Automotive Airbag Inflator Market - Global Industry Size, Share, Trends, Opportunity, & Forecast, 2020-2030

Pedestrian Protection Airbag is the fastest growing segment, Asia-Pacific is the largest market globally

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.

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.

Key Market Players Profiled:

• Autoliv
• ZF TRW
• Joyson Safety Systems
• Toyota Gosei
• Nihon Plast
• Daicel
• Hyundai Mobis
• Ashimori Industry
• Jinheng
• East JoyLong

Report Scope:

In this report, the Global Automotive Airbag Inflator Market has been segmented into the following categories:

By Airbag Type:

• Driver Airbag
• Passenger Airbag
• Curtain Airbag
• Knee Airbag
• Pedestrian Protection Airbag
• Side Airbag

By Inflator Type:

• Pyrotechnic
• Stored Gas
• Hybrid

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Automotive Airbag Inflator Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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