Occupant Classification System Market to offer a healthy CAGR of 8.2% during 2020-25
February 11, 2020
Occupant Classification System Market Overview:
Occupant classification system market size is likely to witness an impressive CAGR of 8.2% during the forecast period. Owing to the strict safety norms led by the New Car Assessment Program (NCAP), there is a high growth of the occupant classification system market across the globe. Likewise, safety standards are soon to be implemented in the emerging economies, such as India, China, and Brazil, which is going to further influence the occupant classification system market globally.
Report Overview:
This report from Stratview Research studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Occupant Classification System Market Segment Insights:
Seatbelt Tension Sensor: The growth engine
Based on the sensor type, the market is segmented as pressure sensor and seat belt tension sensor. The seat belt tension sensor segment holds the larger share of the occupant classification system market due to the adoption of passive safety standards in an automobile along with the imminent government directives in the emerging economies. The pressure sensor segment is estimated to register a faster growth in the coming five years. Further, the sensors segment is anticipated to witness the fastest growth during the forecast period. Sensors form an integral part of the occupant classification system mechanism in an automobile.
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Dominance of: mid-size class
Based on the light-duty vehicle type, the market is segmented as economy class, mid-size class, and luxury class. The mid-size class is projected to register the largest share of the market in the coming five years. The growing installation of occupant classification system in mid-size and luxury class of vehicles further drives the growth of the global occupant classification system market.
A highly/moderately/fragment consolidated Market
Some of the occupant classification system manufacturers are Aisin Seiki Co., Ltd., TE Connectivity, ZF Friedrichshafen AG, Continental AG, Aptiv PLC, Robert Bosch GmbH, Denso Corporation, Autoliv Inc., Nidec Corporation, TCS Corporation, Joyson Safety Systems, Keihin Corporation, Calsonic Kansei Corporation, Shanghai Shanben Industrial E.&I. Co., Ltd, and Flexpoint Sensor Systems.
Regional Hegemony of Asia-Pacific
Asia-Pacific is expected to remain the largest market for occupant classification systems in the coming five years. The market is driven by the rising automobile production, adoption of safety features, and the presence of top-notch OEMs along with automotive component suppliers in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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