Occupant Classification System Market Analysis and Forecast To 2025 By Top Key Players
Occupant classification system market is expected to register an appreciable growth rate, restraints comprising high price of OCS integrated vehicles and technological defects may hamper the market share. However, growing initiatives pertaining to new product development are slated to overcome the business restraints over the years ahead. In addition, the leading automakers like Honda and Hyundai have been adopting innovative installation technologies to curb the changes of airbag failure.
Propelled by the awareness about automobile safety systems & the subsequent rise in vehicle safety regulations, occupant classification system market is expected to consolidate itself into a distinguished, profitable investment avenue over the forthcoming years. Of late, governments and consumers alike are becoming more aware of vehicle safety issues. While the regulations passed by governments have majorly influenced occupant classification systems industry, consumer preferences have started to play a significantly larger role in augmenting this business sphere as well.
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Impact of Europe’s stringent road safety laws on the occupant classification systems market
Europe, through the European Council’s General Safety Regulations, has been at the forefront of vehicle safety for a while now. The EU vehicle safety regulations cover a significant number of automobile safety niches, which mandates automobile manufacturers to adhere to the safety rules if they intend to tap the continent’s profitable automobile market.
The Need: There are several alternative technology-driven safety provisions, such as crash avoidance measures, that hold an edge over the OCS on paper. However, according to the European Commission, in terms of practicality these solutions are not quite feasible yet and cannot distinguish between passengers & alternative safety measures like the OCS. In fact, automobile crash avoidance systems are still in their infancy with regards to practical application & development, making occupant classification system market the go-to passenger safety solution in the market.
The Potential: Recently the European Council made significant alterations to its vehicle safety regulations, making them more stringent in a bid to considerably lower the overall number of road traffic accident casualties as well as injuries. These changes are expected to provide considerable traction to the occupant classification system market in the years to come.
Impact of rising vehicle safety awareness in APAC on Occupant Classification System Market
The APAC is home to some of the world’s largest automotive markets and the rapid economic growth nations like China & India are experiencing are further expanding the growth prospects of the global automotive industry. This has consequently provided a lucrative growth opportunity to the occupant classification system market.
The Need: According to a road safety report by the United Nations ESCAP, across the APAC, one person gets killed in a road accident every 40 seconds. That’s more than 2,000 individuals per day and more than 15,000 per week. Lack of proper driving etiquettes & an overall disregard for traffic rules are some of the leading factors behind these statistics.
There also exists a culture where, unlike western nations, children in APAC countries like India are allowed to ride shotgun, putting them in imminent danger wherein they could sustain life threatening injuries from airbags deploying in case of an accident. This has subsequently created an immense need for OCS in the region, which would gradually lead to the expansion of the regional OCS industry.
The Change: Consumers across the APAC are increasingly becoming aware about the road safety conditions and are actively seeking out vehicles that ensure their safety when they go out driving. This shift in consumer preferences is expected to provide the occupant classification system market the foothold it needs to expand across the APAC.
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The consistently expanding automobile sector and the rising demand for passenger safety regulations across developing nations will drive the growth trends of occupant classification system industry. Growing emergence of collision repair services across the globe will further accelerate the product demand noticeably. Some of the market players in the occupant classification system (OCS) industry include Delphi Technologies, Aisin Seiki, Denso, Mayser, Flexpoint Sensor Systems, and Hyundai Mobis.
Partial Chapter of the Table of Content
Chapter 4.Occupant Classification System Market, By Technology
4.1.Key trends in market, by technology
4.2.Strain gauge system
4.2.1. Market estimates and forecast, 2015 - 2025
4.3.Bladder system
4.3.1. Market estimates and forecast, 2015 – 2025
4.4.Pressure sensitive tape system
4.4.1. Market estimates and forecast, 2015 - 2025
4.5.Others
4.5.1. Market estimates and forecast, 2015 - 2025
Chapter 5.Occupant Classification System Market, By Light Vehicle type
5.1.Key trends in market, by light vehicle
5.2.Economy class
5.2.1. Market estimates and forecast, 2015 - 2025
5.3.Mid-range
5.3.1. Market estimates and forecast, 2015 - 2025
5.4.Luxury cars
5.4.1. Market estimates and forecast, 2015 - 2025
Chapter 6.Occupant Classification System Market, By Component
6.1.Key trends in market, by component
6.2.Airbag ECU
6.2.1. Market estimates and forecast, 2015 - 2025
6.3.Sensors
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