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% by 2022.
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.
- The passenger side segment has a revenue share of roughly a third of the
mounting location segment of automotive occupant sensing systems market
in 2017 and is expected to gain substantial share during the study
period. The passenger side segment is likely to be worth more than US$
725 million by the end of the year 2022. Nonetheless, the driver side
segment is where the bulk of the action lies as it accounts for approx.
half the revenue share in automotive occupant sensing systems market.
The driver side segment has great scope in Latin America as the region
is estimated to record the highest CAGR for the five-year study period - 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
Luxury Passenger Cars Sought After in North America
Luxury passenger cars have a large market in North America as consumers there
are typically less price-sensitive than their counterparts in emerging
economies and often seek out the best available choice. The North
America luxury passenger car segment is the only one anticipated to push
past a value of US$ 65 million at the end of the forecast period.
A similar opportunity exists in the premium car segment of the automotive
occupant sensing system market. Europe closely follows North America in
the premium car segment because the continent has a long-standing
heritage of manufacturing premium cars and several globally-renowned
carmakers have their headquarters on the continent.
Market Segmentation
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEAVehicle Type
- Mid-sized Passenger Cars
- Luxury Passenger Cars
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- Premium Passenger Cars
- Compact Passenger CarsSales Channel
- OEM
- AftermarketMounting Location
- Passenger Side
- Driver Side
- Others
