Global Automotive Airbag Inflator Market

Global Automotive Airbag Inflator Market Size, Share, Growth Analysis, By Product Type(Pyrotechnic Inflator, Stored gas inflator), By Component Type(Airbag Inflator Filter, Airbag Tubes) - Industry Forecast 2023-2030


Report ID: SQMIG25A2175 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 63 | Figures: 75

Global Automotive Airbag Inflator Market Insights

Global Automotive Airbag Inflator Market size was valued at USD 14.74 billion in 2022 and is poised to grow from USD 15.30- billion in 2023 to USD 20.60 billion by 2031, growing at a CAGR of 3.79% during the forecast period (2024-2031).

The car airbag inflator marketplace is a crucial thing of vehicle protection systems, designed to guard occupants within the event of a collision. Airbag inflators are liable for rapidly inflating airbags upon impact, imparting a cushioning barrier between passengers and the automobile's indoors.

Several key factors drive the dynamics of this market. Firstly, stringent protection guidelines and standards imposed by governments globally have forced automakers to include advanced airbag structures, along with inflators, of their vehicles. These policies intend to reduce injuries and fatalities on account of traffic accidents, fostering the call for greater sophisticated and reliable inflators.

Secondly, the increasing attention amongst customers about vehicle safety has led to an extra demand for vehicles equipped with superior airbag structures. This demand has driven automakers to adopt revolutionary inflator technologies that provide no longer the simplest more desirable safety but also reduced deployment risks.

Additionally, improvements in inflator technologies, including dual-degree and aspect-impact inflators, are contributing to marketplace increase. These technologies tailor the airbag deployment to the particular type and severity of the collision, optimizing protection for occupants.

While the market studies growth, challenges which include fee pressures, great control, and the development of environmentally pleasant inflators are regions that industry players are actively addressing. As automotive protection remains a paramount challenge for both customers and regulators, the automotive airbag inflator market is anticipated to continue evolving with a focal point on innovation, reliability, and compliance with global protection requirements.

Market snapshot - 2024-2031

Global Market Size

USD 14.74 billion

Largest Segment

Pyrotechnic Inflator

Fastest Growth

Pyrotechnic Inflator

Growth Rate

3.79% CAGR

Global Automotive Airbag Inflator Market ($ Bn)
Country Share for U.S Region (%)
Global Automotive Airbag Inflator Market By Product Type ($ Bn)
Global Automotive Airbag Inflator Market By Product Type (%)

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Global Automotive Airbag Inflator Market Segmental Analysis

The Automotive Airbag Inflator Market is segmented through Product Type, Component Type, Vehicle Type, Regions. Based on Product Type the marketplace is segmented as, Pyrotechnic Inflator, Stored fuel inflator, Hybrid Inflator. Based on Component Type the market is segmented as, Airbag Inflator Filter, Airbag Tubes, Others. Based on Vehicle Type the market is segmented as, Passenger Vehicle, Light Commercial Vehicle. Regional the market is segmented as, North America, Europe, Asia-Pacific, and Latin America.

Analysis By Product Type

In the car airbag inflator marketplace, the "Pyrotechnic Inflator" phase stands as the dominant pressure. Pyrotechnic inflators have been a staple in airbag structures for many years because of their reliability and effectiveness. These inflators utilize a chemical reaction to swiftly generate gas and inflate the airbag at some stage in a collision. Their huge usage throughout various automobile models and a confirmed music file in providing fast airbag deployment has solidified their function as the dominant section.

Conversely, the "Hybrid Inflator" segment represents the fastest-developing segment within the marketplace. Hybrid inflators integrate factors of each pyrotechnic and saved fuel inflator, providing a stability between rapid deployment and flexibility. They are increasingly favored with the aid of automakers looking for revolutionary methods to enhance occupant safety at the same time as optimizing design flexibility. The call for hybrid inflators is growing as automobile producers discover superior airbag structures able to adapt to one-of-a-kind collision scenarios. This fashion positions hybrid inflators as the quickest-developing phase inside the automobile airbag inflator market, showcasing their ability to shape the destiny of automobile safety structures.

Analysis By Component Type

In the automobile airbag inflator marketplace, the "Airbag Inflator Filter" segment would be the dominant force, currently protecting a sizable proportion of the marketplace. Airbag inflator filters are crucial additives designed to make certain the purity and cleanliness of the gas used to inflate the airbags throughout deployment. These filters play a critical role in maintaining the reliability and effectiveness of the airbag gadget through stopping contamination and making sure the gas's first-rate. As automobile safety standards become more and more stringent and clients prioritize safety features, the call for for brilliant airbag systems, inclusive of powerful filters, stays consistently high, riding the dominance of this segment.

Conversely, the "Airbag Tubes" segment represents the quickest-growing segment in the car airbag inflator market. Airbag tubes are important conduits that deliver the fuel from the inflator to the airbag for fast deployment. With improvements in airbag generation, along with the improvement of multi-level and facet-impact airbags, the complexity and customization of airbag structures have expanded. This has caused a growing need for modern and green airbag tube designs to house those evolving safety necessities, resulting in the rapid boom of the airbag tubes section inside the marketplace.

