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Occupant Classification System Market

Occupant Classification System Market

Occupant Classification System Market Analysis by Sensor (Pressure Sensor, Seat Belt Tension Sensor), by Vehicle (Passenger Car, LCV, Electric Vehicle), by Sales Channel & Region - Global Forecast 2022-2032

Occupant Classification System Market
FACT2365MR

Global Occupant Classification System Market Outlook

The global occupant classification system market is estimated at USD 2.4 Billion in 2022 and is forecast to surpass USD 4.8 Billion by 2032, growing at a CAGR of 7.1% from 2022 to 2032.

Report Attributes

Details

Base Year Value (2021A)

USD 2.2 Billion

Estimated Year Value (2022E)

USD 2.4 Billion

Projected Year Value (2032F)

USD 4.8 Billion

Global Growth Rate (2022-2032)

 CAGR 7.1%

North America Market Share in 2021

~29%

North America Growth Rate (2022-2032)

CAGR 7.3%

Collective Value Share (USA, China,  Germany and Japan) 2022: Top 4 Countries

~47%

Top 5 Companies Market Share in 2021

~26%

Key Companies Profiled

  • Robert Bosch GmbH
  • TE Connectivity
  • ZF Friedrichshafen AG
  • AISIN SEIKI Co., Ltd.
  • Aptiv
  • IEE Sensing
  • Joyson Safety Systems
  • Other Key Players

The global occupant classification system market holds around 2%-3% share in the global automotive safety system market.

Boom in demand of safer vehicles has been noted is recent past. Acceptance of safer vehicles as per NCAP testing became primary enabler for growth of this market. Moreover, low regional disparities and optimized cost for such advanced technology is anticipated to provide lucrative opportunities to its manufacturers in upcoming half-decade.

Mandatory rules implemented by government on the usage of advanced seatbelts and airbags hiked demand for pressure sensors and tension sensors in the market.

Thus, the key factors driving industry growth are the increasing number of accidents, government rules & regulations related to vehicle safety, increasing purchasing power of the consumers, increasing demand for luxury vehicles, and the increase in the demand for the passenger vehicle in the fast evolving economies are key market trends that are likely to support the growth of the market.

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2017-2021 Global Occupant Classification System Market Outlook in Comparison to 2022-2032 Growth Forecast

Historically, the occupant classification system market value observed a growth of 4.2% CAGR from 2017 to 2021. The global occupant classification system market has produced an absolute dollar opportunity of closely to USD 422 Million in the last half-decade. It is projected to create an absolute dollar opportunity of more than USD 1 Billion and USD 1.7 Billion in during 2022-27 and 2022-2032 respectively.

Based on regional analysis, the European occupant classification system market holds the 2nd position in the global occupant classification system market which is calculated to lose 153 BPS at a CAGR of 6.6%. Besides, the Germany occupant classification system market is one of the significant market shareholder in the region with more than 1/4th market share.

Further, South Asia & Oceania occupant classification system market has seen remarkable increase in the last half few years owing to various government indicatives and consumer awareness towards the safety & security. It has gained significant market share which is likely to continue at a CAGR of 8.7% in assessment period.

Fact.MR projects the occupant classification system market is expected to observe growth at 7.1% CAGR amid 2022 and 2032 in contrast to a CAGR of 4.2% with which it grew from 2017 and 2021.

Steadily Rising On-Road Autonomous Vehicle Fleet Presents Opportunities for Occupant Classification System Manufacturers

Automotive players have stepped up their efforts to commercialise self-driving cars. As an autonomous fleet exemplifies the sensor-driven automation environment, constantly expanding sales of autonomous vehicles create attractive potential for occupant categorization system makers.

Even though they are driverless, autonomous vehicles need distinct and dependable sensor technologies to ensure passenger safety. As autonomous vehicle makers maintain passenger safety by matching vehicle features to regulatory standards, the installation of an occupant classification system in autonomous vehicles is expected to rise in the future, propelling the occupant classification system market forward.

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Rising Vehicle Statistics Present Lucrative Opportunities for Occupant Classification System Market

An increase in the number of vehicles in operation (VIO) and a growing focus on the installation of automated safety measures in automobiles present prospects for producers of occupant classification systems.

As per to the International Organization of Motor Vehicle Manufacturers (OICA) data, nearly 57.2 million motor vehicle were produced in 2021 which was 10% more as compare with year 2020. Asia and Oceania are on the top by manufacturing 57.1% of total motor vehicles. Further, more than 40 million procars were produced which holds 70% of total motor vehicle production.

A growing population of discriminating consumers with higher purchasing power continuously seek better safety features in the vehicles they purchase. Because most mid-sized passenger car models now have advanced occupant classification systems, the growing number of vehicles on the road bodes well for occupant classification system makers.

Automaker’s Focus on Sensor Innovations Befits the Market’s Progressive Outlook

The increasing dependence on electronic systems to improve safety of the passengers, vehicle performance and comfort, has prompted automakers to incorporate sensor technology in sophisticated vehicle models. Sensor innovation is amongst the most trending ecosystems in the automobile sector, with significant stakeholder investment.

Among the several sensing technologies under development, for example occupant gesture recognition, under occupant classification system technology is indeed one of the primary sensing technologies on which automotive OEMs are focusing their efforts.

