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ZF, Aisin, Magna, BorgWarner, Allison, Eaton, and Divgi TorqTransfer Systems collectively held a significant market share of 32% in the automotive airbag inflator industry in 2024. Autoliv remains a leading player in the automotive airbag inflator industry by continuously innovating its product portfolio. The company focuses on advanced inflator technologies, such as lightweight and eco-friendly inflators, to address emerging industry trends.
Autoliv’s recent development of the Bernoulli Airbag module highlights its commitment to efficiency and safety. Strategic collaborations with global automakers and significant investments in R&D enable Autoliv to deliver cutting-edge solutions. The company’s strong presence in key markets, including Europe, China, and North America, ensures its competitive edge through technological leadership and adherence to stringent safety regulations.
Daicel maintains its market competitiveness by offering a diverse range of advanced airbag inflator solutions, including pyrotechnic and hybrid inflators. The company prioritizes innovation, focusing on lightweight and high-performance inflators to meet growing safety requirements. Daicel leverages its extensive manufacturing capabilities and global partnerships with OEMs to strengthen its market position.
The company’s focus on sustainability drives the adoption of eco-friendly propellants in its inflator technologies. By expanding its footprint in emerging markets like Asia-Pacific and enhancing production efficiencies, Daicel continues to deliver cost-effective and reliable solutions, ensuring sustained growth and competitiveness in the global market.
Major players operating in the automotive airbag inflator industry are:
The OEM segment accounted for 71% of the market share in 2024, due to the integration of advanced inflators during vehicle production to meet stringent safety regulations.
The market size of automotive airbag inflator reached USD 5.4 billion in 2024 and is set to grow at a 4.3% CAGR from 2025 to 2034, driven by advancements in lightweight inflator technologies to enhance vehicle efficiency.
China's market held 36% of the revenue share in 2024, led by high automotive production, government safety initiatives like C-NCAP, and rising demand for safer vehicles.
The key players in the market include Autoliv, Daicel, ZF, Joyson Safety Systems, Toyoda Gosei, and Nippon Kayaku.