The Global Automatic Airbag Inflators Market is expected to grow at a CAGR of nearly 3% during the forecasting period (2022-2029).
Automotive policies are made in which vehicles with airbags are compulsory because, according to WHO, approximately 1.35 million people die each year due to road accidents. Some rules and regulations are mandated the vehicle and passenger safety, which is expected to boost the airbag inflators market.
The airbag is a safety device that is used in cars. It is designed in such a way that it quickly deflates during the impact or collision. This pack consists of an airbag cushion, impact sensor, inflation module, and flexible fabric bag. The airbag is made of thin nylon fabric folded into the steering wheel, dashboard, seat, and door are as per recent regulation. The sensor is used to activate the bag to inflate, and inflation occurs due to collision, and force is equal to running into a brick wall at 10 to 15 miles. A mechanical switch is flipped when a mass shifts to close electrical contact, and then sensors receive information from an accelerometer and instantly activate. The airbag’s inflation system reacts with sodium azide (NaN3) with potassium nitrate (KNO3) to produce nitrogen gas, and hot blasts of the nitrogen inflate the airbag. An inflator inflates the bag with gas in about 0.02 seconds, less than a blink of an eye.
The airbag inflator market is expected to increase due to awareness about vehicle safety and more stringent passenger safety standards. Before driver and vehicle safety, the vehicle was manufactured with some safety standards, including power brakes, windshields, robust and robust vehicle bodies with great importance on consumer safety in general; equal attention was given to vehicle performance and driver well-being. The need to develop different airbags was to protect the lives of all the passengers inside the moving vehicle in any situation. Moreover, today's automotive market is buyer-centric, so automotive manufacturing provides unique quality/features for safety/enhancing brand image and staying in the competition. This is expected to drive the market.
However, limited expertise and availability, technical issues with airbags associated costs with service, repair, and replacement are the reason for the decrease in the market's growth. Accidental airbag deployment while the vehicle is being maintained can result in severe injury, and an inappropriately installed or defective airbag unit may not operate or perform as intended. Some countries impose limitations on the sale, transport, handling, and service of airbags and system elements. For instance, in Germany, airbags are regulated as harmful explosives; only mechanics with special training can service airbag systems.
Automatic Airbag Inflators Market Segment Analysis
The market is segmented into driver airbags, passenger airbags, curtain airbags, knee airbags, pedestrian protection airbags, side airbags, and others by airbag type. By inflator type, the market is segmented into pyrotechnic, stored gas, hybrid. The market is segmented into compact cars, mid-size cars, MPV & LCV, SUV, and other vehicle types.
A pyrotechnic inflator uses a self-sustained material capable of undergoing exothermic chemical reactions to produce sufficient gas thrust, which helps inflate the airbag. Owing to the low cost of manufacture and high production rates, it is expected pyrotechnic inflators will boost the market growth of automatic airbag inflators in the forecast period.
The frontal airbag position is commonly used. The airbag position is positioned in such a way that it can absorb maximum oncoming impact and require less time for integrating with the dashboard mechanism.
Asia-Pacific has been adopting the rules and regulations as declared and mandates airbags in all passenger cars and light-duty trucks. Due to it, Asia-Pacific has become the largest market of airbag inflators in the forecast period. However, some countries in the Asia-Pacific region have already been following the Euro NCAP footsteps. For instance, the Indian government has mandated the driver-side airbag in every vehicle, and companies made it the standard feature of the car. Besides, China and Japan are expected to remain the major markets for airbag inflators. In contrast, India is expected to be the new growth engine of the growing region’s demand for airbag inflators. China is the world’s largest light vehicle with many promotional initiatives taken by the government, such as advertisements and highway hoardings.
Moreover, the population of China and India combines to form one-third population of the total world. Besides, both these countries have an ever-growing middle class in need of a personal vehicle. Thus, in general, the Asia Pacific region will be the next automotive hub globally, requiring enhanced safety features like airbags. With its near century-old car manufacturing facilities, the Europe region has some of the best automobiles coming out of its stable. Such high-end cars require increased driver safety features such as airbags.
Europe and North America are also likely to generate favourable growth opportunities in the coming years. The overall penetration of airbags is comparatively very high in North America and Europe than that of Asia-Pacific, owing to the stringent passenger safety standards.
The automatic airbag inflators plastics market is a moderated fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Autoliv, Takata, ZF Friedrichshafen AG, Joyson Safety Systems, Toyoda Gosei Co., Ashimori Industry Co., ARC Automotive, Daicel Corporation, TRW Automotive, Key Safety Systems are the major player in the automotive airbag inflators market. The major players adopt several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the automatic airbag inflators market globally.
According to Bloomberg, Takata was the only manufacturing airbag, which includes ammonium nitrate. This chemical helps Takata to make smaller airbags than its competitors, but it has serious drawbacks. Takada made about 4.5 million NADI airbags. But because they had been discontinued almost 20 years before the recall, automakers believe much fewer are still on the road. NADI airbags with the potential defect were used in certain 1995 through 2000 model years. BMW, Audi, Honda, Mitsubishi, and Toyota have all issued recalls of older models that used the design.
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