Global Automotive Airbag Inflators Market – Set to reach US$ 5.2 billion in 2023

Stratview Research experts have done an extensive study of data from different sources and have analyzed them to come up with the Automotive Airbag Inflators Market report. The report offers insight into the current market trend and the future estimations.
The report on Automotive Airbag Inflators Market published on April, 2018 by Stratview Research, will showcase the market trend of 2012-2017 and forecast period of 2018-2023.

Get a Free Sample of the Report here: https://www.stratviewresearch.com/Request-Sample/124/automotive-airbag-inflators-market.html

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 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.

Looking for a specific topic? Scan through the Table of Contents here: https://www.stratviewresearch.com/toc/124/automotive-airbag-inflators-market.html
OR

View detailed summary of the report here: https://www.stratviewresearch.com/124/automotive-airbag-inflators-market.html

The report on Automotive Airbag Inflator Market is explained segment-wise for a better understanding of the market trend.

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.

Salient Features of the Report
The Stratview Report will offer you a detailed view the growth of the global automotive airbag inflator market and the future prospects of the market. Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

What we offer?
The global market research company, Stratview Research has been dealing with different market research reports in different sectors such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas. The team consists of the best experts who are known to offer the best assessments and screenings so that the interested companies can afford to rely upon and take corrective decisions ahead.

For inquiries, Contact:
Ritesh Gandecha
Stratview Research
E-mail: sales@stratviewresearch.com
Direct: +1-313-307-4176

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

About Stratview Research
Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making.

This release was published on openPR.