Occupant Classification System (OCS) Market, by Sensor Type (Pressure Sensor and Seat Belt Tension Sensor), Component Type (Airbag Control Unit, Sensors, and Others), Applications (Light-Duty Vehicle Type and Electric Vehicle Type), End-Users (Automotive), Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2020–2025

The global occupant classification system (OCS) market is expected to grow in the forecasted period as a result of rising safety awareness among the automobile consumers. As a result, the automobile industry has experienced the growing implementation of active and passive protection systems in a car which leads to the growth of the global OCS market.

Occupant Classification System Market, Analysis:

Occupant classification system offers better protection and reduces chances of critical injuries in the event of an accident. Growing dependence on electronic systems to improve passenger safety, comfort, and efficiency in the automotive sector has led automakers to adopt smart sensors such as occupant classification system. Increasing vehicle production equipped with smart technologies is likely to fuel the global OCS market.

Advanced technologies are expected to drive the global occupant classification system market:

Sensor innovation is one of the trendiest landscapes in the automotive industry, with major investment from the stakeholders. For instance, occupant gesture-recognition is one of the recent and primary OCS sensing technologies. Manufacturers of occupational classification systems use a substantial part of their engineering resources to produce new products or improve existing safety systems.  Manufacturers of occupant classification systems have witnessed a number of collaborations in the implementation of these advanced technologies. Advanced and innovative technologies are estimated to drive the market growth.

Implementation costs are anticipated to restrain the growth of the global occupant classification system market:

Government’s mandatory regulations to adopt occupant classification system will push automakers to implement OCS systems but with additional cost. This would raise prices which may have an adverse effect on sales of cars. Thus, this factor is anticipated to bring a decline in the global OCS market. 

Increasing production of autonomous vehicles is anticipated to create enormous opportunities for the global occupant classification system market:

Increasing sales of autonomous vehicles pose lucrative prospects for the suppliers of occupant classification systems. An autonomous vehicle offers several benefits such as optimizing the automation environment, driverless experience, and improvised passenger’s safety. Installation of the occupant classification system in autonomous vehicles is expected to grow, thereby increasing the future prospects of the occupant classification system sector. Therefore, this factor is foreseen to act as an opportunity for the global OCS market in the predicted period. 

Global Occupant Classification System Market, by Sensor Type:

Seat belt sensor will be the most lucrative till 2025

By sensor type, the global occupant classification system market is divided into pressure sensor and seat belt tension sensor. The seat belt tension sensor is expected to dominate the market shares due to increasing usage of passive automotive safety technologies and government regulations in developed economies. 

Global Occupant Classification System Market, by Component Types:

Sensor type estimated to dominate the market till 2025

By component types, the global occupant classification system market is classified into airbag control unit, sensors, and others. Sensor type is anticipated to dominate the market shares as sensors are the most crucial components of the OCS structure. Moreover, increasing sales of luxury vehicles around the world is estimated to contribute significant growth in the sensor component market. 

Global Occupant Classification System Market, by Applications:

Mid-size light-duty vehicles& hybrid electric vehicles will be the most lucrative till 2025

By applications, the global occupant classification system market is segmented into light-duty and electric vehicle type. Light-duty vehicle can be further divided into economy, mid-size and luxury. The mid-size light-duty vehicle is expected to be the fastest growing segment till 2025. This is due to rising adoption of OCS in mid-size vehicles for several benefits such as smart airbags, 3 point seat belts and others. On the other hand, electric vehicle type is divided into battery electric vehicles, plug-in hybrid electric vehicles and hybrid electric vehicles. Hybrid electric vehicles are expected to dominate the market share as these types of vehicles are powered by both fuel and electricity.  

Global Occupant Classification System Market, by End-Users:

Commercial Vehicles are estimated to be the highest growing till 2025

By end-users, the global occupant classification system market operates in automotive industry. Automotive industry is further bifurcated into heavy commercial vehicle (HCV), light commercial vehicle (LCV), electric vehicle type, hybrid electric vehicle (HEV), fuel cell electric vehicle (FCEV), battery electric vehicle (BEV) and others. Amongst these, commercial vehicles segment is expected to be the highest growing segment as governments across the globe are implementing tough regulations for passenger’s safety.

Global Occupant Classification System Market, by Region:

Asia-Pacific region will have lucrative opportunities for the market investors

The global occupant classification system market is analyzed across North America, Europe, Asia-Pacific, and LAMEA regions. Asia-Pacific is estimated to dominate the market shares in the forecasted period due to expansion of vehicle production in this region. Moreover, countries like Japan, South Korea and China are some of the early adopters of OCS. This creates huge opportunities for the Asia-Pacific region to grow. 

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Key Participants in the Global Occupant Classification System Market:

Merger & acquisition and advanced product development are the frequent strategies followed by the market players

Some of the key players in the global occupant classification system market are ZF Friedrichshafen AG, Robert Bosch GmbH, TE Connectivity, Nexteer Automotive, DENSO Co., Nidec Co., Ningbo Joyson Electronic Corp., The Keihin Corp., Calsonic Kansei Corp., Mayser GmbH & Co. KG and others.

Market players prefer inorganic growth strategies to expand into local markets. The global occupant classification system market players are emphasizing more on merger & acquisition and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the Porter’s five force model is explained in the report.

Source: Research Dive Analysis