Global Automotive Occupant Sensing System Market Outlook to 2023: Global Size, S
Posted by abhi0210 on March 5th, 2018
Report provides Automotive Occupant Sensing System Market data by by Vehicle Type (Passenger Vehicle, Light Commercial Vehicle and Heavy Commercial Vehicle), by Channel (Original Equipment Manufacturer and After Market) and by Regions - Global Forecast To 2023.
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Automotive Occupant Sensing System Companies analyzed in report are: Takata Corporation, Autoliv Inc, Robert Bosch GMBH, Continental AG, Delphi Automotive Plc., Hyundai Mobis Co., Lear Corporation, ZF Friedrichshafen AG, Key Safety Systems Inc., and Volvo AB.
Automotive Occupant Sensing System Industry 2018 To 2023 Market Analysis:
Automotive Occupant Sensing System has been witnessing steady growth over a period of time. Automotive occupant sensing systems basically detects the presence of individuals in the vehicle, based on which the amount of deflation or inflation is required by airbags in case of an accident. Increasing demand for safety features in automobiles, stringent government norms and rapidly rising safety awareness among individuals are some of the factors primarily driving the automotive occupant sensing system market.
With the New Car Assessments Program awarding safety ratings based on vehicles safety performance, automotive manufacturers have been increasingly integrating automotive occupant sensing system in vehicles. Earlier available only in premium vehicles, automobile manufacturers have started integrating these features in entry level vehicles as well to broaden their customer base thus propelling the demand in the automotive occupant sensing system market. The automotive occupant sensing system market is expected to register a CAGR of 6.52%.
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The market for Automotive Occupant Sensing System systems is expected to grow with an increase in demand for automobile, majorly in the United States. There is an immense demand of commercial vehicles in United States. With the increase in demand of commercial vehicles there is an increase in demand for Automotive Occupant Sensing System market.
The growth of the North America region is also driven by the presence of major automotive system manufacturers which are mainly focusing on key developments such as expansion, mergers & acquisition, product launch and others. Moreover, the spending of much of the time in Vehicles by the people generates the need for adoption of advanced technologies, such as Automotive Occupant Sensing System systems. Owing to all these factors, the growth of the region is expected to grow at a rapid pace.
Due to the presence of most populous countries of the world such as China and India among others, the dominance of APAC becomes evident in the global Automotive Occupant Sensing System systems market value. The market has been experiencing rapid growth in the last two years owing to the rising sales of passenger cars, emerging economies, shifting of global players and technological advancements are giving a much needed thrust to the Automotive Occupant Sensing System systems market.
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