Global Automotive Airbag Inflator Market, 2015 – 2021
Global automotive airbag inflator market expected to reach USD 5.10 billion in 2021, growing at a CAGR of 4.0
Global automotive airbag inflator market expected to reach USD 5.10 billion in 2021, growing at a CAGR of 4.0
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Published By: Zion <strong>Market</strong> Research<br />
<strong>Global</strong> <strong>Automotive</strong> <strong>Airbag</strong> <strong>Inflator</strong> <strong>Market</strong> Set for Rapid<br />
Growth to Reach USD 5.10 Billion by <strong>2021</strong><br />
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<strong>Automotive</strong> <strong>Airbag</strong> <strong>Inflator</strong> <strong>Market</strong><br />
Zion <strong>Market</strong> Research has published a new report titled “<strong>Automotive</strong> <strong>Airbag</strong> <strong>Inflator</strong> <strong>Market</strong><br />
by <strong>Inflator</strong>s Type (Pyrotechnic, Stored Gas, and Hybrid) by <strong>Airbag</strong> Type (Front <strong>Airbag</strong>,<br />
Side <strong>Airbag</strong>, Knee <strong>Airbag</strong>, Curtain <strong>Airbag</strong> and Others): <strong>Global</strong> Industry Perspective,<br />
Comprehensive Analysis, and Forecast, <strong>2015</strong>-<strong>2021</strong>”. According to the report,<br />
global automotive airbag inflator market was valued at USD 4.04 billion in <strong>2015</strong> and is expected<br />
to reach USD 5.10 billion in <strong>2021</strong>, growing at a CAGR of 4.0% between 2016 and <strong>2021</strong><br />
An airbag is a type of vehicle safety device generally fitted in between front seats. The airbag is<br />
an occupant restraint system. <strong>Airbag</strong>s are. A car which is called as having a “driver’s side<br />
airbag” has one airbag only, designed for the safety of the driver. If a car said to be “dual<br />
airbags”, it has one airbag for the driver and another air for the passenger.<br />
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https://www.zionmarketresearch.com/sample/automotive-airbag-inflator-market<br />
Prioritizing more on customer safety and comfort coupled with rising regulatory requirements<br />
regarding vehicle safety and raising awareness about vehicle safety across the globe are some<br />
of contributing factors expected to boost the market growth in coming years. Furthermore,<br />
increasing penetration of side-impact and curtain airbags, increased vehicles production, the<br />
introduction of more bags per car are the major factors drives the growth of automotive airbag<br />
inflator market. On a contrary, the durability of the cheap airbag may hamper the growth of<br />
automotive airbag inflator market in the coming years. Nonetheless, deployment of airbags in
<strong>Automotive</strong> <strong>Airbag</strong> <strong>Inflator</strong> <strong>Market</strong><br />
low-cost cars coupled with technological advancement in the product is likely to disclose new<br />
avenues for automotive airbag inflator market in the near future.<br />
On the basis of inflator’s type, the pyrotechnic type is expected to dominate the market over the<br />
forecast period due to efforts from key players such as TRW <strong>Automotive</strong> and Autoliv. A hybrid<br />
type of inflator is also expected to show significant growth opportunities in European and North<br />
America regions due to performance tailoring/tuning capability. Stored gas type of inflators is<br />
also expected to experience noticeable growth in near future.<br />
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Rising safety awareness, ongoing technological advancement, and investment by industry<br />
leaders are expected the boost the demand for various types of airbags installed in an<br />
automobile. Front airbag, side airbag, knee airbag and curtain airbag are different types of the<br />
airbag. Front airbag emerged as the largest segment by <strong>Airbag</strong> type and is expected to maintain<br />
this trend during the forecast period.<br />
With the largest share, Europe was a leading regional market for automotive airbag inflator in<br />
<strong>2015</strong> due to government initiative towards passenger’s safety. Asia Pacific is considered to be<br />
the fastest growing market in coming years due to the presence of huge automotive hubs in<br />
China and India. Government initiative paired with awareness about safety is expected to drive<br />
a market for airbag inflator in North America region.<br />
Major participants in the automotive airbag inflator space include Diacel, Takata, ZF TRW,<br />
Toyodo Gosei, Autoliv, and Key Safety Systems amongst others.
<strong>Automotive</strong> <strong>Airbag</strong> <strong>Inflator</strong> <strong>Market</strong><br />
Browse the full report at https://www.zionmarketresearch.com/report/automotive-airbaginflator-market<br />
Zion <strong>Market</strong> Research<br />
Address: 4283, Express Lane, Suite 634-143, Sarasota, Florida 34249, United States<br />
Tel: +1-386-310-3803 GMT +49-322 210 92714<br />
Tel: +1-855-465-4651 (US/CAN TOLL FREE)<br />
Email: sales@zionmarketresearch.com Web: www.zionmarketresearch.com
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