At present, safety issues for automobile passengers have been an increasing concern. A representative safety device is an airbag which absorbs the crash energy of a passenger for the prevention of injuries during an otherwise accident. Airbags are studied extensively to provide customized protection to passengers of different body types. Airbag consists of an inﬂator which generated gas and cushion assembly that is in direct contact with a passenger in order to absorb the crash impact. When an airbag is activated by impact sensor; propellant combustion generates burnt gas that is evicted from the inﬂator so as to organize the cushion assembly. Two main characteristics in an airbag assembly are the combustion characteristics of the propellant and performance of the airbag assembly. In the airbag development process, a closed bomb test and a discharge tank test are often conducted to assess the performance of an airbag.
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The growth of automotive airbag inflator market is mainly attributed to the increasing penetration of side-impact and curtain airbags, introduction of more bags per car, and increased vehicles production. In addition, rising regulatory requirements regarding vehicle safety paired with prioritizing more on customer safety and comfort and awareness about vehicle safety across the globe are some of the major supportive factors expected to prompt the market growth in coming years. On the other hand, the durability of the low-cost airbag may restrict the growth of automotive airbag inflator market in the coming years. Nonetheless, the deployment of airbags in low-cost cars coupled with increasing awareness towards passenger safety is likely to reveal new avenues for automotive airbag inflator market in the near future.
The report analyzes and forecast for the automotive airbag inflator market on a global as well as regional level. The report also provides historical data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Million). To understand the competitive position of the automotive airbag inflator market, an analysis of Porter’s Five Forces model for the automotive airbag inflator market has also been incorporated in the study. The report also analyzes different driving and restraining factors and their impact on the market within the estimated period. The study offers a market attractiveness analysis, wherein inflator type and airbag type segment is marked based on their growth rate, general attractiveness and market size.
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The report provides comprehensive segmentation of automotive airbag inflator market based on inflator type, airbag type and regions. By 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 inflator type segment owing to size advantages and light weight. The hybrid type of inflator type is expected to show noteworthy growth in coming years. Airbag type segment categorized into side airbag, knee airbag, curtain airbag, front airbag and others. Technology advancement has led this airbag type to grow notably. Compact cars, and MPVs are expected to offer a significant growth opportunity for airbag inflators in the year to come.
Europe emerged as the dominating regional market for automotive airbag inflators in 2016 owing to stringent regulations for adopting airbag safety systems in every passenger car by governments. Asia Pacific is expected to be a fastest growing market and expected to grow with highest CAGR for airbag inflators in coming years due to increased vehicles production paired with the presence of emerging economies such as China and India. High awareness along with government initiative is the key driving factors expected to propel the demand of airbag inflator in North America. U.S. is expected to be a most lucrative 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.