According to the latest report by IMARC Group “Automotive Airbag Inflator Market: Industry Trends, Global Share, Size, Growth Rate, Opportunity and Forecast 2023-2028“. The global automotive airbag inflator market share reached US$ 4.65 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.03 Billion by 2028, exhibiting a growth rate (CAGR) of 4.33% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
An automotive airbag inflator is a component of the supplemental restraint system (SRS) of a vehicle that is responsible for rapidly inflating the airbag in the event of a collision. It is located within the airbag module and consists of a metal canister, propellant, and ignition system. The signal from the vehicle crash sensors triggers the inflator, causing it to rapidly deploy and provide a cushioning effect to protect the occupants from injury. At present, automotive airbag inflator is available in different types, including pyrotechnic, which use a small explosive charge, and compressed gas, and employ stored compressed gas to inflate the airbag.
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Automotive Airbag Inflator Market Trends:
The growing concerns about the safety of vehicles are catalyzing the demand for improved airbag inflators that can prevent injuries and fatalities during the collision. In line with this, shifting consumer preferences towards vehicles with advanced safety features, including airbags represent one of the primary factors positively influencing the market across the globe. Additionally, governments of various countries are implementing strict safety regulations for vehicles, which is offering lucrative growth opportunities for key market players. Furthermore, increasing investments in research and development (RD) activities to provide low-cost and high-quality airbag inflators are stimulating the growth of the market worldwide.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Driver Airbag
- Passenger Airbag
- Curtain Airbag
- Knee Airbag
- Pedestrian Protection Airbag
- Side Airbag
Operation Insights:
- Pyrotechnic
- Stored Gas
- Hybrid
Vehicle Type Insights:
- Passenger Car
- Commercial Vehicle
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape:
- ARC Automotive Inc.
- Autoliv Inc.
- Daicel Corporation
- Joyson Safety Systems
- Nippon Kayaku Co. Ltd.
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