Occupant Classification System Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2019–2025

Report Code: ZMR-4202 | Report Format : | Status : Upcoming |

Abstract

Global Occupant Classification System Market: Overview

Occupant classification system is a kind of passenger safety system formulated to determine the presence of passengers as per their seats. These systems are present in each vehicle manufactured in the current times and are helpful for security purpose also.

Global Occupant Classification System Market: Growth Factors

A paradigm shift witnessed in the automotive industry along with the developments of autonomous driving, electrification, connectivity, and smart mobility observed in this industry will propel the overall occupant classification system market size. Apart from this, vehicular safety has been a key area of focus for vehicle manufacturers as a result of rise in the death causalities from car collisions. This, in turn, is set to enhance the acceptance of front airbags leading to massive surge in occupant classification system market. Furthermore, introduction of new technologies such as advanced driver assistance systems, artificial intelligence, shared mobility, and internet of things in newly manufactured cars will ensure the safety of the drivers as well as passengers, thereby further leveraging the growth exponentiation of the occupant classification system market. Competiveness witnessed in the automotive sector along with lucrative growth experienced in automotive electronics will vivify the expansion of occupant classification system industry.

Global Occupant Classification System Market: Segmentation

The overall occupant classification system market can be segmented into technology, vehicle type, and component. Technology wise, the industry is classified into strain gauge, pressure sensitive tape system, and bladder technologies. Vehicle type wise, the occupant classification system market is segregated into luxury, economic, and mid-range vehicle types. Component wise, the occupant classification system sector is divided into sensor and ECU components.

Global Occupant Classification System Market: Regional Analysis

Based on region, the overall occupant classification system market can be divided into five main regions: The Middle East and Africa, North America, Asia Pacific, Europe, and Latin America. Asia Pacific occupant classification system industry is projected to dominate the growth of the global industry, subject to presence of giant car manufacturers including Maruti Suzuki Desire, Mahindra KUV 100, and Toyota Elios.  In addition to this, many of the renowned vehicle manufacturers as well as vehicle part manufacturers have made Asia Pacific their base for producing new kinds of cars due to availability of tax benefits and cost-effective manpower available in the region.        

Europe is the most vital market for occupant classification system and it will demonstrate an escalating growth in the region, owing to rise in the disposable income of the population, growing need to inculcate safety features in vehicles, and large number of Nordic countries ranked in the top  world happiness report index. Additionally, large-scale presence of giant luxury vehicle manufacturers in the region will amplify the growth map of the occupant classification system industry.

North America and Latin America market have bright growth prospects and will contribute profitably toward the overall market size in the next decade.

Global Occupant Classification SystemMarket: Competitive Players

Few of the main participantsin occupant classification system market are Flexpoint Sensor Systems, Aisin Seiki,Denso, Robert Bosch, Continental AG, and ZF Friedrichshafen AG.

Global Occupant Classification System Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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