Occupant Classification Systems Market Set for Rapid Growth During 2022 - 2028

Occupant classification systems (OCS) is built to detect the presence of the passenger on the seat. This system identifies existence and physique of the passenger. Classification sensors prevents the airbag from opening in case the system finds a non-living object present on the seat. Stringent safety norms from regulatory bodies to pass the NCAP test ratings is one of the driving factors. Occupant classification systems market is expected to grow remarkably in the near future.

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Companies Profiled in this report includes:  IEE S.A., Robert Bosch GmbH, Aptiv, TE Connectivity, Nidec Corporation, Aisin Seiki Corporation, Denso Corporation, Flexpoint Sensor Systems, CTS CORPORATION, Continential AG

MARKET SEGMENTATION

Based on component, the global occupant classification systems market is segmented into sensors, airbag control unit and others.
On the basis of sensors type, the market is segmented into pressure sensor, weight sensor, airbag sensors and seat belt tension sensor.
Based on vehicle type, the market is bifurcated into fully electric, hybrid and ICE.

MARKET DYNAMICS

Drivers

Growing awareness regarding safety during driving.

Rising urbanization and increasing per capita disposable income to boost market growth of occupant classification system.
Increase in the count of OEM's in developing countries.

Restraints

Inconsistency in NCAP safety ratings from one region to another.

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IMPACT OF COVID-19 ON OCCUPANT CLASSIFICATION SYSTEMS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Pandemic of COVID-19 brought several travel restrictions, thus limiting the movement of individuals from one place to another. Also, due to economic crisis, purchasing capacity of the buyer is hit considerably, impacting the demand for occupant classification system. However, this market is expected to accelerate post pandemic.

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