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Automotive Airbag Inflator Market Size, Share, Analysis 2031
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Automotive Airbag Inflator Market Size, Share, Analysis 2031

Segments - Automotive Airbag Inflator Market by Airbag Types (Passenger Airbag, Knee Airbag, Side Airbag, Driver Airbag, Curtain Airbag, and Pedestrian Protection Airbag), Inflator Types (Stored Gas, Pyrotechnic, and Hybrid), Vehicle Types (Commercial Vehicles and Passenger Cars), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

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Author : Akash Vedpathak
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Fact-checked by : V. Chandola
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Editor : Shruti Bhat

Upcoming | Report ID :AL-2098 | 4.6 Rating | 78 Reviews | 180 Pages | Format : PDF Excel PPT

Report Description


Automotive Airbag Inflator Market Outlook 2031

The Global Automotive Airbag Inflator market size was valued at USD 4.62 Billion in 2022 and is likely reach to USD 7.94 Billion by 2031, expanding at a CAGR of 6.2% during the forecast period, 2023–2031. The growth of the market is attributed to the rising demand for the convenient, efficient, and safer experience for driving, increasing disposable income of the consumers, and growing number of road accidents as well as strict policies by government.

Automotive Airbag Inflator Market Outlook

Automotive airbag inflators are the systems that give rise to gases that inflate airbags. Automotive airbag inflator plays a key role in car driver and passenger security. Application of severe government guidelines related to the acceptance of airbags in automobiles are estimated to fuel the market. It is designed in such a way to ensure the safety systems in the vehicles for the passengers as well as driver.

The airbags help to slower the forward motion of the passenger as faster as possible in a fraction of a second. The airbag is made of nylon fabric that is folded to the dashboard, steering wheel, door, and seat.

The sensor available in the device that tells the bag to inflate at the situation. Inflators are the most important components that is included in the airbags. Airbags cannot open instantaneously without inflators.

  • Increasing consumer awareness towards vehicle safety is expected to propel the market expansion in the coming years.
  • Rapid growth of the automotive industry is major factors fueling the market growth during the forecast period.
  • Production of counterfeit goods are estimated to impede the market expansion in the coming years.
  • Maintaining balance between quality and cost acts as main challenges that can hinder the market growth.
  • R&D investment and technological advancement in airbag inflator is anticipated to create significant opportunities for the market players.

Scope of Automotive Airbag Inflator Market Report

The report on the global automotive airbag inflator market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive Airbag Inflator Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2021–2031

Segmentation

Airbag Types (Passenger Airbag, Knee Airbag, Side Airbag, Driver Airbag, Curtain Airbag, and Pedestrian Protection Airbag), Inflator Types (Stored Gas, Pyrotechnic, and Hybrid), Vehicle Types (Commercial Vehicles and Passenger Cars)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Daicel Corp.; Takata Corp.; Toyoda Gosei Co., Ltd.; TRW Automotive; ARC Automotive, Inc.; Jinzhou Jinheng Automotive Safety System Co., Ltd.; Autoliv Inc.; Key Safety Systems; Aptiv Plc.; Joyson Safety Systems; Ashimori Industry Co., Ltd.; and ZF Friedrichshafen AG

Automotive Airbag Inflator Market Segment Insights:

Side airbag segment is projected to account for a large market share

Based on airbag types, the global automotive airbag inflator market is divided into passenger airbag, knee airbag, side airbag, driver airbag, curtain airbag, and pedestrian protection airbag. The side airbag segment is expected to constitute a key share of the market during the forecast period owing to as it offers protection for the body such as chest, torso, and head.

It reduces the injuries happens during accidents as it works well with front airbags. However, the knee airbag segment is anticipated to expand at a rapid pace during the forecast period due to acts as replacing element for the bolster seat and protects the legs of the front passenger.

Automotive Airbag Inflator Market Airbag Types

Pyrotechnic segment is projected to hold a key market share

On the basis of inflator types, the market is segmented into stored gas, pyrotechnic, and hybrid. The pyrotechnic segment is expected to represent a key share of the market in the coming years due to high usage in front airbags and its wide application in different types of vehicles.

