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Automotive Airbag Inflator Market - Global Industry Analysis

Automotive Airbag Inflator Market By Inflators Type (Pyrotechnic, Stored Gas And Hybrid) By Airbag Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag And Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 31-May-2021 Category: Automotive Report Format : PDF Pages: 150 Report Code: ZMR-451 Status : Published

The global automotive airbag inflators market accounted for USD 4.2 Billion in 2020 and is expected to reach USD 6.0 Billion by 2028, growing at a CAGR of around 4.1% between 2021 and 2028.

Description

Market Overview     

The global automotive airbag inflators market accounted for USD 4.2 Billion in 2020 and is expected to reach USD 6.0 Billion by 2028, growing at a CAGR of around 4.1% between 2021 and 2028.     

An automotive airbag is a device that appears like a balloon when the vehicles meet with an accident or crash. The purpose of airbag in the vehicles is to provide a vehicle occupant with a soft cushioning and restraint the accident or crash. It can avoid the injuries between the flailing occupant and the interior of the vehicle. Automotive airbag inflator plays a vital role in airbag system in the vehicle, which inert gas to inflate the airbags. The airbags inflator are mainly made from the gases such as sodium azide. When the crash occurs, the gas releases nitrogen gas which can instantly inflate an airbag. Nowadays, the airbags are used in every vehicles in order to reduce the injuries during the crash.

Airbags come up different installation in automobile such as passenger bags, side bags, curtain bags, driver bags, knee bags, and roll-over bags. The inflator inflates the airbags with gas in less than 1 second. The global automotive airbag inflator market is rapidly growing owing to various factors such as regulatory pressure, technology integration, and consumer demand across the regions.

COVID-19 Impact Analysis

The global automotive airbag inflators market has witnessed a slight decline in the sales for short term to the lockdown enforcement placed by governments in order to contain COVID spreading. Retail sales of vehicles across all the region is also likely suffer due to subdued consumer sentiment because of the rising infections and curbs. The automotive industry in the U.S remain fragile, vehicles sales decline by 5-10%, whereas China vehicles sales continue their fast recovery. Europe automotive shows decline of 8- 12% Y-o-Y.    

The restrictions imposed by various nations to contain COVID had stopped the production resulting in a disruption across the whole supply chain. However, the global markets are slowly opening to their full potential and theirs a surge in demand of auto parts of the vehicles. The market would remain bullish in upcoming year.  The significant decrease in the global automotive airbag inflators market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

Growth Factors

Increasing focus on consumer safety and comfort with increasing regulatory needs regarding vehicles security and increasing awareness about the vehicle security all over the world are some of the driving factors for the growth of the market. Moreover, rising penetration of curtain and side impact airbags, innovation in airbags for every vehicles and increased vehicles production are the primary factors for the development in airbag inflator market. In addition, durability of affordable airbag might limit the automotive airbag inflator market in the coming years.

Ongoing technological advancement in airbag in order to reduce the risk are likely the drive the requirement for different kinds of airbags equipped in a vehicle, boosting the automotive airbag inflator market. The major giant players are planning to invest more in research and development to stay ahead in the automotive airbag inflator market is expected to drive the market growth. For example, in February 2018, General Motors asked the Government of US for permission to evade recalls of possibly deadly air bag inflators by Takata. Also, in the same time frame, A group of 13 auto manufacturers contributed as much as USD 130 Billion to reimburse those injured by deadly Takata Corp air bag inflators. This was done as a fraction of an agreement to solve the bankruptcy of the Japanese company.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Inflator Types Segment Analysis Preview  

Pyrotechnic inflator type segment holds the major share in the market and is likely to remain the most dominant inflator type during the forecast period, owing to its higher usage in frontal airbags. Hybrid inflators and stored gas inflators are likely to witness higher CAGR during the same period. It offers various advantages such as greater performance tailoring, lower exhaust gas temperature, reduced gaseous and airborne particulates, and greater bag fill capability.

Key Market Players & Competitive Landscape

Some of the major players dominating the global automotive aftermarket are Tenneco, Dana, and TRW Automotive. Other key players influencing the global market include Visteon, Johnson Controls, and BorgWarner.

