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In 2023, the worldwide market for automobile airbag inflators was valued at $4.20 billion. Predictions show that the market will grow from $4.43B in 2024 to $6.84B in 2031, a compound annual growth rate (CAGR) of 8.2%. As a result of the pandemic, demand for vehicle airbag inflators has dropped globally, adding to the extraordinary and stunning impact of the COVID-19 epidemic.
A car's airbag inflator is a part of a larger system that generates gas to fill the airbags. The function of airbag inflators in vehicles is vital to the protection of both the driver and passengers. The airbag inflator is designed and integrated into the vehicle's occupant safety system. There are new regulations regarding the deployment of side airbags, according to the NHTSA. Airbags are now standard equipment in most high-end and mid-range vehicles.
The worldwide airbag inflators market is booming for a variety of reasons, including rising consumer demand, stricter regulations, and the convergence of relevant technologies. The market for airbag inflators is large and has a lot of potential, but new entrants are being held back by the intense competition already present. In addition, a substantial financial outlay is required to set up plants and compete with well-established firms. Demand for automobiles has been skyrocketing as of late. The implementation of mandatory airbag usage rules in major nations is driving the anticipated substantial growth of the airbag inflators market over the projected years.
Because the fast global spread of COVID-19 has greatly affected both value and supply chain stakeholders, the epidemic has had a profound effect on the automotive industry as a whole. The world's suppliers began to limit or halt production lines entirely in China. Raw goods from Asia, including steel components, paints, and machinery, were already in short supply due to legal and trade limitations like closed borders, which further exacerbated the shortfall. The fulfillment of current orders was delayed as a result of this.
As a result of a just-in-time production strategy that incorporates quarantine measures and a reduced workforce, OEMs have halted production due to an inadequate supply of parts. The requirement to reduce dye overproduction in order to cut sales and secure liquidity only serve to amplify this. While sales did dip briefly at the beginning of the COVID-19 outbreak, they have since recovered, and demand for EVs is still robust. Increases in vehicle sales, the introduction of new features, and the investment in cutting-edge technology by original equipment manufacturers (OEMs) bode well for the market's future growth prospects. The automobile airbag inflator market is growing at a favorable rate due to rising disposable income. The coronavirus pandemic has caused a precipitous fall in income for companies like Toyoda Gosei and Autoliv Inc., ranging from 10 to 12 percent. Despite the difficulty in predicting the duration of the pandemic, the automobile sector benefited from the release of COVID-19 vaccines in early 2021.
Now that more people understand the value of passive safety systems, they are willing to pay more for cars with advanced safety systems and other extra features designed to keep them safe. Proven technology is the main motivator for buying safety features. Factors related to trustworthiness, security, and ease will impact consumers' choices to buy. Many businesses are racing to be the first to market with innovative airbag systems. As an example, ZF improved vehicle safety with the development of an exterior airbag in July 2019. By absorbing some of the force from an approaching car, an external airbag might lessen the severity of any harm that may occur. This intelligent airbag system will deploy as soon as it senses an impending collision.
Automobiles in the luxury and mid-range segments typically come equipped with airbag systems. Automotive airbag inflator demand is likely to skyrocket as the number of models and varieties of automobiles on the market continues to grow. Automotive airbag inflators have a lot of room to develop in the next years thanks to a number of factors, including an increasing middle class, more disposable incomes, and more people living in cities. The market is struggling due to the high cost of vehicles with airbag systems. Cars with airbag systems are not popular in developing countries. In addition, there aren't many brands that offer affordable airbag systems. The majority of buyers avoid purchasing automobiles with airbags since the system's longevity falls short of their expectations.
Report Coverage
Global Automotive Airbag Inflator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Airbag Inflator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Airbag Inflator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Airbag Inflator market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Airbag Inflator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Airbag Inflator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ARC Automotive, Inc. (U.S.), Daicel Corporation (Japan), Jinzhou Jinheng Automotive Safety System Co., Ltd. (China), Takata Corporation (Japan), and Autoliv Inc. (Sweden). Toyoda Gosei Co., Ltd. (Japan), Key Safety Systems (U.S.), TRW Automotive (U.S.), and Aptiv PLC (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Automotive Airbag Inflator market based on the below-mentioned segments:
Global Automotive Airbag Inflator Market, By Product Type
Pyrotechnic Inflator
Stored gas inflator
Hybrid Inflator
Global Automotive Airbag Inflator market, By Component Type
Airbag Inflator Filter
Airbag Tubes
Others
Global Automotive Airbag Inflator Market, By Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Global Automotive Airbag Inflator market, Regional Analysis
A car's airbag inflator is a part of a larger system that generates gas to fill the airbags. The function of airbag inflators in vehicles is vital to the protection of both the driver and passengers. The airbag inflator is designed and integrated into the vehicle's occupant safety system. There are new regulations regarding the deployment of side airbags, according to the NHTSA. Airbags are now standard equipment in most high-end and mid-range vehicles.
