Wearable Air Bag Market size is expected to grow at a CAGR of 81 from 2022 to 2030

According to the Market Statsville Group (MSG), the global wearable airbag market size is expected to grow at a CAGR of 8.1% from 2022 to 2030. Wearable airbags are typically made of nylon, in which, either nitrogen or argon gases are used to inflate the bag. The airbags are equipped with advanced technology which pre-determines the fall and inflates the bag to provide cushion and safety to the user. There are several factors expected to support the market growth globally, such as the supportive government initiatives coupled with the high competition in the automotive industry. Moreover, the introduction of smart airbags, and integration of smart sensors and AI, are expected to further accelerate the market’s growth in forthcoming years at the global level.

COVID–19 Impact on the Global Wearable Air Bag Market

The demand for wearable airbags declined drastically in COVID-19 due to the global lockdown, and all sports activities were postponed. Adventure tournaments, such as bike races activities were halted amid the pandemic. Hence, the demand for wearable airbags reduced abruptly during the pandemic. Furthermore, there was a demand for vest airbags from the healthcare industry to reduce the elderly fall. However, there were chances of cross-contamination inhibiting its use during the COVID-19. Also, the disrupted supply chains and high cost of raw materials negatively impacted the market’s growth.

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