbag ECU Market– By Product type
1.3.2 MEA Automotive Airbag ECU Market– By Airbag type
1.3.3 MEA Automotive Airbag ECU Market– By Vehicle type
1.3.4 MEA Automotive Airbag ECU Market– By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Automotive Airbag ECU Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Automotive Airbag ECU Market- Key Market Dynamics
5.1 Market Drivers
5.1.1 Stringent Safety and Regulatory Standards for Vehicles
5.1.2 Technological Advancements in Airbag ECUs
5.2 Market Restraints
5.2.1 Limitations on Storage Time and Data Availability in Airbag ECU
5.3 Future Trends
5.3.1 Adoption of Airbag ECUs in Electric Vehicles
5.4 Impact Analysis of Drivers and Restraints
6. Automotive Airbag ECU Market– MEA Analysis
6.1 MEA Automotive Airbag ECU Market Forecast and Analysis
7. MEA Automotive Airbag ECU Market Revenue and Forecast to 2028 – Product Type
7.1 Overview
7.2 MEA Automotive Airbag ECU Market, By Product type (2021 and 2028)
7.3 Standard
7.3.1 Overview
7.3.2 Standard: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
7.4 Premium
7.4.1 Overview
7.4.2 Premium: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
8. MEA Automotive Airbag ECU Market Revenue and Forecast to 2028 – Airbag Type
8.1 Overview
8.2 MEA Automotive Airbag ECU Market, By Airbag type (2021 And 2028)
8.3 Frontal Airbag ECU
8.3.1 Overview
8.3.2 Frontal Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
8.4 Curtain Airbag ECU
8.4.1 Overview
8.4.2 Curtain Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast To 2028 (US$ Million)
9. MEA Automotive Airbag ECU Market – By Vehicle Type
9.1 Overview
9.2 MEA Automotive Airbag ECU Market, by Vehicle Type (2021 and 2028)
9.3 Passenger Vehicles
9.3.1 Overview
9.3.2 Passenger Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Commercial Vehicles
9.4.1 Overview
9.4.2 Commercial Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
10. MEA Automotive Airbag ECU Market– Country Analysis
10.1 Overview
10.1.1 Middle East and Africa: Automotive Airbag ECU Market, by Key Country
10.1.1.1 South Africa: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 South Africa: Automotive Airbag ECU Market, By Product type
10.1.1.1.2 South Africa: Automotive Airbag ECU Market, By Airbag type
10.1.1.1.3 South Africa: Automotive Airbag ECU Market, By Vehicle type
10.1.1.2 Saudi Arabia: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 Saudi Arabia: Automotive Airbag ECU Market, By Product type
10.1.1.2.2 Saudi Arabia: Automotive Airbag ECU Market, By Airbag type
10.1.1.2.3 Saudi Arabia: Automotive Airbag ECU Market, By Vehicle type
10.1.1.3 UAE: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 UAE: Automotive Airbag ECU Market, By Product type
10.1.1.3.2 UAE: Automotive Airbag ECU Market, By Airbag type
10.1.1.3.3 UAE: Automotive Airbag ECU Market, By Vehicle type
10.1.1.4 Rest of MEA: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Rest of MEA: Automotive Airbag ECU Market, By Product type
10.1.1.4.2 Rest of MEA: Automotive Airbag ECU Market, By Airbag type
10.1.1.4.3 Rest of MEA: Automotive Airbag ECU Market, By Vehicle type
11. Automotive Airbag ECU Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Product Launch
12. Company Profiles
12.1 Aptiv
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Autoliv Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Continental AG
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Denso Corporation
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Robert Bosch GmbH
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 HELLA GmbH and Co. KGaA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ZF Friedrichshafen AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Mitsubishi Electric Corporation
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Automotive Airbag ECU Market, Revenue and Forecast, 2019–2028 (US$ Million)
Table 2. South Africa: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 4. South Africa: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 5. South Africa: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 6. South Africa: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 7. South Africa: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 8. Saudi Arabia: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Saudi Arabia: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 10. Saudi Arabia: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Saudi Arabia: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 12. Saudi Arabia: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 13. Saudi Arabia: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 14. UAE: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 15. UAE: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 16. UAE: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 17. UAE: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 18. UAE: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 19. UAE: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 20. Rest of MEA: Automotive Airbag ECU Market, By Product type – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of MEA: Automotive Airbag ECU Market, By Product type – Volume and Forecast to 2028 (‘000 units)
Table 22. Rest of MEA: Automotive Airbag ECU Market, By Airbag type – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of MEA: Automotive Airbag ECU Market, By Airbag type – Volume and Forecast to 2028 (‘000 units)
Table 24. Rest of MEA: Automotive Airbag ECU Market, By Vehicle type– Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of MEA: Automotive Airbag ECU Market, By Vehicle type– Volume and Forecast to 2028 (‘000 units)
Table 26. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Automotive Airbag ECU Market Segmentation
Figure 2. MEA Automotive Airbag ECU Market Segmentation – Country
Figure 3. MEA Automotive Airbag ECU Market Overview