Over the last five years, occupant classification system makers have seen a number of partnerships to integrate these technologies into new automotive models.

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Investment in Disruptive Technology Innovations Aimed at Reducing Driver Distraction Gaining Ground

Automotive manufacturers, especially carmakers, are providing a variety of infotainment and other electronic features which drivers and passengers may operate. Nonetheless, an increasing number of functioning features within the vehicle pose the risk of driver distraction.

According to studies, visual and manual distractions are at the forefront of the reasons of driver distraction. As manufacturers and product development engineers work to design functionality features that need the least amount of driver attention, gesture detection systems based on various sensors and 3D tracking technologies continue to fall short of reaching maximum efficiency.

Revolutionary technologies are being developed in the automobile gesture recognition sector, with the goal of reducing driving attention and improving driver control and comfort at a low cost. Such innovations are likely to have an impact on the growth trajectory of the automotive gesture recognition market in the future years.

Country-wise Insights

What is the North America Occupant Classification System Market Scenario?

Consumers' increasing disposable income, combined with their purchasing power, has pushed them to invest in their safety and security when travelling. Government terms and policies in the United States will promote demand for Occupant Classification Systems in the region. Because of the scarcity of transportation options, the motorization rate in the United States has risen faster than in the rest of North America.

Further, the newest breakthroughs in sensors and wireless technology are driving the desire for smart system adoption in automobiles in Canada. This aspect is also driving the expansion of occupancy detection in the Americas.

However, the occupant classification system market in North America is possible to eye witness the growth in forecast period. It is likely to gain 30 BPS and expected to acquire nearly 1/3rd global occupant classification system market share by the end of 2032.

Which Region holds for Higher Demand for Occupant Classification System Market?

The Asia Pacific region is home to some of the world's most populous countries, including China and India. It also serves as a residence for developed countries such as Japan and South Korea. These countries are the world's largest vehicle producers. Furthermore, vehicle passive safety standards in these countries are improving. This, in turn, is driving the occupant categorization system market.

The Asia Pacific region has been ghettoized into two regions including East Asia and South Asia & Oceania. East Asia occupant classification system market is the important market from the growth perspective. It has acquired more than 1/5th market share of the global occupant classification system market in the last half-decade.

The Chinese occupant classification system market holds for ~3/4th of the East Asian occupant classification system market in 2022. It is estimated to generate an absolute $ opportunity of around USD 299 million during 2022 & 2032.

Occupant Classification System Market forecast analysis by Fact.MR

Category-wise Insights

Which Sensor of Occupant Classification System is The Largest Contributor to the Occupant Classification System Market?

Pressure and seat belt tension sensors have been the most demanded types of sensors in these advanced systems.  Governments around the world have made the utilization of seatbelts and airbags in automobiles mandatory. In addition, on selling price of a pressure sensor is lesser compared to that of a seat belt tension sensor.

Further, it is expected to continue its dominance in occupant classification system market over the forecast period, in terms of value, which accounted for 3/5th value share in 2022. Additionally, the segment is predicted to grow at a CAGR of 2.6% and lose nearly 305 BPS by the end of 2032.

Which Sales Channel is Poised to Show Lucrative Growth in Occupant Classification System Market?

The OEM sales channel has acquired more than 55% global market share in global market. It is likely to witness growth at a CAGR of 7.2% during the forecast period. This is expected to generate absolute dollar opportunity of around USD 1.3 Billion to the occupant classification system market over the assessment period of 2022-2032. 

Competitive Landscape: Top Companies in Occupant Classification System Market

The global occupant classification system market is highly fragmented, with a significant number of local and regional companies. As a vital strategy to support their market footprint and better fulfil the needs of customers, industry players are focusing on developing new goods in response to the dynamic industry needs.

Also, the key companies have adopted numerous strategies including merger & acquisition partnership, etc. product development is the key strategy to upscale their market presence among consumers.

Fact.MR has provided detailed information about price points of top manufacturers of occupant classification system market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance: On 22nd January 2022, Automated Driving: Bosch and Volkswagen Group extended period of their partnership for accelerating the introduction rate for advanced automated driving functions across all vehicle classes within upcoming half-decade.

Global Occupant Classification System Market Segments

  • By Sensor :

    • Pressure Sensor
    • Seat Belt Tension Sensor
  • By Sales Channel :

    • OEM
    • Aftermarket
  • By Vehicle :

    • Passenger Car
      • Compact
      • Midsize
      • Luxury
      • SUV
    • LCV
    • Electric Vehicle
      • BEV
      • HEV
      • PHEV
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of occupant classification system market is estimated to be worth over USD 2.4 Billion in 2022.
The demand is anticipated to surpass USD 4.8 Billion by 2032 end.
During 2017-2021, global occupant classification system market grew at 4.2% CAGR.
Some of the prominent players in occupant classification system market are Robert Bosch GmbH, TE Connectivity, ZF Friedrichshafen AG, AISIN SEIKI Co., Ltd., Aptiv etc.
North America tops the global occupant classification system market accounting for 29% of global market share in 2022.
Seat Belt Tension Sensor under the end-use industry segment contributes 54% of market share in global sales of occupant classification system.

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