Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
The Global Occupant Classification System Market is growing due to the emerging vehicle safety system and increasing road accidents
The global occupant classification system market has the potential to grow with USD 3.2 billion with fueling CAGR in the forecast period from 2020-2027. The emerging demand for occupant classification systems owes to the emerging technology in vehicles, increasing safety equipment, and sensors in cars due to road accidents are fueling the adoption of the occupant classification system.
The occupant classification sensor used to determine the occupancy status of a vehicle seat and installed between a seat foam and a seat cotton cover. An occupant detection system is including a controller, an airbag, and the occupant classification sensor. The occupant classification system also includes a first sensing electrode located in the bottom of the vehicle seat and another sensing electrode located in the back of the vehicle seat.
Electrical circuits use for triggering passive safety arrangements, e.g., airbags, safety belt tighteners, in case of vehicle accidents or impending vehicle accidents. It includes means for detecting the presence or position of passengers, passenger seats or child seats, and the related safety parameters.
Therefore, the emerging vehicle and mobile sector driving the demand for the occupant classification system to provide the safety of the driver and co-passengers. Thus, bolstering technology has made it possible by automating all the operations in the vehicle mechanical and ensure safety and security.
Sensor overview in the Global Occupant Classification System Market
Based on the sensor, the global occupant classification system market classified into Pressure Sensor, Seat Belt Tension Sensor. The seat belt tension sensor segment accounted for the largest share in the global occupant classification system market. It is mainly owing to the government's strict rules and regulations stated in many parts of the world to wear a seat belt while driving is a must. Therefore, a seatbelt tension sensor is increasing its demand for the occupant classification system market.
Components overview in the Global Occupant Classification System Market
Based on the components, the global occupant classification system market categorized into ACU, Sensors. The airbag control unit (ACU)segment estimated to dominates the maximum share of the global occupant classification system market in the forecast period. The airbag control unit is required to install in the vehicle. It mainly due to the safety it provides to the passengers in case of an accident.
Sensor Technology overview in the Global Occupant Classification System Market
Based on the sensor technology, the global occupant classification system market bifurcated into Wired, Wireless. Wireless technology dominated the largest market share in the universal occupant classification system market. The wireless sensor technology is bolstering as these are easy to install and ensure safety and ringing alarm in the car in case of its absence.
Light-Duty Vehicle overview in the Global Occupant Classification System Market
Based on the light-duty vehicle, the global occupant classification system market classified into Economy, Mid-Size, Luxury. Mid-size, the segment has dominated the largest share in the global occupant classification system market. Mid-size vehicle demand is increasing as many European companies are manufacturing it with advanced features and install the occupant classification system in it.
Electric Vehicle overview in the Global Occupant Classification System Market
Based on the Electric vehicle, the global occupant classification system market segmented into BEV, HEV, PHEV, FCEV. The hybrid electric vehicle (HEV) is capturing the largest market in the global occupant classification system market. It is mainly due to the technology advancement and many countries adopting hybrid vehicles for its advanced safety features and control that are bolstering the demand for the occupant classification system in the global market.
Region overview in the Global Occupant Classification System Market
Based on geography, the global occupant classification system market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is capturing the largest market share of the global occupant classification system market. It mainly owes to the substantial investment done by the government for the adoption of electric vehicles, and new safety rules have established to increase the safety and security of vehicles and passengers.
Global Occupant Classification System Market: Competitive Landscape
Companies such as ZF, Bosch, IEE Sensing, TE Connectivity, Aptiv, and others are key players in the global occupant classification system market.