New York, US, Sept. 28, 2022 (GLOBE NEWSWIRE) -- According to a comprehensive research report by Market Research Future (MRFR), “Child Presence Detection System Market Research Report Information By Sensor Type, Vehicle Propulsion, Sales Channel, Vehicle Type, and Region- Forecast 2030”, to attain a valuation of approximately USD 3,075.9 million to flourish substantially at a healthy CAGR of over 51.0% during the evaluation era from 2022 to 2030.
Child Presence Detection System Market Overview:
A child can be left alone in a vehicle and, therefore, is addressed to heatstroke risk. The child presence detection system is designed to solve this issue. With the assistance of communication systems and alarms, the system can alarm passers-by and caretakers if a kid is left alone in an automobile. This highly reliable and accurate radar system identifies even the critical signs of sleeping newborns. When a left-alone child is identified, the system sustains the info into the vehicle system to send out several alert notifications. The global market for these systems has expanded enormously in recent times. The primary factor supporting the market's growth is the growing number of children trapped in hot vehicles.
Child Presence Detection System Market Competitive Analysis
The list of prominent leaders across the child presence detection system market includes companies such as:
- Texas Instruments Incorporated (US)
- Infineon Technologies AG (Germany)
- Continental AG (Germany)
- Valeo (France)
- Robert Bosch GmbH (Germany)
- IEE S.A. (Luxembourg)
- Denso Corporation (Japan)
- Visteon Corporation (US)
- ZF Friedrichshafen AG (Germany)
- Faurecia (France)
- Magna International Inc (Canada)
- APTIV PLC (Ireland)
- STMicroelectronics (Switzerland)
- AISIN CORPORATION (Japan)
- NXP Semiconductors (Netherlands)
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Furthermore, the rise in the sale of luxury vehicles, SUVs, and the rising per day birth ratio will also likely influence the market's growth over the review timeframe. On the other hand, the system's poor quality and high cost may restrict the market's performance. Nevertheless, the growing number of government regulations and initiatives related to children's safety in cars is anticipated to generate opportunities for the child presence detection system market over the review timeframe.
Child Presence Detection System Market USP Covered
Market Drivers
The child presence detection system market has increased in recent years, given the factors such as the growing number of deaths of children trapped in hot vehicles, the rise in the sale of EVs and luxury vehicles, and government initiatives.
Market Restraints
Conversely, the high cost of the system may restrict the market's performance.
Child Presence Detection System Market Report Scope:
| Report Metrics | Details |
| Market Size by 2030 | USD 3,075.9 Million |
| CAGR during 2022-2030 | 51.0% |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Opportunities | Government initiatives and regulations related to children’s safety in hot cars Advancements in radar technology and in-cabin sensing |
| Key Market Drivers | Increasing number of deaths of children trapped in hot vehicles Increase in sale of EV and luxury vehicles |
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COVID-19 Impact
The global health crisis in the form of COVID-19 has massively impacted the majority of the industry sectors across the globe. The travel restrictions and social distancing norms imposed by the governments across the globe led to causing a massive disturbance in the supply chain networks for various market sectors. The situation was quite critical in the Asia-Pacific and the North American regions, which usually are considered critical for the child presence detection system market. The market witnessed substantial revenue losses, given the fall in demand for automobiles globally. On the other hand, with all the industrial and financial activities returning to normal, the child presence detection system market is anticipated to grow substantially over the coming years.
Child Presence Detection System Market Segment Analysis
Among all the sensor types, the radar sensors segment is predicted to secure the top position across the child presence detection systems market over the forecasted timeframe. Radar sensors refer to effective technology detecting the presence of a child. Radar suits the application's needs while also curbing the privacy worries that other sensing technologies like cameras have. With several benefits, radar is ready to be the go-to sensor for left-out child monitoring/cabin monitoring.
Among all the vehicle types, the sedan segment is anticipated to secure the leading position across the child presence detection systems market during the assessment era.
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Among all the sales channels, the OEM segment is predicted to hold the top position across the child presence detection systems market over the coming years. the procedures in the OEM segment comprise installation, procurement, and production of child monitoring and cabin sensing features. Several automotive manufacturing organizations are operating on guaranteeing comfort and safety to comply with the recent and upcoming child presence detector technology across the globe.
Among all the end-users, the electric vehicle market segment is anticipated to lead the child presence detection systems market over the coming years. the segment includes battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs).
Child Presence Detection System Market Regional Analysis
The child presence detection systems market is analyzed across five major regions: the Middle East & Africa, South America, Asia-Pacific, North America, and Europe.
According to the MRFR research reports, the European region is predicted to secure the top position across the child presence detection system market over the review era. The safety of the drivers and passengers on their journey is crucial for several new technologies being incorporated into cars. New safety features are being encouraged by consumer-protection groups and imposed by several governments to avoid and mitigate accidents. The new automobiles comprise driver monitoring systems needed in the latest vehicles to acquire maximum efficiency. Many European nations have experienced a rise in the implementation of radar sensors in cars, and developing nations are getting ready for the same trends. Furthermore, the rise in the adoption of new cars with in-vehicle radar sensor detecting systems across the region is another prime parameter supporting the growth of the regional market over the review era.
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The Asia-Pacific region's child presence detection system market is anticipated to exhibit the highest CAGR over the forecasted era. The rising deployment of advanced sensing technology, radar, imaging, and detecting machines across business organizations. The regional market is predicted to lead the global market over the coming years. the region has leading growth contributors such as South Korea, Japan, China, Australia, and India. The manufacturing sector's growth and infrastructure development across emerging nations have generated new opportunities for automotive manufacturers. Additionally, the vast population across the region is predicted to catalyze the regional market's growth over the assessment era.
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