Sarasota, FL, Dec. 05, 2016 (GLOBE NEWSWIRE) -- Zion Research has published a new report titled “Automotive Airbag Inflator Market by Inflators Type (Pyrotechnic, Stored Gas, and Hybrid) by Airbag Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2015-2021”. According to the report, global demand for automotive airbag inflator market was valued at USD 4.04 billion in 2015 and is expected to reach USD 5.10 billion in 2021, growing at a CAGR of 4.0% between 2016 and 2021.
An airbag is a type of vehicle safety device generally fitted in between front seats. The airbag is an occupant restraint system. Airbags are. A car which is called as having a “driver’s side airbag” has one airbag only, designed for the safety of the driver. If a car said to be “dual airbags”, it has one airbag for the driver and another air for the passenger.
Browse through 13 Market Tables and 22 Figures spread over 110 Pages and in-depth TOC on “Global Automotive Airbag Inflator Market: By Types, Technology, Size, Industry Share, Trends, Segment Analysis and Forecast 2015-2021”.
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Prioritizing more on customer safety and comfort coupled with rising regulatory requirements regarding vehicle safety and raising awareness about vehicle safety across the globe are some of contributing factors expected to boost the market growth in coming years. Furthermore, increasing penetration of side-impact and curtain airbags, increased vehicles production, the introduction of more bags per car are the major factors drives the growth of automotive airbag inflator market. On a contrary, the durability of the cheap airbag may hamper the growth of automotive airbag inflator market in the coming years. Nonetheless, deployment of airbags in low-cost cars coupled with technological advancement in the product is likely to disclose new avenues for automotive airbag inflator market in the near future.
On the basis of inflator’s type, the pyrotechnic type is expected to dominate the market over the forecast period due to efforts from key players such as TRW Automotive and Autoliv. A hybrid type of inflator is also expected to show significant growth opportunities in European and North America regions due to performance tailoring/tuning capability. Stored gas type of inflators is also expected to experience noticeable growth in near future.
Browse the full "Automotive Airbag Inflator Market by Inflators Type (Pyrotechnic, Stored Gas and Hybrid) by Airbag Type (Front Airbag, Side Airbag, Knee Airbag, Curtain Airbag and Others): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021" report at https://www.zionmarketresearch.com/report/automotive-airbag-inflator-market
Rising safety awareness, ongoing technological advancement and investment by industry leaders are expected the boost the demand for various types of airbags installed in an automobile. Front airbag, side airbag, knee airbag and curtain airbag are different types of the airbag. Front airbag emerged as the largest segment by airbag type and is expected to maintain this trend during the forecast period.
Europe held the largest share of the global automotive airbag inflator market and is set to continue to dominate the world marketplace within the near future. This growth is mainly attributed to increasing vehicle production paired with strict governmental regulations on vehicle safety. Technology advancement increased approach for product differentiation and innovative product is some of the major contributing factors to the growth of automotive airbag inflator market.
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Europe was followed by Asia Pacific and is expected to exhibit significant growth within the coming years. Demand for pyrotechnic inflator is expected to be the major contributor for the growth of the automotive airbag inflator market. Growing concerns over safety and escalating incorporation of safety systems also stimulate the growth of automotive airbag market in Asia Pacific. Compact car segment is driving the growth of this market in the region.
North America is another most prominent region expected to boost the growth of automotive airbag inflator market. Increasing penetration of airbag components in vehicles, awareness in people about safety concern, strict vehicular safety standards & regulations are some of the major driving factors expected to drive the automotive airbag inflator market in North America. Due to technological advancement, U.S is one of the largest markets for automotive airbag inflator. Continuously increasing demand for front and curtain-type airbag inflators will spur the market growth.
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Major participants in the automotive airbag inflator space include Diacel, Takata, ZF TRW, Toyodo Gosei, Autoliv, and Key Safety Systems amongst others.
This report segments the global automotive airbag inflator market as follows:
Automotive Airbag Inflator Market: Inflator Type Segment Analysis
- Pyrotechnic
- Stored Gas
- Hybrid
Automotive Airbag Inflator Market: Airbag Type Segment Analysis
- Front Airbag
- Side Airbag
- Knee Airbag
- Curtain Airbag
- Others
Automotive Airbag Inflator Market: Regional Segment Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
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