Global Wearable Air Bag Market Analysis by Airbag, Product Type, application, distribution channel, end-use industries, Region and segments forecast till 2033

Market Overview

The Global Wearable Air Bag Market valued at USD 11,900 million in 2022 is anticipated to reach a value of USD 22,700 million in 2033, rowing at a CAGR of 7.2%.

Report Scope

Global Wearable Air Bag Market: Description

Wearable airbags are typically composed of nylon and inflated with either argon or nitrogen gases. The airbags include cutting-edge technology that anticipates the fall and inflates the bag to protect the person and absorb the impact. Global market expansion is anticipated to be aided by a number of factors, including favorable government efforts and fierce rivalry in the automotive sector. Additionally, it is anticipated that the introduction of smart airbags and the incorporation of AI and smart sensors would further accelerate market expansion in the ensuing years on a global scale.

The rise in demand for drop resistance equipment in sporting and recreational activities, as well as the popularity of equestrian sports, are all contributing reasons to the market's expansion. The market for wearable airbags is divided into two types based on type: airbag belts and airbag jackets. During the projection period, the airbag belt segment is anticipated to hold a bigger market share than the airbag jacket segment. This is explained by their affordable price compared to other wearable airbag kinds and by how simple they are to install. The global wearable airbag market is segmented based on application into applications for drop resistance, equestrian sports, skiing, and motorsports.

Due to the worldwide lockdown and the postponement of all sporting events, the demand for wearable airbags in COVID-19 severely decreased. Adventure competitions, including bike races, were postponed due to the pandemic. As a result, during the epidemic, demand for wearable airbags drastically decreased. Additionally, the healthcare sector has a need for vest airbags to lessen senior fall risk. However, the COVID-19 prevented its usage because of the possibility of cross-contamination. The market's expansion was also hampered by the broken supply chains and expensive raw materials.

Global Wearable Air Bag Market- Segmental Analysis:

Airbag Insights

In 2021, vest airbags will account for a sizable portion of the market for wearable airbags. By offering cushion and protection to the users, it safeguards the entire trunk area and lowers the possibility of injuries to other body parts.

Product Type Insights

Airbag belt segment lead the market with the highest market share, and is anticipated to increase more in the coming future years.

Application Insights

Motorsports belt segment lead the market with the highest market share, and is anticipated to increase more in the coming future years.

Distribution Channel Insights

Online channel segment lead the market with the highest market share, and is anticipated to increase more in the coming future years.

End-Use Industries Insights

Sports industry segment lead the market with the highest market share, and is anticipated to increase more in the coming future years.

Regional Insights

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Europe is projected to capture a substantial revenue share, due to the expansion of cycling competitions and bike racing. Such competitions increase the demand for safety gear and connected technology, such wearable airbags, propelling the market's expansion in the ensuing years throughout the region.

Competitive Analysis

The prominent companies defining the competitive terrain of this marketplace are Dianese, S-AIRBAG, Air Vest, Alpinestars, Hövding, Helite, Moto-Air, Spidi, Mugen Denko, Active Protective Technologies, Wolk Airbag, and Hip-Hope Technologies.

Global Wearable Air Bag Market- Segmental Analysis

By Airbag

·         Vest airbag

·         Head airbag

·         Knee airbag

·         Others

By Product Type

·         Airbag belt

·         Airbag jack

·         Others

By Application

·         Motorsports

·         Equestrian

·         Bicycle

·         Elderly anti-fall

·         Others

By Distribution Channel

·         Online channel

·         Offline channel

·         Others

By end-use Industries

·         Sports industry

·         Adventure industry

·         Healthcare industry

·         Others

Why to buy this Report?

The report provides quantitative and qualitative aspect for Global Wearable Air Bag Market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both Airbag Sizeion and consumption point of view at the regional and country level. Key Factors considered within the report scope are Airbag Sizeion capacity by countries/regions, average End Use, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in Global Wearable Air Bag Market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:

•             Business Model

•             Airbag Sizeion Capacity, Revenue, Sales, Gross Margin

•             Key Business Strategy

•             SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the Card Airbag Size in taking a key decision within the business:

•             Company Share Analysis from 2020-2022

•             Company Analysis by Revenue and Sales

•             Company Airbag Size Capacity, Gross Margin

•             Company Share Analysis by Card Airbag Size/Card Airbag Size

•             Company Share Analysis by Airbag Size/Specification

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