A report from ReportLinker showed that the global automotive airbag market is expected to grow to $71.8 billion by the year 2025. The firm said the growing market can be attributed to a number of factors, including technological advances in developing airbags, legislation mandating the installation of airbags in newer vehicles and “smart” airbags that come with sensors.
Despite its promise to have all of its airbags fixed, Takata has yet to complete this task. In fact, 24% of those recalled airbags have yet to be repaired. That means nearly 12 million vehicles are on the road with defective airbags.