DUBLIN--(BUSINESS WIRE)--The "Global Automotive Airbag Inflator Market - Segmented by Airbag Type, Inflator Type, Vehicle Type, Geography - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering.
The global automotive airbag inflator market is expected to register a CAGR of 3.19%, during the forecast period, 2019-2024.
Increasing regulatory requirements regarding vehicle safety and rising awareness about customer safety, globally, are driving the automotive airbag inflator market. Furthermore, the increase in the penetration of side-impact and curtain airbags, and vehicle production, the introduction of more bags per car, are the major factors that drive the growth of the automotive airbag inflator market.
In 2018, Europe continued to capture the largest market for airbag inflators due to various government initiatives toward passenger safety, such as the introduction of crash tests for frontal and side impact protection, sub-system tests for pedestrian protection, and anti-lock braking requirements. However, Asia-Pacific is expected to lead the market by the end of forecast period, because of countries, like India and China are anticipated to record high CAGR in the automotive industry.
Key Market Trends
Hybrid Inflator to Capture Faster Growth Rate
- The hybrid inflator working principle involves a combination of both stored gas and pyrotechnic technologies. It uses compressed gas and a combustion reaction in a single device.
- Though hybrid inflators have been eco-friendlier compared to that of pyrotechnic inflators, the former exhibited some disadvantages, such as design complexity, additional space and size, high cost, and longer deployment time compared to that of pyrotechnic inflators.
- Thus, hybrid inflators will take a considerable time to replace pyrotechnic inflators completely in the automotive industry.
- However, with the growing improvement in production and design, hybrid inflators have been increasingly preferred in passenger airbags, knee airbags, and curtain airbags in the automotive industry.
Asia-Pacific to Witness Faster Market Growth
- In 1993, US congress and National Highway Traffic Safety Administration (NHTSA) adopted a law requiring dual front airbags (i.e., driver airbag and passenger airbag) in all passenger cars by 1998, and in all light duty trucks and vans by 1999.
- Thereafter, North America and Europe have been the major regions that significantly deployed dual front airbags in the aforementioned types of vehicle segments and continue to meet their respective NCAP standards till date.
- Asia-Pacific has been gradually adopting the aforementioned rules and taking necessary measures to mandate the dual front airbags in all passenger cars and light-duty trucks across all the countries in the region during the forecast period.
- However, few countries of the Asia-Pacific region have been already following the footsteps of Euro NCAP. For instance, in 2019, the Indian government has mandated to equip at least one driver airbag in all passenger cars.
- Additionally, apart from entry-level cars, many new car models launched in India have been adding passenger airbags as standard features since the past two years (i.e., 2017 and 2018), which is likely to continue during the forecast period
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
5.1.2 Asia Pacific
22.214.171.124 Rest of Asia-Pacific
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
5.1.4 Rest of the World
184.108.40.206 South Africa
220.127.116.11 Other Countries
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Autoliv Inc.
6.2.2 ZF Friedrichshafen AG
6.2.3 Joyson Safety Systems (Key Safety Systems)
6.2.4 HUAYU Automotive Systems
6.2.5 Toyoda Gosei
6.2.6 Daicel Corporation
6.2.7 Nippon Kayaku Co. Ltd
6.2.8 Ashimori Industry Co., Ltd.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/1vkp56
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900