According to Technavio’s latest market research study, the global automotive airbag inflators market is expected to grow at a CAGR of close to 8% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global automotive airbag inflators market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global curtain airbag inflators market: The growth of the global market for curtain airbag inflators is driven by the demand for automobiles, emphasis on safety components, and electronic content in vehicles. During the forecast period, the market is projected to benefit from the growing demand from emerging countries, such as India, Indonesia, and African countries.
“In terms of unit shipments, the global automotive industry will surpass 111 million units by 2021 from around 95 million units in 2016. The increase in sales, in turn, is expected to propel the demand for curtain airbag inflators in the global market,” says Neelam Barua, a lead analyst at Technavio for research on automotive electronics.
Global frontal airbag inflators market: Emerging economies, such as China and India, are likely to emerge as the fastest growing markets for frontal airbags during the forecast period. Developed countries, such as the US, have laws that mandate automakers to install frontal airbags in vehicles. Emerging economies are trying to change their passenger safety norms to make it essential for automakers to install frontal airbags in all passenger car models, thereby propelling the demand for frontal airbag inflators.
Global knee airbag inflators market: The mandate necessitating the use of passive safety systems, such as frontal airbags systems, prevalent in countries such as the US and China is the fundamental driving force behind the growth of the global knee airbag inflators market. The automotive governing bodies worldwide are making airbag system as a standard feature in vehicles to curb causalities due to on-road collisions and accidents.
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The top vendors operating in the global automotive airbag inflators market are:
- DAICEL
- ARC Automotive
- Tamaris
- Autoliv
- ZF TRW
A more detailed analysis is available in the Technavio report titled, ‘Global Automotive Airbag Inflators Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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