IMARC Group has recently released a new research study titled “Automotive Airbag Inflator Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028”, offers a detailed analysis of the global automotive airbag inflator market report, market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
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.
Automotive Airbag Inflator Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- ARC Automotive Inc.
- Autoliv Inc.
- Daicel Corporation
- Joyson Safety Systems
- Nippon Kayaku Co. Ltd., etc.
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The report has segmented the market based on type, operation, and vehicle type.
Type Insights:
- Driver Airbag
- Passenger Airbag
- Curtain Airbag
- Knee Airbag
- Pedestrian Protection Airbag
- Side Airbag
Operation Insights:
- Pyrotechnic
- Stored Gas
- Hybrid
Vehicle Type Insights:
- Passenger Car
- Commercial Vehicle
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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