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Global Occupant Classification System Market Analysis & Forecast 2018-2025DUBLIN, Sept 10, 2018 /PRNewswire/ -- The "Occupant Classification System Market by Sensor (Pressure Sensor, Seat Belt Tension Sensor), Components (Airbag Control Unit, Sensors), Light-Duty Vehicle Class (Economy, Mid-Size, Luxury), EV Type, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global occupant classification system market is estimated to be USD 1.99 billion in 2018 and is projected to grow at a CAGR of 6.80% during the forecast period, to reach USD 3.17 billion by 2025. Stringent safety norms for vehicles to pass the NCAP test ratings are expected to drive the OCS market. Various government authorities such as the National Highway Traffic Safety Administration (NHTSA) have imposed safety norms for new cars. Similar safety norms are expected to be implemented in developing countries such as India, China, and Brazil in the coming years. The installation of OCS in economy-class vehicles in developing economies can create new revenue generation opportunities for occupant classification system manufacturers. The global occupant classification system market is segmented by sensor, component, vehicle, electric vehicle, and region. The report discusses two types of sensors, namely, pressure sensor and seat belt tension sensor. Seat belt tension sensor accounts for the largest share of the occupant classification system market. This segment is driven by factors such as the increasing adoption of passive safety features in a vehicle and upcoming government mandates in developing economies. The pressure sensor segment is estimated to be the fastest growing market for occupant classification systems, by sensor. Pressure sensors facilitate the working of occupant classification system and help in the detection of occupant in the passenger seat. As vehicles are getting smarter, the use of pressure sensors is increasing at multiple places inside the vehicle. The sensors segment is estimated to be the fastest growing market for occupant classification systems, by component. Sensors are essential component of the OCS mechanism. Sensors are estimated to experience significant growth due to the increasing sales of luxury vehicles across the globe. The mid-size class of light-duty vehicle segment is projected to be the largest market for occupant classification systems. Moder passive safety technologies such as smart airbags, two stage airbags, and three-point seat belts are used in mid-size and economy class of light-duty vehicles. On the other hand, OCS is used extensively in luxury vehicles. The increasing installation of OCS in mid-size and economy-class vehicles is expected to drive the growth of OCS market. The extensive study has been done on four key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World. Key Topics Covered: 1 Introduction For more information about this reportvisit https://www.researchandmarkets.com/research/zz2lbm/global_occupant?w=5 Media Contact: Research and Markets
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