The Global Automotive Occupant Sensing System and Whiplash Protection System Market was worth US$ 4.69 billion in 2022 and is anticipated to reach a valuation of US$ 9.86 billion by 2028 and is predicted to register a CAGR of 13.45% during 2023-2028.
Automotive security systems have become advanced, sophisticated, and efficient over time. Today, the automotive industry is more inclined to use advanced technologies to reduce the number of accidents and lessen the impact of accidents on the occupants. Car safety systems have played an important role in achieving these goals, where these systems have made vehicles safer for the occupants. The recent increase in the attitude of governments and consumers towards the safety features of vehicles is one of the main drivers of the market for automotive safety systems.
The main factors driving the demand for a car occupant sensing system and whiplash protection system are stringent safety standards, increased safety awareness, technological advancement, and affordability as well such as institutions like the New Car Appraisal Program (NCAP) which assigns safety ratings to cars based on safety performance.
Market Drivers:
Advances in automotive electronics are directly dependent on the development of advanced sensor systems. Automobile manufacturers strive to create collision detection and prevention systems by implementing technologies such as OSS and WPS to improve the dynamic controls of vehicles. Growing concerns about safety, affordability, stringent safety standards, and growing consumer concern for automotive safety technologies are the main factors driving demand for these systems. Growth in vehicle sales due to the growing demand for luxury or premium cars is expected to drive sustainable growth in the automotive OSS and WPS markets. Other automotive OSS applications include aircraft, light commercial vehicles, and heavy commercial vehicles. These automotive passive safety systems have evolved due to strict government regulations, such as frequently updated organizations' assessment systems, including the New Car Assessment Program (NCAP).
Market Restraints:
Passive systems are activated when the collision occurs and the functions help absorb the forces of the collision, preventing occupants from colliding with the interior of the vehicle and preventing objects inside the vehicle from hitting the driver or driver to the passengers.
Market Recent Developments:
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REPORT METRIC |
DETAILS |
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Market Size Available |
2022 – 2028 |
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Base Year |
2022 |
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Forecast Period |
2023 - 2028 |
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CAGR |
13.45% |
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Segments Covered |
By Application, Type, and Region. |
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Various Analyses Covered |
Global, Regional and Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Lear Corporation, Grammer AG, Key Safety Systems Inc, Hyundai Mobis, TRW Automotive, Takata Corporation, Autoliv Inc, Delphi Automotive PLC, Continental AG, Robert Bosch GmbH, Magna International, and Others. |
Market Segmentation:
A strain gauge (here and there called a strain measure) is a sensor whose opposition shifts with applied power; It changes over power, pressure, tension, weight, and so on, into a change in electrical obstruction that would then be able to be estimated. At the point when outside powers are applied to a fixed article, stresses and strains happen. Stress is characterized as the inward opposition powers of the item and stress is characterized as the uprooting and misshaping that happens. The strain gauge is one of the main sensors in electrical estimation innovation applied to the estimation of mechanical amounts. As the name proposes, they are utilized to quantify distortion. As a specialized term, "strain" comprises pliable and compressive strains, recognized by a positive or negative sign. In this way, strain measures can be utilized to identify both development and compression.
Market Regional Analysis:
The Global Automotive Occupant Sensing System and Whiplash Protection System Market Report include the segmentation of regions:
The United States Automobile Classification Program is expected to adjust its classification systems to improve the safety features of American vehicles. This can encourage manufacturers to produce vehicles that exceed minimum federal safety requirements. Europe, on the other hand, is expected to experience stable growth during the forecast period. Increasing levels of available income in the Asia Pacific automotive occupant detection and whiplash protection systems market have led people to invest in vehicle interior safety features. This has resulted in increased levels of competition in the automotive market.
Coronavirus is an unparalleled global public health emergency that has affected nearly every industry, therefore, and, the long-term effects are expected to impact industry growth during the forecast period. The report provides insights into COVID-19 considering changes in consumer behaviour and demand, purchasing patterns, supply chain diversion, the dynamics of current market forces, and significant government interventions. The updated study provides information, analysis, estimates, and forecasts, considering the impact of coronavirus on the worldwide market.
This translates into disruptions in the export of Chinese parts, disruptions in large-scale manufacturing in Europe, and the closure of assembly plants in the United States. The level of impact depends on the effect of COVID-19 and the government's decision on closure. 2019 has not been a good year for the auto industry and now the virus could affect various mergers and acquisitions, collaborations, partnerships, and R&D activities. Vehicle production is supposed to register a huge impact because of the supply shortages and production halts. Demand for new vehicles in countries affected by the pandemic is unlikely due to the closures at the site.
Market Key Players:
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