Pune, India, October, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Automotive Occupant Sensing System Market Research Report.
Market Scenario
The global automotive occupant sensing system market is presumed to register 6.52% CAGR during the assessment period (2016-2023), owing to the growing demand for safety features in automobiles, asserts Market Research Future (MRFR). Automotive occupant sensing system detects the presence of an individual in a vehicle, based on which the amount of inflation or deflation is necessary by airbags in case of an accident. The system employs two or more sensors such as infrared or ultrasonic sensors to sense the thermal properties, motion, and the distance of the occupant.
Drivers and Constraints Impacting the Market
With the growing demand for safety features in automobiles, strict government mandates, and increasing safety awareness among the individuals, the global market for automobile occupant sensing system is considered to foster during the review period. Government bodies are promoting driver and passenger safety technologies to eliminate injuries which occur during an accident. The growing number of fatal injuries is prompting consumers to adopt advanced safety technologies which are driving the market growth. Moreover, rising adoption of advanced passenger safety technologies due to their role in reducing fatal injuries during an accident is augmenting the growth of automotive occupant sensing system market.
On the flip side, the possibility of malfunction of such sensors is one of the major constraints considered to impede the market growth in the coming years. Moreover, ultrasonic and infrared sensors are highly affected by the surrounding conditions and the weather and are expected to provide wrong output to the ECU. Such factors are likely to retard the market growth during the review period.
Global Automotive Occupant Sensing System Market: Segmental Analysis
The global automotive occupant sensing system market has been segmented on the basis of channel, vehicle type, and region.
By mode of channel, the global automotive occupant sensing system market has been segmented into aftermarket and original equipment manufacturer. Among these, the original equipment manufacturer (OEM) accounts for the largest share in terms of revenue and is anticipated to maintain its dominance during the review period.
By mode of vehicle type, the global automotive occupant sensing system market has been segmented into commercial vehicle and passenger vehicle. Among these, the passenger cars account for the largest market share owing to the increasing number of fatal injuries caused by accidents.
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Regional Insights
Geographically, the automotive occupant sensing system market span across Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Among all the regions, North America is estimated to dominate the global market for automotive occupant sensing system owing to the rising demand for automobile. Also, major automotive system manufacturers in this region focus on key developments like mergers and acquisitions, expansion, product launch, and others. Moreover, people in this region spend their maximum time in vehicles which generates the need for adoption of such advanced technologies.
Asia Pacific is likely to register a significant growth rate owing to the presence of some of the most populous countries in this region such as India and China. The market in this region is witnessing rapid growth in the last couple of years due to emerging economies, growing sales of passenger cars, technological advancements, and shifting of global players.
Industry News
October 17, 2018: ZF has recently announced that it is developing a 3D interior observation system which is capable of detecting and classifying vehicle occupants. It can determine their location, size, and position, and whether they are in active control of the vehicle via the steering wheel or monitoring the automated driving systems.
Competitive Dashboard
The major players operating the global market are Takata Corporation, Lear Corporation, Hyundai Mobis Co., Continental AG, Key Safety Systems Inc., Volvo AB, ZF Friedrichshafen AG, Robert Bosch GMBH, Autoliv Inc, and Delphi Automotive Plc.
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Report details
| Base Year | 2018 |
| Companies Covered | 15 |
| Pages | 111 |
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