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Global Occupant Classification System Market Expected to Secure Notable Revenue Share during 2018-2028|| Global key players- Robert Bosch GmbH, TE Connectivity, ZF Friedrichshafen AG, AISIN SEIKI Co. Ltd., Aptiv, IEE Sensing, Joyson Safety Systems

12-10-2018 10:44 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Global Occupant Classification System Market Expected

The occupant classification system market place remains consolidated and portrays monopoly of top players. As the occupant classification system is a relatively new and unique technology, the skilled labor and high R&D investments required for the development of advanced occupant classification system is currently fulfilled by Tier 1 players. While Tier 1 players hold nearly 65-70% share of the occupant classification system market, Tier 2 & Tier 3 players hold the remaining share.

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Although future pricing forecast is difficult, sensor-based technology prices are set to decline with rapid technology adoption. With the booming technology landscape in China and other emerging countries, Tier 2 & Tier 3 players pose threat to eat into shares of Tier 1 companies in the future.

Automaker’s Focus on Sensor Innovations Befits the Market’s Progressive Outlook

Increasing reliance on electronic systems to enhance passenger safety, comfort and automobile performance have led automakers to implement sensor technologies in the advanced vehicle models. Sensor innovation is one of the most trending landscape in the automotive industry witnessing significant stakeholder attention in terms of investments. Among multiple sensor technologies under development, occupant classification system technology such as an occupant gesture-recognition is one of the key sensing technologies where automotive OEMs’ focus is concentrated.

In the past half a decade, the occupant classification system manufacturers have witnessed a number of collaborations to implement these technologies in new automobile models. For instance, in 2015, Fraunhofer ISC researchers in collaboration with Isringhausen GmbH launched smart driver seat which has a sensor-based gesture control system.

Air Bags – A Mandatory Safety Feature in Automobiles Ensures Occupant Classification System Market Sustenance

The occupant classification system (OCS) is a part of the air bag system and referred to as the supplemental restraint system. Deployment of air bags has significantly reduced the driver and passenger fatalities. Going beyond this fact, automakers are focusing on implementing safety sensing system to mitigate impacts of erroneous air bags deflation and reduce instances of faulty airbag fatalities.

The National Highway Transportation and Safety Administration (NHTSA) has mandated that from 2006, all automobiles on the U.S. roads be equipped with an automatic suppression system with an aim to avoid child or adult fatalities. Further, NHTSA has funded several projects to test occupant classification system such as an adaptive occupant restraint system and crash sensing system.

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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.

Steadily Rising On-Road Autonomous Vehicle Fleet Presents Opportunities for Occupant Classification System Manufacturers

Automotive stakeholders have accelerated their efforts for the commercialization of autonomous vehicles. As autonomous fleet epitomizes the automation environment driven by sensor technologies, steadily rising sales of autonomous vehicles present lucrative opportunities for occupant classification system manufacturers. Being driverless in nature, autonomous vehicles incorporate distinct and reliable sensor technology to ensure passenger safety.

As autonomous vehicle manufacturers ensure passenger safety by aligning the vehicle features to regulatory standards, installation of occupant classification system in autonomous vehicles is set to rise in the future, thereby propelling the growth of the occupant classification system market.

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.

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights 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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