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Automotive Airbag Inflator Market | Covid-19 Analysis Insights by Size, Growth, Trends, Share, Competitive Analysis By Emerging Technology and Advancement

Jan 7, 2021 5:05 PM ET

Overview:

The automotive airbag inflator market is burgeoning in tandem with the surging demand for driver safety. Safety measures earlier used to include instant brakes, windshields, robust and strong vehicle body, large diameter and through in the chassis. However, the focus is much more holistic now. It is no longer just about the driver and the passenger beside the driver. Automobile manufacturers are now providing several airbags to protect all inside the car. The inflator system generates gas to pump up the airbag in case of an accident. The global automotive airbag inflator market is expecting a moderate 4% CAGR during he forecast period (2017-2023), reveals Market Research Future (MRFR). The report has its focus on segments and factors that can provide a pillar effect to the market growth.

Among the factors, technology integration, regulatory pressure, and consumer demand are emerging as crucial influencers. The automotive sector has emerged as a user-centric industry where the security and safety of the user are of utmost importance. This is providing much thrust to the automotive airbag inflator market in general. At the same time, esteemed car manufacturers are more concerned about their legacy which they want to continue even long after the life-span of their car. Hence, the demand is getting more and more pronounced every day.

However, the price of airbag inflators is a deterring factor. The automotive airbag inflator market can get bottlenecked for this reason. Most OEMs prefer low-cost airbag inflators that have less lifespan. But the competitive market is witnessing rival companies bringing the price point down or integrating more value points which can help the automotive airbag inflator market grow.

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Segmentation:

The global automotive airbag inflator market can be segmented by inflator type, airbag position, and vehicle type.

Based on the inflator type, theautomotive airbag inflator market can be segmented into store gas, pyrotechnic, hybrid, cold gas inflator, and hot gas inflator. Pyrotechnic inflator technique is the most commonly used one. Its low-cost manufacturing and high production rates are pushing the segment ahead.

Based on the airbag position, the automotive airbag inflator market includes knee, side, frontal, external, and curtain. Frontal type is expected to dominate the segment till 2023.

Based on the vehicle type, the automotive airbag inflator market can be segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle.

Regional Analysis:

The automotive airbag inflator market, if considered regionally, includes North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

North America is registering significant demand for the big vehicles (SUV and mini trucks) for quite sometime now. People of this region shows a tendency to opt for personal vehicles more than public transport which also squarely increases the number of accidents occurring every day. This is spurring the growth of the regional automotive airbag inflator market. Meanwhile, the regional automotive sector is experiencing a resurgence which is influencing the market growth.

Europe has a robust automotive sector,and with the stringent laws to provide maximum security to the passengers, the regional automotive airbag inflator market can expect a smooth ride during the forecast period.

The APAC market can expect steadygrowth during the forecast period. With growing power consumption power of the people and emerging economies such as India and China, the region can record unmistakable growth. Various investment factors are also luring in market behemoths and are broadening the market scope.

Competitive Landscape:

Prominent players in the automotive airbag inflator market are Jinzhou Jinheng Automotive Safety System Co., Ltd. (China), Toyoda Gosei Co., Ltd. (Japan), Daicel Corporation (Japan), Takata Corporation (Japan), and Autoliv Inc. (Sweden). ARC Automotive, Inc. (U.S.), Key Safety Systems (U.S.), TRW Automotive (U.S.), Aptiv PLC (U.S.), and others.

In November 2018, Lectraboosts iSiAutomotive’s airbag manufacturing sector by equipping the Thailand plant of the latter with Focus Quantum FT6K technology. The technology would ensure superior airbags.

In April 2018, Key Safety Systems (KSS) acquired Takata Corporation of Japan, an erstwhile leading global supplier of vehicle safety systems.

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Key Questions Addressed by the Report

  • What was the historic market size?
  • Which segmentation (Product/ Capacity) is driving market?
  • What will be the growth rate?
  • How are the key players in this market?
  • What are the strategies adopted by key players?

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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