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 2025-2033,” the global automotive airbag inflator market size reached USD 5.2 Billion in 2024. 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 USD 7.3 Billion by 2033, expanding at a CAGR of 3.9% during 2025-2033.
Market Summary:
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
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 |
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) |
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