Global automotive airbag inflator market expected to reach USD 5.10 billion in 2021, growing at a CAGR of 4.0% between 2016 and 2021.
The report offers analysis for the automotive airbag inflators market on a global and regional level. The study provides past data of the year 2015 along with a forecast from 2016 to 2021. The market number is provided in terms of revenue in USD Billion. The study also includes automotive airbag inflators’ market drivers and restraints along with the impact they have on the demand of automotive airbag inflator over the forecast period. Furthermore, the report includes the study of opportunities available in the automotive airbag inflators market on a global level.
To give the users of this report a full view on the automotive airbag inflators market, we have included in-depth competitive scenario and product set of key vendors. To know the competitive landscape in the market, an analysis of Porter’s five forces model for the automotive airbag inflators market has also been included. The study encompasses attractiveness analysis of market, wherein inflator type & airbag type segments are marked based on their market size, growth rate, and common attractiveness.
The study provides a critical view on the automotive airbag inflators market by segmenting the market based on inflator type and airbag type and region.
Front airbag, side airbag, knee airbag, curtain airbag and others are the airbag type segments of the market. Various inflators type covered in automotive airbag inflators include pyrotechnic, stored gas, and hybrid. All the segments have been analyzed based on current and upcoming trends and the market is estimated from 2015 to 2021. The regional segmentation includes the current alongwith forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East and Africa.
Major participants in the automotive airbag inflator space include Takata, Diacel, ZF TRW Toyodo Gosei, Autoliv, and Key Safety Systems amongst others.
This report segments the global automotive airbag inflators market as follows:
Automotive Airbag Inflators Market: Inflator Type Segment Analysis
Automotive Airbag Inflators Market: Airbag Type Segment Analysis
Automotive Airbag Inflators Market: Regional Segment Analysis
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Automotive Airbag Inflators Market – Industry Analysis
Chapter 4. Global Automotive Airbag Inflators Market - Competitive Landscape
Chapter 5. Automotive Airbag Inflators Market – Inflator Type Segment Analysis
Chapter 6. Global Automotive Airbag Inflators Market – Airbag Type Segment Analysis
Chapter 7. Automotive Airbag Inflators Market - Regional Analysis
Chapter 8. Company Profiles
This report is based on in-depth qualitative and quantitative analyses of the global Automotive Airbag Inflator market. Zion Research has collected and analyzed key data belong to the global Automotive Airbag Inflator market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Automotive Airbag Inflator across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Automotive Airbag Inflator industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Automotive Airbag Inflator market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
The airbag is a device which looks like the balloon and expands when a car experiences a collision. It provides a cushion of air which prevents a person bashing their face on the dashboard. The initiator used to light solid propellant inside the airbag inflator. The burning propellant generates inert gas which rapidly inflates the airbag approximately in 20 to 30 milliseconds.
The introduction of more bags per car, increasing penetration of side-impact and curtain airbags, increased vehicles production are the major factors which drive the growth of automotive airbag inflator market. In addition, prioritizing more on customer safety and comfort paired with rising regulatory requirements regarding vehicle safety and awareness about vehicle safety across the globe are some contributing factors expected to boost the market growth in coming years. On the other hand, the durability of the cheap airbag may restrict the growth of automotive airbag inflator market in the coming years. Nonetheless, increasing awareness towards passenger safety coupled with the deployment of airbags in low-cost cars is likely to disclose new avenues for automotive airbag inflator market in the near future.
Based on inflator’s type, the global automotive airbag inflator market is bifurcated into pyrotechnic, stored gas and hybrid. Pyrotechnic type of inflators is emerged as a leading type segment owing to light weight and size advantages. A hybrid type of inflator type is expected to show remarkable growth in coming years.
Front airbag, side airbag, knee airbag, curtain airbag and others are the key airbag type segment of this market. Technology advancement has led this type to grow significantly. Light commercial vehicles, compact cars, and MPVs are expected to offer a significant growth opportunity for airbag inflators in the near future.
Europe emerged as the dominating regional market for automotive airbag inflators in 2015 owing to strong regulations for adopting airbag safety systems in each passenger car by governments in Europe. Asia Pacific is expected to be a fastest growing market for airbag inflators in coming years due to the presence of emerging economies such as China and India paired with increased vehicles production. High awareness along with government initiative at the major driving factors expected to boost the demand of airbag inflator in North America. U.S. is expected to be a most promising market in North America.
Major participants in the automotive airbag inflator space include Toyodo Gosei, Autoliv, Takata, ZF TRW and Key Safety Systems amongst others.