Automotive Airbag Inflator Market Overview
The Automotive Airbag Inflator Market is projected to grow at a CAGR of 4% during the forecast period.
Market Scenario
Market Research Future (MRFR), in its latest report on the Automotive Airbag Inflator Market reveals that the dynamics of different controlling forces of the market. A complete analysis of the consequences of COVID 19 outbreak on the automotive airbag inflator market is discussed in the report. The rise of the automotive airbag inflator market can rise at 4% CAGR across the study period 2017-2023. The increase in the need for automotive airbag inflator market can thrive across the review period due to the need for high performing automobiles. The availability of safety features, such as instant brakes, strong vehicle body, windshields, and large diameter of chassis can promote the expansion of the market in the years to come. The increase in the emphasis on the robustness of consumer safety in general can spur the expansion of the automotive airbag inflator market across the study period.
The rise in equal attention towards vehicle performance and for the well-being of drivers can promote the expansion of the automotive airbag inflator market in the years to come. The need for the development of different types of airbags to protect lives of passengers and divers under any situation can bolster the expansion of the automotive airbag inflator market in the years to come. The rise in airbag mechanism upgradations and modifications by reputed producers can spur the expansion of the market across the analysis period. These factors are expected to impel the growth of the automotive airbag inflator market in the years ahead.
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Key Players
The key players in automotive airbag inflator market are ARC Automotive, Inc. (U.S.), Daicel Corporation (Japan), Jinzhou Jinheng Automotive Safety System Co., Ltd. (China), Takata Corporation (Japan), and Autoliv Inc. (Sweden). Toyoda Gosei Co., Ltd. (Japan), Key Safety Systems (U.S.), TRW Automotive (U.S.), and Aptiv PLC (U.S.) are among others.
Automotive Airbag Inflator Market Segmentation
The segment study of the automotive airbag inflator market is done by inflator type, airbag position, and vehicle type.
The inflator type based segments of the automotive airbag inflator market are stored gas, hybrid, pyrotechnic, cold gas inflator, and hot gas inflator. The increase in the need for hybrid automotive airbag inflators can support the expansion of the market across the study period in the years ahead.
The airbag position based segments of the automotive airbag inflator market are knee, frontal, external, curtain, and side. The frontal segment, followed by side segment, are expected to generate substantial revenue for the automotive airbag inflator market across the analysis period.
The vehicle type based segment of the automotive airbag inflator market are passenger vehicle, heavy commercial vehicle, and light vehicle. The heavy commercial vehicle can rise at the highest pace in the years to come and generate considerable revenue for the global market.
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Market Regional Analysis
The automotive airbag inflator market trends are studied across North America, EU, Asia Pacific, and the Rest of the World. In Asia Pacific, the increase in the need for airbag inflators is boosting their production, which can promote the expansion of the automotive airbag inflator market through the analysis period. In addition, the presence of top notch automobile and automotive OEMs developers in the regional can bolster the expansion of APAC automotive airbag inflator market across the study period. In Europe, following North America, the execution of robust road policies and road safety measures can fuel the expansion of the market across the analysis period. The rise in luxury vehicles sales can augmented the expansion of the automotive airbag inflators market in the years ahead.
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