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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