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MarketersMEDIA / Newsroom / Global Occupant Classification System (OCS) Market is expected to reach $3.31 billion by 2027 growing at a CAGR 8.7% during 2018 to 2027.

Global Occupant Classification System (OCS) Market is expected to reach $3.31 billion by 2027 growing at a CAGR 8.7% during 2018 to 2027.

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Some of the key players profiled in the Occupant Classification System (OCS) Market include ZF, TE Connectivity, TCS Corporation, Shanghai Shanben Industrial E.& I. Co Ltd, Robert Bosch, Calsonic Kansei Corporation, Autoliv, Aptiv and Aisin Seiki.

— Rising developments in sensor technology and severe safety norms for vehicles to pass the NCAP test ratings are the major factors driving the market growth. However, public acceptance of safety technologies is impacted by high price is restraining the market growth. Moreover, leveraging allied skill for better accuracy is the opportunity for the market growth.

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Occupant classification systems (OCS) are developed to recognize the definite presence of passenger in the seat. For advanced air bag requirement and other safety norms this system detects physique and existence of the occupant. Security regulations made by regulatory bodies to pass the NCAP test ratings is mandatory which is considered as one of a factor driving the adoption and growth of this market.

Based on light-duty vehicle type, the mid-size class segment is likely to have a huge demand as they are getting equipped with the popular features that are fitted in luxury vehicles. With a new variation of models these vehicles are getting innovative.

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By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the presence of world’s most populated countries like China and India & developed countries like Japan and South Korea. They are the biggest producer of vehicles across the world. In addition, vehicle passive safety norms in these countries are improving day by day.

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Components Covered:
• Sensors
• Airbag Control Unit (ACU)

Sensor Types Covered:
• Seat Belt Tension Sensor
• Wired
• Wireless
• Pressure Sensor

Sales Channels Covered:
• Aftermarket
• Original Equipment Manufacturer (OEM)

Light Duty Vehicle Types Covered:
• Mid-Size Class
• Luxury Class
• Economy Class

Electric Vehicle Types Covered:
• Battery Electric Vehicle (BEV)
• Fuel Cell Electric Vehicle (FCEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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About Stratistics MRC
We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

Contact Info:
Name: James Lamb
Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929
Website: https://www.strategymrc.com/

Source URL: https://marketersmedia.com/global-occupant-classification-system-ocs-market-is-expected-to-reach-331-billion-by-2027-growing-at-a-cagr-87-during-2018-to-2027/88961628

Source: MarketersMedia

Release ID: 88961628

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