Occupant classification system market size is likely to witness an impressive CAGR of 8.2% during the forecast period. Owing to the strict safety norms led by the New Car Assessment Program (NCAP), there is a high growth of the occupant classification system market across the globe. Likewise, safety standards are soon to be implemented in the emerging economies, such as India, China, and Brazil, which is going to further influence the occupant classification system market globally.

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Occupant Classification System Market Insights:

By Sensor Type:

Based on the sensor type, the market is segmented as pressure sensor and seat belt tension sensor. The seat belt tension sensor segment holds the larger share of the occupant classification system market due to the adoption of passive safety standards in an automobile along with the imminent government directives in the emerging economies. The pressure sensor segment is estimated to register a faster growth in the coming five years. Further, the sensors segment is anticipated to witness the fastest growth during the forecast period. Sensors form an integral part of the occupant classification system mechanism in an automobile.

By Light Duty Vehicle Type:

Based on the light-duty vehicle type, the market is segmented as economy class, mid-size class, and luxury class. The mid-size class is projected to register the largest share of the market in the coming five years. The growing installation of occupant classification system in mid-size and luxury class of vehicles further drives the growth of the global occupant classification system market.

By Region:

In terms of regions, Asia-Pacific is expected to remain the largest market for occupant classification systems in the coming five years. The market is driven by the rising automobile production, adoption of safety features, and the presence of top-notch OEMs along with automotive component suppliers in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

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• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

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