Global Automotive Airbag Inflator Market By Product Type, 2022 (%)

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Global Automotive Airbag Inflator Market Regional Insights

The automobile airbag inflator market reveals wonderful nearby dynamics, with North America and Asia-Pacific rising as two of the largest areas.

North America, specifically America, represents the most important region in the car airbag inflator marketplace. The United States has a properly-set up automotive industry and stringent safety rules, that have driven the adoption of superior airbag structures. Leading American automakers prioritize safety, and this emphasis has caused a strong call for brilliant airbag inflators. Additionally, the presence of principal airbag inflator manufacturers and suppliers in the location further solidifies its function as a dominant player within the market.

Asia-Pacific stands as the second-largest region inside the car airbag inflator marketplace, with China being a key contributor. China's car industry has witnessed rapid growth, and as the world's largest car market, it has a giant appetite for airbag inflators to equip its cars with advanced protection capabilities. The increasing awareness on automobile protection and the adoption of airbag systems inside the Asia-Pacific area, along with international locations like Japan and South Korea, make contributions to its considerable presence within the market. As those regions keep growing economically and technologically, the demand for automotive airbag inflators is anticipated to upward push further.

Global Automotive Airbag Inflator Market By Geography, 2024-2031
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Global Automotive Airbag Inflator Market Dynamics

Drivers

Stringent Safety Regulations:

  • Strict protection policies and requirements mandated with the aid of governments and regulatory bodies worldwide are a significant driving force. These guidelines compel automakers to comprise advanced airbag structures, which include dependable and efficient inflators, to decorate passenger safety and decrease fatalities in accidents.

Increasing Awareness of Vehicle Safety:

  • Growing cognizance amongst clients regarding the significance of vehicle safety has caused a higher call for vehicles equipped with superior airbag systems. This heightened cognizance drives automakers to invest in revolutionary inflator technology that provides superior safety for occupants.

Restraints

Quality Control Challenges:

  • Ensuring the reliability and consistency of airbag inflators is important for safety. Maintaining extremely good requirements and accomplishing rigorous quality management exams for the duration of the producing technique can be tough, impacting manufacturing efficiency.

Environmental Concerns:

  • Some inflator technologies contain pyrotechnic substances, which increase environmental worries because of their excellent impact on air quality and the disposal of spent inflators. As environmental cognizance grows, options to standard pyrotechnic inflators are being explored.

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Global Automotive Airbag Inflator Market Competitive Landscape

The competitive landscape of the automotive airbag inflator marketplace is characterized by the presence of numerous outstanding gamers who vie for marketplace proportion via innovation and strategic collaborations. Key market contributors which include Autoliv Inc., ZF Friedrichshafen AG, Takata Corporation (now Joyson Safety Systems), and Denso Corporation are regarded for his or her large product portfolios and worldwide attain. These agencies continuously put money into research and improvement to beautify inflator technology, along with advanced gas era systems and smart airbag structures. Additionally, rising players like Ningbo Joyson Electronic Corp. And Ningbo Joyson Preh Car Connect Co., Ltd., among others, are increasing their presence in the marketplace. Strategic partnerships with automakers and a focal point on sustainability and safety requirements stay important strategies for companies on this competitive panorama.

Top Player’s Company Profile

  • Takata Corporation (Now part of Joyson Safety Systems)
  • Continental AG
  • TRW Automotive (Part of ZF Friedrichshafen AG)
  • Toyoda Gosei Co., Ltd.
  • Nippon Kayaku Co., Ltd.
  • Daicel Corporation
  • Hyundai Mobis Co., Ltd.
  • Ningbo Joyson Electronic Corp. (Joyson Safety Systems)
  • Key Safety Systems (KSS)
  • Special Devices Inc.
  • Diacel Corporation
  • Anand Group
  • Talbros Automotive Components Ltd.
  • Daicel Safety Systems America
  • Ashimori Industry Co., Ltd.
  • S&T Motiv Co., Ltd.
  • Xin Point Holdings Limited

Recent Developments

  • March 2023: Autoliv introduced the release of its new Gen5 airbag inflator. The Gen5 inflator is designed to be extra reliable and more secure than preceding generations.
  • April 2023: ZF Friedrichshafen introduced the purchase of Key Safety Systems. Key Safety Systems is a manufacturer of airbag inflators. The acquisition will help ZF Friedrichshafen to make its product portfolio and reach new markets.
  • May 2023: Daicel Corporation introduced the improvement of a new airbag inflator that uses a new propellant. The new propellant is designed to be more environmentally pleasant than conventional propellant.
  • June 2023: The National Highway Traffic Safety Administration (NHTSA) issued a take into account for millions of cars ready with Takata airbag inflators. The don't forget is due to the chance of the inflators exploding and inflicting injuries.

