Global Automotive Airbag Inflators Market Trends, Applications, Analysis, Growth, and Forecast: 2019 to 2028

“Global Automotive Airbag Inflators Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global automotive airbag inflators market report has been segmented on the basis of inflator type, airbag type, vehicle type, and region.

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Global Automotive Airbag Inflators Market: Overview

An airbag is one of the vehicle safety devices which is fitted between front seats, and the inflator is an essential part that generates a specific volume of gas to which inflates the airbag. Automotive airbag inflators are designed to provide safety passenger and driver.

Global Automotive Airbag Inflators Market: Market Dynamics

The global airbag inflators market is projected to expand due to factors such as technology advancements such as the introduction of flexible vent technology, rules & regulations, and increasing consumer demand. In addition, the rising number of accidents and increasing demand for better quality products are projected to drive growth of the global automotive airbag inflators market. Moreover, stringent government rules and regulations to adopt airbags in the vehicle are expected to boost market growth over the forecast period. New safety instructions and mandates issued in countries in Europe, Japan, and the US are estimated to fuel growth of the target market. In 2018, The National Highway Traffic Safety Administration (NHTSA) which is part of the Department of Transportation has introduced rules & regulation to adopt side airbags.

A recent trend observed in the target market is manufacturers installed airbags in the medium range and luxury vehicles. Moreover, systems integrator and manufacturers are focusing to invest heavily in research & development activities to produce advanced and affordable airbag inflators to meet the demand for automotive airbag inflators.

Whereas, a product recall may hamper growth of the target market.

Global Automotive Airbag Inflators Market: Segment Analysis

Among the inflator type segments, the pyrotechnic inflator segment is estimated to register a significant growth rate in the market over the forecast period.

Among the airbag type, the front airbag segment is expected to hold a significant share in the market over the forecast period.

Among the vehicle type, the passenger vehicle segment is anticipated to grow at a faster pace.

Global Automotive Airbag Inflators Market: Region Analysis

The airbag inflators market in Europe is estimated to expand significantly during the forecast period due to the implementation of the minimum occupant safety standards in passenger cars. Moreover, increasing focus and awareness regarding safety is expected to drive the automotive airbag inflators market.

Asia Pacific airbag inflator market accounts for a significant share in the global market. This is attributed to growth in sales of passenger cars and trucks, government initiatives, increasing safety concerns, along with the increasing number of accidents are some factors projected to fuel growth of the target market. Further, Japan, India, and South Korea have experienced a significant rise, owing to the shifting preference toward premium cars, rapid urbanization, industrialization, economic growth, along with rising spending capacity. With China’s New Car Assessment Program (CNAP) initiatives, the government has instructed to use seat belts and frontal airbags, which is anticipated to increase the demand for airbag inflators.

The automotive airbag inflators market in North America, Middle East & Africa, and Latin America are projected to expand noticeably over the forecast period.

Global Automotive Airbag Inflators Market: Overview

Segmentation by Inflator Type:

• Pyrotechnic
• Stored Gas
• Hybrid

Segmentation by Airbag Type:

• Front Airbag
• Side Airbag
• Knee Airbag
• Curtain Airbag

Segmentation by Vehicle Type:

• Passenger Vehicle
• Commercial Vehicle

Segmentation by Region

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