Automotive occupant sensing system has been witnessing steady growth over a period of time. Automotive occupant sensing systems basically detect the presence of individuals in the vehicle, based on which the amount of deflation or inflation is required by airbags in case of an accident. Rising demand for safety features in automobiles, stringent government norms, and rapidly rising safety awareness among individuals are some of the factors primarily driving the automotive occupant sensing system market.
With the New Car Assessments Program awarding safety ratings based on vehicles safety performance, automotive manufacturers have been increasingly incorporating automotive occupant sensing system in vehicles. Earlier available only in premium vehicles, automobile manufacturers have started integrating these features in entry level vehicles so as to broaden their customer base. This propels the demand in the automotive occupant sensing system market. The automotive occupant sensing system market is expected to register a CAGR of almost 9%.
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Key Players of Automotive Occupant Sensing System Market:
The key players of global Automotive occupant sensing system market are Autoliv (Sweden), Robert Bosch (Germany), Continental AG (Germany), Takata Corporation (Japan), Delphi Automotive Plc.(U.K.), Hyundai Mobis Co.(South Korea), Lear Corporation (U.S.), ZF Friedrichshafen AG (Germany), Key Safety Systems Inc.(U.S.), and Volvo AB (Sweden).
Global Automotive Occupant Sensing System Market:
The market for Automotive OSS is expected to grow with an increase in demand for automobile, majorly in the United States. There is an immense demand of commercial vehicles in United States, which has increased the demand for Automotive Occupant Sensing System market. The growth of the North America region is also driven by the presence of major automotive system manufacturers, which are mainly focusing on key developments such as expansion, mergers & acquisition, product launch and others. Moreover, the spending of much of the time in Vehicles by the people, generates the need for adoption of advanced technologies, such as Automotive OSS. Owing to all these factors, the growth of the region is expected to grow at a rapid pace.
1.2 Scope Of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
3.5 Macroeconomic Indicators
4 Market Factor Analysis
4.1 Porter’s Five Forces Model
4.1.1 Bargaining Power Of Suppliers
4.1.2 Bargaining Power Of Customer
4.1.3 Intensity Of Competitor’s
4.1.4 Threat of New Entrants
Market Research Analysis:
The presence of most populous countries of the world such as China and India, has made the dominance of APAC in the global Automotive Occupant Sensing System market value, apparent. The market has been experiencing rapid growth in the last two years, owing to the rising sales of passenger cars, emerging economies, shifting of global players, and technological advancements. These factors are giving the much needed thrust to the Automotive Occupant Sensing System market. Other major reasons behind APAC leading the global market are the countries within this region being able to sustain the economy during the global economic crisis of 2008-09, and the ability to showcase continued growth in automobile production and sales across the globe.
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