The latest report by IMARC Group, titled “Automotive Airbag Inflator Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global automotive airbag inflator market size reached US$ 4.65 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.03 Billion by 2028, exhibiting a growth rate (CAGR) of 4.33% during 2023-2028.

An automotive airbag inflator is a component of the supplemental restraint system (SRS) of a vehicle that is responsible for rapidly inflating the airbag in the event of a collision. It is located within the airbag module and consists of a metal canister, propellant, and ignition system. The signal from the vehicle crash sensors triggers the inflator, causing it to rapidly deploy and provide a cushioning effect to protect the occupants from injury. At present, automotive airbag inflator is available in different types, including pyrotechnic, which use a small explosive charge, and compressed gas, and employ stored compressed gas to inflate the airbag.

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Automotive Airbag Inflator Market Trends and Drivers:

The growing concerns about the safety of vehicles are catalyzing the demand for improved airbag inflators that can prevent injuries and fatalities during the collision. In line with this, shifting consumer preferences towards vehicles with advanced safety features, including airbags represent one of the primary factors positively influencing the market across the globe. Additionally, governments of various countries are implementing strict safety regulations for vehicles, which is offering lucrative growth opportunities for key market players. Furthermore, increasing investments in research and development (R&D) activities to provide low-cost and high-quality airbag inflators are stimulating the growth of the market worldwide.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

• Driver Airbag
• Passenger Airbag
• Curtain Airbag
• Knee Airbag
• Pedestrian Protection Airbag
• Side Airbag

Breakup by Operation:

• Pyrotechnic
• Stored Gas
• Hybrid

Breakup by Vehicle Type:

• Passenger Car
• Commercial Vehicle

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Competitive Landscape with Key Player:

• ARC Automotive Inc.
• Autoliv Inc.
• Daicel Corporation
• Joyson Safety Systems
• Nippon Kayaku Co. Ltd.

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