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Future Trend & Forecast of Global Occupant Classification System Market by Manufacturers, Regions, Type and Application, Forecast to 2025

Occupant Classification System Market is anticipated to be worth over USD 3 billion by 2025. The occupant classification system market growth can be attributed to the need for restraining systems for airbag forces.

 

Sellbyville, DE -- (SBWIRE) -- 06/17/2019 -- Global Market Insights, Inc. has released a new research study on Occupant Classification System Market Analysis 2019-2025 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast time frame. The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.

Autoliv, Denso, Delphi Technologies, Hyundai Mobis, Bosch, Schneider Electric, Takata are among the prominent players in global Occupant Classification System Market.

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Occupant Classification System Market is anticipated to be worth over USD 3 billion by 2025. Airbags have become a crucial feature for vehicle safety systems, reducing road accidents significantly. However, airbag impacts have injured several occupants, especially children & infants, according to the National Highway Traffic Safety Administration.

The technological advancements in automotive electronics have influenced product developments & innovations in the occupant classification system market. Automotive manufacturers are relying more on the electronics & sensor systems to enhance safety. Moreover, the emergence of autonomous vehicles and connected car technologies have boosted developments in sensor technologies. The evident rise in the global automotive sector and the need for advanced safety features are expected to drive market growth.

The majorly used technologies in the occupant classification system market include a strain gauge system, bladder system, and pressure sensitive tape system. The pressure sensitive tape system is implemented mostly in luxury cars. The electronic-field sensing, 3D camera, and ultrasonic sensors are some of the recent advanced technologies being developed by manufacturers. Robert Bosch, TE Connectivity, Joyson Safety Systems, and IEE Sensing are the prominent players in the occupant classification system market. Several models of Honda, Chevrolet, Chrysler, Buick, and Ford have been embedded with occupant classification systems. Nissan has its own brand, Calsonic Kansei, which develops the occupant classification system mostly used on Nissan vehicles.

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The economy class vehicles segment will increasingly implement these systems creating high growth potential for the occupant classification system market. Consumers are demanding extended safety systems in cars with growing awareness of road safety. The developing countries have witnessed a growing popularity of economy vehicles due to an increase in the population of the middle-class. Moreover, the increase in disposable income and economic developments in these countries are expected to influence the occupant classification system market.

The demand for luxury cars has increased, particularly in the Asia Pacific region. Automakers, including Audi and Mercedes-Benz, have recorded growing sales in countries such as India. According to the International Organization of Motor Vehicle Manufacturers (OICA), around 71 million passenger cars were sold in 2017, which is anticipated to drive the occupant classification system market.

Browse key industry insights spread across 155 pages with 173 market data tables & 22 figures & charts from the report, "Occupant Classification Systems (OCS) Market Size By Technology (Strain Gauge, Bladder, Pressure Sensitive Tape System), By Vehicle Type (Economic, Mid-range, Luxury), By Component (ECU, Sensor), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, Russia, Sweden, Poland, China, India, Japan, Taiwan, South Korea, Thailand, Brazil, Mexico, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/occupant-classification-system-market

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