The ‘Global Automotive Occupant Sensing System Market Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global automotive occupant sensing system market, assessing the market on the basis of its segments like type, vehicle type, sales channel, mounting location, and major regions.
Automotive Occupant Sensing System Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.80%
The global automotive occupant sensing system market is expected to register growth during the forecast period on account of technological advancements and rapid innovations in smart sensors. The surging demand for premium and luxury vehicles along with strict safety rules are expected to propel the market growth of automotive occupant sensing systems across the globe.
As airbag deployment systems increasingly become a norm in automotive manufacturing worldwide, the need for efficient and reliable automotive occupant sensing systems will also grow. Incorrect deployment of airbags can result in injury from accidents, reducing the effectiveness of airbags.
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The growing concerns of consumers for automotive safety are likely to support the automotive occupant sensing system market growth over the coming years as consumers are willing to pay more for safety. With an increase in the number of accidents, the demand for automotive occupant sensing systems is likely to fuel. The increasing initiatives by various governments towards safety technology to reduce injuries occurring in accidents are furthering expected to aid the market growth of automotive occupant sensing system across the globe over the forecast period.
Industry Definition and Major Segments
An automotive occupant sensing system acts as a constant observer to monitor the environment within the vehicles for safety, focusing on identifying the presence of passengers. The primary purpose of the occupant sensing system is to be able to deploy airbag activation systems as needed in the case of an accident. Various sensors like cameras, pressure mats, and ultrasonic sensors are used to provide information to the occupant sensing system.
Based on type, the market is segmented into:
• Cameras
• Strain Gauges
• Pressure Mats
• Ultrasonic Sensors
By application, the market is classified into:
• Compact Passenger Cars
• Mid-sized Passenger Cars
• Premium Passenger Cars
• Luxury Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
Based on sales channel, the market is bifurcated into:
• OEM
• Aftermarket
By mounting location, the market is classified into:
• Passenger Side
• Driver Side
• Others
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
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Market Trends
Geographically, North America is anticipated to drive the automotive occupant sensing system market growth on account of the growing strict regulatory rules about passenger safety. The increasing adoption of luxury passenger cars in the region is further expected to enhance the market demand for automotive occupant sensing systems across the region.
Meanwhile, over the coming years the Asia Pacific is projected to gain momentum in the automotive occupant sensing system market growth on account of the surging implementation of safety procedures in emerging economies such as China, India, and Thailand. Such regulations as well as the growing awareness among consumers of safety are likely to enhance vehicle sales. This is further expected to propel the market demand for automotive occupant sensing systems.
In Europe, the market growth of automotive occupant sensing systems is expected to increase with the growing automotive industry. Moreover, the strong presence of several product suppliers and major market players in the region like Robert Bosch GmbH, are expected to drive the market growth of automotive occupant sensing systems in Europe.
Key Market Players
The major players in the global automotive occupant sensing system market report are Continental AG, ZF Friedrichshafen AG, Lear Corporation, Autoliv Inc., DENSO Corporation, Vayyar Imaging Ltd., and Robert Bosch GmbH., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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