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 203 to 2030
(forecast period). The COVID-19 pandemic and its implications on the industry
are noted in the report.
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.
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.
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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.
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.
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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