Skip to main content

Automotive Occupant Sensing System Market Expected to Witness High Growth by 2022

 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 automotive occupant sensing systems market is on track to grow with a CAGR of 6.9% by 2022.

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.

  • 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

Luxury Passenger Cars Sought After in North America

Luxury passenger cars have a large market in North America as consumers there are typically less price-sensitive than their counterparts in emerging economies and often seek out the best available choice. The North America luxury passenger car segment is the only one anticipated to push past a value of US$ 65 million at the end of the forecast period.

A similar opportunity exists in the premium car segment of the automotive occupant sensing system market. Europe closely follows North America in the premium car segment because the continent has a long-standing heritage of manufacturing premium cars and several globally-renowned carmakers have their headquarters on the continent.

For More Info @ https://www.persistencemarketresearch.com/market-research/automotive-occupant-sensing-system-market.asp

Market Segmentation

Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA
Vehicle Type
  • Mid-sized Passenger Cars
  • Luxury Passenger Cars
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Premium Passenger Cars
  • Compact Passenger Cars
Sales Channel
  • OEM
  • Aftermarket
Mounting Location
  • Passenger Side
  • Driver Side
  • Others
    

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Perineal Care Market : Value Chain, Stakeholder Analysis and Trends by 2032

 The perineal care market is a segment of the healthcare industry that focuses on products and services designed to maintain hygiene and manage health concerns in the perineal area. The perineal region includes the genital and anal areas, and effective perineal care is crucial for maintaining personal comfort and preventing various health issues, particularly in aging populations and individuals with limited mobility. One of the primary drivers of the perineal care market is the growing aging population worldwide. As people age, they may experience mobility issues, incontinence, and an increased risk of developing conditions like pressure ulcers. Proper perineal care is essential in preventing complications and maintaining the quality of life for elderly individuals, leading to increased demand for perineal care products and services. In addition to the elderly population, perineal care is vital in healthcare settings, particularly in hospitals and long-term care facilit
Post a Comment
Read more

U.S. Automotive and Aircraft Interior Genuine Leather Aftermarket Key Players, Industry Overview, Applications and Analysis 2031

  The   U.S. automotive and aircraft leather aftermarket  is projected to reach a valuation of   US$ 7.8 Bn   in 2021. Rising demand for high-quality, lightweight, and durable leather for automotive and aircraft interiors is expected to push sales at   3.6% CAGR,   with the market valuation reaching   US$ 11.1 Bn   in 2031. Automotive and aircraft interior genuine leather is designed to provide comfort and to improve the visual appeal of the interiors. It also leaves the vehicle with a remarkable appearance and feel. It is used widely in midrange and premium passenger vehicles and in business class aircraft. The interior of a vehicle and aircraft that adds to the aesthetic appeal, is also a major factor that influences consumer buying decision. Longer operational life and extended warranties are some factors aiding the growth of the market. Request a Sample of this Report @   https://www.futuremarketinsights.com/reports/sample/rep-gb-14237 Leather manufacturers are providing customizat
3 comments
Read more