On the other hand, the hybrid segment is anticipated to expand at a rapid pace during the forecast period owing to high bag fill capability, decreases airborne & gaseous particulates, and lowers the exhausted gas temperature.

Passenger cars segment is projected to constitute a major market share

In terms of vehicle types, the global automotive airbag inflator market is segregated into commercial vehicles and passenger cars. The passenger cars segment is expected to account for a key share of the market during the forecast period owing to rising disposable income of the consumer and increasing awareness for using airbags for the safety of the passengers.

However, the commercial vehicles segment is anticipated to expand at a rapid pace during the forecast period due to strict rules & regulations by government around the world.

Automotive Airbag Inflator Market Vehicle Types

Automotive Airbag Inflator Market Regional Outlook

North America is anticipated to dominate the market

On the basis of regions, the global automotive airbag inflator market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of North America is anticipated to expand at an impressive CAGR during the forecast period.

The regional market growth can be attributed to stringent road safety and various regulations followed by the government. On the other hand, the market of Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to reduce the road accidents taking place in the region.

Automotive Airbag Inflator Market Region

Segments

Airbag Types

  • Passenger Airbag
  • Knee Airbag
  • Side Airbag
  • Driver Airbag
  • Curtain Airbag
  • Pedestrian Protection Airbag

Inflator Types

  • Stored Gas
  • Pyrotechnic
  • Hybrid

Vehicle Types

  • Commercial Vehicles
  • Passenger Cars

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Daicel Corp.
  • Takata Corp.
  • Toyoda Gosei Co., Ltd.
  • TRW Automotive
  • ARC Automotive, Inc.
  • Jinzhou Jinheng Automotive Safety System Co., Ltd.
  • Autoliv Inc.
  • Key Safety Systems
  • Aptiv Plc.
  • Joyson Safety Systems
  • Ashimori Industry Co., Ltd.
  • ZF Friedrichshafen AG

Competitive Landscape

Key players competing in the global automotive airbag inflator market include Daicel Corp.; Takata Corp.; Toyoda Gosei Co., Ltd.; TRW Automotive; ARC Automotive, Inc.; Jinzhou Jinheng Automotive Safety System Co., Ltd.; Autoliv Inc.; Key Safety Systems; Aptiv Plc.; Joyson Safety Systems; Ashimori Industry Co., Ltd.; and ZF Friedrichshafen AG.

Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares

Automotive Airbag Inflator Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Airbag Inflator Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Airbag Inflator Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Airbag Inflator Market - Supply Chain
  4.5. Global Automotive Airbag Inflator Market Forecast
     4.5.1. Automotive Airbag Inflator Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Airbag Inflator Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive Airbag Inflator Market Absolute $ Opportunity
5. Global Automotive Airbag Inflator Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Automotive Airbag Inflator Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Automotive Airbag Inflator Demand Share Forecast, 2019-2026
6. North America Automotive Airbag Inflator Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Automotive Airbag Inflator Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Automotive Airbag Inflator Demand Share Forecast, 2019-2026
7. Latin America Automotive Airbag Inflator Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Automotive Airbag Inflator Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Automotive Airbag Inflator Demand Share Forecast, 2019-2026
8. Europe Automotive Airbag Inflator Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Automotive Airbag Inflator Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Automotive Airbag Inflator Demand Share Forecast, 2019-2026
9. Asia Pacific Automotive Airbag Inflator Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Automotive Airbag Inflator Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Automotive Airbag Inflator Demand Share Forecast, 2019-2026
10. Middle East & Africa Automotive Airbag Inflator Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Automotive Airbag Inflator Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Automotive Airbag Inflator Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Automotive Airbag Inflator Market: Market Share Analysis
  11.2. Automotive Airbag Inflator Distributors and Customers
  11.3. Automotive Airbag Inflator Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Daicel Corp. Takata Corp. Toyoda Gosei Co., Ltd. TRW Automotive ARC Automotive, Inc. Jinzhou Jinheng Automotive Safety System Co., Ltd. &

Methodology

Our Clients

General Electric
Dassault Aviation
Nestle SA
Pfizer
FedEx Logistics
The John Holland Group
General Mills
sinopec