Market Scope
In terms of volume, the child presence detection system market is projected to reach 57,762.6 thousandunits by 2035, registering a 47.31% CAGR during the forecast period.
The report covers segmentation and drivers for a better glimpse of the market in the coming years.The child presence detection system market is driven by factors such as an increasing number of deaths of children trapped in hot vehicles and an increase in the sale of SUVs and luxury vehicles.
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Dominant Key Players on Child Presence Detection System Market covered are:
- Infineon Technologies AG
- Continental AG
- Robert Bosch GmbH
- Denso Corporation
- ZF Friedrichshafen AG
- Magna International Inc
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Segmentation
An increasing number of deaths of children trapped in hot vehicles and an increase in the sale of SUVs & luxury vehicles is expected to spur market growth. The global child presence detection system market has been segmented based on sensor type, vehicle propulsion, sales channel, and vehicle type.
Based on sensor type, the global market has been segmented into ultrasonic, radar, pressure, and others. In 2020, the ultrasonic segment accounted for the largest market share of 40.27%, with a market size of 78.3 thousandunits. It is projected to register a 35.04% CAGR during the projected timeframe.
Based on vehicle propulsion, the global market has been segmented into electric vehicles and ICE vehicles. In 2020, the ICE vehicle segment accounted for the largest market share of 81.16%, with a market size of 157.7 thousand units. It is projected to register a 36.22% CAGR over the forecast period.
Based on sales channel, the global market has been segmented into OEM and aftermarket. In 2020, the OEM segment accounted for the largest market share of 68.55%, with a market size of 133.2 thousandunits. It is projected to register a 49.83% CAGR during the projected timeframe.
Based on vehicle type, the global market has been segmented into hatchback, sedan, SUV, and MUV. In 2020, the SUV segment accounted for a considerable market share of 40.43%, with a market size of 78.6 thousand units. It is projected to register a 44.85% CAGR over the forecast period.
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Regional Analysis
North America is anticipated to be the largest contributor to the child presence detection system market. This includes the US, Canada, and Mexico. The most significant factor driving the market's growth is the rising demand for design safety improvements in the automobile sector, which has significantly contributed to the growth of the child presence detection system market in this region. Furthermore, growing awareness regarding heatstroke-induced deaths in cars has boosted the child presence detection system market growth. Several manufacturing companies in North America are significantly adopting advanced technologies to enhance their business operations. The region has been swift to implement new technology for the automotive sector.
Europe is predicted to account for a high market share in the child presence detection system market. The safety of the drivers and passengers on their journey is a key focus for many of the technological innovations being introduced into cars. New safety features are being promoted by consumer-protection groups and mandated by governments to avoid and mitigate accidents. Several European countries have witnessed an increase in the adoption of radar sensors in cars, and emerging countries are preparing for the same trends.
The demand for in-vehicle radar sensors detecting infants or pets inside the vehicle is anticipated to rise as the number of new cars installing these sensors would result in an increased demand for child presence detection systems in the coming years.
Segmentation of Market covered in the research:
Information by XX and Region (North America, South America, Europe, Asia- Pacific, and Middle East & Africa)
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