The worldwide airbag inflators market is booming for a variety of reasons, including rising consumer demand, stricter regulations, and the convergence of relevant technologies. The market for airbag inflators is large and has a lot of potential, but new entrants are being held back by the intense competition already present. In addition, a substantial financial outlay is required to set up plants and compete with well-established firms. Demand for automobiles has been skyrocketing as of late. The implementation of mandatory airbag usage rules in major nations is driving the anticipated substantial growth of the airbag inflators market over the projected years.
Because the fast global spread of COVID-19 has greatly affected both value and supply chain stakeholders, the epidemic has had a profound effect on the automotive industry as a whole. The world's suppliers began to limit or halt production lines entirely in China. Raw goods from Asia, including steel components, paints, and machinery, were already in short supply due to legal and trade limitations like closed borders, which further exacerbated the shortfall. The fulfillment of current orders was delayed as a result of this.
As a result of a just-in-time production strategy that incorporates quarantine measures and a reduced workforce, OEMs have halted production due to an inadequate supply of parts. The requirement to reduce dye overproduction in order to cut sales and secure liquidity only serve to amplify this. While sales did dip briefly at the beginning of the COVID-19 outbreak, they have since recovered, and demand for EVs is still robust. Increases in vehicle sales, the introduction of new features, and the investment in cutting-edge technology by original equipment manufacturers (OEMs) bode well for the market's future growth prospects. The automobile airbag inflator market is growing at a favorable rate due to rising disposable income. The coronavirus pandemic has caused a precipitous fall in income for companies like Toyoda Gosei and Autoliv Inc., ranging from 10 to 12 percent. Despite the difficulty in predicting the duration of the pandemic, the automobile sector benefited from the release of COVID-19 vaccines in early 2021.
Now that more people understand the value of passive safety systems, they are willing to pay more for cars with advanced safety systems and other extra features designed to keep them safe. Proven technology is the main motivator for buying safety features. Factors related to trustworthiness, security, and ease will impact consumers' choices to buy. Many businesses are racing to be the first to market with innovative airbag systems. As an example, ZF improved vehicle safety with the development of an exterior airbag in July 2019. By absorbing some of the force from an approaching car, an external airbag might lessen the severity of any harm that may occur. This intelligent airbag system will deploy as soon as it senses an impending collision.
Automobiles in the luxury and mid-range segments typically come equipped with airbag systems. Automotive airbag inflator demand is likely to skyrocket as the number of models and varieties of automobiles on the market continues to grow. Automotive airbag inflators have a lot of room to develop in the next years thanks to a number of factors, including an increasing middle class, more disposable incomes, and more people living in cities. The market is struggling due to the high cost of vehicles with airbag systems. Cars with airbag systems are not popular in developing countries. In addition, there aren't many brands that offer affordable airbag systems. The majority of buyers avoid purchasing automobiles with airbags since the system's longevity falls short of their expectations.
Report Coverage
Global Automotive Airbag Inflator research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Automotive Airbag Inflator report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Automotive Airbag Inflator competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Automotive Airbag Inflator market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ARC Automotive, Inc. (U.S.), Daicel Corporation (Japan), Jinzhou Jinheng Automotive Safety System Co., Ltd. (China), Takata Corporation (Japan), and Autoliv Inc. (Sweden). Toyoda Gosei Co., Ltd. (Japan), Key Safety Systems (U.S.), TRW Automotive (U.S.), and Aptiv PLC (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Automotive Airbag Inflator Market from 2021 to 2031.
- Market Forecast for Automotive Airbag Inflator Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Automotive Airbag Inflator competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Automotive Airbag Inflator
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Automotive Airbag Inflator market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Automotive Airbag Inflator market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ARC Automotive, Inc. (U.S.), Daicel Corporation (Japan), Jinzhou Jinheng Automotive Safety System Co., Ltd. (China), Takata Corporation (Japan), and Autoliv Inc. (Sweden). Toyoda Gosei Co., Ltd. (Japan), Key Safety Systems (U.S.), TRW Automotive (U.S.), and Aptiv PLC (U.S.)
Primary Target Market
- Market Players of Automotive Airbag Inflator
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Automotive Airbag Inflator market based on the below-mentioned segments:
Global Automotive Airbag Inflator Market, By Product Type
Pyrotechnic Inflator
Stored gas inflator
Hybrid Inflator
Global Automotive Airbag Inflator market, By Component Type
Airbag Inflator Filter
Airbag Tubes
Others
Global Automotive Airbag Inflator Market, By Vehicle Type
Passenger Vehicle
Light Commercial Vehicle
Global Automotive Airbag Inflator market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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