Airbag inflators are devices used to restrain the occupancy of a passenger or driver from their seat by designing a bag to inflate rapidly and deflate during a collision. These devices are integrated into numerous vehicles in light of various safety protocols doled out by transportation department amid rising collision and accident cases. The global automotive airbag inflators market report by Market Research Future (MRFR) provides a comprehensive view of the industry replete with drivers, challenges, trends, and opportunities for the period of 2022 to 2030 (forecast period). The COVID-19 pandemic and its implications on the industry are noted in the report.
The overall global automotive airbag inflator market is expected to grow with the CAGR of 4% over the forecast period. Design and development of different types of airbags for protecting passengers and the driver can drive the market demand. This is evident from the huge sales of passenger and commercial vehicles in North America and Europe. Awareness of traffic and vehicle safety and product differentiation among automotive manufacturers can bode well for the market.
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But concerns of rigged safety tests of these devices can hamper the market growth.
On the basis of inflator type, the pyrotechnic inflator is expected to capture a major market share till the end of the forecast period. This type of inflator involves using a self-sustained material capable of producing 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. Other inflator types are stored gas, hot gas inflator, cold gas inflator, and hybrid.
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. Other positions include side, knee, curtain, and external. The external airbag position is gaining traction in the market owing to interest in safety technologies growing among auto makers. This is exemplified by ZF Friedrichshafen, a German supplier, which has developed Prosip, which deploys on recognizing the vehicle being about to be hit on the side of the vehicle.
By vehicle type, it is segmented into passenger vehicle, heavy commercial vehicle, and light commercial vehicle.
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On the basis of region, the market is segmented into North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW). In the North America market (U.S. and Canada in particular), the trend of big vehicles has been consistent for a long time and will require airbags owing to continuous travel over long stretches of time. The preference of large personal vehicles by consumers over sparsely distributed public transport system can drive regional demand. With more high-performance cars plying on the roads, the probability of traffic-related mishaps is quite high. Hence, this region is always a potentially strong market for this system.
In the APAC market, the sheer combined population of emerging economies – India and China, is about ‘one third’ of the total world population. Additionally, both these countries have an ever growing middle class in need of a personal vehicle. The need for enhanced safety features like airbags and rules rolled out for electric vehicles are likely to see its increasing demand. Joint ventures between well-known auto manufacturers and local car makers are likely to culminate in the production of airbags.
Europe is projected to garner huge demand for the market owing to being home to various prominent auto makers. Such high-end cars definitely require increased driver safety features such as airbags.
Takata Corporation, Jinzhou Jinheng Automotive Safety System Co., Ltd., ARC Automotive, Inc., Daicel Corporation, and Autoliv Inc. are key players of the global automotive airbag inflators market.
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