Occupant Classification System Market Size

Occupant Classification System Market Size

Occupant Classification System Market size estimated at USD 2 billion in 2018 and will grow at a CAGR of 7% from 2019 to 2025.

Vehicle safety has become an important area of focus for automotive manufacturers owing to the increasing mortalities due to car accidents and it has resulted in the adoption of front airbags contributing towards the occupant classification system market growth. In addition, several governments around the world are pushing the automotive industry to integrate more advanced safety systems into cars, further influencing the market. These can help in suppressing the high impact of airbag forces and preventing injuries, especially in children and small-sized occupants.

Most of the developed countries have made it mandatory to deploy such systems. The U.S. has provided a mandatory regulation for all cars and trucks made after 2006 to have airbags, creating lesser risks of injuries to occupants. Moreover, the immense growth of automotive electronics has given a boost to the market. People with high disposable incomes in regions such as Europe have become more demanding about the vehicle safety. The awareness about active & passive safety is expected to further drive the industry growth.