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Automotive Occupant Sensing System Market Anticipated To Reach US$ 2 billion By 2022

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Automotive occupant sensing systems are critical in sensing the presence of a driver or passenger seated inside a vehicle and are required to control the airbag activator systems. The automotive occupant sensing systems control, disable or enable t
Increasing personal mobility across the world has unfortunately led to rising cases of
accidents and road traffic fatalities, especially in emerging economies where safety
standards are less stringent than in developed countries. It isn’t surprising that
customers have begun to demand seatbelts and airbags in their vehicles as a built-in
accessory and not an optional extra. Automotive occupant sensing systems are critical
in sensing the presence of a driver or passenger seated inside a vehicle and are
required to control the airbag activator systems. The automotive occupant sensing
systems control, disable or enable the inflation of the airbag in the case of an
accident. Adequate information enables the airbag activator control system to
function seamlessly and save millions of lives annually. The automotive occupant
sensing systems market is on track to grow with a CAGR of 6.9% from 2017 to 2022.
Safety is a paramount concern for both a driver as well as all the occupants inside a
moving vehicle. Seatbelts and airbags are the two most-known vehicle safety features
that help save innumerable lives every year. The automotive occupant sensing system
detects the presence and position of an individual seated on either the driver’s seat or
passenger’s seat in a vehicle. These systems are also able to sense the presence of rear
facing child seats inside a vehicle thus control the amount of deflation or inflation
required by airbags in the case of a major accident. The steady stream of information
from the automotive occupant sensing system to the airbag activator control system
enables the former to work without hitch. The automotive occupant sensing system
market is projected to be worth more than US$ 2 billion by the end of 2022.
The OEM sales channel dwarfs the aftermarket channel in automotive occupant
sensing systems market. Automotive occupant sensing systems are typically fitted by
the OEM’s themselves and are hardly ever fitted by aftermarket channels. The OEM
channel is particularly prominent in North America and the North America OEM
channel market should near US$ 600 million by end 2022. The aftermarket channel is
much smaller in comparison and represents marginal revenue share in automotive
occupant sensing systems market. Companies specializing in the aftermarket sales
channel would be advised to devise customized strategies to reach customers and be
successful in automotive occupant sensing systems market.A similar potential exists
in the light and heavy commercial vehicles segment as both have roughly equivalent
revenue share in automotive occupant sensing systems market. Heavy commercial
vehicles inch past their light counterparts though and companies are recommended to
take this into account while devising their strategies.
The North America heavy commercial segment could well touch US$ 80 million at
the end of the forecast period as the region has minimal rail infrastructure and most
transportation is on their well-developed highways.
The companies profiled in automotive occupant sensing systems market report are
Volvo AB, ZF Friedrichshafen AG, Lear Corporation, Hyundai Mobis Co.,
Delphi Automotive Plc., Continental AG, Robert Bosch GMBH, Autoliv Inc.,
and Takata Corporation
Report Overview with TOC @ https://www.persistencemarketresearch.com/marketresearch/automotive-occupant-sensing-system-market/toc
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