PUBLISHER: TechSci Research | PRODUCT CODE: 1881549
PUBLISHER: TechSci Research | PRODUCT CODE: 1881549
We offer 8 hour analyst time for an additional research. Please contact us for the details.
The Global Automotive Airbag Inflator Market, valued at USD 22.50 Billion in 2024, is projected to experience a CAGR of 6.29% to reach USD 32.45 Billion by 2030. An automotive airbag inflator is a vital safety component engineered to rapidly generate gas, predominantly nitrogen, facilitating the instantaneous deployment of an airbag cushion during a vehicular collision to protect occupants. The market's growth is primarily driven by increasingly stringent global vehicle safety regulations mandating advanced passive safety systems, coupled with heightened consumer awareness regarding vehicle safety features and crash test ratings.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 22.50 Billion |
| Market Size 2030 | USD 32.45 Billion |
| CAGR 2025-2030 | 6.29% |
| Fastest Growing Segment | Pedestrian Protection Airbag |
| Largest Market | Asia Pacific |
Key Market Drivers
The global automotive airbag inflator market is substantially driven by increasingly stringent global automotive safety regulations and the sustained expansion of global vehicle production and sales. Regulatory bodies worldwide consistently update safety mandates, requiring vehicle manufacturers to integrate advanced passive safety systems. This directly influences the design and increased fitment of airbag systems and their corresponding inflators. For instance, according to Autoliv, in its Annual and Sustainability Report for 2024, the company's products saved approximately 37,000 lives and reduced around 600,000 injuries in 2024, highlighting the tangible effectiveness of safety technologies driven by these regulations.
Key Market Challenges
Cost constraints associated with integrating airbag inflator technologies represent a notable challenge to market expansion. These financial considerations can directly hinder the widespread adoption of such components, particularly in vehicle segments where pricing is a primary determinant for consumer purchasing decisions. Manufacturers operating within these segments face pressure to maintain competitive retail prices, which often limits the inclusion of higher-cost safety features.
Key Market Trends
The increasing integration of hybrid and stored gas inflator systems represents a pivotal shift in automotive safety technology. These advanced inflators offer enhanced control over deployment characteristics and precision in gas generation, providing a more tailored response to varying crash severities. Their compact design and efficiency also support evolving vehicle interior architectures. This trend is underscored by significant industry investment, as Daicel Corporation in January 2024 revealed plans for a new manufacturing facility for advanced hybrid airbag inflators, anticipating over 8 million units annually from this facility by 2027 to meet growing demand. This strategic focus on hybrid and stored gas technologies allows for more sophisticated occupant protection systems.
In this report, the Global Automotive Airbag Inflator Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Airbag Inflator Market.
Global Automotive Airbag Inflator Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: