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Automotive Occupant Sensing System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71506
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The automotive occupant sensing system market share is expected to increase by USD 568.82 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.53%.

This automotive occupant sensing system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by type (passenger cars, heavy commercial, and light commercial) and geography (APAC, Europe, North America, South America, and MEA). The automotive occupant sensing system market report also offers information on several market vendors, including AB Volvo, Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., IEE SA, Lear Corp., Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen AG among others.

What will the Automotive Occupant Sensing System Market Size be During the Forecast Period?

Automotive Occupant Sensing System Market Size

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Automotive Occupant Sensing System Market: Key Drivers and Trends

The growth of the automotive industry is notably driving the automotive occupant sensing system market growth, although factors such as high costs associated with the installation of occupant sensing systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive occupant sensing system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Occupant Sensing System Market Driver

One of the key factors driving growth in the automotive occupant sensing system market is the growth of the automotive industry. There has been a rise in the need for enhanced safety features across all automotive segments, including the low-cost and compact automotive segments, owing to the regulatory mandates and an increase in automotive safety concerns among consumers from various economic classes. The growth of the passenger cars market in China and India is driving the growth of the global automotive occupant sensing system market in the region.  However, with the growing concern about road fatalities and awareness among consumers about safety features, the adoption of automotive occupant sensing systems is going to increase in vehicles.

Key Automotive Occupant Sensing System Market Challenge

The high costs associated with the installation of occupant sensing systems will be a major challenge for the automotive occupant sensing system market during the forecast period. The exuberant pricing of premium vehicles that are integrated with advanced technologies, such as occupant sensing systems, poses a major challenge for the growth of the market. However, automotive manufacturers are compelled toward employing occupant sensing systems in premium as well as budget segment vehicles, owing to the rising enforcement by government authorities regarding automotive occupant safety.

This automotive occupant sensing system market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Automotive Occupant Sensing System Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AB Volvo
  • Aptiv Plc
  • Autoliv Inc.
  • Continental AG
  • DENSO Corp.
  • IEE SA
  • Lear Corp.
  • Robert Bosch GmbH
  • Valeo SA
  • ZF Friedrichshafen AG

 

This statistical study of the automotive occupant sensing system market encompasses successful business strategies deployed by the key vendors. The automotive occupant sensing system market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive occupant sensing system market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Automotive Occupant Sensing System Market?

Automotive Occupant Sensing System Market Market segmentation by region

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53% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for automotive occupant sensing systems in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The rising awareness levels on safety features will facilitate the automotive occupant sensing system market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Automotive Occupant Sensing System Market?

Automotive Occupant Sensing System Market Segmentation

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The automotive occupant sensing system market share growth by the passenger cars segment will be significant during the forecast period. Rapid electrification in passenger cars has resulted in the adoption of new technologies that increased the comfort and safety of drivers. Automotive occupant sensing systems were earlier limited to luxury cars and later entered mid-segment vehicles over the last few years, thereby resulting in an increase in volume. The rising adoption of premium vehicles is crucial for the global automotive occupant sensing systems market because they contribute high revenue due to the adoption of advanced safety features. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive occupant sensing system market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive Occupant Sensing System Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.53%

Market growth 2022-2026

$ 568.82 million

Market structure

Fragmented

YoY growth (%)

2.97

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AB Volvo, Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., IEE SA, Lear Corp., Robert Bosch GmbH, Valeo SA, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive Occupant Sensing System Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive automotive occupant sensing system market growth during the next five years
  • Precise estimation of the automotive occupant sensing system market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive occupant sensing system industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive occupant sensing system market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Passenger cars - Market size and forecast 2021-2026
    • Heavy commercial - Market size and forecast 2021-2026
    • Light commercial - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2021-2026
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • South America - Market size and forecast 2021-2026
      • MEA - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Volvo
      • Aptiv Plc
      • Autoliv Inc.
      • Continental AG
      • DENSO Corp.
      • IEE SA
      • Lear Corp.
      • Robert Bosch GmbH
      • Valeo SA
      • ZF Friedrichshafen AG

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      Automotive Occupant Sensing System market growth will increase by $568.82 million during 2021-2026.
      The automotive occupant sensing system market is expected to grow at a CAGR of 4.53% during 2021-2026.
      Technavio has segmented the automotive occupant sensing system market by type (Passenger cars, Heavy commercial, and Light commercial) and geographic (APAC, Europe, North America, South America, and MEA).
      AB Volvo, Aptiv Plc, Autoliv Inc., Continental AG, DENSO Corp., IEE SA, Lear Corp., Robert Bosch GmbH, Valeo SA, ZF Friedrichshafen AG are a few of the key vendors in the automotive occupant sensing system market.
      APAC will register the highest growth rate of 52.68% among the other regions. Therefore, the automotive occupant sensing system market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the automotive occupant sensing system market growth are:
      • Growth of automotive industry
      The automotive occupant sensing system market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Details on the market shares of various regions
      • Five-force market analysis

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