October 7, 2019 by Amanpreet
Unit sales of occupant classification system are estimated to surpass 205 billion units in 2018, a 5.8% Y-o-Y growth in 2018 over 2017. Overall growth of the occupant classification system can be attributed to,
“Automotive safety sensing systems for occupant detection and classification have been in the automotive industry for past few decades. Modern discriminating consumers continue to demand robust sensing solutions in automobiles. The success of auto OEMs to mass produce occupant sensing systems and declining costs of sensing technologies are likely to translate into industry profitability,” says a senior analyst at Fact.MR.
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Fact.MR study finds that pressure sensors in the occupant classification system market place will hold a significant market share. In 2018, pressure sensors are expected to surpass 180 Bn unit sales, a rise of 10 Bn unites over 2017. Owing to the greater number of pressure sensors utilized in the occupant classification system, numerically, 1 in 10 sensors used in OCS were seat belt tension sensors.
Compact and Mid-Sized Passenger Cars Collectively Installed 8 out of all 10 Occupant Classification System in 2017
As installation of passenger presence detection system can be found in a larger number of four-wheel drives, increasing sales of passenger cars have spurred the revenues of occupant classification system significantly. The study estimates that passenger car segment will occupy over two-third of the occupant classification system demand in 2018.
Fact.MR shows that an evident rise in the ownership of compact and mid-sized passenger vehicles has led to a significant rise in installations of OSC. Collectively compact and mid-sized passenger cars will demand 8 out of all 10 occupant classification systems in 2018. Implementation of OCS in electric vehicles witnessed a significant 7% Y-o-Y growth in 2018 over 2017, according to Fact.MR valuation.
OEM Occupied a Hefty 92% of Global OCS Unit Sales in 2017, Status-Quo Prevails in 2018
The hegemony of OEMs in the occupant classification system market continues as the nature of product demands greater reliability and accuracy. As OCS marketplace has witnessed a number of recalls related to erroneous occupant sensing technology, sales of originally manufactured sensors are likely to increase. Fact.MR study opines that OEMs will continue to sell over 9 out of 10 occupant classification systems in 2018, leaving the rest to the aftermarket.
According to OICA, China accounts for over 40% of the global vehicle production, thereby presenting a lucrative marketplace for auto parts manufacturers including OEMs and aftermarket players. Fact.MR study valuation shows that China has helmed the OCS market and in 2018, sales of occupant classification system will surpass 75 Bn units and account for over one-third of global sales. Fact.MR projects that next to China, Western Europe presents a significant demand for the occupant classification system.
Fact.MR shows that occupant classification system market remains consolidated among Tier 1 players who hold over one-third of the global share. However, owing to rapid technology adoption and declining cost of sensor technology in emerging economies, the revenue share of Tier 2 and Tier 3 players is set to rise – challenging the market revenues of Tier 1.
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The Fact.MR report tracks the occupant classification system market for the period 2018-2028. According to the report, the occupant classification system market is projected to grow at over 7% CAGR through 2028.
This section of the occupant classification system market report delivers vital insights on the occupant classification system market competition dynamics in terms of a comprehensive list of key companies and in-depth company profiles including information on product portfolio, market revenue share, global presence and notable business developments.
Few of the profiled players in the occupant classification system market include Robert Bosch GmbH, TE Connectivity, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Aptiv, IEE Sensing and Joyson Safety Systems among others.
The occupant classification system market players are leveraging product development, partnership with distributors and collaboration strategies to increase their market share.
Flexpoint Sensor Systems, Inc., a leading provider of occupant classification system has partnered with two of the prominent U.S. auto manufacturers who targeting to incorporate Flexpoint’s occupant classification system technologies - seat sensor technology and pedestrian impact sensor system in their 2020 production model.
In mid-July 2018, Mayser GmbH & Co KG started cooperation with the automation specialist Isotron Systems as the company’s sales partner for the expansion of Mayser’s business in Belgium, the Netherlands and Luxembourg.
ZF Friedrichshafen AG is planning to launch, in 2019, the industry’s first knee air bag which is 30% lighter than the conventional models and smallest in the industry, according to ZF’s head of the Occupant Safety Business Unit. The knee air bag also considers the occupant kinematics and offers optimized occupant protection.
BeBop Sensors, a provider of the award-winning car seat sensor with intelligent sensing technology for safer airbag deployment closed a deal of US$ 10 million funding by Bullpen Capital in April 2018. The funding is expected to aid BeBop in accelerating the product development and market penetration.
The occupant classification system market is thoroughly analyzed for its presence in multiple vehicles, distribution through different channels and technology used. Based on this, the occupant classification system market study has designed a market structure that categorizes the market based on sensors, vehicle types and sales channel.
Occupant classification system utilizes sensors such as pressure sensor and seat belt tension sensor. Market size of different sensors is analyzed to understand the supply-demand scenario of specific sensor types.
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Occupant classification system market is studied for different types of vehicles including passenger vehicles, LVC and electric vehicles. Based on sales channels, the occupant classification system market is segmented in OEM and aftermarket channels.
Additional Questions Answered
The occupant classification system market report covers all the vital facets of the market and covers insights in addition to the aforementioned finding of the occupant classification system market. Thorough analysis as such can answers some of the bemusing questions of the business professional interested in the occupant classification system market.
A robust research methodology followed during the course of the occupant classification system market study is discussed in-detailed in this section. Primary and secondary research approaches used during the market research study of occupant classification system is also discussed in depth. Sources of the primary and secondary research are also provided that enable readers to fathom the credibility of the market research analysis and derived forecast of the occupant classification system market.
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