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Automotive Airbag Inflators Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Automotive airbag inflators are part of an automotive airbag inflator system, which generates gas to inflate airbags. Automotive airbag inflators play a major role in driver and passenger safety. Implementation of stringent government regulations regarding the adoption of airbags in automobiles are expected to drive the market in the near future. New safety directives issued in major markets worldwide, including the U.S., Western Europe, and Japan, are anticipated to boost the automotive airbag inflators market. The National Highway Traffic Safety Administration (NHTSA) introduced new regulations for adopting side airbags. These are likely be mandated for all vehicles by 2018. Currently, airbags are being installed in luxury and medium range (by price) cars. System integrators and automobile manufacturers are investing significantly in R&D for the manufacture of affordable and advanced airbag inflators to meet the increasing demand for airbags. Global car production has increased significantly of late. The airbag inflators market is estimated to expand significantly during the forecast period owing to the implementation of governmental regulations on the adoption of airbags in passenger cars in major countries. 

Airbag inflators are designed and integrated as part of the occupant safety system in vehicles. Due to high costs, OEMs prefer low-priced airbag inflators in medium- and low-end cars. Low-priced airbag inflators usually have less durability and lifespan of less than one year. The global airbag inflators market is expanding rapidly due to various factors such as technology integration, regulatory pressure, and consumer demand. There exist significant opportunities in the market; however, intense competition among manufacturers of airbag inflators is hampering the entry of new players. Furthermore, high capital investment is required to set up plants and compete with the existing players. Manufacturers of airbag inflators compete with each other in terms of technology, performance, and price. System integrators try to obtain edge over their competitors by winning OEM contracts. Companies invest significantly in research and development activities and strive to obtain more contracts. Established players have stronghold on the global market for airbag inflators due to their reliability, trustworthiness, and high quality standards. The degree of competition is high, as manufacturers offer similar products with limited differentiating attributes. Competitive rivalry in the market is projected to remain high during the forecast period, as major players continue to invest in R&D activities and launch advanced products with lower size and weight. 

The automotive airbag inflators market can be segmented in terms of type and application. The type segment can be classified into pyrotechnic inflators, hybrid inflators, and others. Based on application, the automotive airbag inflators market can be divided into passenger vehicles, heavy commercial vehicles, and light commercial vehicles. 

In terms of revenue, Asia Pacific holds the major share of the global automotive airbag inflators market. It is followed by North America, Europe, Latin America, and Middle East & Africa (MEA). Demand and production of passenger vehicles has been high in countries such as China and India in Asia Pacific. This, in turn, is driving the automotive airbag inflators market in the region. The automotive airbag inflators market in North America and Europe is saturated; however, it is expected to remain stable during the forecast period. The automotive airbag inflators market in Middle East & Africa and Latin America is anticipated to expand substantially during the forecast period, led by the expansion in the automotive sector and rise in demand for passenger and commercial vehicles in these regions. 

Key players operating in the automotive airbag inflators market include Autoliv Inc., TRW Automotive Holdings, Delphi Automotive PLC, Takata Corporation, Key Safety System, Daicel Corporation, ARC Automotive, Inc. and Toyodo Gosei. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
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The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
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