? ccupant classification systems (OCS) is built to detect the presence of the passenger on the seat. This system identifies existence and physique of the passenger. Classification sensors prevents the airbag from opening in case the system finds a non-living object present on the seat. Stringent safety norms from regulatory bodies to pass the NCAP test ratings is one of the driving factors. Occupant classification systems market is expected to grow remarkably in the near future.
MARKET SCOPE
The "Global Occupant Classification Systems Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the occupant classification systems market with detailed market segmentation by component, sensors type, vehicle type and geography. The report provides key statistics on the market status of the leading occupant classification systems market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on component, the global occupant classification systems market is segmented into sensors, airbag control unit and others.
? On the basis of sensors type, the market is segmented into pressure sensor, weight sensor, airbag sensors and seat belt tension sensor.
? Based on vehicle type, the market is bifurcated into fully electric, hybrid and ICE.
MARKET DYNAMICS
Drivers
? Growing awareness regarding safety during driving.
? Rising urbanization and increasing per capita disposable income to boost market growth of occupant classification system.
? Increase in the count of OEM's in developing countries.
Restraints
? Inconsistency in NCAP safety ratings from one region to another.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The occupant classification systems market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the occupant classification systems market in these regions.
IMPACT OF COVID-19 ON OCCUPANT CLASSIFICATION SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Pandemic of COVID-19 brought several travel restrictions, thus limiting the movement of individuals from one place to another. Also, due to economic crisis, purchasing capacity of the buyer is hit considerably, impacting the demand for occupant classification system. However, this market is expected to accelerate post pandemic.
MARKET PLAYERS
The report covers key developments in the occupant classification systems market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from occupant classification systems market are anticipated to lucrative growth opportunities in the future with the rising demand for occupant classification systems in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the occupant classification systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? IEE S.A.
? Robert Bosch GmbH
? Aptiv
? TE Connectivity
? Nidec Corporation
? Aisin Seiki Corporation
? Denso Corporation
? Flexpoint Sensor Systems
? CTS CORPORATION
? Continential AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.