Automotive Airbag Inflators Market Overview:
The global automotive airbag inflators market report by Market
Research Future (MRFR) provides a comprehensive view of the industry replete
with drivers, challenges, trends, and opportunities for the period of 2022 to
2030 (forecast period). The COVID-19 pandemic and its implications on the
industry are noted in the report.
The automotive airbag inflators market plays a
critical role in vehicular safety, serving as a fundamental component of airbag
systems designed to protect occupants during collisions. These inflators are
engineered to rapidly release gas, inflating the airbag and cushioning the
impact for passengers. The market has undergone significant developments with
advancements in safety technology, witnessing a transition from traditional
pyrotechnic inflators to more advanced variants, including hybrid and stored
gas inflators. As automotive safety regulations become more stringent globally,
manufacturers are investing in research and development to create airbag
inflators that provide optimal protection while minimizing the risk of injury.
Geographically, the automotive airbag inflators
market is influenced by factors such as regional safety standards, automotive
production trends, and consumer awareness of safety features. The continuous
evolution of inflator technologies, incorporating materials such as advanced
propellants and innovative designs, is reshaping the market landscape.
Additionally, the rise of electric and autonomous vehicles is driving further
innovation in airbag systems to accommodate new vehicle architectures and
safety requirements. As vehicle safety remains a top priority for both
consumers and regulatory bodies, the automotive airbag inflators market is
expected to witness ongoing advancements to enhance occupant protection in
diverse driving scenarios.
Airbag inflators are devices used to restrain the
occupancy of a passenger or driver from their seat by designing a bag to
inflate rapidly and deflate during a collision. These devices are integrated
into numerous vehicles in light of various safety protocols doled out by
transportation department amid rising collision and accident cases.
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Automotive Airbag Inflators Market
Competitive Landscape
Takata Corporation, Jinzhou Jinheng Automotive
Safety System Co., Ltd., ARC Automotive, Inc., Daicel Corporation, and Autoliv
Inc. are key players of the global automotive airbag inflators market.
Automotive Airbag Inflators Market Scope
The overall global automotive airbag inflator
market is expected to grow with the CAGR of 4% over the forecast period. Design
and development of different types of airbags for protecting passengers and the
driver can drive the market demand. This is evident from the huge sales of
passenger and commercial vehicles in North America and Europe. Awareness of
traffic and vehicle safety and product differentiation among automotive
manufacturers can bode well for the market.
But concerns of rigged safety tests of these
devices can hamper the market growth.
Automotive Airbag Inflators Market
Segmentation
On the basis of inflator type, the pyrotechnic
inflator is expected to capture a major market share till the end of the
forecast period. This type of inflator involves using a self-sustained material
capable of producing sufficient thrust of gas. This gas helps in inflating the
airbag. Owing to the low-cost of manufacture and high production rates, this
inflator type is preferred. Other inflator types are stored gas, hot gas
inflator, cold gas inflator, and hybrid.
On the basis of the airbag position, the most
commonly used is the frontal type. This airbag position ensures maximum
oncoming impact absorption while requiring the least time for integrating in
the dashboard mechanism. Other positions include side, knee, curtain, and
external. The external airbag position is gaining traction in the market owing
to interest in safety technologies growing among auto makers. This is
exemplified by ZF Friedrichshafen, a German supplier, which has developed
Prosip, which deploys on recognizing the vehicle being about to be hit on the
side of the vehicle.
By vehicle type, it is segmented into passenger
vehicle, heavy commercial vehicle, and light commercial vehicle.
Automotive Airbag Inflators market Regional
Analysis
On the basis of region, the market is segmented
into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW).
In the North America market (U.S. and Canada in particular), the trend of big
vehicles has been consistent for a long time and will require airbags owing to
continuous travel over long stretches of time. The preference of large personal
vehicles by consumers over sparsely distributed public transport system can
drive regional demand. With more high-performance cars plying on the roads, the
probability of traffic-related mishaps is quite high. Hence, this region is
always a potentially strong market for this system.
In the APAC market, the sheer combined population
of emerging economies – India and China, is about ‘one third’ of the total
world population. Additionally, both these countries have an ever growing
middle class in need of a personal vehicle. The need for enhanced safety
features like airbags and rules rolled out for electric vehicles are likely to
see its increasing demand. Joint ventures between well-known auto manufacturers
and local car makers are likely to culminate in the production of airbags.
Europe is projected to garner huge demand for the
market owing to being home to various prominent auto makers. Such high-end cars
definitely require increased driver safety features such as airbags.
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