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(Transportation-News.com, September 19, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Automotive Airbag Inflators market for 2018-2023.
An airbag inflator receives a signal in the event of a vehicle collision and a chemical reaction generates nitrogen gas, which inflates the airbag.
One of the primary drivers for this market is the rise in automotive sales in emerging economies across the globe. Emerging markets have witnessed a steady growth in automobile sales due to strong economic growth, ideal demographics, and increased purchasing power of people. The economic growth in BRICS (Brazil, Russia, India, China, and South Africa) nations has propelled the growth in the automotive industry in the past few years. This has compelled several global automakers to partner with the domestic automakers of these emerging markets to enter this untapped market space. For instance, Ford teamed with Changan Auto, while BMW sells its cars in China through Brilliance China Automotive. Moreover, strong economic growth and the increased purchasing power create a strong market for luxury and premium vehicles, which will propel the market for automotive airbag inflators during the forecast period.
One of the latest trends gaining traction in this market is the introduction of flexible vent technology. The flexible vent technology ensures that the inflation of airbags is no more dependent on the sensors. A smart air pressure control mechanism regulates inflation by controlling the airflow through the vent. The conventional airbags used to get inflated by the release of energy through the inflator. The body size of the airbags is generally of the dual stage to accommodate with the severity of the accident. Inputs are taken from the electronic control unit (ECU) and a sensor that gives the position and weight of the driver, and the final inflation limit is controlled depending on the severity of the crash. This enhanced technological advancement in the technology will augment growth in the global automotive airbag inflators market in the coming years.
Over the next five years, this report projects that Automotive Airbag Inflators will register a 8.3% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Airbag Inflators market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Pyrotechnic Inflator
Stored Gas Inflator
Hybrid Inflator
Segmentation by application:
Passenger Car
Commercial Vehicle
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ARC Automotive. Inc
Key Safety Systems
Takata
ZF TRW
DAICEL
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automotive Airbag Inflators consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automotive Airbag Inflators market by identifying its various subsegments.
Focuses on the key global Automotive Airbag Inflators manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Airbag Inflators with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Airbag Inflators submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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