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Airbag Inflators Market Share Driven by Automotive Safety and OEM Adoption | Valuates Reports
Airbag Inflators Market SizeThe global market for Airbag Inflators was valued at US$ 284 million in the year 2024 and is projected to reach a revised size of US$ 448 million by 2031, growing at a CAGR of 6.8% during the forecast period.
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The Airbag Inflators Market is experiencing steady market growth as automotive manufacturers and aftermarket providers prioritize passenger safety and regulatory compliance. Market trends indicate increasing adoption of advanced airbag systems in both new vehicles and replacement markets, driven by stricter safety regulations, rising consumer awareness, and the growing demand for vehicle occupant protection. These factors are contributing to the overall market size and shaping the long-term market forecast.
By type, the Pyrotechnic Inflators segment holds the largest market share, favored for its reliable deployment speed and widespread use in passenger vehicles. The Stored Gas Inflators segment is witnessing strong growth due to its reusable design and suitability for advanced airbag systems. The Hybrid Inflators segment is also emerging as a fast-growing option, combining the benefits of pyrotechnic and stored gas technologies to meet evolving safety requirements.
By application, the OEM segment dominates the market share, driven by rising production of new vehicles equipped with advanced airbag systems. The Aftermarket segment is projected to witness the fastest market growth, supported by increasing vehicle maintenance, retrofitting, and replacement demand in developed and emerging automotive markets.
Looking ahead, the Airbag Inflators Market is expected to maintain sustained market growth, fueled by technological advancements, enhanced safety standards, and the global push for automotive occupant protection. As vehicle safety systems continue to evolve, the market forecast suggests broader adoption of advanced inflator technologies across both OEM and aftermarket applications.
by Type
• Pyrotechnic Inflators
• Stored Gas Inflators
• Hybrid Inflators
by Application
• OEM
• Aftermarket
By Company
Autoliv (Sweden), Daicel (Japan), ZF-TRW (Germany), Joyson Safety Systems
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