Press Release
Press Release
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.
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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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