Automotive Airbag Inflator Market is anticipated to grow at high CAGR to reach market value of USD 400 million over the forecast period| Dominant Vendors - AUTOLIV, TAKATA, ZF TRW, HUAYU AUTOMOTIVE SYSTEMS, amongst others

Market Analysis:

Asia-Pacific to show fastest growth
Europe is the largest market for airbag inflators due to various government initiatives toward passenger safety. 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.

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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. 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. 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.

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Market Segments:
Automotive Airbag Inflator Market is segmented by:
1. Airbag Type: Driver Airbag, Passenger Airbag, Curtain Airbag, Knee Airbag, Pedestrian Protection Airbag, Side Airbag
2. Inflator Type: Pyrotechnic, Stored Gas, Hybrid
3. Vehicle Type: Passenger Car, Commercial Vehicle
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

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.

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