About Electric Vehicle Airbag Inflator
Airbag inflator is that section of an automobile’s airbag inflator device which generates gasoline to inflate the airbags. An airbag is the most necessary security machine in an automobile. There are special sorts of airbags mounted in an automobile, such as driver bags, passenger bags, aspect bags, curtain bags, knee bags, and roll-over bags. An inflator inflates the bag with gasoline in about 0.02 seconds, much less than a blink of an eye. The features of an airbag inflator are: Provide an enough storage for inflation material, Respond to the sign furnished by way of sensors by using injecting gasoline into the airbag in case of a collision or a crash.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Electric Vehicle Airbag Inflator market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autoliv Inc. (Sweden), Joyson Safety System (United Kingdom), Robert Bosch GmbH (Germany), Toyoda Gosei Co. Ltd. (Japan), Nippon Kayaku (Japan), Jinzhou Jinheg Automotive Safety System Co. Ltd. (China), TRW Automotive (United States), Aptiv PLC (United States), Daicel Corporation (Japan) and ARC Automotive Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Electric Vehicle Airbag Inflator market by , Application (Curtain airbags, Frontal airbags, Knee airbags and External airbags) and Region.
On the basis of geography, the market of Electric Vehicle Airbag Inflator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Inflator, the sub-segment i.e. Pyrotechnic Inflator will boost the Electric Vehicle Airbag Inflator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle, the sub-segment i.e. Passenger Vehicles will boost the Electric Vehicle Airbag Inflator market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Road Accidents, Rising Safety Concerns among Customers and Stringent Government Regulations to Ensure the Production of Safe Vehicles
Market Growth Drivers:
Growing Need for Customized Curtain Airbags and Increased Use of Airbag Safety Systems in All Types of Vehicles
Challenges:
High Price and the Technical Difficulties Involved In Storing and Releasing the Compressed Gas
Restraints:
High Cost of Airbags and Rising Development of Substitute Safety Technologies
Opportunities:
Rise In Number of Road Accidents and the Execution of Strict Safety Regulations as Per Government Policies
Market Leaders and their expansionary development strategies
In February 2019, Autoliv Inc., a world leader in automotive safety systems, announced that it produced its billionth airbag inflator today at its Brigham City facility and celebrated with 1,200 employees who make parts that save lives.
In 2021, Toyoda Gosei Co., Ltd. has developed a driver-side airbag with a new shape that can extra safely guard the occupant. This airbag is used on the new Honda Civic that was once launched in North America in June 2021.
Key Target Audience
Electric Vehicle Airbag Inflator Manufacturers, Raw Material Suppliers, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.