PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1570991
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1570991
Global Automotive Occupant sensing market is witnessing a notable growth across the globe. Automotive occupant sensing system comprises of various sensor as seat belt tension sensor, pressure sensors under seat, image sensor, weight sensors, etc. These sensors help comprehend the system in the vehicle to provide added safety features as provide seat belt alarm, deploying the necessary air bags in case of collision. Additionally, these automotive occupant sensing systems also offer better passenger safety and protection with the help of image sensing and ultrasonic techniques in coordination with the advanced driver assistance systems.
The Automotive Occupant Sensing Market is expected to grow at a significant rate of around 5.95% during the forecast period (2024-2032). One of the factors that has attributed to the growth of automotive occupant sensing systems is rising sales of automotive vehicles across the globe. As the income in the emerging economies is rising the customers are looking forward to passenger cars for a safer commute. According to the International Organization of Motor Vehicle Manufacturers (OICA), the total sales of automotive (including both passenger cars and commercial vehicles) in 2020 was 79.66 million which rose to 92.72 million in year 2023. This is approximately 16.3% of total growth in the respective period.
Additionally, countries as India, China, the US, Indonesia, etc., have witnessed growth in the sales of automotives in the respective period which is a positive factor for the growth of automotive occupant sensing systems considering safety becoming one of the key factor among the automotive manufacturers and regulatory bodies.
Considering the factors mentioned it is expected that the positive growth in the demand for automobiles in the coming years would be conducive for the safety solutions integrated into the vehicles. Furthermore, the customers with the increased disposable income would further focus on the options offering a robust safety systems further promoting the market growth. Henceforth, the demand for the automotive occupant sensing systems is expected to exhibit considerable growth during 2024-2032.
Based on Type the global automotive occupant sensing market is segmented into pressure sensor, seat belt tension sensor, seat belt buckle sensor, image sensor, weight sensor, capacity sensor, ultrasonic sensor, others. Of these pressure sensor and seat belt tension sensors have held a considerable market share among all. Some of the factors attributing to the growth are easier integration into the vehicles, affordable costing as opposed to other complex and high-end sensors. Additionally, the respective categories are used commonly in majority of the vehicles both low to medium and high-end vehicles due to their enhanced safety functions without a significant addition in the cost.
Based on the vehicle type, the market is segmented into Passenger Cars and Commercial Vehicles. Of these the passenger cars segment has held a sizable market share. With the rising sales of passenger cars especially in the developing regions as the Middle East, Asia Pacific, etc., the demand for safety features including the automotive occupant sensing systems has further strengthened.
For a better understanding of the market adoption of the Automotive Occupant Sensing market, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia Pacific holds a significant share of the Automotive Occupant Sensing market and is anticipated to maintain a steady growth rate over the forecast period. Asia Pacific has a vast automotive industry, and it is looking forward to comprehensively supporting research & development around automotive challenges and their potential technological solutions.
Some of the major players operating in the market include Robert Bosch GmbH, Joyson Safety Systems, Autoliv Inc., Continental AG, Hyundai Motor Company, Flexpoint, Denso Corporation, Valeo SA, ams-OSRAM AG, and IEE Smart Sensing Solutions.