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This report, from Stratview Research, studies the airbag inflators market in the automotive industry over the trend period of 2012 to 2017 and the forecast period of 2018 to 2023. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Presents a Research Report on Automotive Airbag Inflators Market Automotive Airbag Inflators Market by Vehicle Type (Compact Car, Midsize Car, Large Car, MPV and LCV, SUV, and Others), by Airbag Type (Front Airbag, Side Airbag, Knee Airbag, and Curtain Airbag), by Inflator Type (Pyrotechnic Inflators, Stored Gas Inflators, and Hybrid Inflators), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence
Automotive Airbag Inflators Market Growth and Forecast Highlights & Drivers • The automotive airbag inflators market is projected to reach an estimated value of US$ 5.2 billion in 2023. • Expected growth in automotive production, especially in Asia-Pacific and rest of the world; increasing awareness about the vehicle safety across the globe; introduction of more bags per car; and the introduction of more stringent passenger safety standards are the major factors burgeoning the demand for airbag inflators in the automotive industry. • The next five years for the automotive airbag inflators market are going to be vigorous with a plethora of opportunities for both existing as well as new players. Both organic and inorganic growth routes are strategically being evaluated by the major players for a large pie in the market. • some of the major players are incessantly expanding their existing capacities of airbag inflators in order to meet the growing demand from both OE as well as replacement market, whereas on the other side, few major players are strategically performing M&A activities to quickly gain the leading position in the market. • Asia-Pacific is likely to surpass Europe to become the largest airbag inflators market during the forecast period. China, Japan, and South Korea are likely to remain the major markets for airbag inflators in the region, whereas India is likely to be the new growth engine of the growing region’s demand for airbag inflators. • Europe and North America are also likely to generate favorable growth opportunities in the coming years.
Market Insights • By Vehicle Type • Compact cars, SUVs, MPVs, and LCVs are expected to offer robust growth opportunities for airbag inflators in the global automotive industry in the coming years. • Increasing demand for compact cars (hatchbacks) and SUVs in the major Asian countries, such as China and India, and highly congested cities of the developed economies are the major drivers of the demand for inflators in these vehicle types. • By Material Type • Pyrotechnic inflator is projected to remain the most dominant inflator type in the market during the forecast period, driven by its higher usage in frontal airbags. • Hybrid inflators and stored gas inflators are likely to witness higher growth rates during the same period. • By Region • Asia-Pacific is likely to surpass Europe to become the largest airbag inflators market during the forecast period. China, Japan, and South Korea are likely to remain the major markets for airbag inflators in the region, whereas India is likely to be the new growth engine of the growing region’s demand for airbag inflators. • Europe and North America are also likely to generate favorable growth opportunities in the coming years.
Competitive Insights • New product development, formation of long-term contracts, and execution of M&A activities are the key strategies adopted by the major players to gain a competitive edge in the market. • Key Companies Analysed • Autoliv Inc. • Daicel Corporation • Takata Corporation • ZF TRW Automotive Holdings Corp. • Key Safety Systems, Inc. • Toyoda Gosei Co., Ltd.
Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others
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.
Market Segmentation • By Vehicle Type • Compact Car • Mid-Size Car • Large Car • MPV & LCV • SUV • Others • By Airbag Type • Front Airbag • Side Airbag • Knee Airbag • Curtain Airbag • By Inflator Type • Pyrotechnic Inflators • Stored Gas Inflators • Hybrid Inflator
Market Segmentation • By Region • North America (Country Analysis: The USA and Others) • Europe (Country Analysis: Germany, Spain, France, Italy, the UK, Russia, and Others) • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Others) • Rest of the World (Country Analysis: Brazil, Argentina, and Others)
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