Global Automotive Occupant Sensing System Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Automotive Occupant Sensing System Market 2021 (Includes Business Impact of COVID-19)
Global Automotive Occupant Sensing System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global automotive occupant sensing system market report has been segmented on the basis of type, vehicle type, sales channel, and region.
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The global Automotive Occupant Sensing System market size was valued at USD$ 2.92 billion in 2020 and is projected to reach UDS$10.06 billion by 2030, and is anticipated to expand at a CAGR of 11.84% over the forecast period from 2020 to 2030.


Global Automotive Occupant Sensing System Market: Overview


Automotive occupant sensing system identifies or senses the presence of occupants, type, and position of occupants in the vehicle, in order to activate or deactivate safety measures such as airbags. The system employs sensors such as ultrasonic sensors and infrared sensors, to sense motion, thermal properties, and distance of the occupant.


Global Automotive Occupant Sensing System Market: Dynamics


Increasing demand for luxury or premium vehicles, stringent safety norms, and growing concern of consumer for automotive safety technologies are some factors expected to drive growth of the target market. Moreover, governing and regulatory bodies are constantly promoting comfort and safety technologies to reduce injuries occurring during an accident. Increase in a number of accidents is encouraging to adopt advanced safety systems. Governments and regulatory authorities of several nations implemented stringent regulations in order to ensure the safety of its occupants. Furthermore, regulatory bodies of various countries make airbags mandatory, which is driving the automotive occupant sensing system market.  In addition, New Car Assessments Program (Global NCAP) tests new cars and gives them a safety rating as per vehicle performance, thus propelling demand for automotive occupant sensing system.

A recent trend observed in the target market is automotive manufacturers are focusing to produce advanced collision detection and avoidance systems by implementing technologies such as occupant sensing system (OSS) and whiplash protection system (WPS) to enhance vehicle dynamic controls. In addition, occupant sensing systems directly connect the device with the internet to facilitate or transfer data. Smart sensors and technological advancements helping companies as well as the customers to save energy bills.

However, the possibility of malfunction of sensors may hamper demand for the products and restrain growth of the global automotive occupant sensing system market over the forecast period.


Global Automotive Occupant Sensing System Market: Segment Analysis


Among the type segments, the occupant detection systems segment is estimated to account for higher revenue shares in the global market.

Among the vehicle type segments, the passenger vehicles segment is expected to account major revenue share in the global market.

Among the sales channel segments, the OEM segment is anticipated to register a considerable growth rate over the forecast period.


Global Automotive Occupant Sensing System Market: Region Analysis


Among the regions, the market in North America is expected to account for a significant share in terms of revenue in the global market, owing to increase in demand for automobiles, high investments in R&D activities, stringent regulatory regulations, and norms regarding passenger safety & comfort in the region. For instance, the US Department of Transportation (DoT) is focusing to reduce transportation fatality and injury rates. Furthermore, DoT  gives a rating as per the safety & security of the vehicles.

The market in the Asia Pacific is expected to grow at a substantial growth rate, owing to increase in safety regulations, increasing vehicle sales & safety installations per vehicles, along with increasing purchasing power in India, China, and Thailand in this region.

Global Automotive Occupant Sensing System Market Segmentation:

Segmentation by Type:

  
Occupant detection systems
  
Occupant weight measurement systems

Segmentation by Vehicle Type:

  
Passenger vehicles
  
Commercial Vehicles

Segmentation by Sales Channel:

  
OEM
  
Aftermarket


Key Market Players included in the report:


  
Autoliv Inc.
  
Continental AG (Germany)
  
Delphi Automotive Plc.
  
Flexpoint
  
FURUKAWA ELECTRIC CO.LTD.
  
Hamamatsu Photonics K.K.
  
Hyundai Mobis Co.Ltd.
  
IEE
  
Key Safety Systems Inc.
  
LeddarTech Inc.
  
Robert Bosch (Germany)
  
Safety Systems Inc.
  
Schneider Electric.
  
LeddarTech Inc.
  
Takata Corporation
  
Texas Instruments Incorporated
  
Volvo
  
ZF Friedrichshafen AG


Below are the key development related to Automotive Occupant Sensing System Market in 2020 and 2021.


May 2021: Emotion-detection software startup Affectiva acquired for $73.5M. Smart Eye, the publicly traded Swedish company that supplies driver monitoring systems for a dozen automakers, has acquired emotion-detection software startup Affectiva for $73.5 million in a cash-and-stock deal. Affectiva, which spun out of the MIT Media Lab in 2009, has developed software that can detect and understand human emotion, which Smart Eye is keen to combine with its own AI-based eye-tracking technology. The companies’ founders see an opportunity to expand beyond driver monitoring systems — tech that is often used in conjunction with advanced driver assistance systems to track and measure awareness and into the rest of the vehicle. Together, the technology could help them break into the emerging “interior sensing” market, which can be used to monitor the entire cabin of a vehicle and deliver services in response to the occupant’s emotional state. Source