Automatic Airbag Inflators Market Analysis: Growth Drivers and Competitive Landscape Forecast to 2024-2031 | Takata, Autoliv, ZF Friedrichshafen AG, Joyson Safety Systems

Automatic Airbag Inflators Market Research Report By DataM Intelligence: A comprehensive analysis of current and emerging trends provides clarity on the dynamics of the Automatic Airbag Inflators market. The report employs Porter's Five Forces model to assess key factors such as the influence of suppliers and customers, risks posed by different entities, competitive intensity, and the potential of emerging entrepreneurs, offering valuable insights. Additionally, the report presents research data from various companies, including their benefits, gross margins, and strategic decisions in the global market, all conveyed through tables, charts, and infographics.

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What is the projected growth rate (CAGR) of the Global Automatic Airbag Inflators market from 2024 to 2031, and what is the market value expected to change by 2031?

Global Automatic Airbag Inflators Market reached US$ 14.2 billion in 2023 and is expected to reach US$ 18.7 billion by 2031, growing with a CAGR of 3.5% during the forecast period 2024-2031.

What is Automatic Airbag Inflators Market?

Automatic airbag inflators are devices within airbag systems that rapidly generate gas to inflate the airbag upon detecting a collision or sudden deceleration. These inflators use either pyrotechnic, stored gas, or hybrid systems to release the gas needed to fill the airbag almost instantaneously. When a crash sensor triggers the inflator, the generated gas expands into the airbag cushion, creating a protective barrier that helps reduce injury risk to the vehicle occupants by absorbing impact force. Automatic airbag inflators are critical for the timely deployment and effectiveness of automotive airbag safety systems.

Growth Driver

The growth of the automotive sector in emerging economies is driving demand for vehicles and safety components like airbag inflators. Increased urbanization and rising disposable incomes are contributing to higher car ownership rates. For instance, Mahindra's XUV 700, launched in 2021, features seven airbags, with over 70% of bookings for the top-spec trim, resulting in over 50,000 orders and 78,000 units scheduled for delivery.

Key Players:

Profiles of some of the major players in the global Automatic Airbag Inflators market, which include Takata, Autoliv, ZF Friedrichshafen AG, Joyson Safety Systems, Toyoda Gosei Co., Ashmore Industry Co., ARC Automotive, Daicel Corporation, TRW Automotive, Key Safety Systems

Industry Development:

In July 2021, Toyoda Gosei Co., Ltd. developed a driver-side airbag with an improved structure for enhanced protection, reducing impact to the driver's head and chest during frontal collisions.

In April 2021, Toyoda Gosei (Zhangjiagang) Co., Ltd., a Chinese subsidiary, began production of millimeter-wave compatible emblems and airbag inflators to meet rising demand in China. These emblems allow millimeter-wave radar to detect surroundings, supporting advanced vehicle safety systems.

The purpose of the report is to offer a comprehensive analysis of the market, along with insightful conclusions, statistical data, historical information, market data that has been confirmed by the industry, and predictions based on a sound methodology. By identifying and examining market segments and forecasting global market size, the study also contributes to understanding the dynamics and structure of the global Automatic Airbag Inflators market.

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Market Segments:

The report covers the segmentation of the market into different segments based on various classifications such as applications, end users, product types, and others. The segmentation is divided into two sections, one for development and the other for different roles, needs, and behaviors.

By Type: Driver Airbag, Passenger Airbag, Curtain Airbag, Knee Airbag, Pedestrian Airbag, Side Airbag, Others

By Inflator: Pyrotechnic, Stored Gas, Hybrid

By End-User: Compact Car, Mid-Size Car, MPV, SUV, Others

Regional Break out:

☞ North America - US, Canada, Mexico

☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe

☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific

☞ South America- Brazil, Argentina, Rest of South America

☞ Middle East and Africa

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