openPR Logo
Press release

Automotive Airbag Inflators Market worth US$ 5.2 billion in 2023

12-19-2018 07:41 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Automotive Airbag Inflators Market worth US$ 5.2 billion in 2023

Stratview Research announces the launch of a new research report on Automotive Airbag Inflators Market. This 259-page extensive report from Stratview Research, studies Automotive Airbag Inflators Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Click here to read the detailed description: https://www.stratviewresearch.com/124/automotive-airbag-inflators-market.html

This Automotive Airbag Inflators Market analysis has been segmented in four ways, keeping in mind the interest of all the stakeholders across the value chain.
• By Vehicle Type (Compact Car, Mid-Size Car, Large Car, MPV & LCV, SUV, Others)- Compact cars, SUVs, MPVs, and LCVs will be most dominant vehicle types.
• By Airbag Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag)- Front airbag will be most dominant airbag type in the market.
• By Inflator Type (Pyrotechnic Inflators, Stored Gas Inflators, Hybrid Inflators)- Pyrotechnic inflator is projected to remain the most dominant inflator type in the market.
• By Region (North America, Europe, Asia-Pacific, Rest of the World)- Asia-Pacific is likely to surpass Europe to become the largest airbag inflators market during the forecast period.

Go through the detailed TOC:https://www.stratviewresearch.com/toc/124/automotive-airbag-inflators-market.html
Or
Get a free sample:https://www.stratviewresearch.com/Request-Sample/124/automotive-airbag-inflators-market.html

Automotive Airbag Inflators Market Insights
The next five years for the automotive airbag inflators market are going to be vigorous with a plethora of opportunities for both existing as well as new players. Both organic and inorganic growth routes are strategically being evaluated by the major players for a large pie in the market. On one side, some of the major players are incessantly expanding their existing capacities of airbag inflators in order to meet the growing demand from both OE as well as replacement market, whereas on the other side, few major players are strategically performing M&A activities to quickly gain the leading position in the market.

The automotive airbag inflators market is projected to reach an estimated value of US$ 5.2 billion in 2023. Expected growth in automotive production, especially in Asia-Pacific and rest of the world; increasing awareness about the vehicle safety across the globe; introduction of more bags per car; and the introduction of more stringent passenger safety standards are the major factors burgeoning the demand for airbag inflators in the automotive industry. Faulty airbag inflators of Takata Corporation are further flaring up the demand for inflators in the replacement market.

An airbag is the most important safety device in an automobile. There are different types of airbags installed in an automobile, such as driver bags, passenger bags, side bags, curtain bags, knee bags, and roll-over bags. The market for airbag has been growing at a higher pace than that of the automotive industry due to increasing awareness towards passenger safety. The inflator is that part of an automobile’s airbag inflator system which generates gas to inflate the airbags. An inflator inflates the bag with gas in about 0.02 seconds, less than a blink of an eye. The functions of an airbag inflator are:

• Provide an adequate storage for inflation material
• Respond to the signal provided by sensors by injecting gas into the airbag in case of a collision or a crash.

During the collision, a signal is sent to the inflator unit within the airbag control unit. The igniter starts a rapid chemical reaction generating primarily nitrogen gas to inflate the airbag.

The global automotive airbag inflators market is segmented based on the vehicle type as Small Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others. Compact cars, SUVs, MPVs, and LCVs are expected to offer robust growth opportunities for airbag inflators in the global automotive industry in the coming years. Increasing demand for compact cars (hatchbacks) and SUVs in the major Asian countries, such as China and India, and highly congested cities of the developed economies are the major drivers of the demand for inflators in these vehicle types. The introduction of more stringent passenger safety standards further elevates the demand for airbags and their inflators in these vehicle types.

Based on the type of inflators, the global automotive airbag inflators market is segmented as Pyrotechnic Inflators, Stored Gas Inflators, and Hybrid Inflators. Pyrotechnic inflator is projected to remain the most dominant inflator type in the market during the forecast period, driven by its higher usage in frontal airbags. Hybrid inflators and stored gas inflators are likely to witness higher growth rates during the same period. Hybrid inflators offer numerous advantages over pyrotechnic inflators, such as a greater performance tailoring, lower exhaust gas temperature, reduced gaseous and airborne particulates, and greater bag fill capability.

In terms of region, Asia-Pacific is likely to surpass Europe to become the largest airbag inflators market during the forecast period. China, Japan, and South Korea are likely to remain the major markets for airbag inflators in the region, whereas India is likely to be the new growth engine of the growing region’s demand for airbag inflators. China is the world’s largest light vehicle manufacturer. With its CNAP (China’s New Car Assessment Program) initiatives, the Chinese government has mandated the usage of seatbelts and frontal airbags. The number of airbags in vehicles in China is expected to reach the same level as in Europe and the USA. This has been possible due to a lot of promotional initiatives taken by the government, such as advertisements and highway hoardings.

Europe and North America are also likely to generate favorable growth opportunities in the coming years. The overall penetration of airbags is comparatively very high in North America and Europe as compared to that of Asia-Pacific, owing to the stringent passenger safety standards.

The supply chain of this market comprises raw material manufacturers, inflator manufacturers, distributors, airbag manufacturers, and OEMs. Some of the airbag manufacturers are Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., and Jinzhou Jinheng Automotive Safety System Co., Ltd. The major automotive OEMs are General Motors Company, BMW, Toyota Motor Corporation, and Ford Motor Company. Most of the airbag manufacturers manufacture inflators as well. The key airbag inflator suppliers in the automotive industry are Autoliv Inc., Takata Corporation, ZF TRW Automotive Holdings Corp., Daicel Corporation, Key Safety Systems, Inc., and Toyoda Gosei Co., Ltd. New product development, formation of long-term contracts, and execution of M&A activities are the key strategies adopted by the major players to gain a competitive edge in the market.

Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Click Here for Other Reports from Stratview Research in the Automotive Industry:
https://stratviewresearch.com/market/report/Automotive-Transportation.html

About Stratview Research
Stratview Research is a global market intelligence and strategic research firm offering wide range of services including syndicated market reports, custom research, and procurement intelligence across industries such as Advanced Materials, Composites, Aerospace and Defense, Automotive and Transportation, Construction and Equipment, Energy and Utility, Consumer Goods, Marine, and Oil and Gas.

400 Renaissance Center, Suite 2600, Detroit, Michigan, MI 48243 United States of America

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Airbag Inflators Market worth US$ 5.2 billion in 2023 here

News-ID: 1449066 • Views: 185

More Releases from Stratview Research

Floor Adhesives Market Size to Grow at a CAGR of 5.1% by 2023
Floor Adhesives Market is expected to grow at a CAGR of 5.1% during 2018-2023, according to a newly added report by Stratview Research. This represents an attractive growth opportunity in the entire ecosystem of the market. Growing global construction industry, increasing consumption of adhesives globally, increasing use of water-based adhesives over solvent-based adhesives to reduce VOC emissions, replacement of mechanical fastening systems with adhesives, and the ability of adhesives to
Harmonic Filter Market Size to Grow at a CAGR of 6.4% by 2023
Harmonic Filter Market is expected to grow at a CAGR of 6.4% during 2018-2023, according to a newly added report by Stratview Research. Increasing use of power electronics that basically operates through electronic switching, increasing levels of harmonic distortions of voltage and current waveforms in power systems, increasing usage of variable frequency drives (VFDs), rising demand from the data centers and IT industries, increasing number of metal arc furnaces worldwide,
Sprayed-in-Place Pipe (SIPP) Market Size to Grow at a CAGR of 4.4% by 2024
Sprayed-in-Place Pipe (SIPP) Market is expected to grow at a CAGR of 4.4% during 2019-2024, according to a newly added report by Stratview Research. The SIPP market is mainly driven by the spending of government and municipal corporations towards infrastructure rehabilitation. Most of the water main pipes, wastewater pipes, and storm pipes in the major countries, such as the USA, Germany, and Canada, have reached or almost reaching their retirement
Trenchless Pipe Rehabilitation Market Size to Grow at an impressive CAGR by 2025
The trenchless pipe rehabilitation market is projected to grow at an impressive rate over the next five years to reach an estimated value of US$ 6.4 billion in 2025., according to a newly added report by Stratview Research. The market is mainly driven by the increase in spending of government and municipal corporations of various countries towards infrastructure rehabilitation. Furthermore, increasing awareness towards trenchless (no-dig) technologies in many nations, especially

All 5 Releases


More Releases for Inflator

Global Automotive Pyrotechnic Inflator Industry Market Analysis & Forecast 2018- …
Global Automotive Pyrotechnic Inflator Industry Market is foreseen to develop to USD 400 million over the gauge time frame. Expanding administrative necessities with respect to vehicle wellbeing and rising mindfulness about client security, comprehensively, are Global Automotive Pyrotechnic Inflator Industry Market. Moreover, the expansion in the entrance of side-effect and window ornament airbags, and vehicle generation, the presentation of more sacks per vehicle, are the central point that drives the
Automotive Airbag Inflator Market SWOT analysis with Key Safety Systems, Takata …
HTF MI broadcasted a new title “United States Automotive Airbag Inflator Market Report 2018” with 95 pages and in-depth assessment including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players such as ARC Automotive. Inc, Key Safety Systems, Takata & ZF TRW. The research study provides forecasts for Automotive Airbag Inflator investments till 2022. Get Access to sample pages @ https://www.htfmarketreport.com/sample-report/998247-united-states-automotive-airbag-inflator-market-2 Product
Global Automotive Airbag Inflator- Emerging Market Trends and Regional Outlook 2 …
Qyresearchreports include new market research report Automotive Airbag Inflator to its huge collection of research reports. The global market for Automotive Airbag Inflator has been witnessing a continued alteration in the pattern of the demand for Automotive Airbag Inflator. This research report attempts to understand the frequent changes in the consumer behavior and their impact on the Automotive Airbag Inflator market across the world. The research report delivers an exhaustive analysis
United States Commercial Vehicle Airbag Inflator Market Key Trends, Challenges a …
Qyresearchreports include new market research report Commercial Vehicle Airbag Inflator to its huge collection of research reports. The report on the United States Commercial Vehicle Airbag Inflator market strives to offer evidence-based insights into key market dynamics, notable trends, imminent investment pockets, share and size of key segments, and the strategic landscape. The analysis includes the current business landscape, prevailing regulatory framework, and prominent opportunities in major countries. The study takes
Global New Energy Vehicle Portable Tire Inflator Market 2017 - TELEFLOW, PTG, PS …
The statistical surveying information incorporated into the New Energy Vehicle Portable Tire Inflator report is the aftereffect of significant essential and optional research exercises. The report fragments the global market for New Energy Vehicle Portable Tire Inflator based on makers, item compose, applications, and districts. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the global New Energy
Global Commercial Vehicle Portable Tire Inflator Market 2017 - TELEFLOW, PTG, PS …
The statistical surveying information incorporated into the Commercial Vehicle Portable Tire Inflator report is the aftereffect of significant essential and optional research exercises. The report fragments the global market for Commercial Vehicle Portable Tire Inflator based on makers, item compose, applications, and districts. In this report, each fragment is contemplated completely and measurements are introduced in detail. The report offers an exact outline of the global Commercial Vehicle Portable Tire