Stringent Safety Norms for Vehicles to Pass the NCAP Test Ratings drives OCS market

According to the market research report occupant classification system market by Sensor (Pressure Sensor, Seat Belt Tension Sensor), Components (Airbag Control Unit, Sensors), Light-Duty Vehicle Class (Economy, Mid-Size, Luxury), EV Type, and Region - Global Forecast to 2025, published by MarketsandMarkets™, Occupant classification system manufacturers utilize a good portion of their engineering resources to develop new products or improve existing passive safety systems for the automobile. All these developments are primarily focused on improving the overall safety of vehicle occupants. This, in turn, has resulted in the reduction of vehicle recalls because of faulty passive safety features.

The global occupant classification system market is projected to grow at a CAGR of 6.80% from 2018 to 2025, to reach USD 3.17 billion by 2025.

Don’t miss out on business opportunities in occupant classification system market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=257981931

The mid-size class segment of the occupant classification system market, by light-duty vehicle, is expected to grow at the highest CAGR during the forecast period. It is followed by the luxury class segment. The mid-size class segment is also estimated to account for the largest share of the occupant classification system market, following its increased sales in developing economies. The Asia Pacific region is estimated to account for the largest market share in mid-size class segment.

Browse and in-depth TOC on "occupant classification system market"

85 - Tables

43 - Figures

127 – Pages

Stringent safety norms for vehicles to pass the NCAP test ratings are expected to drive the OCS market. Various government authorities such as the National Highway Traffic Safety Administration (NHTSA) have imposed safety norms for new cars. Similar safety norms are expected to be implemented in developing countries such as India, China, and Brazil in the coming years. The installation of OCS in economy-class vehicles in developing economies can create new revenue generation opportunities for occupant classification system manufacturers.

View more detailed TOC @

https://www.marketsandmarkets.com/Market-Reports/occupant-classification-system-market-257981931.html

Asia Pacific is projected to be the fastest growing market for occupant classification system from 2018 to 2025. The market growth in this region can be attributed to the increasing vehicle production and expansion of leading OEMs and automotive component suppliers. Also, Asia Pacific is projected to be the largest market for occupant classification system from 2018 to 2025. The market growth in the region can also be attributed to factors such as increasing sales of mid-size and luxury vehicles and government initiatives regarding the use of environment-friendly electric vehicles.

Target audience

• Occupant classification system manufacturers
• Automobile organizations/associations
• Compliance regulatory authorities
• Government agencies
• Investors and Venture Capitalists (VCs)
• Raw material suppliers for occupant classification system
• Traders, distributors, and suppliers of occupant classification system

Request Sample Copy @

https://www.marketsandmarkets.com/requestsampleNew.asp?id=257981931

The major players in the global OCS market are ZF (Germany), Bosch (Germany), IEE Sensing (Luxembourg), TE Connectivity (Switzerland), and Aptiv (UK).

Contact: Mr. Shelly Singh MarketsandMarkets™ Inc. 630 Dundee Road Suite 430 Northbrook, IL 60062 Usa : 1-888-600-6441 sales@marketsandmarkets.com