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    Automotive Airbag Inflators Market - Size, Share, Trend, and Forecast (2018-2023)

    Automotive Airbag Inflators Market - Size, Share, Trend, and Forecast (2018-2023)
    Report code - SRTI104 Published On : Apr,2018 No. of Pages: 259
    Automotive Airbag Inflators Market Size, Share, Trend, Forecast & Competitiv See more...
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    Automotive Airbag Inflators Market Insights

    Automotive airbag inflators market is projected to reach US$ 5.2 billion in 2023.

    The airbag inflator market is driven by a host of drivers, some of which are noted below.

    • Expected growth in automotive production, especially in Asia-Pacific and rest of the world
    • Increasing awareness about the vehicle safety across the globe
    • Introduction of more bags per car
    • Introduction of more stringent passenger safety standards 

    Apart from the above drivers, the faulty airbag inflators of Takata Corporation are further flaring up the demand for inflators in the replacement market.

    Automotive Airbag Inflator Market Forecast

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    Airbag inflator is that part of an automobile’s airbag inflator system which generates gas to inflate the airbags. An airbag is the most important safety device in an automobile. There are different types of airbags installed in an automobile, such as driver bags, passenger bags, side bags, curtain bags, knee bags, and roll-over bags. An inflator inflates the bag with gas in about 0.02 seconds, less than a blink of an eye.

    The functions of an airbag inflator are:

    • Provide an adequate storage for inflation material
    • Respond to the signal provided by sensors by injecting gas into the airbag in case of a collision or a crash.

    During the collision, a signal is sent to the inflator unit within the air bag control unit. The igniter starts a rapid chemical reaction generating primarily nitrogen gas to inflate the air bag.

    Automotive Airbag Inflators Market Share Analysis

    The next five years for the airbag inflators market are going to be vigorous with a plethora of opportunities for both existing as well as new players. The airbag market has been growing at a higher pace than that of the automotive industry due to increasing awareness towards passenger safety. 

    Automotive Airbag Inflator Market Forecast

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    Airbag Inflators Market Share by Vehicle Type

    The airbag inflator market is segmented based on the vehicle type as Small Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others. Compact cars, SUVs, MPVs, and LCVs are expected to offer robust growth opportunities for airbag inflators in the coming years. Increasing demand for compact cars (hatchbacks) and SUVs in the major Asian countries, such as China and India, and highly congested cities of the developed economies are the major drivers of the demand for inflators in these vehicle types. The introduction of more stringent passenger safety standards further elevates the demand for airbags and their inflators in these vehicle types.  

    Airbag Inflators Market Share by Inflator Type

    Based on the type of inflators, the airbag inflator market is segmented as Pyrotechnic Inflators, Stored Gas Inflators, and Hybrid Inflators. Pyrotechnic inflator is projected to remain the most dominant inflator type in the market during the forecast period, driven by its higher usage in frontal airbags. Hybrid inflators and stored gas inflators are likely to witness higher growth rates during the same period. Hybrid inflators offer numerous advantages over pyrotechnic inflators, such as a greater performance tailoring, lower exhaust gas temperature, reduced gaseous and airborne particulates, and greater bag fill capability.

    Airbag Inflators Market Share by Region

    In terms of region, Asia-Pacific is likely to surpass Europe to become the largest market for airbag inflators during the forecast period. China, Japan, and South Korea are likely to remain the major markets for airbag inflators in the region, whereas India is likely to be the new growth engine of the growing region’s demand for airbag inflators. China is the world’s largest light vehicle manufacturer. With its CNAP (China’s New Car Assessment Program) initiatives, the Chinese government has mandated the usage of seatbelts and frontal airbags. The number of airbags in vehicles in China is expected to reach the same level as in Europe and the USA. This has been possible due to a lot of promotional initiatives taken by the government, such as advertisements and highway hoardings.

    Europe and North America are also likely to generate favorable growth opportunities in the coming years. The overall penetration of airbags is comparatively very high in North America and Europe as compared to that of Asia-Pacific, owing to the stringent passenger safety standards.

    Key Players

    The supply chain of this market comprises raw material manufacturers, inflator manufacturers, distributors, airbag manufacturers, and OEMs. 

    Some of the airbag manufacturers are Autoliv Inc., ZF TRW Automotive Holdings Corp., and Jinzhou Jinheng Automotive Safety System Co., Ltd. The major automotive OEMs are General Motors Company, BMW, Toyota Motor Corporation, and Ford Motor Company. Most of the airbag manufacturers manufacture inflators as well. The key airbag inflator suppliers in the automotive industry are Autoliv Inc., ZF TRW Automotive Holdings Corp., Daicel Corporation, Key Safety Systems, Inc., and Toyoda Gosei Co., Ltd. 

    Both, organic as well as inorganic growth routes are strategically being evaluated by the major players for a larger pie in the market. On one side, some of the major players are incessantly expanding their existing capacities of airbag inflators in order to meet the growing demand from both OE as well as replacement market, whereas on the other side, few major players are performing M&A activities to quickly gain the leading position in the market.

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

    Market Scope & Segmentation

     Research Scope

     Trend & Forecast Period

     2012-2023

     Size in 2023

     US$ 5.2 billion

     Regions Covered

     North America, Europe, Asia-Pacific, Rest of the   World

     Countries/Subregions Covered

     The USA, Canada, Mexico, Germany, Spain,   France, Italy, the UK, Russia, China, Japan, India,   South Korea, Brazil, Argentina and Others

     Figures & Tables

     >150

     Customization

     Up to 10% customization available free of cost

     

    The market is segmented in the following ways:

    Airbag Inflators Market Size, Share & Forecast by Vehicle Type:

    • Compact Car
    • Mid-Size Car
    • Large Car
    • MPV & LCV
    • SUV
    • Others

    Airbag Inflators Market Size, Share & Forecast by Airbag Type:

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

    Airbag Inflators Market Size, Share & Forecast by Inflator Type:

    • Pyrotechnic Inflators
    • Stored Gas Inflators
    • Hybrid Inflators

    Airbag Inflators Market Size, Share & Forecast by Region:

    • North America
      • Vehicle Type Analysis (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
      • Country Analysis (the USA, Canada, and Mexico)
    • Europe
      • Vehicle Type Analysis (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
      • Country Analysis (Germany, Spain, France, Italy, the UK, Russia, and Others)
    • Asia-Pacific
      • Vehicle Type Analysis (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
      • Country Analysis (China, Japan, India, South Korea, and Others)
    • Rest of the World
      • Vehicle Type Analysis (Compact Car, Mid-size Car, Large Car, MPV & LCV, SUV, and Others)
      • Country Analysis (Brazil, Argentina, and Others)

    Report Features

    This report studies the airbag inflators market over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.


    Frequently Asked Questions (FAQs)

    What is an airbag inflator?

    Airbag inflator is that part of an automobile's airbag inflator system which generates gas to inflate the airbags. An airbag is the most important safety device in an automobile.

    What will be the size of the Airbag Inflators Market in the foreseeable future?

    Driven by a number of factors like increasing awareness about vehicle safety and stringent passenger safety standards, the automotive airbag inflators market is projected to reach an estimated value of US$ 5.2 billion in 2023.

    Which region will be the largest Airbag Inflators Market?

    Asia-Pacific is likely to surpass Europe to become the largest airbag inflators market during the forecast period of 2018-23.

    Which type of airbag inflator is expected to remain dominant?

    Pyrotechnic inflator is projected to remain the most dominant inflator type in the market during the forecast period, driven by its higher usage in frontal airbags.

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