Global Occupant Classification System Market

Global Occupant Classification System Market was valued 1.60 Bn in 2017 and is estimated to reach US$ 3.85 Bn by 2026 at a CAGR of about 11.6 % during a forecast period. The Occupant Classification System Market is segmented into the light-duty vehicle class, electric vehicle type, component, sensor type, and geography. Based on the light-duty vehicle class, Global Occupant Classification System market is categorized into Economy Class, Mid-Size Class, and Luxury Class. By electric vehicle type, Occupant Classification System Market is divided into Battery Electric Vehicle, Fuel Cell Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Hybrid Electric Vehicle. Based on the component, Occupant Classification System Market is classified into Airbag Control Unit and Sensors. By Sensor Type, Occupant Classification System Market is fragmented into Pressure Sensor and Seat Belt Tension Sensor. Based on geography, the Occupant Classification System Market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa and Latin America. The driving factor for the occupant classification system market is increase 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. High cost and developing technology will be the restrains for Occupant Classification System Market. In terms of light-duty vehicle class, a Mid-Size Class segment will hold higher demand due to rise in mid-size vehicle production and its advanced safety feature with sensors enable feature is expected to boost the demand in the market for occupant classification system market. In component, the Airbag control unit will grow fastest due to found in a variety of passenger cars and other types of vehicles. Airbag holds the largest market since its Increase in production of vehicles and already equipped with a smart airbag. Asia Pacific is expected to grow at the highest CAGR during the forecast period. The market growth in the region can be attributed to the increased vehicle production, high demand for luxury vehicles, growing safety concerns. Also, the production expansions made by automobile manufacturers to meet the rising consumer demand globally, increasing use of advanced sensors, and improve the safety measures are likely to boost the Occupant Classification System Market in the region. Some of the major key players in the Occupant Classification System Market includes Aisin Seiki, Bosch, Orscheln Products, TE Connectivity, ZF, Continental, Aptiv, Robert Bosch, Denso, Autoliv, Nidec Corporation, IEE Sensing, TCS Corporation, Joyson Safety Systems, Keihin Corporation, Calsonic Kansei Corporation, Shanghai Shanben Industrial E.&I. Co., Ltd., Flexpoint Sensor Systems, Mayser and Vmanx with brand portfolio expansion, mergers, collaborations and acquisitions are the key strategies adopted by the top players.

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