Automotive Airbag Inflators Market in India
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- Date Submitted: 09/20/2016 11:34 PM
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21th September 2016 – Navi Mumbai, India: Market Report on India present the latest report on “Automotive Airbag Inflators Market in India”, It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Automotive Airbag Inflators Market: Highlights
An airbag is the most important safety device in an automobile. There are different types of airbags installed in an automobile such as driver bags, passenger bags, side bags, curtain bags, knee bags, roll-over bags, and others. The market for airbag has been growing at a higher pace than that of automotive market due to increasing awareness towards passenger safety.
The automotive airbag inflators market promises good growth opportunity and is likely to grow at a CAGR of 3.8% during the forecast period of 2016 to 2021 to reach $4.8 billion in 2021. Expected growth in automotive production, introduction of more bags per car, growth in Asia Pacific, and increasing safety standards across the globe are the major drivers of airbag inflators market.
Currently, pyrotechnic inflators are the most dominant type in the global automotive airbag inflators market. Compact cars, MPVs, and LCVs are expected to offer a robust growth opportunity for airbag inflators in the global automotive industry.
Asia Pacific is set to experience the highest growth in the coming years with most of the growth coming from developing nations including India and China. China is the world’s largest light vehicle manufacturer. With its CNAP (China’s New Car Assessment Program) initiatives, the Chinese government has mandated the use of seat belts and frontal airbags. The number of airbags in vehicles in China is expected to reach the same...
The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Automotive Airbag Inflators Market: Highlights
An airbag is the most important safety device in an automobile. There are different types of airbags installed in an automobile such as driver bags, passenger bags, side bags, curtain bags, knee bags, roll-over bags, and others. The market for airbag has been growing at a higher pace than that of automotive market due to increasing awareness towards passenger safety.
The automotive airbag inflators market promises good growth opportunity and is likely to grow at a CAGR of 3.8% during the forecast period of 2016 to 2021 to reach $4.8 billion in 2021. Expected growth in automotive production, introduction of more bags per car, growth in Asia Pacific, and increasing safety standards across the globe are the major drivers of airbag inflators market.
Currently, pyrotechnic inflators are the most dominant type in the global automotive airbag inflators market. Compact cars, MPVs, and LCVs are expected to offer a robust growth opportunity for airbag inflators in the global automotive industry.
Asia Pacific is set to experience the highest growth in the coming years with most of the growth coming from developing nations including India and China. China is the world’s largest light vehicle manufacturer. With its CNAP (China’s New Car Assessment Program) initiatives, the Chinese government has mandated the use of seat belts and frontal airbags. The number of airbags in vehicles in China is expected to reach the same...