Automotive Occupant Sensing System Market by Size, Growth, Trends and Forecast – 2031

Automotive Occupant Sensing System Market 2022

Automotive Occupant Sensing System Market to Grow Past US$ 2 Billion by End 2024; OEM Channel Much Larger than Aftermarket Sales Channel. The automotive occupant sensing systems market is on track to grow with a CAGR of 6.9% from 2017 to 2022.

This published report for Automotive Occupant Sensing System Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Automotive Occupant Sensing System Market also offers the previous historical data along with the forecast from 2020 to 2024. The assessment of Automotive Occupant Sensing System Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2020-2024.

To remain ‘ahead’ of your competitors, request for a Sample@ https://www.persistencemarketresearch.com/samples/3480

Key Companies-

• Takata Corporation
• Autoliv Inc.
• Robert Bosch
• Continental AG
• Delphi Automotive PLC
• Hyundai Mobis Co.,Ltd.
• Key Safety Systems Inc.
• Lear Corporation
• ZF Friedrichshafen AG
• Volvo
• Others.

For critical insights on this market, request for customization here @ https://www.persistencemarketresearch.com/request-customization/3480

Increasing personal mobility across the world has unfortunately led to rising cases of accidents and road traffic fatalities, especially in emerging economies where safety standards are less stringent than in developed countries. It isn’t surprising that customers have begun to demand seatbelts and airbags in their vehicles as a built-in accessory and not an optional extra. Automotive occupant sensing systems are critical in sensing the presence of a driver or passenger seated inside a vehicle and are required to control the airbag activator systems. The automotive occupant sensing systems control, disable or enable the inflation of the airbag in the case of an accident. Adequate information enables the airbag activator control system to function seamlessly and save millions of lives annually.

• The passenger side segment has a revenue share of roughly a third of the mounting location segment of automotive occupant sensing systems market in 2017 and is expected to gain substantial share during the study period. The passenger side segment is likely to be worth more than US$ 725 million by the end of the year 2022. Nonetheless, the driver side segment is where the bulk of the action lies as it accounts for approx. half the revenue share in automotive occupant sensing systems market. The driver side segment has great scope in Latin America as the region is estimated to record the highest CAGR for the five-year study period

• The OEM sales channel dwarfs the aftermarket channel in automotive occupant sensing systems market. Automotive occupant sensing systems are typically fitted by the OEM’s themselves and are hardly ever fitted by aftermarket channels. The OEM channel is particularly prominent in North America and the North America OEM channel market should near US$ 600 million by end 2022. The aftermarket channel is much smaller in comparison and represents marginal revenue share in automotive occupant sensing systems market. Companies specializing in the aftermarket sales channel would be advised to devise customized strategies to reach customers and be successful in automotive occupant sensing systems market

• A similar potential exists in the light and heavy commercial vehicles segment as both have roughly equivalent revenue share in automotive occupant sensing systems market. Heavy commercial vehicles inch past their light counterparts though and companies are recommended to take this into account while devising their strategies. The North America heavy commercial segment could well touch US$ 80 million at the end of the forecast period as the region has minimal rail infrastructure and most transportation is on their well-developed highways

• The companies profiled in automotive occupant sensing systems market report are Volvo AB, ZF Friedrichshafen AG, Lear Corporation, Hyundai Mobis Co., Delphi Automotive Plc., Continental AG, Robert Bosch GMBH, Autoliv Inc., and Takata Corporation

For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/3480

Contact us:

Persistence Market Research

1-2-1 Kinshi Arca Central Building 14/F Tokyo,

130-0013 Japan

Call 0800-222-1088

Transparency Market Research is here to provide companies a one-stop solution with regards to bettering customer experience.