Dissimilar Trends and Developments across Global Occupant Classification System Market Outlook: Ken Research
An occupant classification system classified the load or mass of a front seat traveller and automatically turns off the front traveller airbag in bound adverse circumstances. The occupant classification system (OCS) is a part of the air bag system and named as the supplemental restraint system. The outbreak of COVID-19 across the world impacts in slow down of varied economies and producing of traveller and commercial vehicles which is hindering the expansion of occupant classification systems. Distribution of air bags has considerably lowered the driver and passenger fatalities.
According to the analysis,’ Global Occupant Classification System Market to reach USD 2.94 Billion by 2026.’ States that the occupant classification system is significantly needed in vehicles while air bag deployed to identify the position and weight of the occupant and prevent the driver from any kind of injuries owing to airbag impacts. Thus, the essential application of occupant classification system in vehicles and rising mortalities due to car accidents is driving the growth of market over the forecast years. For instance: as per World Health Organization (WHO) Nearly 1.25 million people die in road crashes each year, on average 3,287 deaths a day, that cost loss of around USD 518 billion globally. Additionally, the favorable government initiatives regarding installation of advanced safety systems into vehicles is anticipated to fuel moneymaking thrust to the market expansion over the upcoming years. Not only has this the companies are working on developing new products to have a competitive advantage over their counterparts. Many of the leading suppliers in the occupant classification system market focus on strengthening the distribution network by partnerships with other companies. Major market player included in this report are ZF Friedrichshafen AG, Continental AG, AIsin seiki Co Ltd., Robert Bosch GmbH, IEE Sensing, Aptiv PLC, Denso Corporation, Autoliv Inc., TE Connectivity and ON Semiconductor. The detailed segments and sub-segment of the market are explained below By Sensor into Seat belt tension sensor and Pressure sensor. By Component into Sensors and Air-bag Control Units. By Light Duty Vehicle Class into Mid-Size, Economy and Luxury. By Electric Vehicle Type into Battery Electric Vehicle, Fuel cell Electric Vehicle, Hybrid Electric Vehicle and Plug-in Hybrid Electric Vehicles. The occupant classification system market players are also leveraging product development, partnership with distributors and collaboration strategies to increase their market share.
Based on geographical distribution, the occupant classification system market is divided into North America, Europe, Asia Pacific, Middle East, and Africa and Latin America. Asia Pacific is anticipated to grow at the best rate throughout the forecast amount. The market growth within the region can be attributed to the exaggerated vehicle production, high demand for luxury vehicles, growing safety concerns. Also, the production expansions created by automobile makers to satisfy the rising client demand globally, increasing use of advanced sensors, and improve the safety measures are likely to spice up the Occupant Classification System Market in the region.
Furthermore, increasing vehicle production and its installation of OCS in economy class-vehicles for active and passive safety in developing countries, Vehicle safety norms getting stringent by the day in many countries which is one of the most important factors leading to the increasing deployment of occupant classification systems. Thus, it is anticipated that the market will boost up in the flowing years.
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Ankur Gupta, Head Marketing & Communications