Occupant Classification System Market: Rising Vehicle Parc Statistics Present Lucrative Opportunities

Posted on 2019-07-02 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-02 — /EPR Network/ —

“Automotive safety sensing systems for occupant detection and classification have been in the automotive industry for past few decades. Modern discriminating consumers continue to demand robust sensing solutions in automobiles. The success of auto OEMs to mass produce occupant sensing systems and declining costs of sensing technologies are likely to translate into industry profitability,” says a senior analyst at Fact.MR.

Unit sales of occupant classification system are estimated to surpass 205 billion units in 2018, a 5.8% Y-o-Y growth in 2018 over 2017. Overall growth of the occupant classification system can be attributed to,

Growing emphasis on installation of passenger protection system in automobiles
Stringent legislative environment and consistent incentives from New Car Assessment Programme (NCAP)
Consistent innovations in sensing technology landscape backed by significant adoption of the automation environment

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As installation of passenger presence detection system can be found in a larger number of four-wheel drives, increasing sales of passenger cars have spurred the revenues of occupant classification system significantly. The study estimates that passenger car segment will occupy over two-third of the occupant classification system demand in 2018.

Rising Vehicle Parc Statistics Present Lucrative Opportunities for Occupant Classification System Market

An evident rise in the number of vehicles in operation (VIO) and growing emphasis on installation of automated safety features in automobiles present opportunities for occupant classification system manufacturers. According to the International Organization of Motor Vehicle Manufacturers (OICA), statistics of passenger car sales reached 71 million whereas commercial vehicle sales crossed 25 million in 2017, signifying the growing vehicle ownership across the globe.

Growing population of discriminating consumers with increased purchase power consistently seek advanced safety features in their automobiles purchase. As most mid-sized passenger car models are now equipped with advanced occupant classification system, rising number of vehicles on road is likely to augur well for occupant classification system manufacturers.

OEM Occupied a Hefty 92% of Global OCS Unit Sales in 2017, Status-Quo Prevails in 2018

The hegemony of OEMs in the occupant classification system market continues as the nature of product demands greater reliability and accuracy. As OCS marketplace has witnessed a number of recalls related to erroneous occupant sensing technology, sales of originally manufactured sensors are likely to increase. Fact.MR study opines that OEMs will continue to sell over 9 out of 10 occupant classification systems in 2018, leaving the rest to the aftermarket.

Competitive Landscape

This section of the occupant classification system market report delivers vital insights on the occupant classification system market competition dynamics in terms of a comprehensive list of key companies and in-depth company profiles including information on product portfolio, market revenue share, global presence and notable business developments.

Few of the profiled players in the occupant classification system market include Robert Bosch GmbH, TE Connectivity, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Aptiv, IEE Sensing and Joyson Safety Systems among others.

The occupant classification system market players are leveraging product development, partnership with distributors and collaboration strategies to increase their market share.

Flexpoint Sensor Systems, Inc., a leading provider of occupant classification system has partnered with two of the prominent U.S. auto manufacturers who targeting to incorporate Flexpoint’s occupant classification system technologies – seat sensor technology and pedestrian impact sensor system in their 2020 production model.

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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