(MENAFN - GetNews) Automotive Airbag Inflator Market to grow at highest compound annual growth rate from 2018 to 2023, according to 'Global Automotive Airbag Inflator Market Size, Share, Trends, Growth and Regional Forecast Industry Report' published by Market Research Future.
Automotive Airbag Inflator Market to grow at highest compound annual growth rate from 2018 to 2023, according to 'Global Automotive Airbag Inflator Market Size, Share, Trends, Growth and Regional Forecast Industry Report published by Market Research Future. This report comprises comprehensive information on Automotive Airbag Inflator Market Forecast data up to 2023, with historic and current market information. Automotive Airbag Inflator Industry analysis done by Inflator Type (Stored Gas, Pyrotechnic, Hybrid, Cold Gas Inflator, Hot Gas Inflator), Airbag Position (Knee, Side, Frontal, External, Curtain), Vehicle Type (Passenger Vehicle, LCV and HCV), and Region.
Global Automotive Airbag Inflator Market Highlights:
The Automotive Airbag Inflator Market is expected to grow at the CAGR of around 4% during the period 2018 to 2023. The global automotive airbag inflators market has largely been influenced by the growth in sales of passenger cars and trucks, and government initiatives on vehicle safety. Owing to this vehicle safety technology, there has been a rise in the adoption of automotive airbag inflators among the population. Automakers need to create a brand image that goes beyond just car making and present to the world that they are concerned about people's well-being, making it morally binding for them to provide best quality airbags for consumer safety.
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Automotive Airbag Inflator Market Key Companies Studied in this report are:
Continental AG (Germany), Nvidia Corporation (U.S.), Robert Bosch GmbH (Germany), Nippon Seiki (Japan), Visteon Corporation (U.S.), IAC Group (Luxembourg) and Panasonic (Japan). Delphi Technologies (U.K.), Magneti Marelli S.p.A. (Italy), Denso Corporation (Japan), Sharp Corporation (Japan), Alpine Electronics, Inc.(Japan), Mitsubishi Electric Corporation (Japan), Luxoft (Switzerland), Yazaki Corporation (Japan), ID4Motion (Netherlands) and Nippon Seiki Company Ltd. (Japan) are among others.
Additionally, the increasing safety concerns, government initiatives, and rising number of accidents, have augmented the market for automotive airbag inflators. The higher cost of automotive airbags vehicles, and low spending capacity in underdeveloped economies, are considered the restraints. The major trend in this market is growing sales of luxury vehicles.
Market Segments Analysis:
The Automotive Airbag Inflator market can be segmented into four key dynamics for the convenience of understanding;
By Inflator Type: Stored Gas, Pyrotechnic, Hybrid, Cold Gas Inflator, Hot Gas Inflator.
By Airbag Position: Knee, Side, Frontal, External, Curtain.
By Vehicle Type: Passenger Vehicle, LCV and HCV.
By Region: Region wise, the global automotive airbag inflators market has been segmented as North America, Europe, Asia Pacific and Rest of the World. Asia Pacific has accounted for the largest market share, in 2016, followed by North America and Europe. Asia Pacific countries such as China, South Korea, Japan and India, are the major manufacturers of airbag inflators.
In Europe and North America, policies regarding road safety, have become the major growth driver. Europe has been witnessing a rise in the sales of luxury vehicles, which has augmented the demand for automotive airbag inflators, here. Also, Germany, U.K. and France being the leading countries in Europe, have fueled the growth of the market in the region. Asia Pacific has been the fastest growing economy in the global market.
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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