The new report by Expert Market Research titled, ‘Global Automotive Airbag Inflator Market Growth, Price, Size, Demand, Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global automotive airbag inflator market. There is a market assessment based on its various segments such as airbag type, inflator type, vehicle type, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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Automotive Airbag Inflator Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 4.8%
Air bag inflators find applications in driver, passenger, side, curtain, and knee airbags. To fill the airbag cushions during a crash, pyrotechnic, stored gas, and hybrid airbag inflators are used. Leading manufacturers are building inflator technologies to meet the most stringent governmental and customer requirements across the globe.
Hybrid airbag inflators have multiple benefits over conventional pyrotechnic airbag inflators. These include greater performance tailoring capacity, low exhaust gas temperature, reliable airbag deployment over temperature variation, reduced airborne particulates, and more. They are also preferred as they utilise environmentally friendly compressed gas to provide maximum passenger protection.
Automotive Airbag Inflator Market Segmentation
Inflators are the engine of airbag systems which can fill the airbags instantaneously. They are designed to protect passengers and are a crucial component which works by either the combustion of chemical propellants or by compressed gas.
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Based on type of airbag, the market is segmented into:
• Drive Airbag
• Passenger Airbag
• Curtain Airbag
• Knee Airbag
• Pedestrian Protection Airbag
• Side Airbag
On the basis of inflator type, the market is divided into:
• Pyrotechnic
• Stored Gas
• Hybrid
According to vehicle types, the market is bifurcated into:
• Passenger Vehicles
• Commercial Vehicles
The major regional markets include:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa
Automotive Airbag Inflator Market Trends
Increasing safety concerns in the wake of rising number of road accidents and the uncertainty while travelling makes a strong case for use of airbags. The use of airbag inflators along with seatbelts reduce the impact of an accident and consequently lower fatality risks. In addition, expanding populations and rising disposable incomes have surged the production and sale of safe automobiles, aiding the demand for airbag inflators.
Stringent government regulations have also compelled manufacturers to ensure that airbags are fitted in all vehicles, significantly favouring the demand for airbag inflators. For instance, the government of India mandated dual airbags with effect from 1st April 2021.
Key Market Players
The major players in the Automotive Airbag Inflator market report include:
- Autoliv Inc.
- ARC Automotive, Inc.
- Joyson Safety Systems Aschaffenburg GmbH
- Toyoda Gosei (Zhangjiagang) Co., Ltd.
- Daicel Corporation
- Nippon Kayaku Seizo Co., Ltd.
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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