Press release
Automotive Occupant Sensing System Market Poised For Disruptive And Explosive Growth | Takata Corporation, Autoliv Inc., Robert Bosch GMBH
Automotive Occupant Sensing System Market
Automotive occupant sensing system (OSS) providessafety features such as seatbelts and airbags. The automotive occupant sensing system helps to identify the presence of people in a vehicle, thus enabling the sensors to identify whether the airbag should be expanded or contracted in case of a mishap. Earlier these facilities were provided only into luxury cars, but due to increase insafety measures,they areinstalled inother vehicles as well. In addition, the automotive occupant sensor system detects the position of the individual on the passenger or the driver’s seat in the vehicles and deflatesthe airbags if any accident occurs toprovide safety.Therefore, these features facilitatethe growth of the automotive occupant sensing system market.
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COVID-19 scenario analysis:
COVID-19 has rapidly affected the salesin theautomotive industry,thus hampering the growth of the automotive occupant sensing system (OSS) market.
The market was expected to register a significant growth in 2021, but due to COVID-19, the market is expected to decline in the near future.
Sales play a major role in the vehicle sector.However,industries are facing slower sales due to the pandemicand are expected to regain after the situation becomes stable.
Due to no demand in the COVID-19 situation, many of these companies havestopped their production.
This pandemic situation has shut down many production lines, owing to trade restrictions of automobile, which havedirectly affected the automotive occupant sensing system market.
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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Top impacting factors that leadto the growth of the automotive occupant sensing system (OSS) market are better safety to avoid accidents due to airbags and increase indemand for automotive occupant sensing system (OSS) in cars.However, the possibility of malfunctioning of sensors due to bad weather hampers the growth of the market. Lightweight and superior quality of disc brakes help to improve the vehicle performance, thereby providing lucrative opportunitiesfor the automotive occupant sensing system (OSS) market.
Better safety to avoid mishaps due to airbags
Safety plays an important role while driving and airbags helpto prevent head, chest, and other severe injuries during a car collision. Airbags reduce the chances of harm in any accident, which is uncertain in nature.Therefore, thisincreases the demand forautomotive occupant sensing system (OSS).
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Increase indemand for automotive occupant sensing system (OSS) in new vehicles
Continuous innovation in car features increases the demand forautomobiles.The U.S. initiated a new car program to increase the awareness of safe driving among people.This helps to boost the demand forseat belts and airbags,and leads to the growth of the automotive occupant sensing system (OSS) market.
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