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(Transportation-News.com, February 13, 2019 )
Stratview Research announces the launch of a new market research report on Global Automotive Airbag Inflators Market by Vehicle Type (Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, and Others), by Airbag Type (Driver Airbag, Passenger Airbag, Side Airbag, Knee Airbag, and Curtain Airbag), by Inflator Type (Pyrotechnic, Stored Gas, and Hybrid), by Region (NA, Europe, APAC, ROW), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018 – 2023
The Global Automotive Airbag Inflators Market: Highlights
The automotive airbag inflators market is projected to reach an estimated value of US$ 5.2 billion in 2023, which offers an opportunity to the automotive industry players to align themselves with the market growth.
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The author stated that pyrotechnic inflators are the most dominant type in the global automotive airbag inflators market. Expected growth in automotive production, introduction of more bags per car, growth in Asia Pacific, and increasing safety standards across the globe are the major drivers of airbag inflators market.
Europe is the largest market for airbag inflators. Asia-Pacific, however, is expected to be the dominant market for airbag inflators during the forecast period. Asia-Pacific is set to experience the highest growth in the coming years with most of the growth coming from developing nations including India and China.
The key airbag inflator suppliers for automotive industry are Autoliv, Takata, ZF TRW, Key Safety Systems, Daicel Corporation and Toyodo Gosei.
New product development, light weighing, collaboration with customers, and long term contracts are the key strategies adopted by the key players to gain competitive edge in the market.
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Source: EmailWire.Com 
Source: EmailWire.com
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