Automotive Airbag Inflator Market Worldwide & Regional Industry Size, Trends, Analysis, Statistics & Forecast to 2030
Market Highlights
The Global
Automotive Airbag Inflators Market is evolving and is expected to
witness significant growth over the forecast period. The global market has
witnessed rise in concern about vehicle safety among vehicle users with the
increasing number of a car crashes and collision incidents. As a result, the
demand for automotive airbag embedded vehicles have increased, which is
expected to drive the market for automotive airbag inflators.
The Automotive Airbag Inflators Market is predicted to
grow at CAGR 4% by 2023
Key Players
The prominent players in the automotive airbag inflators
market include 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) and others.
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The global automotive airbag inflators market has largely
been influenced by the growth in sales of passenger cars and trucks, and
government initiatives on vehicle safety. Owing to this vehicle safety
technology, there has been a rise in the adoption of automotive airbag
inflators among the population. Additionally, the increasing safety concerns,
government initiatives, and rising number of accidents, have augmented the
market for automotive airbag inflators. The higher cost of automotive airbags
vehicles, and low spending capacity in underdeveloped economies, are considered
the restraints. The major trend in this market is growing sales of luxury
vehicles.
Market Research 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.
Scope of the Report
This study provides an overview of the global automotive
airbag inflators market, tracking three market segments across four geographic
regions. The report studies key players, providing a six-year annual trend
analysis that highlights market size, volume and share for North America,
Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also
provides a forecast, focusing on the market opportunities for the next five
years for each region. The scope of the study segments the global automotive
airbag inflators market by inflator type, airbag type, vehicle type, end market
and by regions.
By Inflator Type
- Pyrotechnic
- Stored
Gas
- Hybrid
By Airbag Type
- Driver
Airbag
- Front
Passenger Airbag
- Passenger
Airbag
- Curtain
Airbag
- Others
By Vehicle Type
- Passenger
Vehicles
- Commercial
Vehicles
By End Market
- OEMs
- Aftermarket
By Regions
- North
America
- Asia
Pacific
- Europe
- Rest
of the World
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