Automotive Airbag Inflator Industry Global Market Analysis from 2019 To 2023

Posted by Abhijeet Bendre on January 21st, 2019

Automotive Airbag Inflator Market Research Report – Global Forecast to 2023. Market research future published research report on global automotive airbag inflators market. The automotive airbag inflators market is expected to grow at 4% CAGR during the period 2019 to 2023. Automotive Airbag Inflator Market Report by Inflator Type (Stored Gas, Pyrotechnic, Hybrid, Cold Gas Inflator, Hot Gas Inflator), Airbag Position (Knee, Side, Frontal, External, Curtain), Vehicle Type (Passenger Vehicle, LCV and HCV), and Region.

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There are many factors responsible for the growth of the automotive airbag inflator market. Firstly there is an increased awareness of traffic and vehicular safety amongst the consumers. Secondly, today’s automotive market is a buyer-centric market. Hence to remain relevant and stay in the competition, automotive manufacturers try to provide different and unique features at competitive prices. Thirdly, automakers need to create a brand image that goes beyond just car making and present to the world that they are concerned about people’s well-being, making it morally binding for them to provide best quality airbags for consumer safety. Thus, the overall global automotive airbag inflator market is expected to grow with the CAGR of approximately 4% from 2017-2023.

Region wise, the global automotive airbag inflators market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. Asia Pacific countries such as China, South Korea, Japan and India, are the major manufacturers of airbag inflators. In Europe and North America, policies regarding road safety, have become the major growth driver. Europe, has been witnessing a rise in the sales of luxury vehicles, which has augmented the demand for automotive airbag inflators, here. Also, Germany, U.K. and France being the leading countries in Europe, have fuelled the growth of the market in the region. Asia Pacific has been the fastest growing economy in the global market.

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