Automotive Occupant Sensing System Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2168
Automotive Occupant Sensing System Market share is expected to grow at significant rate over the forecast timeline. Capability to sense the positioning and classification of the passenger sitting on the vehicle seat is the biggest advantage of these systems. Moreover, they help the airbag system and controls the amount of intensification an airbag requires, while any sort of accident takes place while driving. Passenger safety is the utmost responsibility of any company.
Safety norms, technological advancements and new car assessment program (NCAP) that gives safety ratings according to the performance. High usage of occupant sensing in commercial sector includes offices, classrooms, and corridors for saving energy and enhanced delivery of performance will further impact the industry growth positively.
Complexities of automotive safety applications are likely to pose a challenge before the industry participants over the coming years. Delivering precise and reliable outcome coupled with lack of standardization may further pose a threat to the industry participants.
Automotive safety has become more advanced and sophisticated over the period. The industry is inclined towards regular innovations for reduction of accidents. Governments as well as the consumers have contributed towards the safety attributes of the vehicles.
Technology used in occupant sensing systems directly connects the device with the internet to facilitate data transfer over network. Using smart sensors and technology is helping the companies as well as the customers save money on their energy bills. Proper information will help the airbag to function properly and save the person. Currently, all the vehicles are equipped with the airbag system.
Automotive sensing starts with securing data on key vendors. The vendors offering are also analyzed for the market segmentation. The stringent safety norms have compelled the manufacturers to provide occupant sensing system in the vehicles. Rising disposable income level has encouraged the people to invest for their safety and security. Environmental factors such as clothing can affect the sensor performance.
Sensors used in vehicles such as sensor for temperature, position sensor, speed and pressure sensor etc. are implemented for safety measures. Automotive occupancy sensors are adjusted automatically. They decrease the maintenance cost. The new wireless sensors provide ease in installation.
Industry is divided by mounting location into passenger side and driver side occupant sensing system. Some of the vehicles are consists of child seat occupant sensing system. These sensors are majorly found in commercial vehicles and its other applications are used in airplanes, light and heavy commercial vehicles.
North America is anticipated to dominate the industry over the next eight years. stringent regulatory norms regarding passenger safety will primarily drive the region’s growth. For instance, U.S. Department of Transportation (DoT) will rate the manufacturers according the safety & security which will make it tougher for the companies to achieve the top ratings.
Asia Pacific will witness a significant growth owing to implementation of safety measures in developing countries including Thailand, China and India. These regulations and rising consumer awareness for safety is increasing the vehicle sales and simultaneously escalating the demand for automotive occupant sensing system market in the region. Europe will grow owing to presence of numerous product suppliers in the region.
Automotive occupant sensing market is highly consolidated dominated by few players. Lutron Electronics, Leviton Manufacturing Company, Texas Instruments, Hyundai Mobis Co, Key Safety Systems Inc and Volvo AB are among the prominent players in the industry. Industry participants are focusing on technological innovations such as micro phonic sensor, and image processing sensor to gain competitive edge.
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