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Enhancing Safety: The Growth of Occupant Classification Systems
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According to The Business Research Company's, The occupant classification system market size has grown strongly in recent years. It will grow from $2.44 billion in 2023 to $2.62 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rising automotive sales, rising highly developed safety vehicles, rising awareness of car accidents, an increase in the production of automobiles, and rising adoption of autonomous vehicles.
The occupant classification system market size is expected to see strong growth in the next few years. It will grow to $3.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the increasing use of pressure sensors, increasing road accidents, increasing production of autonomous vehicles, increasing number of accidents, increasing use of sensors, and increasing deaths due to car accidents. Major trends in the forecast period include the development of smart mobility solutions, the implementation of new vehicles, the implementation of security technologies in vehicles, emerging electronics and internet connectivity, and the development of seat sensor technology.
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Market Drivers and Trends:
The increasing number of road accidents is expected to propel the growth of the occupant classification system market going forward. The number of road accidents is growing due to factors such as increased vehicle traffic, distracted driving, speeding, inadequate infrastructure, and insufficient adherence to traffic laws and safety regulations. Occupant classification systems help improve road safety by accurately detecting and adjusting airbag deployment according to the size and weight of passengers, reducing injury risks in accidents. For instance, in May 2024, according to Transports Canada, a Canada-based government department, there were 1,768 motor vehicle fatalities in 2021, which was a 1.3% increase from 2020. The number of fatalities per 100,000 people rose to 4.7 in 2021. Additionally, there were 8,185 serious injuries in 2021, marking a 4% increase from 2020. The number of serious injuries per 100,000 people also increased to 4.8 in 2021. Therefore, the increasing number of road accidents drives the occupant classification system market.
Major companies operating in the occupant classification system market are focused on developing seat sensor technology, such as advanced occupant sensing systems, to enhance safety and the user experience. Advanced seat sensor technology systems utilize sensors integrated into vehicle seats to accurately detect the presence and characteristics of occupants, ensuring optimal airbag deployment and improving passenger protection. For instance, in January 2024, Yanfeng Corporate, a China-based automotive company, introduced the next generation of its Hover Seat, featuring occupant sensing. This innovative seat includes pressure-sensitive sensors that adjust to the occupant's size and position and an integrated climate control system for enhanced comfort. By advancing seat sensor technology, the company aims to provide smarter and safer vehicle environments, driving the evolution of occupant classification systems.
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Major Key Players of the Market:
Robert Bosch GmbH, Siemens AG, Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis Co., Magna International Inc., TE Connectivity Corporation, Aisin Corporation, Lear Corporation, Aptiv plc, Nidec Corporation, Joyson Safety Systems Aschaffenburg GmbH, Renesas Electronics Corp., Autoliv Inc., ON Semiconductor Corporation, Hella Inc., IEE S.A., Toyoda Gosei Co. Ltd., HL Mando Corporation, CTS Corporation, Calsonic Kansei Corporation
Occupant Classification System Market 2024 Key Insights:
• The occupant classification system market size is expected to see strong growth in the next few years. It will grow to $3.47 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Impact Of Road Accidents On The Occupant Classification System Market
• Advancements In Seat Sensor Technology Drive Evolution In Occupant Classification Systems
• North America was the largest region in the occupant classification system market in 2023
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