According to “Automotive Occupant Sensing System Market 2019 Global Size, Share, Trends, Regional Analysis and Industry Outlook Report” published by Market Research Future, The Global Automotive Occupant Sensing System Market to grow at 6.52% CAGR by 2023. Automotive Occupant Sensing System Industry 2019 Report Segments Market for Automotive Occupant Sensing System by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle), Channel (Original Equipment Manufacturer and After Market) and Region.
Global Automotive Occupant Sensing System Key Players Analyzed in Report –
Players leading the global automotive occupant sensing system market are Autoliv Inc, Takata Corporation, Robert Bosch GMBH, Delphi Automotive Plc., Continental AG, Hyundai Mobis Co., ZF Friedrichshafen AG, Lear Corporation, Key Safety Systems Inc., and Volvo AB., among others.
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Global Market Highlights:
Automotive Occupant Sensing System has been witnessing steady growth over a period. Automotive occupant sensing systems basically detects 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. The automotive occupant sensing system market is witnessing a steady growth; mainly due to the increasing demand for safety features, stringent government norms, and rapidly rising safety awareness among individuals. Huge advancements in the technology used in the safety systems define the market landscape of occupant sensing systems.
The automotive occupant sensing system market appears to be highly competitive owing to the presence of numerous well-established players having the international and global presence. Brand reinforcement, mergers & acquisitions, and innovation remain the key trends for these leading players. Vendors strive to develop low-cost, compact systems, emphasizing on improved hardware.
Government bodies are promoting driver and passenger safety technologies to eliminate injuries which occur during an accident. The growing number of fatal injuries is prompting consumers to adopt advanced safety technologies which are driving the market growth. Moreover, rising adoption of advanced passenger safety technologies due to their role in reducing fatal injuries during an accident is augmenting the growth of automotive occupant sensing system market.
Owing to the increased sales and hence the production of automobiles over the past few years, the occupant sensing systems are garnering massive market prominence, worldwide, and its market is growing pervasively at a rapid pace on the global platform.
Market Segments Analysis:
The global automotive occupant sensing system market has been segmented based on channel, vehicle type, and region.
By mode of channel, the global automotive occupant sensing system market has been segmented into aftermarket and original equipment manufacturer. Among these, the original equipment manufacturer (OEM) accounts for the largest share in terms of revenue and is anticipated to maintain its dominance during the review period.
By mode of vehicle type, the global automotive occupant sensing system market has been segmented into commercial vehicle and passenger vehicle. Among these, the passenger cars account for the largest market share owing to the increasing number of fatal injuries caused by accidents.
Regional Market Insights:
North America would remain the largest region in the global automotive occupant sensing systems market. Massive demand for passenger safety features, substantial technological advancements, and the early adoption of advanced technology drive the market growth in the region.
Due to the presence of most populous countries of the world such as China and India among others, the dominance of APAC becomes evident in the global Automotive Occupant Sensing System systems market value. 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 are giving a much needed thrust to the Automotive Occupant Sensing System systems market. Another major reason behind APAC leading the global market is that the countries within this region were able to sustain its economy during the global economic crisis of 2008-09 and have been able to showcase continued growth in automobile production and sales across the globe.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3 Research Methodology
3.1 Primary Research
3.2 Secondary Research
3.3 Market Size Estimation
3.4 Forecast Model
3.5 List Of Assumptions
3.6 Limitations Of The Study
4 Market Insights
5 Market Dynamics
5.2 Market Drivers
5.3 Market Restraints
5.4 Market Opportunities
5.5 Porter’s Five Forces Analysis
5.5.1 Threat Of New Entrants
5.5.2 Bargaining Power Of Buyers
5.5.3 Bargaining Power Of Suppliers
5.5.4 Threat Of Substitutes
5.5.5 Intensity Of Rivalry
5.6 Value Chain/Supply Chain Analysis
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