LONDON, Oct. 25, 2016 /PRNewswire/ -- This report, from
Stratview Research, studies the airbag inflators market in
automotive industry over the period 2010 to 2021. The report
provides detailed insights on the market dynamics to enable
informed business decision making and growth strategy formulation
based on the opportunities present in the market.
The Automotive Airbag Inflators Market: Highlights
An airbag is the most important safety device in an automobile.
There are different types of airbags installed in an automobile
such as driver bags, passenger bags, side bags, curtain bags, knee
bags, roll-over bags, and others. The market for airbag has been
growing at a higher pace than that of automotive market due to
increasing awareness towards passenger safety.
The inflator is that part of an automobile's airbag inflator system
which generates gas to inflate the airbags. An inflator inflates
the bag with gas in about 0.02 seconds, less than a blink of an
eye. The functions of an airbag inflator are:
a) Provide an adequate storage for inflation material
b) Respond to the signal provided by sensors by injecting gas into
the airbag in case of a collision or a crash.
During the collision, a signal is sent to the inflator unit within
the air bag control unit. The igniter starts a rapid chemical
reaction generating primarily nitrogen gas to inflate the air
bag.
The automotive airbag inflators market promises good growth
opportunity and is likely to grow at a CAGR of 3.8% during the
forecast period of 2016 to 2021 to reach $4.8 billion in 2021. 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.
Currently, pyrotechnic inflators are the most dominant type in the
global automotive airbag inflators market. Compact cars, MPVs, and
LCVs are expected to offer a robust growth opportunity for airbag
inflators in the global automotive industry.
Europe is the largest market for
airbag inflators. The penetration of airbags is impressive in US
and Europe. 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. China
is the world's largest light vehicle manufacturer. With its CNAP
(China's New Car Assessment
Program) initiatives, the Chinese government has mandated the use
of seat belts and frontal airbags. The number of airbags in
vehicles in China is expected to
reach the same level as in Europe
and the US. This has been possible due to a lot of promotional
initiatives taken by government such as advertisements and highway
hoardings.
The supply chain of this market comprises raw materials
manufacturers, inflator manufacturers, distributors, and OEMs. Some
of airbag manufacturers are Autoliv, Takata, TRW, Delphi, and
Jinheng and OEMs are General Motors, BMW, Toyota, and Ford.
Most of the airbag manufacturers manufacture inflators as well. The
key airbag inflator suppliers for automotive industry are Autoliv,
Takata, ZF TRW, Key Safety Systems, 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.
Research Methodology
This report offers high quality insights and is the outcome of
detailed research methodology comprising extensive secondary
research, rigorous primary interviews with industry stakeholders
and validation and triangulation with Stratview Research's internal
database and statistical tools. More than 1,000 authenticated
secondary sources, such as company annual reports, fact book, press
release, journals, investor presentation, white papers, patents,
and articles have been leveraged to gather the data. More than 10
detailed primary interviews with the market players across the
value chain in the all four regions and industry experts have been
executed to obtain both the qualitative and quantitative
insights.
Report Features
This report provides market intelligence in the most comprehensive
way. The report structure has been kept such that it offers maximum
business value. It provides critical insights on the market
dynamics and will enable strategic decision making for the existing
market players as well as those willing to enter the market. The
following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply
chain analysis.
- Market environment analysis: Growth drivers and constraints,
Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product
portfolio, product launches, etc.
- Attractive market segments and associated growth
opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new
players.
- Key success factors.
The automotive airbag inflators market is segmented into the
following categories.
Automotive Airbag Inflators Market by Vehicle Type:
- Compact Car
- Mid-Size Car
- Large Car
- MPV & LCV
- SUV
- Others
Automotive Airbag Inflators by Airbag Type:
- Front Airbag
- Side Airbag
- Knee Airbag
- Curtain Airbag
Automotive Airbag Inflators Market by Inflator Type:
- Pyrotechnic
- Stored Gas
- Hybrid
Automotive Airbag Inflators Market by Region:
- North America
o By vehicle type (Compact Car, Mid-size Car, Large Car, MPV &
LCV, SUV, and Others)
o By Country (US, Canada, and
Mexico)
- Europe
o By vehicle type (Compact Car, Mid-size Car, Large Car, MPV &
LCV, SUV, and Others)
o By Country (Germany,
Spain, France, Italy, UK, Russia, and Others)
- Asia Pacific
o By vehicle type (Compact Car, Mid-size Car, Large Car, MPV &
LCV, SUV, and Others)
o By Country (China, Japan, India,
South Korea, and Others)
- Rest of the World
o By vehicle type (Compact Car, Mid-size Car, Large Car, MPV &
LCV, SUV, and Others)
o By Country (Brazil, Argentina, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the
following free customization options to our respectable
clients:
Company Profiling
- Detailed profiling of additional market players (up to 3)
- SWOT analysis of key players (up to 3)
Competitive Benchmarking
- Benchmarking of the top 3 competitors on product portfolio,
application presence, strategic alliances, and new product
development
Custom Research: Stratview research offers custom research services
across the sectors. In case of any custom research requirement
related to market assessment, competitive benchmarking, sourcing
and procurement, target screening, and others, please send your
enquiry at sales@stratviewresearch.com.
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