Automotive Airbag Inflator Market Share, Size, Growth, Opportunity and Forecast 2023-2028
The global automotive airbag inflator market size reached US$ 4.65 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.03 Billion by 2028, exhibiting a growth rate (CAGR) of 4.33% during 2023-2028.
The latest report by IMARC Group, titled “Automotive Airbag Inflator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. offers a comprehensive analysis of the industry, which comprises insights on the global automotive airbag inflator market share. The global market size reached US$ 4.65 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.03 Billion by 2028, exhibiting a growth rate (CAGR) of 4.33% during 2023-2028.
An automotive airbag inflator is a critical safety component integrated into modern vehicles, designed to deploy airbags swiftly and effectively in the event of a collision. This device plays a pivotal role in enhancing passenger safety by rapidly inflating the airbag with a controlled burst of gas. Typically, this gas is generated through a chemical reaction, often involving a combination of sodium azide and potassium nitrate, which produces nitrogen gas when ignited. The sudden expansion of the nitrogen gas fills the airbag, causing it to inflate within milliseconds. This rapid deployment cushions and protects vehicle occupants, reducing the risk of injury during a collision by absorbing and distributing the force of impact. Automotive airbag inflators are meticulously engineered to meet stringent safety standards, ensuring their reliability and effectiveness in safeguarding lives on the road.
Request Your Sample Report Now: https://www.imarcgroup.com/automotive-airbag-inflator-market/requestsample
Automotive Airbag Inflator Market Trends and Drivers:
Growing awareness among consumers about the importance of safety features in vehicles has led to increased demand for airbag-equipped automobiles. As individuals prioritize safety, automakers are motivated to integrate advanced airbag inflator systems into their vehicle models. Additionally, the global automotive industry continues to expand, with rising vehicle production levels. As more cars are manufactured, the demand for airbag inflators increases in tandem to equip these vehicles with necessary safety measures. Other than this, the unfortunate increase in road accidents globally has highlighted the critical need for enhanced automotive safety. Airbag inflators, as a crucial safety component, are seen as a proactive measure to mitigate the impact of accidents. Besides this, continuous advancements in inflator technology have made airbags more efficient and effective. Newer inflators are designed to provide better protection while minimizing the risk of injury, further driving their adoption.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Driver Airbag
- Passenger Airbag
- Curtain Airbag
- Knee Airbag
- Pedestrian Protection Airbag
- Side Airbag
Breakup by Operation:
- Pyrotechnic
- Stored Gas
- Hybrid
Breakup by Vehicle Type:
- Passenger Car
- Commercial Vehicle
Market Breakup by Region:
- North America (United States, Canada)
- Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- ARC Automotive Inc.
- Autoliv Inc.
- Daicel Corporation
- Joyson Safety Systems
- Nippon Kayaku Co. Ltd.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
Email: [email protected]
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
About Author
