Acumen Research and Consulting, recently published report “Occupant Classification System Market - Global Industry Analysis, Size, Share and Forecast 2019 - 2026”.
LOS ANGELES, May 09, 2019 (GLOBE NEWSWIRE) -- The Global Occupant Classification Systems Market is estimated to grow at CAGR above 6.5 % over the forecast time frame 2019-2026 and reach the market value around USD 3.2 billion by 2026.
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Due to an increasing awareness of vehicle safety systems in countries such as India and China, a global market in the classification of occupants will increase. In fact, almost 1.25 million deaths have been reported every year by the World Health Organization (WHO), and car accidents are the leading causes of these deaths globally. This has forced automotive manufacturers to offer their vehicles enhanced safety features. In order to prevent injuries due to airbag impact, the person's weight and position must be detected. Increasing deployment of advanced intelligent airbag systems leading to the development of market-driving passive occupant detection systems (PODS). The market for the occupancy rating systems is growing as these systems were mandated for all car models by most advanced countries including the United States and Europe. There is a high growth potential for countries including India and China in the industry as the emerging rules on airbag safety in the Asian countries are in place. For example, from 1 July 2019 onwards, the Government of India made airbags and seat belts compulsory for all cars.
The United States and Europe dominated in 2018 the market for occupying systems. The National Highway and Traffic Safety Authority (NHTSA) Federal Motor Vehicle Safety Standard 2008 has made the requirements for active and passive safety restrictions and performance requirements for occupancy protection mandatory. This has resulted in most of the mid-range and flagship models used by automotive companies such as Chevrolet, Dodge, Ford and Honda. The airbag regulations in countries like India have influenced the installation of these systems in economic-class vehicles which have created market growth possibilities.
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Bladder is the industry's most popular technology. These systems include a bladder, a belt switch, a ECU airbag and a pre-tensioner. These systems include: Ford and Chevrolet cars integrate this safety technology and are used in several mid-range and luxury cars. Strain gage technology is easy to install and is deployed across automobile brands such as Honda, Jeep, Accord, Hyundai Elantra etc. The technology of pressurized bandage systems is less used and is mostly used in high-end models such as the Chevrolet Aveo, Chevrolet Cruze and the Occupancy Classification Systems Buick Enclave (OCS) market.
Key Players & Strategies
Some of the leading players in the industry include Aisin Seiki, Continental AG, Denso, Robert Bosch and ZF Friedrichshafen AG. They develop new products to have a competitive advantage over their counterparts. In the occupant classification system market, many of the leading suppliers focus on strengthening the distribution network through partnerships with other enterprises. Denso announced in April 2019 that it will invest USD 1.6 billion to boost automotive electrification systems production. The leading supplier of various sensors for occupant detections is flexpoint Sensor Systems, which has several distribution partners.
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Robert Bosch has consistently invested in research and development as one of the leading car systems suppliers. R&D activities in 2017 were invested by the company in approximately USD 8.2 billion. It is expanding its production facilities worldwide, including Braga and Portugal. Thanks to the presence of several car and sensor suppliers, the occupants, classification system market has become competitive.
In vehicles in crashes & collisions, airbags have emerged as a major safety feature. The earlier airbacks were however too aggressive and in some cases caused serious injuries and even deaths to the passenger with a high force. This led to the growth of the occupants ' classification system market as the demand for airbags was increasing according to the demands of the occupants. In the USA, airbags were issued to create lower risk of injuries for inhabitants, especially children. In the United States As a result, all cars manufactured in the USA have these systems after 2006, this motivated car manufacturers to use airbag restraint systems. These systems had been deployed in luxury cars previously. The economy and intermediate vehicles have nevertheless become the main growing markets.
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