Occupant Classification System Market – Size,Share,Sensors,Forecast To 2025


Posted November 20, 2018 by shreens99

. The global occupant classification system market is estimated to be USD 1.99 billion in 2018 and is projected to reach USD 3.17 billion by 2025, growing at a CAGR of 6.80% during the forecast period.

 
Factors such as increasing demand for vehicles with modern active and passive safety features and increasing vehicle production in developing economies have boosted the occupant classification system market in recent years. The global occupant classification system market is estimated to be USD 1.99 billion in 2018 and is projected to reach USD 3.17 billion by 2025, growing at a CAGR of 6.80% during the forecast period. The OCS market is dominated by a few global players. The key players in the OCS market are ZF (Germany), Bosch (Germany), IEE Sensing (Luxembourg), TE Connectivity (Switzerland), and Aptiv (UK). Expansions, collaborations, and supply contracts are the key strategies adopted by these players to gain traction in the OCS market.

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ZF (Germany) is a leading player in the OCS market. ZF has adopted the strategies of expansion and agreement to maintain the leading position in the OCS market. The company has done 4 expansions and an agreement in the last 3 years. In April 2017, ZF expanded its footprints in Asia by opening a new engineering center in Shanghai, China. The center would aid the development of driveline and chassis systems technologies for many types of vehicles. Also, in March 2017, ZF opened the company’s first technology center in Hyderabad, India. This new ZF India Technology Center (ITC) would focus on the development of advanced technologies for vehicle electrification, autonomous driving, and connected vehicles. In September 2016, ZF and doubleSlash Net-Business GmbH (Germany) agreed on strategic participation. Under this agreement, ZF would buy a 40 percent stake in doubleSlash.

Bosch (Germany) adopted the strategy of new product development to strengthen its market position. In March 2014, Bosch introduced a new generation of acceleration sensors SMA6xy that are used for development in the field of airbag systems. SMA6xy sensor platform is used for airbag control units and peripheral use on vehicle’s front, rear, and sides. IEE Sensing (Luxembourg) also introduced a new product related to OCS in the year 2015. In September 2015, IEE Sensing launched its innovative sensing solutions for enhanced automotive safety and comfort at the International Motor Show (IAA) 2015 that was held in Frankfurt, Germany. The company showcased products such as exterior radar solution, interior motion detector, and a night vision system. Interior motion detector uses radio technology to detect vehicle occupants based on their movements.

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Issued By MarketsandMarkets
Country India
Categories Automotive , Energy , Engineering
Tags occupant , classification , market
Last Updated November 20, 2018