123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Automobiles >> View Article

Occupant Classification System Market,size,share,report (2018 – 2025 )

By Author: Markets and Markets
Total Articles: 58

The increasing awareness about safety in a vehicle has increased the demand for active and passive safety systems. As a result, the automotive industry has witnessed the increasing adoption of active and passive safety systems in a vehicle. Passive safety systems inside the vehicle include airbags, seatbelts, whiplash protection system, and occupant classification system. Occupant protection system features such as airbags and seatbelts reduce the probability of death or severe injuries in a traffic mishap. Airbags in a vehicle have significantly improved the safety of occupants. Occupant classification system manufacturers utilize a good portion of their engineering resources to develop new products or improve existing passive safety systems for the automobile. All these developments are primarily focused on improving the overall safety of vehicle occupants. This, in turn, has resulted in the reduction of vehicle recalls because of faulty passive safety features. The global occupant classification system market is projected to grow at a CAGR of 6.80% from 2018 to 2025, to reach USD 3.17 billion by 2025.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=257981931
The automotive industry is experiencing a paradigm shift in vehicle production from developed economies to developing economies. Increasing population and improving demographic dividend in countries like India, China, Brazil, and South Africa have contributed to the increasing production of economy-class vehicles. Economy-class vehicle contributed around 37% of the total vehicle production in the year 2017 and is expected to grow at a rate of approximately 3% by the year 2025. Currently, most of the economy-class vehicles produced in developing countries are not equipped with OCS. The installation of active and passive safety systems in vehicles largely depends on the government regulations. With the increasing economy-class vehicle production and growing awareness about safety systems among people, OEMs can create new revenue pockets in developing countries.
OCS must be allied with certain innovative technologies such as a camera-based detection system to improve the accuracy of occupant detection. A camera-based detection system can identify the occupant by running certain algorithms. Moreover, some radio frequencies or electromagnetic based technologies can also be leveraged in tandem with sensor-based OCS to identify and classify the passenger accurately.
The mid-size class segment of the occupant classification system market, by light-duty vehicle, is expected to grow at the highest CAGR during the forecast period. It is followed by the luxury class segment. The mid-size class segment is also estimated to account for the largest share of the occupant classification system market, following its increased sales in developing economies. The Asia Pacific region is estimated to account for the largest market share in mid-size class segment.
The sensors segment is estimated to be the fastest growing market for occupant classification system, by component. Modern vehicle safety systems are based on advanced electronics that makes use of sensors for detection. Increase in sales of light-duty vehicles equipped with sensors is expected to drive the growth of occupant classification system.
Speak To Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=257981931

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

Total Views: 44Word Count: 695See All articles From Author

Automobiles Articles

1. Freedom Wheels: Essential Guide To Purchase A Car On The 4th Of July
Author: Wiliams Orchard

2. How Serious Is A Cracked Windscreen? And Should I Consider Windshield Repair Or Replacement?
Author: Sam Lampasona

3. Finding Right Classic Car Rental Near Me
Author: Mark Hale

4. Comfortable Stratford Airport Taxi- Find The Reliable Service Provider
Author: adamsmith

5. Renting Your Own London Gatwick Airport Taxi
Author: william

6. 4 Steps To Take Before You Scrap Your Junk Car
Author: Jackson Harris

7. Automotive Washer System Market Expand At The Fastest Cagr Of 3% During The Forecast Period 2019-
Author: Research Report Insights

8. 3 Ways To Ensure A Safe Ride With A Gps Tracker
Author: Unknown Member

9. Adding Car Stereo Installation To Your Auto Shop
Author: Justin Gabriel

10. Know The Ultimate Impacts Of Collision Repairs Calgary
Author: Rudys Auto Refinishing Collision

11. Auto Repairs: How To Check Out Any Local Garage
Author: Rickey Gregg

12. How To Find Car Shop And Car Repairing Services In Glenview
Author: Kim Jordan

13. How To Take Care Of Your New Car
Author: Joe Fowler

14. Best Areas To Install Security Cameras At Home
Author: Gary Smith

15. Things To Look Before You Purchase Or Hire Box Trailer In Yorkshire
Author: Emma Denton

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: