Earlier, airbag systems were mainly included in the luxury segment vehicles. But currently, the situation is revamped owing to increasing pressure from regulatory bodies, intense competition in the market, and rising concerns about safety on the part of consumers. These pressures intensify a long-standing significance for car manufacturers to include Airbag system in every car regardless of its market segment.
The essential component of an airbag system is the airbag inflator as it engages in deploying airbags in the event of a collision to protect passengers. Thus, rising demand for airbag systems automatically escalates the market demand for airbag inflator. The global automotive airbag inflators market is expected to grow to almost 400 million units by 2021 with a CAGR of 6 plus percent.
Technology Advancements: Global Automotive Airbag Inflator Market
Throughout the years, the Airbag inflator technology used in cars has been upgrading to make it reliable and effective and ensure the safety of the passengers. The following are the technology advancements and innovations in airbag inflators market from 1990.
- Single-stage inflator: This technology has been used in 1990s in which the airbag creates a same force irrespective of the circumstances and type of accidents. The force created in this kind of technology remains same irrespective of car models.
- Dual-stage inflator: In late 1990s, the technology was reformed to a dual-stage inflator. This system can adjust force and inflate airbag depending on the level of impact.
- Multi-stage Inflator: Currently, this technology is being used in cars which adjusts the force depending on diverse aspects such as severity of the collision, use of seat belt, position of the seat, and the size of the occupant.
The Future of Airbag Inflators: Market Trends
Flexible vent technology: Vent technology is a new trend in the global automotive airbag inflator market. It uses a smart air pressure control mechanism which regulates inflation by controlling airflow through the vent. This technology reduces the dependency of airbag inflators on sensors. Usage of this technology increases the effectiveness and reliability of airbags in protecting the passenger.
Reduced airbag size: Currently, manufacturers in the airbag inflator market tend to reduce the size of airbags due to market demand for light weight airbags by utilizing a newly introduced aspect of air hardening steel. This system strengthens the toughness of steel, increases reliability and reduces the size of airbag without compromising on the capacity of the airbag to hold a specified volume of gas.
Technavio Research Reports
Market Intelligence firm-Technavio has done a comprehensive study on the global automotive airbag inflators market to provide market insights essentially trends, demand, new technologies, challenges, market growth and other aspects to benefit firms in the airbag inflator or related industries.
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