Automotive Airbag Silicone Market worth USD 534 million by 2025, at a CAGR of 17.5%
The Automotive Airbag Silicone Market is projected to grow from USD 239 million in 2020 to USD 534 million by 2025 in terms of value, at a CAGR of 17.5%. Stringent safety regulations, along with increasing installations and growing demand for frontal, curtain/side, and knee airbags, are expected to fuel the automotive airbag silicone market in the coming years. The growing demand for electric...
Occupant Classification System (OCS) Market Size worth USD 2.8 billion by 2025
The global occupant classification system market is projected to grow at a CAGR of 6.7% to reach USD 2.8 billion by 2025 from an estimated USD 2.0 billion in 2020. The increasing sales of mid-size and luxury vehicles in recent years, which is driven by the changing preferences of vehicle types and lifestyle of the young population, is also expected to drive the OCS market.
By components: The airbag...
Blind Spot Monitor Market Size worth USD 28.6 billion by 2027, at a CAGR of 13.2%
The blind spot monitor market is projected to grow from USD 10.6 billion in 2019 to reach USD 28.6 billion by 2027, at a CAGR of 13.2% during the forecast period
Introduction of stringent government programs pertaining to vehicle safety, rising consumer demand for active safety systems, increasing adoption of smart mirrors in the automotive industry, and growing demand for premium vehicles is expected...