Automotive Airbag Inflator Market 2023 Most Valuable Key Players are Autoliv, Takata, Zf Trw, Huayu Automotive Systems and More

The Global automotive airbag inflator market is anticipated to grow to USD 400 million over the forecast period. Increasing regulatory requirements regarding vehicle safety and rising awareness about customer safety, globally, are driving the automotive airbag inflator market. Furthermore, the increase in the penetration of side-impact and curtain airbags, and vehicle production, the introduction of more bags per car, are the major factors that drive the growth of the automotive airbag inflator market. In US, the National Highway Traffic Safety Administration (NHTSA) introduced new regulations for adopting side airbags, which is likely to be mandated for all vehicles by 2018. Additionally, many automobile manufacturers are investing significantly in R&D for the manufacture of affordable and advanced airbag inflators to meet the increasing demand for airbag systems.

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One of the latest trends in the market is the introduction of flexible vent technology, which ensures that the inflation of airbags is not reliable on the sensors. A smart air pressure control mechanism regulates inflation by controlling the airflow through the vent. The advancement in technology is expected to promote the growth of the global automotive airbag inflators market over the forecast period.

Key Developments in the Market

February 2018: - General Motors has asked the US government for permission to avoid recalls of potentially deadly Takata air bag inflators.

February 2018: - A group of 13 automakers will contribute as much as USD 130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a US plaintiffs' attorney.

Major Key Players:

AUTOLIV, TAKATA, ZF TRW, HUAYU AUTOMOTIVE SYSTEMS, amongst others

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Competitors Analysis

In 2016, Europe is the largest market for airbag inflators due to various government initiatives toward passenger safety such as, the introduction of crash tests for frontal and side impact protection, sub-system tests for pedestrian protection, and anti-lock braking requirements. However, Asia-Pacific is expected to lead the market over the forecast period, because of countries, like India and China, where vehicle production is the highest in the world. With China’s CNAP (China’s New Car Assessment Program) initiatives, the Chinese government has mandated the use of seat belts and frontal airbags, which is expected to increase the demand for airbag inflators in the region.

The rising penetration of automotive OEMs in developing regions is expected to increase the competition among regional players, where product differentiation is a key strategy for OEMs to uphold their market share. With the increasing demand for better quality products, the market competition is expected to increase over the forecast period. The supply chain of this market comprises raw material manufacturers, inflator manufacturers, distributors, and OEMs.

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