Figure 4. MEA Automotive Airbag ECU Market, By Product type
Figure 5. MEA Automotive Airbag ECU Market, By Airbag type
Figure 7. MEA Automotive Airbag ECU Market, By Country
Figure 8. MEA: PEST Analysis
Figure 9. MEA Automotive Airbag ECU Market Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Automotive Airbag ECU Market: Impact Analysis of Drivers and Restraints
Figure 12. MEA Automotive Airbag ECU Market, Forecast and Analysis (US$ Million)
Figure 13. MEA Automotive Airbag ECU Market, By Product type (2021 and 2028)
Figure 14. MEA Standard: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Premium: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Automotive Airbag ECU Market, By Airbag type (2021 and 2028)
Figure 17. MEA Frontal Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Curtain Airbag ECU: Automotive Airbag ECU Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Automotive Airbag ECU Market Revenue Share, by Vehicle Type (2021 and 2028)
Figure 20. MEA Passenger Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. MEA Commercial Vehicles: Automotive Airbag ECU Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. MEA: Automotive Airbag ECU Market, by Key Country – Revenue (2021) (US$ Million)
Figure 23. Middle East and Africa: Automotive Airbag ECU Market Revenue Share, By Key Country (2021 and 2028)
Figure 24. South Africa: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. Saudi Arabia: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 26. UAE: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
Figure 27. Rest of MEA: Automotive Airbag ECU Market– Revenue and Forecast to 2028 (US$ Million)
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa automotive airbag ECU market
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa automotive airbag ECU market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the automotive airbag ECU market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
The List of Companies – Middle East & Africa Automotive Airbag ECU Market
● Aptiv
● Autoliv Inc.
● Continental AG
● Denso Corporation
● HELLA GmbH and Co. KGaA
● Mitsubishi Electric Corporation
● Robert Bosch GmbH
● ZF Friedrichshafen AG
At 4.0% CAGR, the Middle East & Africa Automotive Airbag ECU market is speculated to be worth US$ 468.88 million by 2028, says The Insight Partners
According to The Insight Partners’ research, the Middle East & Africa automotive airbag ECU market was valued at US$ 370.39 million in 2022 and is expected to reach US$ 468.88 million by 2028, registering an annual growth rate of 4.2% from 2022 to 2028. Strict safety and regulatory standards for vehicles and technological enhancements in airbag ECUs are the critical factors attributed to the market expansion.
The growing popularity of electric vehicles is primarily attributed to the need for low-emission vehicles, and subsidies and tax rebates offered by different country governments to the user of zero-emission vehicles. The growing scale of EV manufacturing is expected to strengthen the demand for automotive airbag ECUs during the forecast period. Electric cars are equipped with airbags and seatbelts with advanced features to ensure an enhanced travel experience. In December 2021, Continental AG localized its value chain In India—including stages ranging from R&D to design—to cater to the rising demand for ACUs in the country. The company’s manufacturing plant located in Bengaluru produces 1 million ACUs a year.
On the contrary, limitations on storage time and data availability in airbag ECU hurdles the growth of Middle East & Africa automotive airbag ECU market.
Based on product type, the automotive airbag ECU market sphere is bifurcated into standard and premium. The premium segment held 73.6% market share in 2022, amassing US$ 272.68 million. It is projected to garner US$ 352.15 million by 2028 to expand at 3.5% CAGR during 2022–2028. By the airbag type, the Middle East & Africa automotive airbag ECU market is bifurcated into frontal airbag ECU and Curtain airbag ECU. With 89.0% share of the domain, the frontal airbag ECU segment dominated the market in 2022. It accrued US$ 329.66 million in 2022 and is estimated to generate US$ 414.16 million by 2028 to grow at a CAGR of 3.9% over the forecast period.
By the vehicle type, the Middle East & Africa automotive airbag ECU market is bifurcated into passenger vehicles and commercial vehicles. With 81.0% share of the domain, the frontal airbag ECU segment dominated the market in 2022. It accrued US$ 299.99 million in 2022 and is estimated to generate US$ 362.29 million by 2028 to grow at a CAGR of 3.2% over the forecast period.
Our regional analysis states that South Africa captured 91.5% market share in 2022. It was assessed at US$ 26.39 million in 2022 and is likely to hit US$ 32.54 million by 2028, exhibiting a CAGR of 3.5% during the forecast period.
Key players dominating the Middle East & Africa automotive airbag ECU market are Aptiv; Autoliv Inc.; Continental AG; Denso Corporation; HELLA GmbH and Co. KGaA; Mitsubishi Electric Corporation; Robert Bosch GmbH; and ZF Friedrichshafen AG among others.
A few major market developments by key market players are:
In 2022, Autoliv has announced its collaboration with Nuro, autonomous vehicle company for providing higher safety features with exterior airbag to Nuro’s latest third-generation vehicle. In 2022, HELLA and Faurecia have agreed to merge their companies: The formation of a partnership brings up new opportunities for growth. Faurecia buys a 60% interest in HELLA from its pool shareholders and makes a tender offer for the remaining HELLA shares at € 60 per share in this joint venture. The two firms have merged to form the world’s seventh largest automotive supplier and a worldwide market leader in high-growth technological sectors.
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