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Global Automotive Occupant Sensing System Market to Reach About USD 2.7 Billion by 2027, Driven by the Rising Focus on Passenger Safety

According to a new report by EMR titled, ‘Global Automotive Occupant Sensing System Market Report and Forecast 2022-2027’, the global market for automotive occupant sensing system attained a value of about USD 1.8 billion in 2021. The market is further estimated to grow at a CAGR of 6.80% in the forecast period of 2022-2027 to reach a value of approximately USD 2.7 billion by 2027.

The market for automotive occupant sensing system is being propelled by the growing focus on passenger safety due to the rising prevalence of road accidents. The surging utilisation of automotive occupant sensing systems to deploy airbags on the basis of occupant pose and exposure to an accident is driving the growth of the market. Technological advancements and innovations to enable automotive occupant sensing systems to enhance passengers’ travelling experience by personalising seat adjustments, lighting, and music based on their behaviour are predicted to bolster the market. Moreover, new technologies like occupancy-status (OS) technology are increasingly integrated into automotive occupant sensing systems. With the growing penetration of autonomous vehicles, the demand for innovative automotive occupant sensing systems that supports the identification of occupant behaviour and state to attentiveness and occupancy, among others, is expected to increase.

Some of the leading companies in the market are Continental AG (OTCMKTS: CTTAY) and ZF Friedrichshafen AG. In May 2019, the latter acquired 90% of the shares in Simi Reality Motion Systems GmbH. Through this, the company plans to expand its network of investments and cooperation while enhancing the development of systems for occupant recognition. The company plans to offer an integrated safety system from a single source for highly effective occupant recognition. Moreover, the investment would expand the company’s competence in occupant safety systems such as airbags and steering wheels and seat belts. Such merger and acquisition activities by the leading companies are increasing the development of innovative automotive occupant sensing systems and significantly contributing to the growth of the market.

Market Analysis by Type, Vehicle Type, Sales Channel, Mounting Location, and Region:

  • The market, on the basis of type, can be divided into cameras, strain gauges, pressure mats, and ultrasonic sensors.
  • Based on vehicle type, the market can be divided into compact passenger cars, mid-sized passenger cars, premium passenger cars, luxury passenger cars, light commercial vehicles, and heavy commercial vehicles.
  • The major sales channels of automotive occupant sensing system include OEM and aftermarket.
  • By mounting location, the market is segmented into passenger side and driver side, among others.
  • The regional markets for automotive occupant sensing system include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing demand for advanced safety technologies such as adaptive cruise control, occupant sensing systems, and blind-spot detection systems, among others, is propelling the market growth.
  • The market is being bolstered by the increasing cost-effectiveness of safety systems in passenger vehicles, which is surging the installation of automotive occupant sensing systems.
  • The introduction of various government initiatives to ensure optimal road and vehicle safety is surging the demand for automotive occupant sensing systems, hence driving the market growth.
  • The market growth of automotive occupant sensing can be attributed to rising disposable incomes, growing automobile sales, and the rising adoption of advanced passenger safety technologies.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for automotive occupant sensing system for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, vehicle types, sales channels, mounting locations, and major regions of automotive occupant sensing system.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global automotive occupant sensing system market are Continental AG, ZF Friedrichshafen AG, Lear Corporation, Autoliv Inc., DENSO Corporation, Vayyar Imaging Ltd., and Robert Bosch GmbH., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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