Global Automotive Airbag Inflator Market to Reach US$ 7.2 Billion by 2032, Accelerated by Increasing Sales of EVs

June 29, 2023 | Automotive Industry

According to the latest report by IMARC Group, titled “Automotive Airbag Inflator Market Report by Type (Driver Airbag, Passenger Airbag, Curtain Airbag, Knee Airbag, Pedestrian Protection Airbag, Side Airbag), Operation (Pyrotechnic, Stored Gas, Hybrid), Vehicle Type (Passenger Car, Commercial Vehicle), and Region 2024-2032,” the global automotive airbag inflator market size reached US$ 5.0 Billion in 2023. An automotive airbag inflator is a crucial component of the airbag system of a vehicle. It contains a small explosive charge or pyrotechnic device triggered by sensors that detect a crash in the vehicle. It is installed in the steering wheel, dashboard, or door panels of automobiles. It is responsible for rapidly inflating the airbag in the event of a collision or impact to provide protection to the occupants.

Global Automotive Airbag Inflator Market Trends:

The increasing inclination towards electric vehicles (EVs) on account of rapid urbanization and inflating income levels represent one of the primary factors driving the demand for automotive airbag inflators around the world. Moreover, rising consumer preferences for autonomous and luxury vehicles that are equipped with advanced safety features like comprehensive airbag systems due to the growing focus on driver and passenger safety and the increasing number of fatal road accidents is influencing the market positively. In addition, there is a rise in funding marketing and branding campaigns to create product awareness and brand loyalty and introduce innovative designs. This, coupled with the growing number of strategic mergers and acquisitions (M&As), partnerships, or collaborations with other firms to leverage higher market reach, is creating a positive outlook for the market. Apart from this, measures undertaken by governing agencies of numerous countries to mandate the installation of airbags in vehicles are favoring the growth of the market. Looking forward, the market value is projected to reach US$ 7.2 Billion by 2032, expanding at a CAGR of 4% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into driver, passenger, curtain, knee, pedestrian protection, and side airbags. Presently, curtain airbags hold the largest market share.
  • On the basis of the operation, the market has been segregated into pyrotechnic, stored gas, and hybrid. Pyrotechnic currently accounts for the biggest share in the market.
  • Based on the end user, passenger cars dominate the market, followed by commercial vehicles.
  • Region-wise, the market has been classified into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, Asia Pacific enjoys the leading position in the market.
  • The competitive landscape of the market has also been examined, with some of the key players being ARC Automotive Inc., Autoliv Inc., Daicel Corporation, Joyson Safety Systems, and Nippon Kayaku Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Types Covered Driver Airbag, Passenger Airbag, Curtain Airbag, Knee Airbag, Pedestrian Protection Airbag, Side Airbag
Operations Covered Pyrotechnic, Stored Gas, Hybrid
Vehicle Type Covered Passenger Car, Commercial Vehicle
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered ARC Automotive Inc., Autoliv Inc., Daicel Corporation, Joyson Safety Systems, Nippon Kayaku Co. Ltd., etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

134 N 4th St.
Brooklyn, NY 11249, USA
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Automotive Airbag Inflator Market to Reach US$ 7.2 Billion by 2032, Accelerated by Increasing Sales of EVs
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More