Automotive Airbag Inflators Market Analysis From 2018 To 2023: Global Industry Size, Share, Competitive Landscape, and Regional Study

Automotive Airbag Inflators Market Analysis 2018 To 2023 report expands Global Automotive Airbag Inflators Market Size, Share, upcoming Trends, Growth and Key Players outlook By Inflator Type (Pyrotechnic, Stored Gas, and Hybrid), By Airbag Type (Driver Airbag, Front Passenger Airbag, Passenger Airbag, Curtain Airbag and Others), By Vehicle Type (Passenger Vehicles and Commercial Vehicles and by End Market (OEMs and Aftermarket) and By Region. Automotive Airbag Inflators Market Companies Analyzed in report are: Autoliv Inc (Sweden), Delphi Automotive (UK), Daicel Corporation (Japan), Takata Corporation (Japan), Ningbo Joyson Electronic (China), Toyoda Gosei (Japan), ARC Automotive (US), Key Safety System (US), HUAYU Automotive Systems (China), TRW Automotive (US).

Global Automotive Airbag Inflators Market Highlights:

The automotive industry has undergone various technological advancements in both, passenger and commercial vehicles, over the past couple of years. The global market has acknowledged these advancements by adopting these vehicles. The automotive airbag is one of the recent technologies developed by the automotive companies that have gained much attention. As a result, with the increasing vehicle production and growing public awareness, the demand for airbag inflators have also increased. Airbag inflators are part of the airbag inflator system, which generates gas into airbag at the time of collision. Automotive airbag inflators have been developed as an active safety system, meant for passenger safety, especially in the event of a collision. Automotive airbag inflators have played a crucial role in passenger safety.

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There has been rise in the adoption of automotive airbag embedded vehicles, which positively impacts the market for automotive airbag inflators. The rising safety concerns due to the rise in number of accidents, and government initiatives, also favour the market. However, the high cost of automotive airbags embedded vehicles, and low disposable incomes in underdeveloped economies, may hinder the market growth. The major trend for this market is growing sales of luxury vehicles. The global automotive airbag inflators market is expected to grow at ~5.1% CAGR, during the forecast period.

On the basis of inflator type, the market has been segmented as pyrotechnic, stored gas, and hybrid. Among these types, pyrotechnic inflator is expected to dominate the market followed by stored gas, and hybrid. On the basis of airbag type, the market has been segmented as driver airbag, front passenger airbag, passenger airbag, curtain airbag and others, of which the driver airbag is expected to lead the market, followed by front passenger airbag. On the basis of vehicle type, the market has been segmented as passenger vehicles and commercial vehicles. However, the increasing sales of passenger cars, is expected to dominate the passenger car segment during the forecast period. On the basis of end market, the market has been segmented as OEMs and Aftermarket, with OEMs gaining dominance in the market.

Geographic Analysis:

Region wise, the global automotive airbag inflators market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. Asia Pacific countries such as China, South Korea, Japan and India, are the major manufacturers of airbag inflators. In Europe and North America, policies regarding road safety, have become the major growth driver. Europe, has been witnessing a rise in the sales of luxury vehicles, which has augmented the demand for automotive airbag inflators, here. Also, Germany, U.K. and France being the leading countries in Europe, have fuelled the growth of the market in the region. Asia Pacific has been the fastest growing economy in the global market.

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