The global Automotive Airbag Inflators Market is segmented as follows:

By Inflator Types

  • Pyrotechnic
  • Stored Gas
  • Hybrid

By Airbag Types

  • Front Airbag
  • Side Airbag
  • Knee Airbag
  • Curtain Airbag
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Inflator Type
        • 2.1.1.2. Market Attractiveness Analysis, By Airbag Type
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Automotive Airbag Inflators Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Automotive Airbag Inflators Market – Inflator Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Inflator Type, 2020 & 2028
    • 4.2. Pyrotechnic
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Stored Gas
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Hybrid
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Automotive Airbag Inflators Market – Airbag Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Airbag Type, 2020 & 2028
    • 5.2. Front Airbag
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Side Airbag
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Knee Airbag
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Curtain Airbag
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Others
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Automotive Airbag Inflators Market – Regional Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Inflator Type, 2016 – 2028
      • 6.2.3. North America Market Revenue, By Airbag Type, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Inflator Type, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By Airbag Type, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Inflator Type, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By Airbag Type, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Inflator Type, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By Airbag Type, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Inflator Type, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By Airbag Type, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Inflator Type, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By Airbag Type, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Inflator Type, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By Airbag Type, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Inflator Type, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By Airbag Type, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Inflator Type, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By Airbag Type, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Inflator Type, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By Airbag Type, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Inflator Type, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By Airbag Type, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Inflator Type, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By Airbag Type, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Inflator Type, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By Airbag Type, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Inflator Type, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By Airbag Type, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Inflator Type, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By Airbag Type, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Inflator Type, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By Airbag Type, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Inflator Type, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By Airbag Type, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Inflator Type, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By Airbag Type, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Inflator Type, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By Airbag Type, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Inflator Type, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By Airbag Type, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Inflator Type, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By Airbag Type, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Inflator Type, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By Airbag Type, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Inflator Type, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By Airbag Type, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Inflator Type, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By Airbag Type, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Inflator Type, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By Airbag Type, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Inflator Type, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By Airbag Type, 2016 – 2028
  • Chapter No. 7: Automotive Airbag Inflators Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Automotive Airbag Inflators Market: Company Market Share, 2019
      • 8.1.2. Global Automotive Airbag Inflators Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Automotive Airbag Inflators Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Automotive Airbag Inflators Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. Takata
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. Diacel
    • 9.3. ZF TRW Toyodo Gosei
    • 9.4. Autuliv
    • 9.5. Key Safety Systems
    • 9.6. Company 6
    • 9.7. Company 7
    • 9.8. Company 8
    • 9.9. Company 9
    • 9.10. Company 10
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Inflator Type
FIG NO. 2. Market Attractiveness Analysis, By Airbag Type
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Automotive Airbag Inflators Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Inflator Type, 2020 & 2028
FIG NO. 8. Global Automotive Airbag Inflators Market for Pyrotechnic, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Automotive Airbag Inflators Market for Pyrotechnic, By Country, 2020 & 2028
FIG NO. 10. Global Automotive Airbag Inflators Market for Stored Gas, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Automotive Airbag Inflators Market for Stored Gas, By Country, 2020 & 2028
FIG NO. 12. Market Revenue Share, By Airbag Type, 2020 & 2028
FIG NO. 13. Global Automotive Airbag Inflators Market for Hypertension, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Automotive Airbag Inflators Market for Hypertension, By Country, 2020 & 2028 
FIG NO. 15. Global Automotive Airbag Inflators Market for Angina pectoris, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Automotive Airbag Inflators Market for Angina pectoris, By Country, 2020 & 2028
FIG NO. 17. Global Automotive Airbag Inflators Market for Pregnancy, Revenue (USD Billion) 2016 – 2028 
FIG NO. 18. Comparative Revenue Analysis of Automotive Airbag Inflators Market for Pregnancy, By Country, 2020 & 2028
FIG NO. 19. Global Automotive Airbag Inflators Market for Obesity, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Automotive Airbag Inflators Market for Obesity, By Country, 2020 & 2028
FIG NO. 21. Global Automotive Airbag Inflators Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Automotive Airbag Inflators Market for Others, By Country, 2020 & 2028
FIG NO. 23. Global Automotive Airbag Inflators Market Revenue Share, By Region, 2020 & 2028
FIG NO. 24. North America Automotive Airbag Inflators Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 25. Porter’s Five Forces Analysis for Global Automotive Airbag Inflators Market
FIG NO. 26. PEST Analysis for Global Automotive Airbag Inflators Market
FIG NO. 27. Pricing Analysis for Global Automotive Airbag Inflators Market
FIG NO. 28. Value Chain Analysis for Global Automotive Airbag Inflators Market
FIG NO. 29. Company Share Analysis, 2019
FIG NO. 30. Radar Determinant Chart, 2019
FIG NO. 31. Company Strategic Developments – Heat Map Analysis
FIG NO. 32. Takata Business Segment Revenue Share, 2020 (%)
FIG NO. 33. Takata Geographical Segment Revenue Share, 2020 (%)
FIG NO. 34. Market Channels
FIG NO. 35. Marketing Channel Development Trend
FIG NO. 36. Growth in World Gross Product, 2008-2018
FIG NO. 37. Research Methodology – Detailed View
FIG NO. 38. Research Methodology
 


