Market Analysis
The automotive occupant sensing system market is projected to develop at a 6.52% CAGR between 2016- 2023, states the recent Market Research Future (MRFR) analysis. The automotive occupant sensing system helps to sense or identify the presence of type, occupants, and position of occupants in the car to deactivate or activate safety measures like airbags. This system employs sensors like infrared sensors and ultrasonic sensors to sense thermal properties, sense motion, and the occupant’s distance. The heavy commercial vehicle, light commercial vehicle, and passenger vehicle are the different types of vehicles where these systems are used. Aftermarket and original equipment manufacturers are its different channels.
On the contrary, the malfunction of sensors and the on-going COVID-19 outbreak are factors that may impede the global automotive occupant sensing system market growth over the forecast period.
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Various factors are propelling the global automotive occupant sensing system market share. According to the recent MRFR report, such factors include growing demand for a premium or luxury vehicles, strict safety norms, rising concern for automotive safety technologies, regulatory and governing bodies constantly promoting safety technologies and comfort to reduce accidental injuries, increasing number of accidents, stringent regulations for occupants safety, airbags being mandatory, and safety rating given to new cars as per the performance of the vehicle. Additional factors adding market growth include automotive manufacturers focusing on offering advanced collision detection & avoidance systems and save energy bills.
Market Segmentation
By channel, the global automotive occupant sensing system market is segmented into aftermarket and original equipment manufacturer. Of these, the original equipment manufacturer channel segment will dominate the market over the forecast period.
By vehicle type, the global automotive occupant sensing system market is segmented into heavy commercial vehicles, light commercial vehicles, and passenger vehicles. Of these, the passenger vehicle type segment is predicted to lead the market over the forecast period.
The MRFR report highlights an inclusive segmental analysis of the global automotive occupant sensing system market based on channel and vehicle type.
Regional Analysis
Based on the region, the global automotive occupant sensing system market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, Latin America, & the Middle East and Africa (MEA). Of these, North America will spearhead the market over the forecast period. Demand for automobile, burgeoning demand for commercial vehicles, the presence of top automotive system manufacturers that are focusing mainly on key developments like a product launch, mergers and acquisitions, and expansion, and adoption of advanced technologies are adding to the global automotive occupant sensing system market growth in the region.
The global automotive occupant sensing system market in Europe is predicted to have sound growth over the forecast period. Presence of several product suppliers, higher adoption of advanced safety & driver assistance technologies like blind spot detection system, adaptive cruise control, and occupant protection system, stringent government regulations, increased per capita income, and growing concerns about in-vehicle safety are adding to the global automotive occupant sensing system market growth in the region.
The global automotive occupant sensing system market in the APAC region is predicted to grow at a fast pace over the forecast period. Growing sales of passenger cars, technological advances, shifting of global players, and growth in automobile sales and production are adding to the global automotive occupant sensing system market growth in the region.
The global automotive occupant sensing system market in Latin America and the MEA is predicted to have steady growth over the forecast period.
Key Players
Notable players profiled in the global automotive occupant sensing system market report include Volvo AB, Key Safety Systems Inc., ZF Friedrichshafen AG, Lear Corporation, Hyundai Mobis Co., Delphi Automotive Plc., Continental AG, Robert Bosch GMBH, Autoliv Inc, and Takata Corporation.
Table of content
1 Executive Summary
2 Introduction
2.1 Definition 12
2.2 Scope Of The Study 12
2.3 Assumptions 12
2.4 Key Buying Criteria 13
2.5 Market Structure 13
3 Research Methodology
3.1 Research Process 14
3.2 Primary Research 14
3.3 Secondary Research 15
3.4 Market Size Estimation 15
3.5 Forecast Model 17
4 Market Factor Analysis
4.1 Porter's Five Forces Analysis 18
4.1.1 Threat Of New Entrants 18
4.1.2 Bargaining Power Of Suppliers 19
4.1.3 Bargaining Power Of Buyers 19
Continued………
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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