Automotive Inflator Market Size by Deployment, by Applications, by Type, by End-User & by Technology 2032
Global Automotive Inflator Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The automotive inflator market is experiencing significant growth, driven by increasing safety concerns and technological advancements. In 2024, the market was valued at approximately USD 12.5 billion and is projected to reach USD 19.5 billion by 2030, reflecting a compound annual growth rate (CAGR) of 5.2% during this period.
Key factors contributing to this expansion include:
- Enhanced Safety Regulations: Governments worldwide are implementing stricter safety standards, mandating the inclusion of advanced airbag systems in vehicles.
- Technological Innovations: The development of more efficient and smart inflator designs is propelling market growth.
- Rising Vehicle Production: Especially in regions like Asia Pacific, increased vehicle manufacturing is boosting the demand for automotive inflators.
From my personal experience, having a reliable tire inflator has been indispensable. On a road trip through remote areas, a sudden drop in tire pressure could have left me stranded. However, with a portable inflator, I was back on the road in minutes, underscoring the importance of this tool for every vehicle owner.
Market segmentation reveals that passenger cars dominate the demand for airbag inflators, accounting for a significant share of the market. In 2024, the passenger car segment generated around USD 3.5 billion and is expected to grow significantly over the forecast time frame. This trend is expected to continue as consumers prioritize safety features in their purchasing decisions.
Geographically, the Asia Pacific region leads the market, with a valuation of USD 2.85 billion in 2023. The region's dominance is attributed to its status as an automotive hub, with countries increasing vehicle production annually. The post-COVID-19 preference for personal mobility further accelerates this growth.
In conclusion, the automotive inflator market is on an upward trajectory, fueled by regulatory measures, technological advancements, and rising vehicle production. For consumers, investing in quality inflators not only ensures compliance with safety standards but also provides peace of mind during unforeseen circumstances.
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Who are the largest Global manufacturers in the Automotive Inflator industry?
- PSI
- Dana Limited
- Hendrickson (Boler Company)
- Nexter Group (KNDS Group)
- STEMCO (EnPro Industries)
- Tire Pressure Control International
- Aperia Technologies
- Pressure Guard (Servitech Industries)
- PTG (Michelin)
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Automotive Inflator Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Inflator Market
- Personal
- Commercial
What are the types of Automotive Inflator available in the Market?
Based on Types the Market is categorized into Below types that held the largest Automotive Inflator market share In 2023.
- Portable
- Fixed
Which regions are leading the Global Automotive Inflator Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Automotive Inflator Market Research Report, 2024-2032
1. Introduction of the Global Automotive Inflator Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Automotive Inflator Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Automotive Inflator Market, By Type
6. Global Automotive Inflator Market, By Application
7. Global Automotive Inflator Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Automotive Inflator Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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