Occupant Classification Systems Market Business Scenario 2021- TE Connectivity Limited, ON Semiconductor Corporation

The Occupant Classification Systems market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Occupant Classification Systems market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Occupant Classification Systems from 2021 till 2026.

Top leading Manufacturers Profiled in Occupant Classification Systems Market Report are: ZF Group, Continental AG, Aisin Seiki Co Ltd, Robert Bosch GmbH, IEE SENSING, Aptiv Corporation, Denso Corporation, Autoliv Inc, TE Connectivity Limited, ON Semiconductor Corporation

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The occupant classification systems (OCS) market is expected to witness a growth at a CAGR of 6.5% over the forecast period (2020 - 2025).

Market Segmentation

Segment by Type
Pressure Sensor
Seat Belt Tension Sensor

Segment by Application
Passenger Car
Commercial Vehicle

Market Overview

OCS detects the existence and physique of the passenger seat occupant for the Advanced Air Bag requirements. This system distinguishes between gender, as well as children and adults, by their seating postures with the help of pressure sensors in the seat and tension on seat belts.

- The growing demand for safety in automobiles is boosting the market's growth positively. For instance, According to the World Health Organization, globally, approximately 1.35 million people are killed in road accidents every year. Moreover, between 20 and 50 million more people suffer non-fatal injuries, with many incurring a disability as the result of their injury. OCS plays an important role in improving the safety features of vehicles.

- Additionally, the rising automotive sales and increasing production of autonomous vehicles worldwide are fueling the demand for inertial systems in the automotive industry. According to OICA (Organisation Internationale des Constructeurs d'Automobiles), the sales of automotive worldwide, in 2019, reached to 95 million units. Moreover, according to UBS, the global market for sensor semiconductor autonomous vehicles is expected to reach USD 30 billion by 2030. Such high growth in automotive sales is expected to further drive the demand for OCS in the forecast period.

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Regional Analysis

Europe to Witness a Significant Market Growth

- The European automotive sector has ascended to the top of the global industry. It has achieved record sales, and as a major employer and a source of significant grantmaking, it is an integral part of European society. Over the last few decades, the automotive industry in the U.K. has been completely transformed. Every 20 seconds, a car, van, bus, or truck rolls off a U.K. production line. Over 80% of these are exported to more than 100 countries. In the first eleven months of 2019, a total of 2,223,058 passenger cars were sold in Europe, according to the Society of Motor Manufacturers and Traders (SMMT).

- Every year thousands of people lose their life or are seriously injured in accidents on EU roads. Between 2001 and 2017, the number of road deaths in Europe decreased by 57.5%. Of the total number of fatalities, 46% is accounted for cars and commercial vehicles. Owing to the deaths caused by road fatalities, most of the automobile manufacturers are deploying inertial systems that enhance rider safety.

- Moreover, these fatalities and deaths have also influenced government organizations and institutions to set up strict regulations for the deployment of advanced technology. For instance, the EU institutions have reached a provisional political agreement on the revised General Safety Regulation. As of 2022, new safety technologies will become mandatory in European vehicles to protect passengers, pedestrians and cyclists.

News and Updates

- September 2019 - Measurement Specialties Inc., a subsidiary of TE Connectivity Ltd., had completed the previously announced acquisition of Silicon Microstructures Inc. from Elmos Semiconductor AG. SMIs micro-electro-mechanical systems (MEMS) sensor technology design and manufacturing capabilities, with TEs operational scale, customer base, and existing sensors technologies, lead to more comprehensive global sensing solutions offering for customers. SMI expands TEs global leadership in pressure sensing technology, particularly in medical, transportation, and industrial applications

- March 2019 - Bosch has opened its new Connectory in London as an incubator for urban mobility solutions. The company says the Shoreditch-based location is open to partners from the public, private and academic sectors, from start-ups to multinational organizations  with a dedicated goal, to develop smart mobility solutions for London.

What is the Impact of Covid-19 Outbreak on the Occupant Classification Systems?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Occupant Classification Systems.
- Occupant Classification Systems Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

Frequently Asked Questions about the Occupant Classification Systems market:

- What are the recent developments and government policies?
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- What is the growth rate of the market?
- Which Is the Most potential market segment?
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- Which region would offer high growth for vendors in the market?

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The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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