Global Automotive Airbag Inflator Market 2019: Industry Analysis

Posted by Abhijeet Bendre on March 12th, 2019

Automotive Airbag Inflator Market Research Report - Forecast to 2023. Global Automotive Airbag Inflator Market 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.

The biggest concern with high performance and high-end automobiles is that of driver safety. Earlier driver safety would include features such as instant brakes, windshields, robust and strong vehicle body, large diameter and through in the chassis. With greater emphasis on consumer safety in general, equal attention was given to vehicle performance and driver well-being. The need for developing different types of airbags was to protect the life of all the passengers inside the moving vehicle under any situation. This thought was a deviation from the earlier provided airbag mechanism, which involved thus protecting the life of the driver (and sometimes the person sitting adjacent to the driver).

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.

Automotive Airbag Inflator Market, By Segmentation:

On the basis of the inflator type, the most commonly used is the pyrotechnic inflator. This type of inflator involves using a self-sustained material capable of undergoing exothermic chemical reactions to produce sufficient thrust of gas. This gas helps in inflating the airbag. Owing to the low-cost of manufacture and high production rates, this inflator type is preferred. On the basis of the airbag position, the most commonly used is the frontal type. This airbag position ensures maximum oncoming impact absorption while requiring the least time for integrating in the dashboard mechanism.

More Automotive Airbag Inflator Market News At:

https://www.marketwatch.com/press-release/automotive-airbag-inflators-market-2019-global-industry-analysis-by-growth-size-trends-share-competitive-analysis-opportunities-key-country-regional-and-competitive-forecast-to-2023-2019-01-14

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Abhijeet Bendre

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Abhijeet Bendre
Joined: February 20th, 2018
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