An occupant classification system categorizes the weight or mass of a front seat passenger and automatically turns off the front passenger airbag in certain circumstances. The market for occupant classification systems in the Asia Pacific is anticipated to hold the maximum share globally and is projected to register a considerable CAGR in the future.
Occupant Classification System (OCS) Market: Growth Factors
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
The occupant classification system (OCS) market is projected to grow rapidly in the future, owing to the increasing awareness of vehicle safety systems in China and India. As per the WHO, around 1.24 million mortalities are caused by road accidents annually. Car accidents are the major cause of death worldwide, which is likely to force the automotive suppliers to offer improved vehicle safety in their vehicles. There is a significant need to identify the position and weight of the occupant to prevent any kind of injuries owing to airbag impacts. The growing deployment of developed smart airbag systems which is further likely to lead towards the advancement of the passive occupant detection systems and is expected to fuel the global occupant classification system (OCS) market.
This market is likely to grow in most of the developed regions, such as European countries as well as in the U.S. In these regions, governments have made these systems compulsory in all car/vehicle models. Countries like China and India have huge growth potential in this sector, as there are promising airbag safety rules in Asian countries. While there are considerable growth prospects for the global occupant classification system (OCS) market, some aspects can restrict the market development to some extent. Several governments are likely to offer mandatory regulations for these kinds of systems, which will force the automotive suppliers to execute these systems in their cars in a cost-effective manner. This will increase costs and may negatively impact automotive sales.
Global Occupant Classification System (OCS) Market: Segmentation
By sensor, the occupant classification system (OCS) market is fragmented into seat belt tension sensor and pressure sensor. In terms of component, the occupant classification system (OCS) market is bifurcated into sensors and airbag control units. In terms of light-duty vehicle class, the global market is classified into mid-size, economy, and luxury. The occupant classification system (OCS) market is also segmented into EV Type.
Global Occupant Classification System (OCS) Market: Regional Analysis
The occupant classification system (OCS) market in the Asia Pacific region is anticipated to hold the largest market share and show a considerable CAGR in the upcoming years. This regional dominance can be accredited to the escalating vehicle production in the region and the rising implementation of highly developed safety and security technologies in vehicles. The growth in the number of leading OEMs and automotive component producers in the emerging economies of India and China will also fuel the occupant classification system (OCS) market in the Asia Pacific over the estimated timeframe.
Global Occupant Classification System (OCS) Market: Competitive Players
Some main participants in the occupant classification system (OCS) market are Bosch, ZF, TE Connectivity, IEE Sensing, and Aptiv, among others.
Global Occupant Classification System (OCS) Market: Regional Segment Analysis
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