PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485713
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1485713
Automotive Child Presence Detection System Market size was valued at USD 170.65 Million in 2023, expanding at a CAGR of 45.3% from 2024 to 2032.
The Child Presence Detection System (CPDS) stands as a technological safeguard that empowers drivers and cultivates a safer environment for children. This system actively monitors the vehicle's interior once the engine is turned off. If a child is inadvertently left behind, the CPDS triggers a series of alerts, ranging from in-vehicle warnings to potential contact with emergency services.
Automotive Child Presence Detection System Market- Market Dynamics
Increasing demand for SUVs to propel market demand
The global market for automotive child presence detection systems is driven primarily by the increasing demand for SUVs. This surge in demand is anticipated to spur innovation and advancement in child presence detection system products, particularly within the SUV segment. Despite the challenges posed by the pandemic, SUV sales have remained robust, projected to surpass 45% of total global automobile sales in 2022, achieving record-breaking volume and market share. This trend presents a significant opportunity for industry stakeholders throughout the forecast period. The escalating demand for luxury vehicles on a global scale will fuel the production of luxury SUVs, thereby further bolstering the growth trajectory of the child presence detection system market's Compound Annual Growth Rate (CAGR).
Automotive Child Presence Detection System Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 45.3% over the forecast period (2024-2032)
Based on Sensor Type segmentation, radar sensor was predicted to show maximum market share in the year 2023
Based on vehicle type segmentation, sedans were the leading type in 2023
Based on region, North America was the leading revenue generator in 2023
The Global Automotive Child Presence Detection System Market is segmented based on Sensor Type, Vehicle Type, Sales Channel, Vehicle Propulsion, and Region.
The market is divided into four categories based on Sensor Type: radar sensors, pressure sensors, ultrasonic sensors, and other variants. As of 2023, the radar sensor segment holds sway in the market, offering an effective means of detecting the presence of children. In contrast to alternative sensing technologies like cameras, radar technology assuages privacy concerns. With numerous advantages, radar emerges as the preferred choice for monitoring child presence detection, swiftly gaining traction in these applications.
The market is divided into four categories based on vehicle types: hatchbacks, SUVs, sedans, and MUVs. Among these, sedans reign supreme in the market in 2023. Sedans are characterized by their "three-box" body structure, featuring distinct compartments for the engine, passengers, and trunk. Designed primarily for passenger transportation, sedans typically feature four doors and a separate enclosed cargo area known as a trunk, providing a distinct division from the main passenger compartment.
Automotive Child Presence Detection System Market- Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the Automotive Child Presence Detection System market, companies employ strategies such as product launches to introduce innovative solutions addressing safety needs. Partnerships with technology firms or automotive manufacturers facilitate access to complementary technologies, fostering product development. Collaborations with regulatory bodies ensure compliance and promote industry standards. Additionally, strategic alliances with research institutions drive innovation and enhance product effectiveness.
In May 2022, Toyota unveiled the Cabin Awareness concept, introducing millimetre-wave radar technology to detect the presence of individuals or pets within the locked car cabin.
GLOBAL AUTOMOTIVE CHILD PRESENCE DETECTION SYSTEM MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHT
Continental AG
Robert Bosch GmbH
Denso Corporation
ZF Friedrichshafen AG
Magna International Inc
Valeo
IEE S.A.
Visteon Corporation
Faurecia
APTIV PLC
Infineon Technologies AG
STMicroelectronics
NXP Semiconductors
AISIN CORPORATION
Texas Instruments Incorporated
Others