Global Automotive Airbag Inflator Key Market Trends

  • Advancements in Airbag Technology: The market witnessed a fashion of continuous innovation in airbag technology, including the improvement of multi-level and side-impact airbags. These innovations are aimed at supplying superior safety and customization to defend passengers in numerous collision situations.
  • Rise in Electric Vehicles (EVs) and Autonomous Vehicles: The increasing adoption of electrical motors and the development of self sufficient motors drove calls for superior protection structures, such as airbags. EVs, especially, emphasized the want for airbag solutions that accommodate the unique characteristics of electric propulsion systems.

Global Automotive Airbag Inflator Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component type’s team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our worldwide automobile airbag inflator marketplace evaluation, the worldwide automobile airbag inflator market is a critical thing of vehicle safety structures, encompassing regions global, along with North America, Europe, Asia-Pacific, and others. It is segmented into diverse components, including airbag inflator filters, airbag tubes, and extra, every playing an important position in making sure the right functioning of airbag structures. Key drivers fueling the automobile airbag inflator market encompass stringent safety guidelines and purchasers call for superior safety capabilities. Governments globally mandate strict protection standards, pushing automakers to combine sophisticated airbag systems to reduce accidents and fatalities in injuries. Consumer recognition and situation for protection are also driving the adoption of first rate airbag inflators. Additionally, technological improvements, including multi-degree airbags and side-effect protection, are pushing innovation in inflator designs. However, cost pressures and great management challenges pose restraints to the market's boom. As safety remains a paramount challenge, the car airbag inflator market is anticipated to evolve with a focus on innovation, reliability, and compliance with international protection requirements.

Report Metric Details
Market size value in 2022 USD 14.74 billion
Market size value in 2031 USD 20.60 billion
Growth Rate 3.79%
Base year 2022
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Pyrotechnic Inflator, Stored gas inflator, and Hybrid Inflator
  • Component Type
    • Airbag Inflator Filter, Airbag Tubes, and Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Takata Corporation (Now part of Joyson Safety Systems)
  • Continental AG
  • TRW Automotive (Part of ZF Friedrichshafen AG)
  • Toyoda Gosei Co., Ltd.
  • Nippon Kayaku Co., Ltd.
  • Daicel Corporation
  • Hyundai Mobis Co., Ltd.
  • Ningbo Joyson Electronic Corp. (Joyson Safety Systems)
  • Key Safety Systems (KSS)
  • Special Devices Inc.
  • Diacel Corporation
  • Anand Group
  • Talbros Automotive Components Ltd.
  • Daicel Safety Systems America
  • Ashimori Industry Co., Ltd.
  • S&T Motiv Co., Ltd.
  • Xin Point Holdings Limited
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Automotive Airbag Inflator Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Automotive Airbag Inflator Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Automotive Airbag Inflator Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Automotive Airbag Inflator Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Automotive Airbag Inflator Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Automotive Airbag Inflator Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

Global Automotive Airbag Inflator Market size was valued at USD 14.74 billion in 2022 and is poised to grow from USD 15.30- billion in 2023 to USD 20.60 billion by 2031, growing at a CAGR of 3.79% during the forecast period (2024-2031).

The competitive landscape of the automotive airbag inflator marketplace is characterized by the presence of numerous outstanding gamers who vie for marketplace proportion via innovation and strategic collaborations. Key market contributors which include Autoliv Inc., ZF Friedrichshafen AG, Takata Corporation (now Joyson Safety Systems), and Denso Corporation are regarded for his or her large product portfolios and worldwide attain. These agencies continuously put money into research and improvement to beautify inflator technology, along with advanced gas era systems and smart airbag structures. Additionally, rising players like Ningbo Joyson Electronic Corp. And Ningbo Joyson Preh Car Connect Co., Ltd., among others, are increasing their presence in the marketplace. Strategic partnerships with automakers and a focal point on sustainability and safety requirements stay important strategies for companies on this competitive panorama. 'Takata Corporation (Now part of Joyson Safety Systems)', 'Autoliv Inc.', 'ZF Friedrichshafen AG', 'Denso Corporation', 'Continental AG', 'TRW Automotive (Part of ZF Friedrichshafen AG)', 'Toyoda Gosei Co., Ltd.', 'Nippon Kayaku Co., Ltd.', 'Daicel Corporation', 'Hyundai Mobis Co., Ltd.', 'Ningbo Joyson Electronic Corp. (Joyson Safety Systems)', 'Key Safety Systems (KSS)', 'Special Devices Inc.', 'Diacel Corporation', 'Anand Group', 'Talbros Automotive Components Ltd.', 'Daicel Safety Systems America', 'Ashimori Industry Co., Ltd.', 'S&T Motiv Co., Ltd.', 'Xin Point Holdings Limited'

Strict protection policies and requirements mandated with the aid of governments and regulatory bodies worldwide are a significant driving force. These guidelines compel automakers to comprise advanced airbag structures, which include dependable and efficient inflators, to decorate passenger safety and decrease fatalities in accidents.

Advancements in Airbag Technology: The market witnessed a fashion of continuous innovation in airbag technology, including the improvement of multi-level and side-impact airbags. These innovations are aimed at supplying superior safety and customization to defend passengers in numerous collision situations.

The automobile airbag inflator market reveals wonderful nearby dynamics, with North America and Asia-Pacific rising as two of the largest areas.

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