Global
Occupant Classification System Market is valued approximately USD 1.87 Billion
in 2019 and is anticipated to grow with a healthy growth rate of more than
6.70% over the forecast period 2019-2026. An occupant classification system
categorizes the weight or mass of a front seat passenger and automatically
turns off the front passenger airbag in certain adverse circumstances. The
occupant classification system (OCS) is a part of the air bag system and
referred to as the supplemental restraint system. The outbreak of COVID-19
across the globe impacts in slow down of various economies and manufacturing of
passenger and commercial vehicles that is hampering the growth of occupant
classification systems. Deployment of air bags has significantly reduced the
driver and passenger fatalities. The occupant classification system is
significantly needed in vehicles while air bag deployed to identify the
position and weight of the occupant and prevent the driver from any kind of
injuries owing to airbag impacts. Thus, the essential application of occupant
classification system in vehicles and rising mortalities due to car accidents
is driving the growth of market over the forecast years. For instance: as per
World Health Organization (WHO) Nearly 1.25 million people die in road crashes
each year, on average 3,287 deaths a day, that cost loss of around USD 518
billion globally. In Addition, the favorable government initiatives regarding
installation of advanced safety systems into vehicles is expected to fuel
lucrative thrust to the market growth over the forthcoming period. However,
higher installation cost is the factors hampering the growth of market over the
forecast years.
The
regional analysis of global
Occupant Classification System market is considered for the key
regions such as Asia Pacific, North America, Europe, Latin America, and Rest of
the World. North America is the leading/significant region across the world in
terms of market share owing to the presence of favorable government initiatives
regarding implementation of advanced safety systems into vehicles. Whereas,
Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the
forecast period 2020-2026. Factors such rapid growth in mortalities due to car
accidents in the region would create lucrative growth prospects for the
Occupant Classification System market across Asia-Pacific region.
Major market player included in this
report are:
ZF
Friedrichshafen AG
Continental
AG
AIsin
seiki Co Ltd.
Robert
Bosch GmbH
IEE
Sensing
Aptiv
PLC
Denso
Corporation
Autoliv
Inc.
TE
Connectivity
ON
Semiconductor
The
objective of the study is to define market sizes of different segments &
countries in recent years and to forecast the values to the coming eight years.
The report is designed to incorporate both qualitative and quantitative aspects
of the industry within each of the regions and countries involved in the study.
Furthermore, the report also caters the detailed information about the crucial
aspects such as driving factors & challenges which will define the future
growth of the market. Additionally, the report shall also incorporate available
opportunities in micro markets for stakeholders to invest along with the
detailed analysis of competitive landscape and Technology offerings of key
players. The detailed segments and sub-segment of the market are explained
below:
By Sensor:
Seat
belt tension sensor
Pressure
sensor
By
Component:
Sensors
Air-bag
Control Units
By
Light Duty Vehicle Class:
Mid-Size
Economy
Luxury
By
Electric Vehicle Type:
Battery
Electric Vehicle
Fuel
cell Electric Vehicle
Hybrid
Electric Vehicle
Plug-in
Hybrid Electric Vehicles
By
Region:
North
America
U.S.
Canada
Europe
UK
Germany
Asia
Pacific
China
India
Japan
Latin
America
Brazil
Mexico
Rest
of the World
Furthermore,
years considered for the study are as follows:
Historical
year-2016, 2017, 2018
Base
year-2019
Forecast
period-2020 to 2026
Target
Audience of the Global Occupant Classification System Market in Market Study:
Key
Consulting Companies & Advisors
Large,
medium-sized, and small enterprises
Venture
capitalists
Value-Added
Resellers (VARs)
Third-party
knowledge providers
Investment
bankers
Investors
For More Information, Click on the Link Below:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
No comments:
Post a Comment