List of Tables 

TABLE NO. 1. Global Automotive Airbag Inflators Market: Snapshot
TABLE NO. 2. Quarterly Automotive Airbag Inflators Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Automotive Airbag Inflators Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Automotive Airbag Inflators Market for Pyrotechnic, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Automotive Airbag Inflators Market for Stored Gas, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Automotive Airbag Inflators Market for Hypertension, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Automotive Airbag Inflators Market for Angina pectoris, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Automotive Airbag Inflators Market for Pregnancy, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Automotive Airbag Inflators Market for Obesity, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12. Global Automotive Airbag Inflators Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Automotive Airbag Inflators Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. North America Automotive Airbag Inflators Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 15. North America Automotive Airbag Inflators Market Revenue, By Inflator Type, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Automotive Airbag Inflators Market Revenue, By Airbag Type, 2016 – 2028 (USD Billion)
TABLE NO. 17. U.S. Automotive Airbag Inflators Market Revenue, By Inflator Type, 2016 – 2028 (USD Billion)
TABLE NO. 18. U.S. Automotive Airbag Inflators Market Revenue, By Airbag Type, 2016 – 2028 (USD Billion)
TABLE NO. 19. Canada Automotive Airbag Inflators Market Revenue, By Inflator Type, 2016 – 2028 (USD Billion)
TABLE NO. 20. Canada Automotive Airbag Inflators Market Revenue, By Airbag Type, 2016 – 2028 (USD Billion)
TABLE NO. 21. Mexico Automotive Airbag Inflators Market Revenue, By Inflator Type, 2016 – 2028 (USD Billion)
TABLE NO. 22. Mexico Automotive Airbag Inflators Market Revenue, By Airbag Type, 2016 – 2028 (USD Billion)
TABLE NO. 23. Drivers for the Automotive Airbag Inflators Market: Impact Analysis
TABLE NO. 24. Restraints for the Automotive Airbag Inflators Market: Impact Analysis
TABLE NO. 25. Major Buyers of Automotive Airbag Inflators 
TABLE NO. 26. Distributors/Traders List of Automotive Airbag Inflators
TABLE NO. 27. Global Automotive Airbag Inflators Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 28: Global Automotive Airbag Inflators Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

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.   

Primary Research

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:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

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.

Models

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:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

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.

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FrequentlyAsked Questions

The global Automotive Airbag Inflators Market was valued at USD 4.2 billion in 2020.

The global Automotive Airbag Inflators Market is expected to reach USD 6.0 billion by 2028, growing at a CAGR of 4.1% between 2021 to 2028.

Some of the key factors driving the global Automotive Airbag Inflators Market growth are, Increasing safety awareness, investment by industry leaders, and ongoing technological advancement.  

Europe region held a substantial share of the Automotive Airbag Inflators Market in 2020. This is attributable to the owing to the attendance of huge automotive centers in India and China.

Some of the major companies operating in Automotive Airbag Inflators Market Takata, Diacel, ZF TRW Toyodo Gosei, Autoliv, and Key Safety Systems amongst others.  

 

 

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