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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Automotive Airbag Inflator Market Outlook
The global automotive airbag inflator market is estimated to grow at a CAGR of 4.80% in the forecast period of 2024-2032.
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Robust Growth of the Hybrid Segment to Propel the Market Growth of Automotive Airbag Inflator
Based on the inflator type, the hybrid segment is driving the market growth of automotive airbag inflators owing to its numerous advantages over conventional pyrotechnic airbag inflators. The superior characteristics of hybrid airbag inflators include higher performance tailoring capacity, lower exhaust gas temperature, reduced airborne particulates or gaseous effluents, reliable airbag deployment over temperature variation, higher thermodynamic efficiency, and the higher bag fill capacity is invigorating the market expansion of automotive airbag inflator. In addition, the rising inclination of customers toward hybrid airbag inflators as it uses environmentally friendly compressed gas to offer optimal passenger protection is catalysing the market development.
Moreover, the disadvantages of using pyrotechnic inflators, such as containing hazardous chemicals like sodium azide, and difficulty in handling, are contributing to the growing demand for hybrid airbag inflators. Further, the efforts taken by market players in introducing superior quality hybrid airbag inflators as a feature in automobiles are expected to aid the market for automotive airbag inflators in the forecast period.
Market Segmentation
The automotive airbag is a safety system designed to protect passengers from severe injuries in case of accidents. The inflator is a crucial component of the airbag system that enable the airbags to open instantaneously. It works by either the combustion of chemical propellants or by compressed gas methods.
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The market for automotive airbag inflator, by airbag type, is divided into:
- Drive Airbag
- Passenger Airbag
- Curtain Airbag
- Knee Airbag
- Pedestrian Protection Airbag
- Side Airbag
Based on inflator type, the market is segmented into:
- Pyrotechnic
- Stored Gas
- Hybrid
On the basis of vehicle type, the market is bifurcated into:
- Passenger Vehicles
- Commercial Vehicles
The regional markets for automotive airbag inflator can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Accidents and Growing Safety Concerns to Drive the Market Growth of Automotive Airbag Inflator
The market for automotive airbag inflators is driven by the increasing cases of accidents owing to unsafe use of vehicles and growing safety concerns, which, in turn, has resulted in the surging demand for safety systems such as airbags. In addition, the use of airbag inflators in conjunction with seatbelts helps reduce the accident's impact on occupants and lowers fatality risks due to its automatic deployment at the time of the accident, contributing to the steady demand for automotive airbag inflator in vehicles, thereby contributing to the market growth. Also, the expanding production and sales of safe automobiles due to rising purchasing power and the installation of various types of airbags is accelerating the market expansion of automotive airbag inflators.
Moreover, the stringent government regulations that require automobile manufacturers to ensure the fitting of airbags in all vehicles to reduce fatalities are playing a critical role in the market development of automotive airbag inflators. For instance, the Government of India made dual airbags mandatory from April 1, 2021 for all new passenger cars in order to make the vehicles safer. Further, the developments in airbag technologies are anticipated to augment the market for automotive airbag inflators in the forecast period.
Key Players in the Global Automotive Airbag Inflator Market
The report gives a detailed analysis of the following key players in the global automotive airbag inflator market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Autoliv Inc.
- ARC Automotive, Inc.
- Joyson Safety Systems Aschaffenburg GmbH
- Toyoda Gosei (Zhangjiagang) Co., Ltd.
- Daicel Corporation
- Nippon Kayaku Seizo Co., Ltd.
- Takata Corporation
- Robert Bosch GmbH
- ZF Friedrichshafen AG
- Tenaris
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Airbag Type |
|
| Breakup by Inflator Type |
|
| Breakup by Vehicle Type |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global automotive airbag inflator market is assessed to grow at a CAGR of 4.80% between 2024 and 2032.
The major industry drivers include the increasing production and sales of vehicles, efficiency of airbag inflators in reducing fatality risks, demand for environmentally friendly airbag inflators, setting up of various types of airbags, and development of advanced airbag technologies by market players.
The key industry trends guiding the growth of the market include the rising road accidents, growing safety concerns among customers, and stringent government regulations to ensure the production of safe vehicles.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant market divisions, based on airbag type, include drive airbag, passenger airbag, curtain airbag, knee airbag, pedestrian protection airbag, and side airbag.
The various inflator types of automotive airbag inflator, include pyrotechnic, stored gas, and hybrid.
The different market divisions, based on vehicle type, include passenger vehicles and commercial vehicles.
The major players in the industry are the Autoliv Inc., ARC Automotive, Inc., Joyson Safety Systems Aschaffenburg GmbH, Toyoda Gosei (Zhangjiagang) Co., Ltd., Daicel Corporation, Nippon Kayaku Seizo Co., Ltd., Takata Corporation, Robert Bosch GmbH, ZF Friedrichshafen AG, and Tenaris, among others.
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