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Why Occupant Classification System Market is growing rapidly? Autoliv, Denso, Delphi Technologies, Hyundai Mobis, Robert Bosch GmbH, Schneider Electric, Takata

04-14-2020 08:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Research

Occupant Classification System Market

Occupant Classification System Market

The U.S. and Europe have emerged as leading regional revenue pockets transforming occupant classification system market outlook. The strict regulatory scenario across these regions mandating the use of OCS is one of the prominent factors fueling regional growth. For the record, in the U.S., the National Highway Traffic Safety Administration (NHTSA) had deployed vehicle safety standards to mandate safety requirements for occupant's protection. As a result, most of the automobile manufacturers like Ford, Chevrolet, Dodge, and Honda have started to integrate these systems in most of their mid-range & flagship models.

Speaking about Asian continent, the countries including India and China are poised to account for a significant business share, owing to the implementation of rules related to airbag safety. The deployment of such norms has promoted vehicle manufacturers to install OCS in economy class vehicles mainly across India. Improving standards of living in these countries will help fuel the regional car market and in turn will support the occupant classification system market landscape over the forecast period.

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Propelled by the awareness about automobile safety systems & the subsequent rise in vehicle safety regulations, occupant classification system market is expected to consolidate itself into a distinguished, profitable investment avenue over the forthcoming years. Of late, governments and consumers alike are becoming more aware of vehicle safety issues. While the regulations passed by governments have majorly influenced occupant classification system industry, consumer preferences have started to play a significantly larger role in augmenting this business sphere as well.

The rising awareness and growing safety demands coupled with the projected rise in automobile sales have led to the generation of a spate of growth opportunities for the OCS market. In fact, according to the World Economic Forum, the number of cars across the world are projected to double by 2040, hitting the 2 billion mark, presenting another lucrative growth opportunity for OCS market players.

Though the occupant classification system market is expected to register an appreciable growth rate, restraints comprising high price of OCS integrated vehicles and technological defects may hamper the market share. However, growing initiatives pertaining to new product development are slated to overcome the business restraints over the years ahead. In addition, the leading automakers like Honda and Hyundai have been adopting innovative installation technologies to curb the changes of airbag failure.

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The consistently expanding automobile sector and the rising demand for passenger safety regulations across developing nations will drive the growth trends of occupant classification system industry. Growing emergence of collision repair services across the globe will further accelerate the product demand noticeably. Some of the market players in the occupant classification system market include Delphi Technologies, Aisin Seiki, Denso, Mayser, Flexpoint Sensor Systems, and Hyundai Mobis.

Table of Contents (ToC) of the report:
Chapter 4. Occupant Classification System Market, By Technology
4.1.Key trends in occupant classification system industry, by technology
4.2.Strain gauge system
4.2.1. Market estimates and forecast, 2015 - 2025
4.3.Bladder system
4.3.1. Market estimates and forecast, 2015 - 2025
4.4.Pressure sensitive tape system
4.4.1. Market estimates and forecast, 2015 - 2025
4.5.1. Market estimates and forecast, 2015 - 2025

Chapter 5. Occupant Classification System Market, By Light Vehicle type
5.1.Key trends in occupant classification system market, by light vehicle
5.2.Economy class
5.2.1. Market estimates and forecast, 2015 - 2025
5.3.1. Market estimates and forecast, 2015 - 2025
5.4.Luxury cars
5.4.1. Market estimates and forecast, 2015 - 2025

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