Occupant Classification System Market Competitors and Regional Analysis 2019-2025

The occupant classification system market in U.S. and Europe have emerged as leading regional revenue pockets transforming outlook. The strict regulatory scenario across these regions mandating the use of OCS is one of the prominent factors fueling regional growth. For the record, in the U.S., the National Highway Traffic Safety Administration (NHTSA) had deployed vehicle safety standards to mandate safety requirements for occupant’s protection. As a result, most of the automobile manufacturers like Ford, Chevrolet, Dodge, and Honda have started to integrate these systems in most of their mid-range & flagship models.

The demand for luxury cars has increased, particularly in the Asia Pacific region. Automakers, including Audi and Mercedes-Benz, have recorded growing sales in countries such as India. According to the International Organization of Motor Vehicle Manufacturers (OICA), around 71 million passenger cars were sold in 2017, which is anticipated to drive the occupant classification system market.

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Speaking about Asian continent, the countries including India and China are poised to account for a significant business share, owing to the implementation of rules related to airbag safety. The deployment of such norms has promoted vehicle manufacturers to install OCS in economy class vehicles mainly across India. Improving standards of living in these countries will help fuel the regional car market and in turn will support the occupant classification system market landscape over the forecast period.

Growth potential analysis

3.8.Porter’s analysis

3.8.1. Industry rivalry

3.8.2. Threat of new entrants

3.8.3. Buyer power

3.8.4. Supplier power

3.8.5. Threat of substitutes

3.9.Competitive landscape, 2018

3.9.1. Company market share

3.9.2. Strategy dashboard

3.10.PESTEL analysis

Robert Bosch, TE Connectivity, Joyson Safety Systems, and IEE Sensing are the prominent players in the occupant classification system market. Several models of Honda, Chevrolet, Chrysler, Buick, and Ford have been embedded with occupant classification systems. Nissan has its own brand, Calsonic Kansei, which develops the occupant classification system mostly used on Nissan vehicles.

Browse key industry insights spread across 155 pages with 173 market data tables & 22 figures & charts from the report, “Occupant Classification Systems Market” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/occupant-classification-system-market

The technological advancements in automotive electronics have influenced product developments & innovations in the occupant classification system market. Automotive manufacturers are relying more on the electronics & sensor systems to enhance safety. Moreover, the emergence of autonomous vehicles and connected car technologies have boosted developments in sensor technologies. The evident rise in the global automotive sector and the need for advanced safety features are expected to drive market growth.

Though the OCS market is expected to register an appreciable growth rate, restraints comprising high price of OCS integrated vehicles and technological defects may hamper the market share. However, growing initiatives pertaining to new product development are slated to overcome the business restraints over the years ahead. In addition, the leading automakers like Honda and Hyundai have been adopting innovative installation technologies to curb the changes of airbag failure.

The consistently expanding automobile sector and the rising demand for passenger safety regulations across developing nations will drive the growth trends of occupant classification system market. Growing emergence of collision repair services across the globe will further accelerate the product demand noticeably. Some of the market players in the occupant classification system market include Delphi Technologies, Aisin Seiki, Denso, Mayser, Flexpoint Sensor Systems, and Hyundai Mobis.

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